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What happened to Element AI? That was $100M up in smoke.. Also, the government is pushing some kinda harsh AI regulations at the same time. It's kinda counter
by morkalork 3y ago
What happened to Element AI? That was $100M up in smoke..
Also, the government is pushing some kinda harsh AI regulations at the same time. It's kinda counter intuitive.
- amitdeshwar 3y agoBought by ServiceNow. https://www.servicenow.com/company/media/press-room/servicenow-to-acquire-element-ai.html https://www.servicenow.com/company/media/press-room/servicen...
- morkalork 3y agoYes, I know. What I mean is: How did the AI darling of the country, headed by one of the biggest names in AI, with a $100M warchest totally blow it and up getting pawned off to Service Now?
- amitdeshwar 3y agoI'm not an insider, but as far as I can tell they never had a vision or a strategy, so ended up just doing "AI" consulting for random enterprises. Surprise, surprise that wasn't a path to a successful business.
- morkalork 3y agoI guarantee you the exact same insiders are lining up for, and will get first dibs, on the announced investments. After all, they've got industry experience!
- strongpigeon 3y agoThis reminded me of Element AI as well. I happen to know someone who worked there for a while who said that the people there seemed much more interested in publishing press releases than creating sellable products…