I’m an AI software engineer and I predict that most AI startups being funded today will die::Here’s how to tell which ones could make it.
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.
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