85% of AI Startups Will Be Out of Business in 3 Years, Major Investor Says

Artificial intelligence will shake up many professions, but many AI startups are likely to fail, as tech startups did during the dot-com bubble, a key VC investor says.

Honestly, the problem for investors right now is that if you’re just a straight sort of financial investor, and you’re looking at traditional metrics, those don’t exist.

These companies don’t have enough of a commercial track record [for investors] to even look at a financial statement. So you’re going to be really focused on … what is the track record of that person developing this similar technology within another organization and being successful?

You start breaking it down: [What] are the industrial applications? Are you AI for self-driving cars? Are you AI for marketing? Are you AI for medicine?

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