AI valuations are verging on the unhinged

Vibe coding, or the power to spin up a chunk of software program utilizing generative synthetic intelligence (AI) fairly than old-school programming expertise, is all the fad in Silicon Valley. But it surely has a step-sibling. Name it vibe valuing. That is the power of enterprise capitalists to conjure up huge valuations for AI startups with scant regard for old-school spreadsheet measures.