Rocket AI: 2016’s Most Notorious AI Launch and the Problem with AI Hype
medium.com
medium.com
If there were any term sheets offered to RocketAI, that would be different. It's completely unsurprising that VCs reached out to a company touted by top AI researchers, wanting a meeting.
Why did Google beat all the search directories? The latter used keywords on pages to figure out relevance, which was easily gamed by sites putting up thousands of keywords. Google weighed (still weighs) both the number of links and the quality of each referrer. The SEO vs search relevance war continues to this day, but PageRank gives Google a long term advantage.
The attractiveness of an investment has many variables with the two most important team quality and traction. Many VCs are on record saying they'll fund a pre-product company if the team is worth it.
If a number of high quality referrers are recommending the team, then the team quality variable might override the others. The hype's substance here was the referrer quality.
Since when has that stopped startups? /s
EDIT: note that VCs just contacted them. That is far from signing a deal.
First, which VCs? There is a very wide range. And second, which people at those VCs? A lot of associates will reach out speculatively whenever some company or project makes headlines, but there's a ton more diligence and vetting that would go into getting a partner meeting let alone all the way to an investment decision.
I see no reason the VCs shouldn't keep some technical experts on staff to make these kinds of evaluations.
Perhaps the VCs who reached out were reaching out so that their technical experts could learn about the product. If you can't find information about a startup anywhere, asking them is a great way to find out. Yet the implied attitude of the article and some comments here is that when VCs are missing a critical piece of information, they should just give up, rather than reaching out to gather that critical information. Am I missing something? Reaching out to a startup to gather more information sounds like typical VC hustle.
I think as people who know things about AI that other people don't, we need to be careful about using our knowledge to trick others and then feel smugly arrogant about their ignorance. My opinion, at least.
I do think it's funny that they spent around $600 bucks and got way more attention than they would have if they bought a NIPS sponsorship for 10k.
If you're building a new sneaker brand and you spend $1000 leveraging your contacts to get Drake wearing your shoes at a concert, it'll beat an orders-of-magnitude more expensive advertising campaign.
This should be a lesson to journalist, fan boys/girls and VC. Pay attention to reality.
(RIP 3/23/2016 nevar forget, #taken3soon)
http://i.imgur.com/QYvM2kp.jpg
"1998 – The untested AI is activated for the first time as one of the planned activities on Aperture’s first annual bring-your-daughter-to-work day. In many ways, the initial test goes well: Within one picosecond of being switched on, GLaDOS becomes self-aware. The "going well" phase lasts for two more picoseconds, at which point GLaDOS takes control of the facility, locks everyone inside, and begins a permanent cycle of testing."
Exploring the possible early components (DRN, GAN) that could lead cumulatively to AGI is not a joke. It's going to be more powerful than nuclear or bio weapons. Are those funny?
I guess I should apologize for not respecting how news2meme could be a stepping stone to AGI, and promise to be more austere in the future.
You don't even want to know what I'm doing with Reinforcement learning and flappy bird.
(I've seen people do flappy bird with reinforcement learning before, though)
Yes, I get that news2meme is supposed to be a joke.
But for me, it's just Jumping The Snark.