Technology

It's not based it's just that every investor can see that AI has no actual profitable future. Also no one wants to have anything to do with the company run by Elon Musk, he has nothing to contribute and tends to spend his entire time generating bad PR.

These are what we call financially sound decisions.

ngl if AI dies i hope we get more ethical models, open-weight models (mostly) solve this, but it would be cool if it was trained only on public domain.

While I love the sentiment; I'm reading this decision by S&P as just about not bending their rules. AI is not thriving fast/convincingly enough to break tradition of big finance; I don't think that makes S&P an ally. And I suspect this means they'll just be joining a bit later.

Lololololol the president of my company went full AI shithead recently and he posted how it was a big deal that they were going public and he was talking about how he see it as a great investment to purchase shares and I asked how it was a great investment to get shares of a company severely in the red and my comment got deleted in a few minutes

Edit: we also got claude code for everyone in the company and they are monitoring token use (as in we need to use a lot) and I asked if they were concerned that the token price would rise if the board of directors of anthropic suddenly wanted to make a profit and that comment also got deleted (this was in a virtual townhall so we can ask stuff, usually they just ignore the ones they don't want to answer but they were actually deleting them this time)