"Oh don't worry, AGI is coming soon and we'll solve that later" - AI founders
Yet they don't even know how long that is since no-one knows or it never happens. Mistakes in AI are costly and are very expensive.
What if their startup fails before the time arrives because they still cannot make any money and need to constantly raise VC money every week or quarter?
Again, there will only be 90% - 95% of these 'AI' companies that will fail with the 5% to 10% still around including the incumbents.