The hype cycle repeats again this time with AI. There will be a lot of noise and fury (after blockchain, nocode, big data, cloud etc etc). The good part is that consumers will vote with their attention and wallets. Only the products that bring real value based on non trivial insights into specific markets will survive. The rest will slowly die off and be forgotten.

Also a lot of the VC money just ends up going back to the big players that have monopolized the channels to reach customers and the systems to run those ‘businesses’.

Here’s a good overview of the scaling difficulties with AI: ‘Most AI systems today aren’t quite software, in the traditional sense. And AI businesses, as a result, don’t look exactly like software businesses. They involve ongoing human support and material variable costs. These traits make AI feel, to an extent, like a services business’ https://a16z.com/the-new-business-of-ai-and-how-its-differen...