Over the last three years, companies worldwide have invested between 30 and 40 billion dollars into generative artificial intelligence projects. Yet most of these efforts have brought no real business…
It helps to understand the whole business model as pump and dump schemes. VCs invest in a start up, and their goal is just to get it to the next round of funding where they can cash out, or get it to the IPO stage where the stock will jump and they can sell it off at a huge profit. So, the idea is to just create Potemkin villages that look good on the surface and some sucker might dump more money into.
It helps to understand the whole business model as pump and dump schemes. VCs invest in a start up, and their goal is just to get it to the next round of funding where they can cash out, or get it to the IPO stage where the stock will jump and they can sell it off at a huge profit. So, the idea is to just create Potemkin villages that look good on the surface and some sucker might dump more money into.