this post was submitted on 10 May 2025
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How tf did this Ponze Scheme even get as far as the UK Prime Minister's desk?
It's not a Ponzi scheme. Just because you don't like it doesn't mean it's a scam and even if it was a scam that wouldn't be the type of scam that it was.
Absolute worst you could call it is false advertising, because AI does actually work just not very well.
A company that makes negative income every quarter forever, and whose latest edition costs a magnitude more power and is worse than the previous, is worth between $150 Bn and $300 Bn. Many other competing companies equally overvalued.
These are businesses who are only valuable because people keep investing in them. A Ponzi Scheme.