WTT: AI: Fundamentals, Valuation, and the Next Allocator Dilemma

This What Ted's Thinking, AI, Fundamentals, Valuation, and the Next Allocator Dilemma, takes on a high level assessment of AI companies as late stage private winners prepare to go public and the next big challenge allocators face as a result. I'm sitting in my classroom in disbelief. Five years of training in value investing and a year and a half at business school led me to a class called managing the market space. The old marketplace of revenues, margins, and cash flow driving shareholder value had suddenly been replaced by clicks and eyeballs. Shortly thereafter, I attended a wedding and sa