The investor hype in AI reminds me of the bitcoin hype around 2017. There is some real, promising tech, some real show- and usecases, but still ... Something's already off before it even started.
At this point I can't count the number of times I've heard someone say the equivalentof "VCs hyped toothpaste and orange flavored gravy. And now they're hyping sliced bread - they're the same thing!"
Stop deciding if something is good or not based on VC hype. Evaluate if the actual tech is good or not - if it does promise or not. Stop following VCs whims.
Let's discuss the company and product and not low effort and political AI comment in general.
The article is literally about the fundraising so the comments about the fundraising are more on topic than your pointless dismissal of them.
AI companies, on the other hand, ARE fairly different in the products they're offering. So while it can make sense to talk about the crypto world as a whole when on a thread about an individual coin, that makes less sense when discussing individual AI companies IMO.
How exactly would I even invest in AI right now as a layperson? It seems like any investments would be either just straight NVDA or Microsoft and hope they eat the world. Since I’m not an accredited investor.
The actual problem is the financial madness that's overtaken tech. Bitcoins is a great concept, having a decentralized system not owned by visa for doing payments across the planet would be a huge boon to a lot of people. But it drowned in how much money could be made by treating it as a financial investment. The same thing is happening with AI, and it's not the fault of AI itself as a tech. And frankly, all the comments about how "AI isn't all that, it won't be able to quickly upend every industry on the planet and make us billions" is a disappointing mindset to see. The hacker mentality has been replaced by middle-managers and financial experts.
Sorry for letting my cynicism show, it's pre-coffee, but you'll forgive me for thinking this time it'll be different. It might be, but we've heard that promise before and should be a) just as skeptical but also b) just as enamoured. If you missed out on the crypto boom (and subsequent bust), you've got some catching up to do in this cycles boom (and bust).