Yeah, there is a kind of hysteria regarding AI and it looks like traditional business fear that if they don't use it somehow they will perish. But there are so many traps here, such as your customers not wanting interaction with your "AI chatbots", the issues of quality (vide the Sports Illustrated scandal), and the question of whether your niche needs any "AI" at all.
what happened with the sports illustrated scandal?
> Only the products that bring real value based on non trivial insights into specific markets will survive. True, but this can easily take decades - vide Uber.
There's a frozen yogurt chain here that nobody buys from. But they take forever to close down. One of the conditions to opening a store is having years of warchest. Most don't close because of ego; they stay lean forever. A company that raises millions or billions? With tech, you can just fire everyone, shut down almost every server, and still keep running. Maybe that's what a lot of them are doing now. Some have lai…
Well, my experience is the opposite - the scheme you describe works if you get one lump sum upfront. But what normally happens is that investors are more careful and will gladly give you more money each year provided that you fullfill certain conditions (growth!). Sure, you can miss the mark a few times, but you have to at least pretend you are doing something - and firing everybody except the senior devops lead probably won't cut it.
I am noticing the same thing in recruiter messages via LinkedIn. "Hi! I'm with turd.ai! We are revolutionizing the toilet industry using chatbots! We have $80m in funding from a16z and can offer up to $275k for the right candidate!" It's nuts, the absolute dumbest-sounding ideas (to me at least), with "ai" slapped into the description somewhere, just totally flush with cash for no other reason than they are riding th…
Funny enough sewerAI is legit and predates the chatgpt moment