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I'm an AI software engineer and I predict that most AI startups being funded today will die
(www.businessinsider.com)
this post was submitted on 15 Jul 2023
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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.
I thought you were comparing their utility as technologies and I was going to disagree, but as investment opportunities you have a good point.
It will be higher for AI than other industries specifically because of the hype cycle.