Artificial intelligence took center stage at this year's CES gadget show, but not always for the right reasons.
I don't understand how these investors think this shit is worth anything when consumers clearly don't want it.
But AI is the future! If you don't have AI in your product, you're behind competition!
Investors clearly live in a different world.
It's all greed and fomo
It’s a numbers game. If you invest in 500 AI startups, but one of them becomes the next Saudi Aramco, Microsoft, or Meta, it will easily cover all the losses.
Because they think their product will finally be the one consumers care about, and they don't want someone else to get there first.
Because they have so much money they are ok with a 90% fail rate.
It’s a risky investment.
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I don't understand how these investors think this shit is worth anything when consumers clearly don't want it.
But AI is the future! If you don't have AI in your product, you're behind competition!
Investors clearly live in a different world.
It's all greed and fomo
It’s a numbers game. If you invest in 500 AI startups, but one of them becomes the next Saudi Aramco, Microsoft, or Meta, it will easily cover all the losses.
Because they think their product will finally be the one consumers care about, and they don't want someone else to get there first.
Because they have so much money they are ok with a 90% fail rate.
It’s a risky investment.