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Baidu CEO warns AI is just an inevitable bubble — 99% of AI companies are at risk of failing when the bubble bursts (www.tomshardware.com)

submitted 12 hours ago by misk@sopuli.xyz to c/technology@lemmy.world

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[–] MajorHavoc@programming.dev 8 points 7 hours ago

If even 1% of their companies pay off, they make a profit.

I suspect they make a profit even when 0% pan out. They just need to find someone gullible enough to buy in at the peak, and there's a new sucker born every minute.