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Exactly. Every startup these days is shoveling "AI" in their summary or description, trying to attract some VC money. Reminds me of the crypto/blockchain bubble
by dig1 3y ago
Exactly. Every startup these days is shoveling "AI" in their summary or description, trying to attract some VC money. Reminds me of the crypto/blockchain bubble a few years ago. Guess, Nvidia again was the main beneficiary :)
- arcticbull 3y agoMy favorite moment was when the Long Island Iced Tea company (a subsidiary of Long Island Brand Beverages, LLC) renamed themselves Long Blockchain Corp in 2017 causing their share price to quadruple. They then got de-listed by the SEC and several individuals were charged with insider trading. [1] [1] https://en.wikipedia.org/wiki/Long_Blockchain_Corp https://en.wikipedia.org/wiki/Long_Blockchain_Corp
- ToucanLoucan 3y agoThe entire tech sector is addicted to these hype bubbles. Previously they were for actually new things, things like the Internet, portable computers, the first smart phones, the first touch-screen smart phones, etc. Now we just get smaller and smaller iterations on previous products, and the marketing for these companies has no language for incremental, basic improvements so instead we're sold a phone that's 15% faster like it's the second coming of Christ, and for some reason, people keep falling for it. I've predicted already the AI hype train will crash into the wall of reality in more or less the same way the crypto one did, and then the grifters will move on to the next thing they can over-hype.