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> "AI" isn't nearly as developed or useful as the amount of VC money being dumped into it. That's the entire point of VC though - VCs don't put money into regu
by cryptoz 9y ago
> "AI" isn't nearly as developed or useful as the amount of VC money being dumped into it.
That's the entire point of VC though - VCs don't put money into regular roads or into normal houses, as these things have already got their usefulness determined and we know they're darn useful. VCs pump money into things that look like they could use a few billion dollars to get developed and ready for the mass market. AI fits that perfectly according to your description.
VCs who put money into things that are already proven are VCs who are missing out on the Next Big Things. "AI" will become fully developed largely using the money that VC is putting into it.
- aje403 9y agoCompletely agree. These are intelligent people who have done their research and are now making an informed bet. Whether or not their investment was justified remains to be seen.
- wufufufu 9y agoGood point. My issue is that when I hear that a startup is AI-focused, that means they're just implementing something with machine learning (and possibly unnecessarily). These startups generate a lot of hype, which I believe is unwarranted. I imagine Google researchers are working towards advancing AI techniques and knowledge more generally, not trying to disrupt some industry with existing machine learning techniques.