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My guess (paywall): they wanted to drive up demand for their existing investments in AI. In other words, the bubble didn't eat Y combinator, Y combinator did it
by j2kun 1y ago
My guess (paywall): they wanted to drive up demand for their existing investments in AI. In other words, the bubble didn't eat Y combinator, Y combinator did it to themselves on purpose.
- altairprime 1y agoAI, if it pans out, allows VC gambling to succeed with fewer dollars due to downward pressure on total demand and total pay for workers, specifically annd especially skilled engineers without leadership qualities.