> Businesses are also shifting their focus away from “AI-as-a-service” vendors who promise to carry out tasks straight out of the box, like magic. Instead, they are spending more money on data-preparation software, according to Brendan Burke, a senior analyst at PitchBook. He says that pure-play AI companies like Palantir Technologies Inc. and C3.ai Inc. “have achieved less-than-outstanding outcomes,” while data scie…
Less than outstanding outcomes
Market cap is their outcome, not their clients' outcomes. The two are decidedly different things, especially in our weird distorted market.