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A comment on Anthropic’s $5B, 4-year plan to take on OpenAI. Parent comment

Re:Anthropic’s $5B, 4-year plan to take on OpenAI by ninkendo on Tuesday April 11, 2023 @08:53AM (#35524456)
> can probably yield enough profit from spillover hype for investors to make their investments back.

The correct term for this is “pyramid scheme”.

[ Parent | on HN ]
Re:Anthropic’s $5B, 4-year plan to take on OpenAI by naillo on Tuesday April 11, 2023 @08:55AM (#35524475)
Nope
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Re:Anthropic’s $5B, 4-year plan to take on OpenAI by mc32 on Tuesday April 11, 2023 @09:00AM (#35524522)
No, this is more "everyone is selling X, let's get in the business of X". On the other hand, yes, some will miss the boat and lose money.
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Re:Anthropic’s $5B, 4-year plan to take on OpenAI by ninkendo on Tuesday April 11, 2023 @10:31AM (#35525706)
I interpreted “spillover hype” as meaning “more investors coming in in future rounds” (ie pyramid scheme), but it’s possible that’s not what the commenter intended.

But if early investors only profit due to late investors pouring money in, that’s by definition a pyramid scheme.

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