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There's an important difference here in that AI company is basically a new market. If 50% of Mexican restaurants or low-cost database companies that start this
by Avshalom 3y ago
There's an important difference here in that AI company is basically a new market. If 50% of Mexican restaurants or low-cost database companies that start this year go out of business by 2026 it doesn't matter much because there's a pre-existing mass of them. If 85% of AI startups go out of business by 2026 that's basically 85% of ALL AI companies.
- varelse 3y ago[dead]
- halfcat 3y agoOn the flip side, also consider low barrier to entry as drastically inflating the denominator. The cost to start an “AI company” is virtually zero. The reason “99% of day traders fail” isn’t because day trading is harder than being a doctor.
- slowmovintarget 3y agoIf, last year, we had seen a headline that "85% of all Blockchain Startups Will Be Out of Business in 3 Years" I don't think anyone would be shocked at that prediction.