From Breakingviews - Artificial intelligence out-buzzes the blockchain
that the company run by Jonah Peretti is going to use OpenAI, creator of the ChatGPT chatbot, to power its quizzes and listicles. It’s a welcome boost for the $300 million company, whose stock price has been in the dumps since itwith a blank-check firm in 2021. If past trends are any indication however, the giddiness is likely to be short-lived.
The blockchain once had a similar potency that caused shareholders to go gaga. In 2017 shares in beverage company Long Island Iced Tea almost quadrupled in value after itas Long Blockchain. The excitement faded and the company eventually de-listed four years later. In the internet craze of the late 1990s, companies enjoyed a stock price boost by adding “dot-com” to their nameplate. But the moniker quickly became anCapital Calls - More concise insights on global finance:
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