It's because their AI algorithms predicted price movements and they lacked any statistical competency to understand their own predictions. AI is no crystal ball. These tech companies are delusional.
YUUUUUP they said as much on the earnings call after the news. they werent capturing the wild price appreciation, so they adjusted their algorithm and ended up way overshooting it. pretty wild for the biggest listing platform to say that
It's because their AI algorithms predicted price movements and they lacked any statistical competency to understand their own predictions. AI is no crystal ball. These tech companies are delusional.
YUUUUUP they said as much on the earnings call after the news. they werent capturing the wild price appreciation, so they adjusted their algorithm and ended up way overshooting it. pretty wild for the biggest listing platform to say that