It only takes a pebble to start a landslide.
Most pebbles don't start landslides, but almost all landslides started with a pebble.
Remember that almost all the "value" in AI companies right now is based on perception, not reported profits.
Pets.com became the emblem of the dot com bubble. Obviously there was a fortune to be made in online retail but they didn’t have it
Will c.ai be the pets.com of this bubble?
So Character.ai is Jay Cooke & Company ? ;-)
https://en.wikipedia.org/wiki/Panic_of_1873