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S&P 500 rejects SpaceX, also blocking entry for OpenAI and Anthropic
(arstechnica.com)
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this post was submitted on 06 Jun 2026
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from the investment perspective, they've been losing a lot of money, and they still don't have a way to make it back
from the technical perspective, llms probably already reached their peak, and they are still far from reliable in many use cases
also a disaster for the environment and the culture, the growing sentiment is: fuck all this
and yet they do
i'd say it has been normalised, but in the famous cases of amazon and uber, they needed to destroy a "traditional" industry first (aka disrupt), but for chatbots, they need to invent the market first
also, usage depends on reliability. what's the point of using a tool that's wrong 10% of the times? you have to check every answer. it doesn't matter as much in a casual environment, but that's not a 10% of the gdp kind of industry
as long as some people are willing to invest billions to keep the bubble growing, but when someone big enough pulls out, it will collapse
holy condescension batman
i'm sorry, i didn't realise i'm talking to a prompt engineer
well i wouldn't rely on not expecting one
also, piss off, nobody wants a crash, we will pay for it, after they bail their idiot friends out