Remark Holdings’ Improbable AI Claims

  • The company claims it’s going to multiply revenues from its AI platform KanKan this year to $50M+, which would be a major breakthrough.
  • However, we come across numerous rather grandiose company claims which we, while not strictly impossible, find improbable nevertheless and contrast markedly with its financial history.
  • The shares do have some fallback value, (enough not to short) with several privately held assets like Sharecare and, although valuing these is far from straightforward.
  • When it sounds too good to be true, it often is. Invest only if you’re absolutely convinced their claims are legitimate.

Source: Remark Holdings’ Improbable AI Claims – Remark Holdings, Inc. (NASDAQ:MARK) | Seeking Alpha