That was fun while it lasted ✨
"The AI companies have a few glaring issues:
- The technology doesn’t… work. Generative AI doesn’t do any of what they claim for it.
- Generative AI is ridiculously expensive. All of these companies are burning VC cash and not making a profit.
- End users loathe generative AI with the fire of a thousand suns.
"AI startups can’t make a profit selling a product —especially not a product that will let businesses fire most of their employees. This is only a dream.
"Offloading the AI startups onto public markets, an acquirer, or some other sucker is going to get dicier."
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