This seemed like an attractive story, a couple of years ago when the share price peaked over $300, with ideas of revolutionizing lending by using AI to get a better idea of credit risk than some of the primitive tools that have been around for decades. And that was when AI had not attracted much mainstream attention.

And now, it sometimes seems all we hear about is AI, with the idea that it will revolutionize all sorts of aspcts of our lives.

So why has Upstart done so poorly? Is it because AI has just not panned out that well? Or is it because it's just not that proprietary? If anyone can use AI, maybe Upstart's headstart doesn't really count for much?

Just thinking out loud, and wondering if people who follow the company more closely have any insights into why Upstart hasn't done better, and whether there is some reason to still be optimistic about this company.

dtb