An AI start-up with no staff, no premises, no cash and no offices has sold for $40bn.
The LA-based start-up went viral in a series of TikTok videos which resulted in the company being bought out. The videos are positive and uplifting stories about skateboarding kittens, rocket powered sailing boats, curing cancer, manned missions to other galaxies, and the simple joy of eating the cheesy snacks called Cheetos.
'These guys have created a whole new zeitgeist. It's awesome,' a Silicon Valley stoner told us.
Investment bankers are impressed at the price for a company with no discernable assets, but admitted that you had to be quick these days, or the competition would get there first.
As we went to press, the new shareholders were digesting rumours that the start-up may, in fact, have been a hallucination created by an AI, and were wondering if they might be able to get their money back.
Image credit: Wix AI
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