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I was at a meeting of a bunch of VCs a while ago (a couple of months). The principal partner of one of the larger funds said that they will now only consider in
by jacquesm 1y ago
I was at a meeting of a bunch of VCs a while ago (a couple of months). The principal partner of one of the larger funds said that they will now only consider investments that are AI related. Just to give you a data point, I'm not saying that that is a trend. But if that's a market representative you can't fault the supply side for adapting to it.
- deleted 1y ago[deleted]
- skeeter2020 1y agountil recently I worked in learning management systems (LMS) including the content creation, libraries and delivery. At a recent event with many VCs they all considered the learning space dead because AI was going to do it all. Don't hold your breath!
- jacquesm 1y agoThe one field that I have seen impacted more than just on the periphery is translation services. What was worth 20 cts (or even more, for niche stuff) per word not that long ago is now essentially free.
- layer8 1y agoIt’s why it’s called “stupid money”.
- hackable_sand 1y agoYou can always fault the supply side.
- jacquesm 1y agoNo, you really can't. You either are going to play ball or you'll simply not get funded. It's pretty dumb but that's the way it is right now, maybe they'll come to their senses again once the bubble inevitably bursts but that could be quite a while.
- ludicrousdispla 1y agoMy view on this now is that a company whose product or service is based on 'AI' is openly admitting incompetence in what should be their core competence. Or put another way, their competency relies completely on people not associated with the company.
- johnnyanmac 1y agoIt's 2025, so that's not exactly a shameful thing to admit these days. Sadly.