Why not wind down the company and just launch the new AI infra venture separately? Didn't want to fill out the forms again? I can't imagine having the brand baggage of a failed apparel company is a benefit.
I think it is clear the whole AI market is absurd and filled with snake oil. My question is how long can the absurdity last? Perhaps forever. The stock market seems increasingly detached from reality and no one really seems to care.
There are ebbs and flows of absurdity, with the peaks being bubbly moments. I will never forget the fact that Dentacoin existed in 2017, and garnered attention for being a crypto token that you could use to pay your dentist. It's a multi billion dollar market! And the marketcap reached a $2 billion mark.
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