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> The argument seems to be that they've realized the only way to achieve the next round of funding is to be "AI-first".

This is the argument for virtually every company going AI-first: it's just a way to scam VCs.

It seems crazy but it really works.

Is it really scamming VCs, if they're the loudest cheerleaders for AI?

I mean yeah but in a way it's kinda like a legalised pyramid scheme

And we wonder why the tech industry has lost the trust of the public.

Where could it have gone?

Selling ads.