No. of Recommendations: 4
If you can insert the meme of "AI" into your description, people will pour money into your threshold. It is clear (to me, at least) that the majority of the pure AI (software) companies will not survive the next few years. None are making money (in that division, if a broader company like Meta, Amazon, Google, etc. - in which case it is simply a drag on their current profits).
One thing that seems to be different is the amount of money. I don't have any stats, but back in the dot.com era it seemed like early investment rounds were in the low millions of dollars, with maybe tens of millions in the later rounds.
With AI it is more like tens of millions in the initial rounds and up to billions, even tens of billions, in the later rounds. And that doesn't include what the tech giants are all spending directly.
