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by Jensson 412 days ago
It is "pump and dump", hyping is pumping.
1 comments

VCs just need to make sure there is enough hype by the time AI startups IPO, so that they can cash out. It's part of a bigger trend in finance, arguably caused by quantitative easing. It's why Uber could IPO, while they had never made a profit; but because of the hype, their stock price did great on day 1.