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"The actual approach is a perfectly reasonable business strategy" Only if the AI is going to work for sure. There was a UK company, SpinVox, they were big 10
by sonnyblarney 8y ago
"The actual approach is a perfectly reasonable business strategy"
Only if the AI is going to work for sure.
There was a UK company, SpinVox, they were big 10 years ago, they did voice recognition of your phone calls and sent you a text. They raised huge, like 100M pounds. Granted not AI.
Turns out they were doing most of their transcription manually with hopes of going automated.
It was a huge blow up, it boiled to fraud.
This is close to Elizabeth Holmes territory kind of storyline.
So it's possible to do as you say, but there needs to be transparency.
Also, AI is an approach, not a market ... so I think they're going to end up like transistors or some other kind of thing, the knowledge will be embedded within companies, and not so many pure AI companies.
- TomMarius 8y agoI don't think that there is a requirement of it working - just like there isn't a requirement of being successful. However you have to be honest to investors, which I assume they weren't and thus commited fraud.
- chestervonwinch 8y ago> Only if the AI is going to work for sure. On the other hand, I could definitely see this being used in mock-ups, just as you might populate some UI with "fake" data to illustrate proofs-of-concept. The transition between mock-up and working application might be fuzzy, and it's a lack of honesty/transparency in this transition that leads to murky territory like you say.