this post was submitted on 02 Aug 2025
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[–] xiwi@lemmy.dbzer0.com 34 points 15 hours ago (1 children)

Chatgpt, what is sunken cost fallacy and why are rich people so profoundly stupid?

[–] shalafi@lemmy.world 17 points 13 hours ago (1 children)

This is not that. They're all hoping to be the next Google or FaceBook. They know damned well most are going to lose. The gamble is that they won't be the one holding the bag when the bubble pops.

This is as high stakes as tech gets today.

[–] boonhet@sopuli.xyz 1 points 21 minutes ago

Some of them are already Google or Facebook tbh. They could run many safer gambles for the same money. But I suspect investors demand AI right now.