Quoting Dave Karpf

Inside every Silicon Valley company are two businesses. One is a business that attempts to sell products for more than it costs to make them. The other is a speculative stock, trafficking in vibes. So long as the latter doesn’t overshadow the former, that can be just fine. But (again ell oh ell), selling actual products in a competitive marketplace is for suckers and tourists. The real money, for the past couple decades, has been in vibes. If you want to get private-island rich, futurity is the name of the game.

The two wolves of AI startups.

https://davekarpf.substack.com/p/openai-has-an-unsubtle-communications

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