It's not that hard to predict, given that ~90% of startups fail.
https://blog.hubspot.com/the-hustle/how-many-startups-fail
It's not that hard to predict, given that ~90% of startups fail.
https://blog.hubspot.com/the-hustle/how-many-startups-fail
I’m not an AI software engineer and I could have told you that - not only is it true for all startups of any kind, but given the insane level of hype around AI, it’s obvious
AI is the new crypto. Idiots will be fleeced. Schemes will be hatched. Vaporware will vape.
In 2-5 years there will likely be some Intel- or Google-like companies with big controlling stakes in AI. Investing in the them then will likely be a good idea. Trying to figure out now which of the 61,000 AI startups will become them, and hoping to win the lottery in the process, is a fool's game.
Also a non-zero chance that AI itself is all vaporware and the "industry" fizzles out completely.
It will be higher for AI than other industries specifically because of the hype cycle.
I guess he could leave out AI. Most startup will die. There was a time they use to say 9 out of 10
No shit sherlock, most startups fail regardless of the industry.
The porn ones will probably make it
I'm a theoretical physicist and I can predict most dropped objects will fall to the floor
They're planning a numbers game, if one out of a thousand grows a thousand times as large, you're still money up
Is this a hot take? 99% of all startups die within the first few years.
What, you're saying startups (known to go bankrupt within months in most cases) will go bankrupt? I can hardly contain my gasps! What incredible insight. /s
Crashing open doors :
most business go bankrupt,
most innovations we try fail,
most of Nature's attempts are ludicrous.
Still ...we shall try again and again.
Imho, the only guys who have a chance to develop an AI for general use are those funded by Google, Microsoft or Elon. The Big Tech guys with deep pockets, who are prepared to burn cash for the long run. Others need to find their niche.
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