3 ms·
Investors don't "believe" in AI anymore than they "believed" in crypto. But they can smell a bubble, and hope to bail out at the top.
by jacobsenscott 4y ago
Investors don't "believe" in AI anymore than they "believed" in crypto. But they can smell a bubble, and hope to bail out at the top.
- mjr00 4y agoThey'll never admit it now, but a lot of investors genuinely bought into crypto and blockchain bullshit. That doesn't change that their plan was to bail at the top (isn't that what VCs do normally?), but many of them really thought that crypto had a chance to eat into Visa/MC's market share, or that blockchain would somehow "solve" supply chain, identity management, etc. The idea that crypto/blockchain investors knew all along it was a ponzi/pyramid/casino/scam/whatever-you-want-to-call it is revisionist history.