This is supposedly what is causing trucking broker stocks to crash today:
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This is supposedly what is causing trucking broker stocks to crash today:
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Thursday’s rout was sparked by an update from tiny AI logistics firm Algorhythm Holdings Inc., which said its SemiCab platform in live customer deployments was helping its customers’ internal operations to scale freight volumes by 300% to 400% without a corresponding increase in operational headcount. Shares of the company soared 12%.Algorhythm, which had a market capitalization of less than $5 million before Thursday, previously operated as The Singing Machine Company, Inc. — selling karaoke products — until rebranding in 2024 as an AI logistics firm. The company reported less than $2 million in sales for the quarter ended September 30, with a net loss totaling nearly $3 million for the period.
"""(https://finance.yahoo.com/news/logistics-stocks-sink-ai-fear-193327489.html)
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This is supposedly what is causing trucking broker stocks to crash today:
"""
Thursday’s rout was sparked by an update from tiny AI logistics firm Algorhythm Holdings Inc., which said its SemiCab platform in live customer deployments was helping its customers’ internal operations to scale freight volumes by 300% to 400% without a corresponding increase in operational headcount. Shares of the company soared 12%.Algorhythm, which had a market capitalization of less than $5 million before Thursday, previously operated as The Singing Machine Company, Inc. — selling karaoke products — until rebranding in 2024 as an AI logistics firm. The company reported less than $2 million in sales for the quarter ended September 30, with a net loss totaling nearly $3 million for the period.
"""(https://finance.yahoo.com/news/logistics-stocks-sink-ai-fear-193327489.html)
@itamarst why does it all have to be so _stupid_
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@itamarst why does it all have to be so _stupid_
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@itamarst why does it all have to be so _stupid_
@glyph On the plus side the Bloomberg reporters are clearly enjoying their job today.
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@glyph On the plus side the Bloomberg reporters are clearly enjoying their job today.
@itamarst we seriously need an "AI Is Going Just Great" but Molly seems pretty busy with her existing work
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@itamarst why does it all have to be so _stupid_
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This is supposedly what is causing trucking broker stocks to crash today:
"""
Thursday’s rout was sparked by an update from tiny AI logistics firm Algorhythm Holdings Inc., which said its SemiCab platform in live customer deployments was helping its customers’ internal operations to scale freight volumes by 300% to 400% without a corresponding increase in operational headcount. Shares of the company soared 12%.Algorhythm, which had a market capitalization of less than $5 million before Thursday, previously operated as The Singing Machine Company, Inc. — selling karaoke products — until rebranding in 2024 as an AI logistics firm. The company reported less than $2 million in sales for the quarter ended September 30, with a net loss totaling nearly $3 million for the period.
"""(https://finance.yahoo.com/news/logistics-stocks-sink-ai-fear-193327489.html)
@itamarst a system this easily gamed running our whole economy, we may have biffed this one
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