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Share price numbers for the Hugging Face incident - Marginal REVOLUTION

marginalrevolution.com · 347 words · saved by 1 readers

…major publicly traded cybersecurity firms lost roughly $65–80 billion, or about 8–10% of their combined value, in the days following disclosure of the Hugging Face/OpenAI incident; by early September they had recovered roughly $58 billion, representing about 70–90% of that drawdown, depending on whether July 15 or July 20 is used as the pre-event baseline. […]

…major publicly traded cybersecurity firms lost roughly $65–80 billion, or about 8–10% of their combined value, in the days following disclosure of the Hugging Face/OpenAI incident; by early September they had recovered roughly $58 billion, representing about 70–90% of that drawdown, depending on whether July 15 or July 20 is used as the pre-event baseline. That is from GPT Pro, there is more at the link. As a very rough approximation, say you dismiss the price bounceback altogether as either random or due to good earnings reports. You have “the value of previous cybersecurity efforts”…

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