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Berkshire Trolls The AI Bubble By Buying Macy's
Berkshire Trolls The AI Bubble By Buying Macy's
Submitted by QTR's Fringe Finance
For the better part of the last year, Wall Street has behaved like a teenager who just discovered Red Bull and leverage at the same time. Anything remotely tied to artificial intelligence has soared into the financial stratosphere.
Startups with no revenue, no profits, and occasionally no actual product are raising millions or billions because their founders can say the words “large language model”. Public company CEOs now jam “AI” into earnings calls with the same shamelessness that “trendy” gastropubs have...
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