DGIN - AI Laundromat
2024-06-25 09:05:00 ET
Summary
- The line between AI opportunity and AI washing is neither clear nor fixed.
- However, there are some signs the golden age of AI washing is slowing from the spin cycle - coming to an end.
- Tempus AI’s IPO may be the latest signal that the AI washing cycle is ending, as its modest, pre-orchestrated pop has evaporated.
AI Rewrite
In America, money is relevance - and the most relevant thing in the world is now a firm that designs GPUs. Nvidia ( NVDA ) has registered the greatest market cap growth in history ($2 trillion in the past year alone), becoming briefly the most valuable company in the world , as its chips are the literal heart of the AI revolution. No storytelling required. I appreciate that the folks from NVDA don’t come to Cannes, unlike GOOG/META, to run their fingers through the hair of media execs before shooting them in the face. My favorite Cannes moment: Sheryl’s 2013 book-signing, which attracted hundreds of female execs even as her firm was depressing millions of teen girls....
AI Laundromat