85% of AI start-ups will fail within 3 years.

[mvdheuvel1983]

This is an opinion piece. 85% of AI start-ups will fail within 3 years. Link to article. That's what they have said. But what do we think. We use the internet everyday and may even be using one or two AI tools to help us become organized, productive and efficient. Hundreds of AI start-ups are spring up everywhere everyday - while some are jumping in without due diligence some, some are doing it for the money while some others what to make an impact. The AI startups boom is compared to the dot-com bubble where a lot of them failed. Some AI start-ups are: Open AI, Frame AI, Jasper, Drafter AI, Smartly.ai.
What do you think, are we experiencing an AI startup boom like the dot-com bubble? And do you think that 85% of them will fail within 3 years?

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[Wiwo]

Snip~

On a personal note,  I don't see any future in AI development most especially when and where it usage are limited,  and I don't equate any credence to AI project since I have the mindset of it result being hot generated and doesn't pass through if put into real time usage unless it results and data are subject to human contributions for accurate results.

But at this point, AI is trying to prove itself to be independently functional void of human interference and this assumption is what will lead to the fail of AI development in the shortest time,  because AI is gradually losing it popularity.

[panganib999]

This is an opinion piece. 85% of AI start-ups will fail within 3 years. Link to article. That's what they have said. But what do we think. We use the internet everyday and may even be using one or two AI tools to help us become organized, productive and efficient. Hundreds of AI start-ups are spring up everywhere everyday - while some are jumping in without due diligence some, some are doing it for the money while some others what to make an impact. The AI startups boom is compared to the dot-com bubble where a lot of them failed. Some AI start-ups are: Open AI, Frame AI, Jasper, Drafter AI, Smartly.ai.
What do you think, are we experiencing an AI startup boom like the dot-com bubble? And do you think that 85% of them will fail within 3 years?

I think there's basis as to why this is the case. For one, the AI industry is not only infantile to the point where not a single one of these companies have made a relatively perfect form of artificial intelligence, and I doubt this would happen within our lifetimes but this apparent immaturity of the industry makes all of these companies try out stuff that would linger to the public. Think of it as the smartphone era with all the wacky features that old phones used to have like projectors and even infrared cameras, but with AI and for the most niche use-case.

Besides that, AI uses so much computational power it's astonishingly stupid. Like the power it takes to just run ChatGPT takes its creators millions of dollars per week (correct me if I'm wrong) just to make sure everything is neat and working. And since startups solely rely on pooled funding and I guess crowdfunding as well, you better believe they couldn't and wouldn't be able to deliver what they promise, which obviously leads to their downfall.

[tabas]

I do think that it will happen. Well, I have been looking at the other industries startup market and seen that many have closed down already and when the market is too saturated for these AI/tech startups, for sure that many of them will have to close down because of how crowded the market is. 3 year span of time I think is already enough and we'll see that many of these will either continue and try to survive or will flourish and then the others to decide to close down. One thing is for sure with technology, these that are currently seeing to be amazed with their development. If they don't do better in the upcoming years, they may be obsolete and a newer tech will come.

[Nwada001]

I have not used any of the mentioned AIs before; in fact, I don't actually know what the main purpose of any of them is. But AI or not, one thing is sure about projects: if they don't have a good use case, they will definitely fail. If their use is out of line, then they will fail. The world is developing every now and then, and if you, as a project owner, are not upgrading your project to match the trends and things that the world actually needs, then the only thing you should expect is failure.

[robelneo]

What do you think, are we experiencing an AI startup boom like the dot-com bubble? And do you think that 85% of them will fail within 3 years?

There's a big probability it just depends on who funded and develop these AIs' I don't think Microsoft after funding their AI for $10 billion will be out of business as they are one of the pioneers, we have an AI now, and because so many industries are being helped to cut their losses.

Based on the article the AI creator who are likely to go out of business are small starts that take the opportunity to come out with their own AI for profit, we expect the technology giant like Google and MSN to beat and swallow these small developers, so yes I agree with the article.

When there is a trend and there is an opportunity on that trend expect companies and developers to take a shot at it, but in the end, if the big companies concentrate on it, they will emerge as the winner, while small companies will have to step down and enjoy their profit.

[joniboini]

I read the article and I can agree on some points. They mentioned two main reasons why start-ups will fail, either running out of cash or getting bought by big players. Keep in mind that they specifically talk about AI start-ups, not the AI industry itself. If they define it that way then yeah, most of the start-ups will fail.

If their use is out of line, then they will fail. The world is developing every now and then, and if you, as a project owner, are not upgrading your project to match the trends and things that the world actually needs, then the only thing you should expect is failure.

Marketing is also playing a huge part nowadays. You can see how some meme coins explode without having any different use case, for example, I believe the same thing will happen in the AI market. I mean, a smart chatbox is not exactly new, just that they become popular recently due to marketing and trend. CMIIW.

[Nwada001]

Marketing is also playing a huge part nowadays. You can see how some meme coins explode without having any different use case, for example, I believe the same thing will happen in the AI market. I mean, a smart chatbox is not exactly new, just that they become popular recently due to marketing and trend. CMIIW.

Yes, marketing will only take them to the top and bring in investors and buyers, but that can't keep them there forever. As soon as the hype of those huge marketing influences dies down, you will see those projects drop drastically because they lack everything it takes to be in those positions. Let's take a good look at some NFT projects back then and where they are right now, as well as a few meme tokens like you have mentioned.

[rat03gopoh]

Those who would be the first to leave the room were the group that had come just to have fun with the Ai machines. However Ai have their own future for the people who have an interest in their use although only a few will remain because they have been the pioneers of their kind. For example, ChatGPT is a sophisticated answering machine, midjourney is a translator of thoughts into images, etc.

[xSkylarx]

The article really has a point because it is still a business. If we look at it from a bigger perspective, those big companies will really try to acquire those start-ups right now and implement them on their own, which we mostly know will either fail as there is new management or it will just go away. AI really requires a huge budget in the long run, and if that start-up company does not have a huge budget over time, they will go bankrupt. Though AI itself will be in demand for sure in the future, big companies will really take part in it.

[Yamane_Keto]

I read that countries have begun to organize fields of AI and how to share data among themselves, so it does not seem that this field will be a bubble, but rather it exists and will have a future.

As long as the field exists and it will have a future, the companies in it will inevitably continue, but with the lack of funding and the multiplicity of these companies, I expect that technology giants such as Alphabet, Google, Microsoft, Apple, etc. will dominate the market by buying these small companies or bankrupting others.
I will quote from here that there are 199,983 companies that went bankrupt in Europe because of the energy crisis in 2022.

https://bitcointalk.org/index.php?topic=5452614.msg62238781#msg62238781

https://www.creditreform.de/fileadmin/user_upload/central_files/News/News_Wirtschaftsforschung/2023/Insolvenzen_in_Europa/2023-05-11_AY_OE_Analyse_EU-2022.pdf

the bankruptcy of companies is not important as long as the industry provides a benefit to humanity.

[wxa7115]

This is an opinion piece. 85% of AI start-ups will fail within 3 years. Link to article. That's what they have said. But what do we think. We use the internet everyday and may even be using one or two AI tools to help us become organized, productive and efficient. Hundreds of AI start-ups are spring up everywhere everyday - while some are jumping in without due diligence some, some are doing it for the money while some others what to make an impact. The AI startups boom is compared to the dot-com bubble where a lot of them failed. Some AI start-ups are: Open AI, Frame AI, Jasper, Drafter AI, Smartly.ai.
What do you think, are we experiencing an AI startup boom like the dot-com bubble? And do you think that 85% of them will fail within 3 years?

Just 85%? the majority of the projects related to AI are being released just because of the popularity ChatGPT got, and while there are many investors out there which will be willing to invest in them, what is their use case? Now ChatGPT has without a doubt a use case but we do not need hundreds of copies doing the same thing.

So unless one of those projects is significantly better than ChatGPT then I do not see them getting the attention of the general public, which means those projects will eventually disappear.

[Gyfts]

Majority of businesses fail within five years. For tech related firms it isn't a flaw that most of them fail, it's part of the inherent design.

These companies secure investors and get through initial rounds of funding to produce something tangible -- they develop a profitable business model and hope to gain enough revenue to be profitable in a 3 year period. If they're not profitable enough to secure more investment, then they go under. End goal for a lot of these businesses is to be bought out by a larger tech firm or license out the technology. These companies exist as R&D vessels. VC's will essentially gamble on these companies and hope they run through enough of them that they eventually stumble on a winner. They're not walking in with the expectation that the company will exist over a decades time.

[bayu7adi]

In the realm of AI, there shall emerge a few victorious and invincible entities, bestowing their benevolent impact upon the public. The majority shall falter, finding no users in their midst. This moment marks the precipice of the AI explosion, for there are still countless developers eager to explore this industry, while the public remains in the testing phase. Within a span of 2 or 3 years, the public shall instinctively discover the platforms most suited to their individual needs. It shall become evident which AI platforms are futile, and undoubtedly their numbers shall surpass those that endure.

Yet, in my recent observations, emerging AI technologies consistently venture into uncharted territories untouched by their predecessors. While some may choose to compete by delving into the same sectors, such instances remain few. It is conceivable that we await a slightly longer period for each sector to witness the emergence of two or more competitive platforms.

[Furious 7]

What do you think, are we experiencing an AI startup boom like the dot-com bubble? And do you think that 85% of them will fail within 3 years?

AI is currently still in a very high hype regardless of what will happen in the future, they are currently really very popular, but indeed technology is changing more and more and it can be said that this is like a prototype to pave the way towards a more sophisticated future. will come.
Regardless of whether they will fail or not, in the end, this must also continue because indeed, with this condition, systems in technology continue to develop and even if they fail in the end, there will definitely be something new again and again in the future, one might even say that it tends to be more sophisticated. than this.
What I'm worried about with this condition is not about how this AI startup failed but whether we really can still be able to keep up with this because indeed if we are left behind then we definitely won't be able to continue to adapt and that is very worrying.
I prefer to worry myself about dealing with technology like that because the longer it seems, I really feel that we have to keep trying to keep going and adapt better to the current technological sophistication.

[jrrsparkles]

This is an opinion piece. 85% of AI start-ups will fail within 3 years. Link to article. That's what they have said. But what do we think. We use the internet everyday and may even be using one or two AI tools to help us become organized, productive and efficient. Hundreds of AI start-ups are spring up everywhere everyday - while some are jumping in without due diligence some, some are doing it for the money while some others what to make an impact. The AI startups boom is compared to the dot-com bubble where a lot of them failed. Some AI start-ups are: Open AI, Frame AI, Jasper, Drafter AI, Smartly.ai.
What do you think, are we experiencing an AI startup boom like the dot-com bubble? And do you think that 85% of them will fail within 3 years?

There is no wonder if that happens and that's how every business model or evolution in the technology has been. For example bitcoin is being the most successful cryptocurrency while thousands of others tried to replicate the same success of Bitcoin but none of them came close to it.

Majority of the business will fail in the first two years and only which is having enough capital to survive those hard days, popularity behind their name, successful marketing and lots of others can keep them in a race.

[Rruchi man]

What do you think, are we experiencing an AI startup boom like the dot-com bubble? And do you think that 85% of them will fail within 3 years?

85% of them may fail because there will be other AI technology to quickly become a preference if these present AI's fail to meet up to usage.

 These AI's that are already in existence will become prototypes for these new AI's to build from and offer something better so many will fail and stop being used unless they become better.

AI technology is the future and from what already exists presently, this technology can only get better and technology progresses.

[dimonstration]

What do you think, are we experiencing an AI startup boom like the dot-com bubble? And do you think that 85% of them will fail within 3 years?

The percentage is very harsh but I think they have a point since most of the startup is just a copy cat project that just want to benefit on the AI hype. It’s same scenario when NFT, DeFi, Meme coin and other trend in crypto space that got wipe out after 3 years more or less.

Elon invested huge money on an AI project which means there’s a real project that will dominates them all in the future while this mediocre AI project is just writing a whitepaper with zero work done.

[isaac_clarke22]

This is an opinion piece. 85% of AI start-ups will fail within 3 years. Link to article. That's what they have said. But what do we think. We use the internet everyday and may even be using one or two AI tools to help us become organized, productive and efficient. Hundreds of AI start-ups are spring up everywhere everyday - while some are jumping in without due diligence some, some are doing it for the money while some others what to make an impact. The AI startups boom is compared to the dot-com bubble where a lot of them failed. Some AI start-ups are: Open AI, Frame AI, Jasper, Drafter AI, Smartly.ai.
What do you think, are we experiencing an AI startup boom like the dot-com bubble? And do you think that 85% of them will fail within 3 years?

It's going to be like those scenarios here in my area where almost every coffee shop are popping up here in my country. Right now, hell like I know if there would be AI writers here in my area within few years, but I know surely that those startups aren't gonna last long.

The competitions is just so fierce that I don't even know what brand would I prefer, lol. I do have a gut feeling that there would be a leading brand for these though, just like how popular ChatGPT became and it became a well-known interactive AI while back then we all have CleverBot.

The percentage is very harsh but I think they have a point since most of the startup is just a copy cat project that just want to benefit on the AI hype. It’s same scenario when NFT, DeFi, Meme coin and other trend in crypto space that got wipe out after 3 years more or less.

Oh yeah, those old hypes that just died down. This is a bit different scenario though since it affects not just crypto but every single non-crypto businesses as well.

[dothebeats]

If the current AIs they are using won't be updated any time soon, they will probably see a huge decline on the efficiency and effectivity of the tools that they are using and will probably be replaced by even more efficient and effective startups with the updated AI tools. I think the game isn't creating the best startup with the AI tools available, but rather knowing how to maintain, update, and develop AIs that you could sell to people who are looking for these tools. 3 years is already an ample time to learn how to do just that given the amount of resources we have available right now. There are no longer excuses that are acceptable if you want to take advantage of the AI boom.

[BenCodie]

They will probably all merge into one suite that is controlled by one very powerful and rich entity. The .com bubble included many fads that varied in themes, they couldn't really come together under one company or umbrella. Each were their own company on the internet. AI on the other hand, are all AI. Mergers will be frequent to remove competitiveness and increase collective work, rather than knocking each other out. It's not a competition to build a product first, it's a collective effort to improve the same thing. Quite interested to see how it plays out!

[Unbunplease]

They will probably all merge into one suite that is controlled by one very powerful and rich entity. The .com bubble included many fads that varied in themes, they couldn't really come together under one company or umbrella. Each were their own company on the internet. AI on the other hand, are all AI. Mergers will be frequent to remove competitiveness and increase collective work, rather than knocking each other out. It's not a competition to build a product first, it's a collective effort to improve the same thing. Quite interested to see how it plays out!

It is unlikely that all this will combine into one big package, because the owners are all different, after all. Yes, in the end only a few will survive - so it is very risky to invest in such projects (in fact, most projects give similar results, so it all depends on the ability to present themselves)

[flyingcarpet]

This is an opinion piece. 85% of AI start-ups will fail within 3 years. Link to article. That's what they have said. But what do we think. We use the internet everyday and may even be using one or two AI tools to help us become organized, productive and efficient. Hundreds of AI start-ups are spring up everywhere everyday - while some are jumping in without due diligence some, some are doing it for the money while some others what to make an impact. The AI startups boom is compared to the dot-com bubble where a lot of them failed. Some AI start-ups are: Open AI, Frame AI, Jasper, Drafter AI, Smartly.ai.
What do you think, are we experiencing an AI startup boom like the dot-com bubble? And do you think that 85% of them will fail within 3 years?

I agree that a certain percentage will fail, but some of the AIs that will succeed will be more effective than they are now.

The part I'm interested in is that it's a good thing that AI can help people in many areas. They are especially useful for subject research or quick access to information.

New AIs are being introduced every day. Many of them are useless. Moreover, it is very difficult to get efficiency from AIs that are offered for a fee. They will be much more effective when certain restrictions are removed, but as you say, most of them will fail. I can only add that, differently, some will succeed and there will be a really big service area.

[Dickiy]

What do you think, are we experiencing an AI startup boom like the dot-com bubble? And do you think that 85% of them will fail within 3 years?

The explosion in AI startups has been going on since AI appeared and for the Beta version, everyone will take advantage of it until finally the paid version is implemented. In terms of what the future will look like and what is the role of a Startup that must have everything that is needed by workers. For example, currently there are several jobs that have taken advantage of this technology which has an impact on the unemployment rate increasing drastically. The company employs 10 people who can control the computer. Automatically the explosion of AI startups will only affect certain jobs, so there are still sectors that can be utilized by humans outside of AI technology.

[Hamza2424]

Ai a very powerful technology has the ability to completely change the thinking point of view, some people call it the greatest revolution in IT for automation and some of them call it dangerous by all means. Because this is not a type of technology that relies on the user it is self-operated so we behave/change according to AI rather than AI behaving according to us.

My greatest concern about Ai startups and future potential is that this is gonna be disastrous in the term of misinformation because most of the time we spend scrolling, and reading analysis online and this is not good because our perspective modeling is going to be done by that information. It is dangerous because it knows about us more than ourselves.

[coin-investor]

Maybe less than three years, we are in the age of AI, so many AI is in our midst and they are competing to be the top AI in the industry this is serious competition because the big online companies are behind it, Google and Microsoft are leading the pack in this race and the AI that will likely be out of the race are those who cannot keep out of the competition because of lack of promotion.

When you have the biggest name in the industry in the competition, expect them to swallow small developers and companies, the name of the game is the reputation and stability of the company behind the maker.

[Fiatless]

This is an opinion piece. 85% of AI start-ups will fail within 3 years. Link to article. That's what they have said. But what do we think. We use the internet everyday and may even be using one or two AI tools to help us become organized, productive and efficient. Hundreds of AI start-ups are spring up everywhere everyday - while some are jumping in without due diligence some, some are doing it for the money while some others what to make an impact. The AI startups boom is compared to the dot-com bubble where a lot of them failed. Some AI start-ups are: Open AI, Frame AI, Jasper, Drafter AI, Smartly.ai.
What do you think, are we experiencing an AI startup boom like the dot-com bubble? And do you think that 85% of them will fail within 3 years?

What do you expect from an industry that is not regulated by any agency? Every day new AI tools are coming up with different products that were not verified by any regulatory agency. As the market keeps expanding quality products will be identified by clients and it will receive high patronage. The companies will make a profit that will help sustain the business for a long time. On the contrary low-quality product will not get many customers and they will slowly disappear from the market.

More established AI companies that have solid financial bases will gradually use different marketing strategies to outsmart competitors and push them out of business. Small artificial intelligence firms will have no other options but to sell their forms to these bigger companies or be forced out of the AI business.

As the Ai industry keeps expanding the government will be forced to make policies that will regulate its activities and products. I read an article where the creator of advanced chatbot ChatGPT Sam Altman called on US lawmakers to regulate artificial intelligence (AI). He believes that AI will be beneficial to the world but it could be dangerous if not regulated. When the government comes up with regulations most of these ai forms will not be able to meet some of the requirements which will result in a collapse.


https://www.bbc.com/news/world-us-canada-65616866.amp

[hatshepsut93]

What do you think, are we experiencing an AI startup boom like the dot-com bubble? And do you think that 85% of them will fail within 3 years?

I don't doubt that a lot of them will fail, because people are just trying to throw AI at every problem possible, and there's a lot of unhealthy hype, and people generally don't understand the capabilities and limitations of AI. But I'm not sure if we're on the level of the dotcom bubble yet or will ever be. Perhaps the investors have learned from the dotcom bubble and try to apply some skepticism instead of throwing all their money at the new thing.

[Dr.Bitcoin_Strange]

If there is one thing I've learned since I joined the crypto world, it's nothing but "trend". In the crypto world or technology industry, there is always a trend for some new tech after the original source has been produced or built. I will not doubt that many AI projects will fail after a few years of existence, because normally most of them now or some of them that are yet to be launched may have some shady intent, and after they have really archived their purpose, they will come up with some new ideas and collapse.


Cheers 🥂, Dr.Bitcoin_Strange 👺👺

[kryptqnick]

Sometimes it's somewhat hard to assess failure. For example, did we see a crypto market dot-com bubble? Many altcoins lost their value, sure, but many are still worth much more than their ICO price level was, even if we're talking about projects that didn't deliver on their big central ideas. So what will constitute a failure of the AI market, how will we assess that? Also, it's just an opinion of one guy, based, it seems, on zero evidence. And, that 85% includes those bought out by bigger brands, but I think shouldn't be considered 'out of business'.

[makishart]

That's pretty much the same as another bubble that already appeared before and then gone. AI is not a good business for the long term. We didn't actually need any startup to create AI. The problems are if those who were making AI project based on the hype are only looking for funding from the investors. It's very hard to generate profit from developing AI. They were only developing the same prototype as openAI did.

There's nothing new in their product. It's only repetitive projects for the different person that were looking for money. The article was also pointing the main point if funding will be also determining the winner.
It's caused by the big companies have lots of fun to develop it for the long term while start up was only following the bubble.

I would say more than 90% will die in the future. It's pointless to have so many ai projects.

[vv181]

Without a doubt AI-related tools/services are booming recently, the hype is so massive that people try to integrate it with any sector of business. I also reiterate generative text applications are so easy to use for regular users which makes many people do diverse experiments.

One thing that needs to be concerned is you put Open AI and other startups in the same category. Open AI should be reserved on another criterion compared to the platform you mentioned since it rather acts as an enabler. They already had one step forward, so they have a strong outlook. In regard to the number, I think it is just how it works. I mean if we consider Pareto distribution, only a useful and strong startup will survive. So nothing is unexpected.

[erep]

If there is one thing I've learned since I joined the crypto world, it's nothing but "trend". In the crypto world or technology industry, there is always a trend for some new tech after the original source has been produced or built. I will not doubt that many AI projects will fail after a few years of existence, because normally most of them now or some of them that are yet to be launched may have some shady intent, and after they have really archived their purpose, they will come up with some new ideas and collapse.


Cheers 🥂, Dr.Bitcoin_Strange 👺👺

Crypto trends always change quickly depending on the interaction of the global crypto community, for example the previous NFT trend has developed very quickly and many new projects have adopted the NFT concept, but the fact is that many investors have experienced high losses due to decreased trading volume on the current NFT market even NFT investors from the million dollar price becomes worthless.. I suggest watching every trend and analyzing first before adapting quickly to AI trends, always be careful and weigh the risks and analyze the profit potential.

However, not all new AI projects will fail but the probability is very low because there is no guarantee that new startups will last for more than 3 years, whatever the trend of new projects is inseparable from the pump and dump scheme. It is important to carry out careful research before deciding to invest in a new project even if the trend of AI projects is predicted to increase in the crypto space.

[Fortify]

This is an opinion piece. 85% of AI start-ups will fail within 3 years. Link to article. That's what they have said. But what do we think. We use the internet everyday and may even be using one or two AI tools to help us become organized, productive and efficient. Hundreds of AI start-ups are spring up everywhere everyday - while some are jumping in without due diligence some, some are doing it for the money while some others what to make an impact. The AI startups boom is compared to the dot-com bubble where a lot of them failed. Some AI start-ups are: Open AI, Frame AI, Jasper, Drafter AI, Smartly.ai.
What do you think, are we experiencing an AI startup boom like the dot-com bubble? And do you think that 85% of them will fail within 3 years?

I'd say that this in basically in line with the ratio of all new businesses that fail within the first 3 years and that it's more likely to be 95%+ of businesses in the AI field that will fail in such a short window, mainly because of the huge overhead costs that are required to sustain this type of business. Working with AI is not cheap, it requires a lot of computing power and storage for data, before you even start to create the more sophisticated algorithms to work from that data. Every 2-3 years there seems to be a new trend and buzzword of the moment that people go towards and the venture capitalists are equally susceptible to falling for these grand ideas that very few are able to conquer.

[Faisal2202]

This is an opinion piece. 85% of AI start-ups will fail within 3 years. Link to article. That's what they have said. But what do we think. We use the internet everyday and may even be using one or two AI tools to help us become organized, productive and efficient. Hundreds of AI start-ups are spring up everywhere everyday - while some are jumping in without due diligence some, some are doing it for the money while some others what to make an impact. The AI startups boom is compared to the dot-com bubble where a lot of them failed. Some AI start-ups are: Open AI, Frame AI, Jasper, Drafter AI, Smartly.ai.
What do you think, are we experiencing an AI startup boom like the dot-com bubble? And do you think that 85% of them will fail within 3 years?

I might catch the meaning of dot-com bubble wrong but here is what i think it is --> You are concerned about Web 2.0 where people can engage on the internet with content, like the current system is running. Now according to that, no wonder there are many AI tools in the market but i see no flaw in any of the aforementioned tools because they are the main ones, most famous in the market, Why? because they provide better results than users are seeking. I personally used GPT for many terms, like to understand anything, i just type there "i am not a technical person help me to understand what is blockchain" and gpt helps me to understand in the easiest way it can explain it to me. And recently, i have used Google Bard and Bing (which is also gpt based on their advertisements) but after using them i still prefer to use open AI's gpt 3.0.

No, I do not think 80% will fail, because currently if we see, there are many small tools working on the algorithms and APIs bought from the aforementioned platforms like Jasper, Frame, Open Ai, Smarty, etc., and its means those small tools are the child of these parents and when these parents will fail then those children will fail otherwise I see no other flaw in those small tools. Google the most search engine is promoting AI-based algorithms and promoting it so how can it fail in three years, Well, if there comes some AI tools which are struck with copyrights or with any other involvement in criminal activities then those will definitely be banned and the percentage can not be predicted on the basis of dot com bubble.

[karabiber]

If there is one thing I've learned since I joined the crypto world, it's nothing but "trend". In the crypto world or technology industry, there is always a trend for some new tech after the original source has been produced or built. I will not doubt that many AI projects will fail after a few years of existence, because normally most of them now or some of them that are yet to be launched may have some shady intent, and after they have really archived their purpose, they will come up with some new ideas and collapse.


Cheers 🥂, Dr.Bitcoin_Strange 👺👺

I think that artificial intelligence technology will be developed as much as humanity allows. Other than that i don't understand why you think that a technology that can be very beneficial to humanity and will radically change our lives in a positive way in the future will fail. Artificial intelligence is not a trend and will never go away. It can occur in situations that create as much danger as it makes our lives easier.

The frightening advance of artificial intelligence raises many concerns. Among those who have this concern are those who develop it. The developers of the world famous chatbot ChatGPT warned that artificial intelligence poses as great a danger to humanity as nuclear weapons. The progress of artificial intelligence in other words, which carries the potential of danger can be stopped by humans in the coming years. I think we should never stop developing artificial intelligence and focus on areas of artificial intelligence that will make a positive contribution to humanity.

[romero121]

We can't be sure on AI startups losing importance. The majority that end up losing are the one that are much focused on money and not on providing better technology to the world. Dot com bubble can't be compared with AI Startup failures. Right now everything developed by different startups looks similar as we're on the early days of AI into usage. Here the success were determined on how the same is been marketed. Rather than the development it is all about the marketing that leads to success of the startup.

[Dr.Bitcoin_Strange]

Crypto trends always change quickly depending on the interaction of the global crypto community, for example the previous NFT trend has developed very quickly and many new projects have adopted the NFT concept, but the fact is that many investors have experienced high losses due to decreased trading volume on the current NFT market even NFT investors from the million dollar price becomes worthless.. I suggest watching every trend and analyzing first before adapting quickly to AI trends, always be careful and weigh the risks and analyze the profit potential.

However, not all new AI projects will fail but the probability is very low because there is no guarantee that new startups will last for more than 3 years, whatever the trend of new projects is inseparable from the pump and dump scheme. It is important to carry out careful research before deciding to invest in a new project even if the trend of AI projects is predicted to increase in the crypto space.

At this point, I fail to understand whether you are in support of what I said or against it. Speaking of the trend, this is exactly what I was referring to as being adopted by some other projects with shady intent, and after some few months or a year, they can't keep up with the project, so they will just collapse. The NFT example you gave is cool. I can't really remember the first crypto project to Lounched NFT under the Ethereum network; I think it was in 2017 (someone correct me if I am wrong). But after that project, many other exiting crypto projects adopted the idea, and some scammers also used the idea to scammed investors and made away with their money. After some time, the NFT project became a trend, like, common; NFT was all over the place, on both Facebook and Twitter, Reddit, etc. The trend was much, That's just exactly what I was talking about in my first comment: that in the crypto world, there is always a trend: if one original source comes up with an idea and it works, others will start to imitate it, and before you know it, it's all over the place, but at the end, most of those imitators will collapse.


Cheers 🥂, Dr.Bitcoin_Strange 👺👺

[Captain Corporate]

Just because "AI" got a lot of hype and to be fair a lot of funding from hyped angels, doesn't mean that they know what they are doing. I have met with maybe over 100 developers in my life and I can easily say that most of them feel like "if someone is doing it, I could probably do it too, how hard could it be", because to be fair to them, coding is coding, you have libraries and languages so it can't really be "that" hard for someone who knows all the sources well, like if you build something in c# and publish it, someone who is an expert at c# will automatically think they can do the exact thing because they know the language so they can read the code and do the same, worst case if they are hung up anywhere, they can ask, coders help each other out a lot. On the other hand, AI is not like that, the difference is bigger, so just knowing the language or the sources will not be enough, and since its brand new, the amount of people who can help you is not vast neither, so it may not be easy to ask some niche topic of the business. In the end we will see plenty of them fail, but the ones who get out fine, will have coders who worked there, who will build more related business later on, so within the next 3 years we will see a lot of failed ones, but within 10 years we will see a ton of successful ones that will be created out of coders who were part of that %15 that succeeded this first 3 years.

[coupable]

This is an opinion piece. 85% of AI start-ups will fail within 3 years. Link to article. That's what they have said. But what do we think. We use the internet everyday and may even be using one or two AI tools to help us become organized, productive and efficient. Hundreds of AI start-ups are spring up everywhere everyday - while some are jumping in without due diligence some, some are doing it for the money while some others what to make an impact. The AI startups boom is compared to the dot-com bubble where a lot of them failed. Some AI start-ups are: Open AI, Frame AI, Jasper, Drafter AI, Smartly.ai.
What do you think, are we experiencing an AI startup boom like the dot-com bubble? And do you think that 85% of them will fail within 3 years?

If artificial intelligence technology is properly employed in serving certain goals and solving certain problems to provide a service, companies will certainly succeed. But for companies that only provide chat applications such as chatgpt, most of them will disappear, and only a few companies will remain.
There are many ways to employ artificial intelligence and the volume of investments made by major companies will necessarily lead to a revolution in a new world of services provided by artificial intelligence. Today, there are developments through which artificial intelligence will be able to analyze the activity of our brains, and perhaps it will be able to read thoughts.

[STT]

In any gold rush its the people who sell the shovels who are sure to make a profit more then those trying to make a fortune in their discoveries.   So we have to figure who has retained the certainty of profits in this environment, many think Nvidia is top dog without question in the AI market.  I heard Tesla as being stated one of the most advanced entities due to their use of AI for automated driving and similar navigation determination which they can resell etc.  Neither company is cheap to own a part of and the risk is high of failure for all I think; hopefully society is the certain beneficiary of this new advance in technology vs work.

[shinratensei_]

only very few AI startups that actually have good use case and most of them instantly dominate.
moreover the fact that there are many AI programs that was published for free and open source are definitely gonna make these ai startups seems worthless honestly.
one of the example is like those ai program used to imitate songs with different voice which I found pretty fascinating.
many of them are just reinventing the wheel, basically presenting the same AI but they try to compete with each other.

[xSkylarx]

only very few AI startups that actually have good use case and most of them instantly dominate.
moreover the fact that there are many AI programs that was published for free and open source are definitely gonna make these ai startups seems worthless honestly.
one of the example is like those ai program used to imitate songs with different voice which I found pretty fascinating.
many of them are just reinventing the wheel, basically presenting the same AI but they try to compete with each other.

The problem with this in the next 3 years is that there are big companies that will take over or try to purchase this kind of company. The point is that when big companies start to invest, then those small-scale AI companies could just vanish in no time as those big companies are buying those start-ups. Also,  AI is very fast evolving; maybe the cost of maintaining it now is too low, but in the next 3 years it will be at least 10 times or more just to cope with the computing process and its algorithm as it is already broad at that time for sure.

[rat03gopoh]

The problem with this in the next 3 years is that there are big companies that will take over or try to purchase this kind of company. The point is that when big companies start to invest, then those small-scale AI companies could just vanish in no time as those big companies are buying those start-ups. Also,  AI is very fast evolving; maybe the cost of maintaining it now is too low, but in the next 3 years it will be at least 10 times or more just to cope with the computing process and its algorithm as it is already broad at that time for sure.

I think there will always be free alternatives like that if a company looks at the perspective that this hype phenomenon is a market opportunity to make more money than charging a subscription to an AI service where the average Joe is not gonna pay anything just to have fun with this technology.
Say like Google which is known to make search engine users as "consumers" of their advertisements.

[davis196]

The AI startups are just like all the other startups. Most of them will fail and a few "unicorns" will survive and become the new Google or Facebook. This article author isn't writing anything new here. Comparing the AI bubble with the Dot-com bubble from 23 years ago is oversimplification. The only thing in common between those two bubbles is the fact that they are bubbles.
The AI bubble hasn't even started yet. Many AI projects will receive billions of USD worth of funding, just because they are AI. We are at the staring phase of the AI hype. The AI hype might be killed by government regulations. Many people think that AI might be dangerous.

[SamReomo]

This is an opinion piece. 85% of AI start-ups will fail within 3 years. Link to article. That's what they have said. But what do we think. We use the internet everyday and may even be using one or two AI tools to help us become organized, productive and efficient. Hundreds of AI start-ups are spring up everywhere everyday - while some are jumping in without due diligence some, some are doing it for the money while some others what to make an impact. The AI startups boom is compared to the dot-com bubble where a lot of them failed. Some AI start-ups are: Open AI, Frame AI, Jasper, Drafter AI, Smartly.ai.
What do you think, are we experiencing an AI startup boom like the dot-com bubble? And do you think that 85% of them will fail within 3 years?

I don't think that 85% of AI startups are going to fail in current times. After the introduction of Chatgpt, and Stable-diffusion, it seems like the time is currently in the favor of AI startups. Open AI has built some great piece of machine learning miracles like Chatgpt, Dall-e and Open AI five, and same is the case with other AI based companies. They are doing their best to create the piece of software with the help of machine learning that could solve most of the problems easily without much effort from human side. Like I have seen AI based software from Topaz labs that could do a lot of changes in your pictures and videos. The AI software like Topaz Gigapixel AI could easily upscale old images and has the ability to recreate faces from blurred images. Although, they can't recover the original faces if those images are highly blurred, but they can still perform the task better than humans in that case.

AI startups are going to stay with us and they might change the things to new levels in future. All of those AI based start-ups are creating unique piece of software that could help humans a lot, I used service like Midjourney AI that could create very realistic images with just simple text prompts. The start-ups like those are going to stay for much longer time than 3 years and they many improve their AI over time. There are thousands of users that are paying those AI startups a lot of money for monthly subscriptions and if the trend continues that way then they will be able to create far more superior versions of the current piece of AI software. The people are currently in support of those AI based startups and companies like Microsoft, Google, Facebook (Meta), Adobe, Tesla, and others, are doing their best to purchase many of those startups for billions of dollars.

[savetheFORUM]

This is an opinion piece. 85% of AI start-ups will fail within 3 years. Link to article. That's what they have said. But what do we think. We use the internet everyday and may even be using one or two AI tools to help us become organized, productive and efficient. Hundreds of AI start-ups are spring up everywhere everyday - while some are jumping in without due diligence some, some are doing it for the money while some others what to make an impact. The AI startups boom is compared to the dot-com bubble where a lot of them failed. Some AI start-ups are: Open AI, Frame AI, Jasper, Drafter AI, Smartly.ai.
What do you think, are we experiencing an AI startup boom like the dot-com bubble? And do you think that 85% of them will fail within 3 years?

Well, I personally haven't used any product from these startups apart from Open AI's ChatGPT and Dall-E, so it basically depends on how a startup represents themselves and if they can sustain their growth over time with proper marketing and promotional techniques. Open AI got significant success because of ChatGPT that went viral like no product in the history of internet, getting 1 million users in only within a week is no joke.

So, it's true that a lot of startups will obviously die because they won't be able to get enough attention from users since there will be huge competition and people will only use those providing the best services at the most affordable rates just how ChatGPT has gained great success because of that.

[o48o]

This is an opinion piece. 85% of AI start-ups will fail within 3 years. Link to article. That's what they have said. But what do we think. We use the internet everyday and may even be using one or two AI tools to help us become organized, productive and efficient. Hundreds of AI start-ups are spring up everywhere everyday - while some are jumping in without due diligence some, some are doing it for the money while some others what to make an impact. The AI startups boom is compared to the dot-com bubble where a lot of them failed. Some AI start-ups are: Open AI, Frame AI, Jasper, Drafter AI, Smartly.ai.
What do you think, are we experiencing an AI startup boom like the dot-com bubble? And do you think that 85% of them will fail within 3 years?

85% seems like a made up number but even so, i think that the number should be higher. Crunchbase lists 9,587 AI startups and with 85% dying there should be 1438 left in 3 years. IMHO there will come even more and number will be way less than that. Most of them run out of money in 3 years as they are basically money grabs. Reason is obvious, people love to fund trendy stuff because they think it might get adopted by apple etc...

Even though that would be only crappy "AI" app making your voice sound like a toddler, people see it somehow on par with chatgpt 4.

[Captain Corporate]

Number could be made up, but I do agree with OP like I said before, it will fail, most people will fail. Maybe it won't be 85 but 70 or 90 who knows but a lot of people will fail that's the point of it. I think its quite important to remember that we are talking about people here, and people make mistakes, and when they go into something that is brand new, that means there aren't that many people who could hold their hand, so they will end up with a loss for sure. This is why its quite important to remember that you are not going to end up with a lot of success stories. However, just as I mentioned, in the long term it will do better and we are going to get more and more successful ones eventually.

[STT]

Within failures recorded we could include the idea of being taken over via debt, bonds etc., this is completely normal especially in a growing sector with high risks and cost of investment.  If AI is anything like the rest of tech it will have high development costs hence high failure is quite probable.      So to amalgamate your rivals into your business at a favorable equity ratio would be smart by the larger firms and the leverage to do so rests with those who are able to command the highest cash flow and confidence of the banks.
 All that would be quite normal aggressive business practice, not bankrupt or failure exactly but the firm taken over is often not done on great terms or with large profits for the equity holders, copyright or patents are given up because debts must be paid.  Its a harsh world, I dont think AI will be easy exactly but it must be favorable to users  to do well.

[Joshapat]

I think the biggest obstacle for a project is finance, there are many projects that have good concepts but can't survive because they don't have capital, of course a project must be able to get regular income when the funds for the project start to run out, AI projects are something that is still new and still difficult to apply directly to traditional industries so that it will fail because it does not have consumers.

[tjtonmoy]

Trend - when it's over, many will fall who are unable to provide what they have promised for and also lack of public reach. People have different agenda on everything in where they can make work, money or other things. Then if one thing goes viral or people sees potential in it, it becomes a trend. Everyone wants to have a piece of it. But in the end, only those survive which are the best.
It is not only in just AI platforms. Look around, and you will see this in every business section. That being said, I can agree that many start-ups AI platforms will fail, but to tell exactly how many or in how long in time is just a guess. But it is true that it will happen. It has happened in other section of everything and AI is not something exceptional from this.
Just look at Bitcoin and altcoin. Altcoins were created in order to tackle some problem that Bitcoin has. They created different Alts with different features. But not implementing everything in one. If they had done that, maybe it could have surpassed Bitcoin a long time ago. But Bitcoin is still at the top. So those start-up platforms will be the same. Trying to solve one thing and making a separate platform based on that instead of fixing what we already have.

[wxa7115]

Many people think that AI is the future that will soon replace almost all human tasks or work, in some developed countries AI has succeeded in replacing humans and slowly AI expands for a lot of work, with these big prospects, of course, it certainly makes many people think that the AI project is It is very promising that it tries to make an AI project, unfortunately sponsorship or funding support is not enough to survive so many are bankrupt.

Every single AI out there depends on two things, the data you give it and the quality of the data itself, this means that even if we have hundreds of different AIs trying to achieve the same goal, the AI that is superior on those two aspects will also produce better results as well.

And more importantly the difference in performance will not be small, so there will be almost no reason to use an underdeveloped AI when you can use the superior version and obtain better results, and this means that most of those AIs will disappear as they cannot compete with the AI at the top.

[killerfrost]

I don't know and have no predictions about the number of startups in this field but I think it will be big numbers, in fact, like many previous fields that have approached and developed them stages must demonstrate their potential and disseminate the values ​​they and people interact with. About AI this is an area that is attracting the attention of a lot of people, because indeed its potential has been demonstrated through a number of products, I have the same thoughts as the internet when launching it as well received negative feedback and after all these years people have gradually become familiar with and appear everything in life, similarly AI will also need a lot of time to adapt as well as we can exploit and use it effectively it in the future.

[Lubang Bawah]

AI is becoming a trend so many companies are presenting AI, with so many companies, of course, the competition is very tight, this makes consumers choose AI development companies that already have a strong reputation and of course can easily find the cheapest prices.

[isaac_clarke22]

Many people think that AI is the future that will soon replace almost all human tasks or work, in some developed countries AI has succeeded in replacing humans and slowly AI expands for a lot of work, with these big prospects, of course, it certainly makes many people think that the AI project is It is very promising that it tries to make an AI project, unfortunately sponsorship or funding support is not enough to survive so many are bankrupt.

Every single AI out there depends on two things, the data you give it and the quality of the data itself, this means that even if we have hundreds of different AIs trying to achieve the same goal, the AI that is superior on those two aspects will also produce better results as well.

And more importantly the difference in performance will not be small, so there will be almost no reason to use an underdeveloped AI when you can use the superior version and obtain better results, and this means that most of those AIs will disappear as they cannot compete with the AI at the top.

But it is a fierce competition still in AIs. AI is just going to move forward just like how every software either gets rewritten again or migrated in another language just to be competitive with almost every product of software companies out there. Man, before ChatGPT I can still recall some software that generates UI in web dev like Dreamweaver.

Also it is worth noting, just like what I previously mentioned here in the thread that even if devs would give limited data to an AI, self-learning AI is also a concern hence there are people that are even scared of robots getting self-aware.

[tiCeR]

This is an opinion piece. 85% of AI start-ups will fail within 3 years. Link to article. That's what they have said. But what do we think. We use the internet everyday and may even be using one or two AI tools to help us become organized, productive and efficient. Hundreds of AI start-ups are spring up everywhere everyday - while some are jumping in without due diligence some, some are doing it for the money while some others what to make an impact. The AI startups boom is compared to the dot-com bubble where a lot of them failed. Some AI start-ups are: Open AI, Frame AI, Jasper, Drafter AI, Smartly.ai.
What do you think, are we experiencing an AI startup boom like the dot-com bubble? And do you think that 85% of them will fail within 3 years?

85% could even be optimistic, but it also depends on whether you mean fail or disappear. Some of them could also disappear because they most likely get bought out by the Internet giants if they have something unique to offer in the field of AI. Musk is often talking about what is coming and also mentioned Google and Larry Page and what they have already developed behind closed doors.

Google will be one of those giants leading the field, but even Meta or Tesla won't hesitate to buy out smaller AI businesses in case they see potential. It is a good bet these days to build a business around AI if there is a unique approach to a problem or a demand that people are themselves not yet aware of. Either you serve a demand or you evoke a demand, for instance like midjourney.com

That's what I think about the future industry of AI. I could see how a few big soak up many of the smaller companies and it is not like there is thousands of Ai businesses around the corner. A lot of that stuff will also work in a backend format and we only use it without actually understanding or even knowing what we are using. It will become an integral part of our lives seamlessly. 

[jostorres]

In any gold rush its the people who sell the shovels who are sure to make a profit more then those trying to make a fortune in their discoveries.   So we have to figure who has retained the certainty of profits in this environment, many think Nvidia is top dog without question in the AI market.  I heard Tesla as being stated one of the most advanced entities due to their use of AI for automated driving and similar navigation determination which they can resell etc.  Neither company is cheap to own a part of and the risk is high of failure for all I think; hopefully society is the certain beneficiary of this new advance in technology vs work.

I believe workspaces and societies will both be beneficiaries of the technology like any other we have had in the past. History tells us that any invention that came into being was used for both commercial and residential necessities even if it was initially used more for commercial purposes. AI will probably have the same properties, there will be different models and versions that could be used in both places.

If we talk about the failures of companies working mainly with AI, I believe there will be a lot of companies that won't get the necessary attention from the public and will surely either need to close down or change their products from AI to something else.

[SaveOurSea]

AI is becoming a trend so many companies are presenting AI, with so many companies, of course, the competition is very tight, this makes consumers choose AI development companies that already have a strong reputation and of course can easily find the cheapest prices.

It becomes an advantage for consumers in the midst of intense competition,
technology is constantly evolving and this is how it's going to be,
AI is currently also being developed in stages and that is a good thing.

[Semar Mesem]

A project that can last up to 1 year should be able to continue to grow, a good project certainly has a clear concept and roadmap, the owner must be able to ensure that the roadmap can go according to plan, most projects fail because they don't know the direction and goals so they fail.

[adzino]

Yeah, it's likely we might see a huge percentage of AI startups failing within the first few years. Many are riding on the hype wave started by OpenAI, pitching crazy innovative ideas and concepts to attract investment. Investors are game too, hoping for a big payout if just at least one of the ventures ends up being successful. But every hype eventually comes to an end. Once the AI hype cools down, many of these startups may find themselves struggling. Some might survive. At least those that has some real use case. But yeah, it's kinda like the dot com bubble all over again like you said.

[Renampun]

This is an opinion piece. 85% of AI start-ups will fail within 3 years. Link to article. That's what they have said. But what do we think. We use the internet everyday and may even be using one or two AI tools to help us become organized, productive and efficient. Hundreds of AI start-ups are spring up everywhere everyday - while some are jumping in without due diligence some, some are doing it for the money while some others what to make an impact. The AI startups boom is compared to the dot-com bubble where a lot of them failed. Some AI start-ups are: Open AI, Frame AI, Jasper, Drafter AI, Smartly.ai.
What do you think, are we experiencing an AI startup boom like the dot-com bubble? And do you think that 85% of them will fail within 3 years?

that's what they say "survival of the fittest" only startups that are financially strong and innovative can only survive to become the choice of the world's users. because to be honest, most of these new AI startups offer ideas and technologies that are not much different from one another, only a few really put innovation into their technology, the rest just follow the trend.

even the AI company developed by Google namely Bard seems to be mediocre and it won't be used by many people because what they offer is not much better compared to Open AI. especially AI companies from unknown developers, it seems that sooner or later they will close because they cannot attract the market's interest to use their services because they are not innovative and seem ordinary.

[Unbunplease]

Yeah, it's likely we might see a huge percentage of AI startups failing within the first few years. Many are riding on the hype wave started by OpenAI, pitching crazy innovative ideas and concepts to attract investment. Investors are game too, hoping for a big payout if just at least one of the ventures ends up being successful. But every hype eventually comes to an end. Once the AI hype cools down, many of these startups may find themselves struggling. Some might survive. At least those that has some real use case. But yeah, it's kinda like the dot com bubble all over again like you said.

And are these AI startups really needed. Yes, there's a lot of hype going on right now. But then most people will play with it and forget about it. In fact, artificial intelligence capabilities are not needed by everyone. So there won't be many projects left - just a drop in demand. Most projects introduce paid features - and people, for the most part, like free

[southerngentuk]

This, in my opinion, is not surprising because AI has only really gained attention in recent years. Anyway, the first period is very difficult because it has not yet been maximized. Companies try to race with each other to launch prototypes; how can they meet the needs of users? The core is still identity because, anyway, we users mostly care about how good the experience is or not. Everything takes time to develop, and AI is no exception. A technology that wants to be truly breakthrough needs to do better every day. Let the future tell whether AI will really leapfrog human technology.

[alastantiger]

If this statement holds true, the enduring companies would be those that possess genuine and robust business models, rather than relying on investors who simply pour money in with the aim of making profits. While we are familiar with or aware of numerous prominent AI start-ups, there are countless others that never even had the chance to materialize. Some of these start-ups faced the unfortunate situation where their founders raised funds, only to squander the money on luxurious cars or extravagant vacations, leaving the start-up to perish. Thus, I disagree with the notion that we are currently in an AI start-up bubble.

[tiCeR]

If this statement holds true, the enduring companies would be those that possess genuine and robust business models, rather than relying on investors who simply pour money in with the aim of making profits. While we are familiar with or aware of numerous prominent AI start-ups, there are countless others that never even had the chance to materialize. Some of these start-ups faced the unfortunate situation where their founders raised funds, only to squander the money on luxurious cars or extravagant vacations, leaving the start-up to perish. Thus, I disagree with the notion that we are currently in an AI start-up bubble.

Investors with the aim of making profit are the people who made the capitalistic world work and develop. I am not giving my opinion here on whether or not I like capitalism, but without capital most of the applications and tools and services we use today would have never been possible in the first place. Pouring money into research and development is the key to progress. ChatGPT was co-founded by Elon Musk. Google is funneling massive capital into AI. Almost all of these startups had a head start with venture capital. That is how it works.

[o48o]

A project that can last up to 1 year should be able to continue to grow, a good project certainly has a clear concept and roadmap, the owner must be able to ensure that the roadmap can go according to plan, most projects fail because they don't know the direction and goals so they fail.

That sadly isn't good enough indicator for success.

Startups are funded for years by investors and several of these startups are not able to make profits for years. For example it took Apple 2 years, Google and Intel 3 years, and Facebook/Meta and Ford 5 years to be profitable.

Adoption can take time even if startups are more feet on the ground profit centered. And more experimental they are, more likely it is hard to find adoption for your product. Especially when startups are cutting edge hi-tech and other infrastructure isn't ready for it yet.

[axxo]

I think it is possible that 85% of AI startups will fail within 3 years. The success rate of startups in any industry is generally low and the field of artificial intelligence is no exception. While AI has a great potential to transform various industries, it is also a complex and rapidly evolving field that requires significant investment and expertise. Many AI startups face challenges such as data privacy concerns, lack of funding, difficulty in finding skilled talent and regulatory hurdles. Additionally, the market for AI products and services can be highly competitive making it difficult for new entrants to gain support. It is important to note that not all AI startups will fail. Some will be successful in developing innovative products and services and address specific industry needs and provide value to customers. Those that can secure funding, build strong partnerships, and attract top talent may have a better chance of success.

[disconnectme]

I think you are being conservative with this figure I will say that more than 90% of these AI startups will fail, and only 1% of them will come out a true winner like Google and Amazon. I believe we are just scratching the surface of this technology and companies that think they stand need to check it unless they will fall. As you can see here Google is playing catch up in the AI space. I prefer to use Chat GPT to Google search or Google AI,  though it is still difficult to say this is the true winner for now but what companies will struggle with is how to make that shift from the known world to the unknown world. We just need to accept it the future is here we just don't see it

[Bananington]

What do you think, are we experiencing an AI startup boom like the dot-com bubble? And do you think that 85% of them will fail within 3 years?

It is difficult to say but artificial intelligence is just becoming popular and logically for any business the pioneers in the business usually have the upper hand. The present AI startups will have the benefit of being the first choice for most people who will become interested in the technology. The present AI startups will continue to grow, and in the next three years, they would have increased in the number of users that they have because of how known AI will be in the next few years to come. The present AI startups will dominate the market.

[Buddyspa]

https://bitcointalk.org/index.php?action=profile;u=3561418;sa=summary

[icalical]

This is kinda true, tho I am not sure about the number of 85% since I never do any research on it, but I think it's about the right number. And it's not only AI, it happened in almost all break-through project. Like DeFi, in the previous trend or even more common industry like Online Transportation like Uber and Grab, there used to be a lot like this project but then only few is thrive and successful. User will slowly move to one project that are truly know what the users need, some industry doesn't even take up to 3 years to eliminate some projects.

[nimogsm]

And now there is a trend and there will be many projects and various startups that will use this tool, and this statistic in 85% is not only for this event, it fits all trends. Especially if we are talking about crypto, then for myself, I have not yet identified a project that would be interesting to me related to AI and crypto.

[Vaskiy]

This is kinda true, tho I am not sure about the number of 85% since I never do any research on it, but it's I think it's about the right number. And it's not only AI, it happened in almost all break-through project. Like DeFi, in the previous trend or even more common industry like Online Transportation like Uber and Grab, there used to be a lot like this project but then only few is thrive and successful. User will slowly move to one project that are truly know what the users need, some industry doesn't even take up to 3 years to eliminate some projects.

It is the reality, just because AI is the ongoing trend companies focus on it. They never think about the real time usage as well as the affordability. Most of the projects initially focus the premium people which means the company is able to generate revenue reaching small number of people whereas it requires large marketing to make it generate revenue reaching the bottom people. When the real-time usage is connected with the common mans involvement the project turns successful.

[WatChe]

This is kinda true, tho I am not sure about the number of 85% since I never do any research on it, but it's I think it's about the right number. And it's not only AI, it happened in almost all break-through project. Like DeFi, in the previous trend or even more common industry like Online Transportation like Uber and Grab, there used to be a lot like this project but then only few is thrive and successful. User will slowly move to one project that are truly know what the users need, some industry doesn't even take up to 3 years to eliminate some projects.

Remember 2007? The year of ICOs. There were countless number of ICOs launched in 2007 and today only handful are known while rest either collapsed or abandoned by the owners. Today its summer of AI and everyone jumping into this sector for making a fortune. Only project that have right vision and team that has necessary skills along with motivation will survive rest all will be history in a matter of time. Its natural thing that whenever something new pops up, people jump into it for making money.

[YUriy1991]

Yeah, it's likely we might see a huge percentage of AI startups failing within the first few years. Many are riding on the hype wave started by OpenAI, pitching crazy innovative ideas and concepts to attract investment. Investors are game too, hoping for a big payout if just at least one of the ventures ends up being successful. But every hype eventually comes to an end. Once the AI hype cools down, many of these startups may find themselves struggling. Some might survive. At least those that has some real use case. But yeah, it's kinda like the dot com bubble all over again like you said.

I do not claim what was said above that it is completely true. But look at where the direction of AI is being created in detail and the products that have been developed and created by AI. indeed, AI provides all its conveniences and is easy for users to use, for example creating an article, creative content whose speed is faster than making a delicious cup of coffee, but that's just the visuals, there's something bigger than that. My current view.

[Kakmakr]

I definitely agree with you on this....

A lot of these startups are diving into the deep end and just riding the hype wave to be hip and to be first to market. It reminds me of the time when "Blockchain" was the buzz word...every startup wanted to have the word "Blockchain" in their project, but most of them failed.

Yes, it is good to be first to market... but it is hard work to sell the "new" concept to customers in the early days. Do not go "all-in" to a new technology, if you are not well funded by other mature operations. 

[AmoreJaz]

I definitely agree with you on this....

A lot of these startups are diving into the deep end and just riding the hype wave to be hip and to be first to market. It reminds me of the time when "Blockchain" was the buzz word...every startup wanted to have the word "Blockchain" in their project, but most of them failed.

Yes, it is good to be first to market... but it is hard work to sell the "new" concept to customers in the early days. Do not go "all-in" to a new technology, if you are not well funded by other mature operations.  

and not only 85% will fail but more than 95% of this type of project. just any other hype that we have seen in this market. we all know that most of them are just riding the hype, having AI connected to their name.
very few devs are serious in attaining success of their product but they are more on how to earn money fast. they usually don't care if their product or service will be a hit or not, useful or not,  in the market. so long their pockets are full.

[YUriy1991]

very few devs are serious in attaining success of their product but they are more on how to earn money fast. they usually don't care if their product or service will be a hit or not, useful or not,  in the market. so long their pockets are full.

Agreed in this context, Besides that the market has its own way or mechanism of filtering out unsustainable or ineffective projects from time to time. Success is not only determined by the early steps as an adopter, but also by the company's ability to continue to grow while maintaining customer relevance and satisfaction. In the end it is the market and customers that determine the success or failure of the startup.

[Vishnu.Reang]

I don't have that much idea what is the main purpose of them but in current situation people is really afraid of loosing their job in market. If they don't have good use of their projects then most probably they will loose their trust and importance. One of the biggest mistake that AI startups make is focusing too much on technology without realizing that business is more important then technology. There is one more problem in AI is insufficient or low-quality data. AI systems function by being trained on set of data relevant to topic they are tackling.

[icalical]

This is kinda true, tho I am not sure about the number of 85% since I never do any research on it, but it's I think it's about the right number. And it's not only AI, it happened in almost all break-through project. Like DeFi, in the previous trend or even more common industry like Online Transportation like Uber and Grab, there used to be a lot like this project but then only few is thrive and successful. User will slowly move to one project that are truly know what the users need, some industry doesn't even take up to 3 years to eliminate some projects.

It is the reality, just because AI is the ongoing trend companies focus on it. They never think about the real time usage as well as the affordability. Most of the projects initially focus the premium people which means the company is able to generate revenue reaching small number of people whereas it requires large marketing to make it generate revenue reaching the bottom people. When the real-time usage is connected with the common mans involvement the project turns successful.

Yeah same old same old, most of project just looking to make quick money from the investor, they rarely think about the actual sustainability and scalability, just promising the investors that they might get a profit overnight.

This is kinda true, tho I am not sure about the number of 85% since I never do any research on it, but it's I think it's about the right number. And it's not only AI, it happened in almost all break-through project. Like DeFi, in the previous trend or even more common industry like Online Transportation like Uber and Grab, there used to be a lot like this project but then only few is thrive and successful. User will slowly move to one project that are truly know what the users need, some industry doesn't even take up to 3 years to eliminate some projects.

Remember 2007? The year of ICOs. There were countless number of ICOs launched in 2007 and today only handful are known while rest either collapsed or abandoned by the owners. Today its summer of AI and everyone jumping into this sector for making a fortune. Only project that have right vision and team that has necessary skills along with motivation will survive rest all will be history in a matter of time. Its natural thing that whenever something new pops up, people jump into it for making money.

Yeah I remember than day, a dozens of new ICO project everyday, from very common idea like Real-estate to some weird and wild project like blockchain dating apps and even porn. After ICO then DeFI, move to NFT, move to Web3 and then AI, everyone just jump into the bandwagon, and most of them have no idea what they are getting into.

[slapper]

There are similarities between the AI startup ecosystem and the dot-com boom, but there are also important differences to keep in mind. Contrasting the failure of many dot-com businesses, AI has spread throughout many industries, bringing real benefits to many people.

While 85% may seem high, it's actually rather close to the usual start-up failure rate of roughly 90%. The start-up environment is tough for any business, not just those in the AI sector.

AI has the ability to disrupt sectors, and rising investments predict that many AI startups will be successful. They could have far-reaching effects in areas beyond technology, including medicine, education, and transportation. We live in truly exciting times.

[Raflesia]

very few devs are serious in attaining success of their product but they are more on how to earn money fast. they usually don't care if their product or service will be a hit or not, useful or not,  in the market. so long their pockets are full.

Agreed in this context, Besides that the market has its own way or mechanism of filtering out unsustainable or ineffective projects from time to time. Success is not only determined by the early steps as an adopter, but also by the company's ability to continue to grow while maintaining customer relevance and satisfaction. In the end it is the market and customers that determine the success or failure of the startup.

Indirectly, this means that it really depends on how the company operates and does their work plan and indeed it is true that I agree with this because seeing the conditions, of course, even though there is hype about AI at this time, the sustainability of the company, of course, depends on management and how it works especially in attracting enthusiasts here.
We won't be able to do that without any effort and when the hype is really busy now, how can we improve so that the quality that is run is better than other competitors and is in demand by consumers.
This is indeed quite difficult but if they already know what they are going to do with clear planning then indeed this will not be as complicated as it should be.

[ChiBitCTy]

Oh I would probably say it's going to be even higher than that.  It's very similar to cryptocurrency in my mind.  I've always stated from early on that 99% of cryptocurrency coins/projects would fail, and that's exactly the truth and what's come to be.  I mean I guess some coins can "hang around" until the end of time, but that doesn't mean they haven't failed.

Also, lets get something straight, ChatGPT and those of it's ilk are NOT legit AI.  AGI/Artificial General Intelligence is LEGIT AI.  True AI will completely change our world.  This pseudo AI is changing our world, but nothing like AGI will. Truly self learning, no restrictions built in by the programmers...that's legit AI.

[wxa7115]

I don't have that much idea what is the main purpose of them but in current situation people is really afraid of loosing their job in market. If they don't have good use of their projects then most probably they will loose their trust and importance. One of the biggest mistake that AI startups make is focusing too much on technology without realizing that business is more important then technology. There is one more problem in AI is insufficient or low-quality data. AI systems function by being trained on set of data relevant to topic they are tackling.

I think for the most part the lack of data problem is basically solved at this point, the algorithms behind the different AIs have existed for a long time, but they were ineffective due to the lack of data and we were not aware of all the applications in which we could use them.

But now people are generating data almost every single second of the day, then this data can be compiled, processed, tagged and finally used to train an AI to do almost anything we can imagine.

[el kaka22]

Why do people even start these? I mean it doesn't make sense to me at all because we are talking about something getting saturated so much that everyone is doing it. Obviously a lot of people will fail, because at the end of the day way too many people are doing it, so how could all of them succeed?

This is a high end technological idea and people who are good at what they are doing should be doing it, people who "think" they can do it will end up failing. I personally hope that the best thing about this would be making a profit based on peoples talents and we do not have enough talented people in the AI world as the number of companies suggests, so that means it is going to be a big failure when the time comes, it is too obvious.

[Flexystar]

I don’t even know why they made it. We were so happy minding our own business and doing that 9-5 perfectly. Anyways, there is high chance that it will get less popular as we move forward in the future. Even best of the best admirer of technology think that AI are dangerous for the economy. In one of the interview from Elon Musk he himself agreed that AI is disastrous as compared to nuke bombs. We don’t have to be sceptical about this thought because it can always happen. AI is slowly getting injected in every field which means it’s dangerous. So yeah why not, I would like to think that way as well.

[Litzki1990]

There are many AI technologies around the world now that are mainly developed to improve technology and make human tasks easier. But while there are many such technologies, many AI technologies fail to keep pace with the modern world. Mainly due to not updating with time, not maintaining well and not updating advanced systems, these technologies are slowly losing popularity to people. As a result, people are withdrawing themselves from such AI technologies. As easy as it is to build an AI technology, it is difficult to control it well. Those who develop such technology must first think about how they will control this technology. Only if they find a way to control the technology well, they should bring such technology to the people.

[Franctoshi]

Snip~

On a personal note,  I don't see any future in AI development especially when and where its usage is limited,  and I don't equate any credence to AI project since I have the mindset of it result in being hot generated and doesn't pass through if put into real-time usage unless it results and data are subject to human contributions for accurate results.

But at this point, AI is trying to prove itself to be independently functional void of human interference and this assumption is what will lead to the failure of AI development in the shortest time because AI is gradually losing its popularity.

I agree with you, AI is dependent on the data that is supplied to them, despite the fact we are in the Era of the AI bubble, in the future, AI may have no ground when its limitations must have been seen by all, But what can keep it thriving is if some modifications or improvements are done to enhance its performance to have a better experience with utilizing them.

However, one thing I know is no matter the level of improvement or modification done to it,  AI can never be human, and that will always remain its limitation.

[wxa7115]

It is predicted that 85% of AI start-ups will fail within 3 years. While AI is a rapidly growing industry, it is also a highly competitive one, with many companies vying for a slice of the market. The failure rate is high due to various reasons such as lack of funding, poor management and inability to deliver a product that meets market needs. One of the biggest challenges for AI start ups is obtaining funding. Investor are often hesitant to invest in AI companies due to the high risk involved Even if a company does secure funding, it can be difficult to manage that money effectively. Poor management can lead to overspending and a failure to deliver on promised products or services.

This reminds me what we saw many years ago with search engines or with social media websites, in which everyone is striving to be at the very top because they know there is no comparison between being there and being the second place, as this is another business which is highly dependent on the data they can gather.

And the more users you get the better and the more data you receive, which can later be used to construct a better AI model, and eventually there will be no comparison between those models, so whoever can get at the top now it will become a monopoly.

[Pierre 2]

I am %100 sure not even 85 but %95 of AI startups will fail. Most of them are trying to be early birds here attracting people to invest and make money. Most of them do not add a lot on top of OpenAI project. I think leftovers can be huge tho. For example I saw grammarly take on AI assistance application. It looked awesome to me. It was suggesting possible e-mail with different moods for example. Clever ideas will always be successful. I would invest in such brightminded AI projects for sure but its hard to be sure about their development process.

[Wend]

Dont get me wrong but i want all AI start ups to fail. they are eating us

AI is not as scary as you think, they will not eat us or take our jobs. Technology is developed for the purpose of making people more and more convenient, it is not created to be a killing machine that takes away jobs and pushes us to the edge of the abyss. Society is developing like a storm and we also need to adapt to them if we do not want to be eliminated. Let's always improve ourselves and make ourselves better if we don't want to be left at the bottom of society.

[TimeTeller]

I am %100 sure not even 85 but %95 of AI startups will fail. Most of them are trying to be early birds here attracting people to invest and make money. Most of them do not add a lot on top of OpenAI project. I think leftovers can be huge tho. For example I saw grammarly take on AI assistance application. It looked awesome to me. It was suggesting possible e-mail with different moods for example. Clever ideas will always be successful. I would invest in such brightminded AI projects for sure but its hard to be sure about their development process.

The reason why most of them will fail is because they were created for the developers' main desire of pocketing the money.
I believe, very few of them have the mission of really launching their project to the public and have real use for it.
So yes, a lot are just riding the hype, trying to pocket some, and move on. They don't want to sustain their business in the first place.
And for sure, some of them don't even have the idea how this business works, they have no knowledge on how to move forward with their developments.

[jacafbiz]

I believe it will be higher than 90% in my own understanding. The AI hype has come to stay and I believe the ChatGPT is just the start of the good thing we should expect from the AI evolution and most of these companies just want to ride the hype and do not know how these AI should be incorporated into their company. If company like Google are struggling with this decision, I know a lot of these companies don't even know what to do

[Cryptomultiplier]

It is quite understandable considering the fact that A.i tech hasn't generated alot of usage prior to its current introduction.
It is still under very much scrutiny and care ought to be taken where these living computers  have little restrictions or fail-safes.
Any start ups relying on it to scale profit heights, will have to be more patient till it gains human trust of usership.

No different from the normal startups that would require at least 5-7years before one can truly say it is successful, is also an A.I integrated business with same or close to same fate.  
If entrepreneurs learn to fix their strategies or methods of executing their business ideas on time, even an A.I start up, would survive, thrive and expand into other sectors of growth.

[STT]

Theres no danger of AI stopping a person finding a job that they were capable of before.    The failure in AI startups is because its not easy to deploy this technology or to replace humans who can do so much in a variety of ways without alot of investment.
  What will happen is AI is a tool to assist people, in fact its already out there.  The idea we have massively leaped forward somehow is a bit of a dream, I do hope we took at least a step forward but its been at great cost and even now will take time to actually develop and mean something.    AI in operation now is going to be found on queues of people waiting to query a company customer service on some issue.   Extremely common repetitious low quality info, like the product is non responsive & AI will answer we have a service update ongoing for an hour please phone back.  Do you really want an intelligent human have to speak those words a thousand times over, its the greatest of waste to make a person say something so simple.   We know from the past computers, machines are the best usage with unwanted work; this is all thats going to happen.
  They arent taking over the world, great things are possible and they could already beat us at chess 25 years ago so even greater things but it is about repetition and best use of highly versatile humans efficiently put elsewhere.   It will make the people better placed and society richer, nothing to fear imo.

[Mauser]

This is an opinion piece. 85% of AI start-ups will fail within 3 years. Link to article. That's what they have said. But what do we think. We use the internet everyday and may even be using one or two AI tools to help us become organized, productive and efficient. Hundreds of AI start-ups are spring up everywhere everyday - while some are jumping in without due diligence some, some are doing it for the money while some others what to make an impact. The AI startups boom is compared to the dot-com bubble where a lot of them failed. Some AI start-ups are: Open AI, Frame AI, Jasper, Drafter AI, Smartly.ai.
What do you think, are we experiencing an AI startup boom like the dot-com bubble? And do you think that 85% of them will fail within 3 years?

I read an article on the weekend that analysed the last few earning calls of the biggest corporations and how often they would mention AI in it. They found that since 2021 there was a huge increase in focus on AI from all types of sectors like Financial Services, Pharmaceuticals, Tech Giants, etc. So we can already see today that most companies identified the great potential of AI and the need to be part of the change. What many companies are doing now is trying to setup teams to develop their own AIs and not take the AI from other companies. Which would make future acquisitions not so important if the knowledge of AI is already inhouse. It's interesting to see a lot of new companies focusing on AI, but I am not so sure in how much value they are going to bring to the table. When all the big companies develop their own AIs then the profit potential for these startups will be very limited and it could be very likely that we are seeing a big rise in bankruptcies over the next few years.

[Cryptmuster]

AI is not as scary as you think, they will not eat us or take our jobs. Technology is developed for the purpose of making people more and more convenient, it is not created to be a killing machine that takes away jobs and pushes us to the edge of the abyss. Society is developing like a storm and we also need to adapt to them if we do not want to be eliminated. Let's always improve ourselves and make ourselves better if we don't want to be left at the bottom of society.

It is worth evaluating all possible options, I do not agree that AI does not contain any dangers to humans. Perhaps for many things AI will be used for the benefit of humanity, but there is also a certain threat. But this topic is not about the dangers of AI, but about how successful projects are. It seems to me that now it is difficult to say in percentage terms, but it seems to me that the statistics will be the same as in any other direction, and on average 9 out of 10 projects will fail over 10 years.

[Vishnu.Reang]

I think for the most part the lack of data problem is basically solved at this point, the algorithms behind the different AIs have existed for a long time, but they were ineffective due to the lack of data and we were not aware of all the applications in which we could use them.

But now people are generating data almost every single second of the day, then this data can be compiled, processed, tagged and finally used to train an AI to do almost anything we can imagine.

There are fear in human society that AI will replace human jobs soon. When in India on 1955, the government introduce computer for first time to Indian citizens that time people was afraid to loose their jobs But who learn computer that time, they got more opportunities because technology always create more jobs. In same ways when AI succeed then more jobs opportunities will be create. For first time it may seems like it is replacing human task or jobs but at the end AI expands job market for human being.

[AmoreJaz]

I think for the most part the lack of data problem is basically solved at this point, the algorithms behind the different AIs have existed for a long time, but they were ineffective due to the lack of data and we were not aware of all the applications in which we could use them.

But now people are generating data almost every single second of the day, then this data can be compiled, processed, tagged and finally used to train an AI to do almost anything we can imagine.

There are fear in human society that AI will replace human jobs soon. When in India on 1955, the government introduce computer for first time to Indian citizens that time people was afraid to loose their jobs But who learn computer that time, they got more opportunities because technology always create more jobs. In same ways when AI succeed then more jobs opportunities will be create. For first time it may seems like it is replacing human task or jobs but at the end AI expands job market for human being.

humanity will always cope with the evolving technology. it is true that some jobs can be replaced by AI. however, do take note that some jobs are also created out of this. so it depends on the people how he will make himself competent with the current requirements in the job market. people can adjust by equipping himself with the current needs.
the development in AI industry for sure will assist a lot of repetitive problems in the industries. so we need to look at the brighter side of this rather than linger on its negative impact in the job industry.

[Vishnu.Reang]

humanity will always cope with the evolving technology. it is true that some jobs can be replaced by AI. however, do take note that some jobs are also created out of this. so it depends on the people how he will make himself competent with the current requirements in the job market. people can adjust by equipping himself with the current needs.
the development in AI industry for sure will assist a lot of repetitive problems in the industries. so we need to look at the brighter side of this rather than linger on its negative impact in the job industry.

I agree with you, It totally depend upon people how society will take it, he/she looks like an opportunity or loose their hope and stop being competent. If there is some disadvantage like it may replace some jobs by AI. But there are several advantages as well like AI drives down the time taken to perform a task, AI operates 24x7 without interruption or breaks and has no downtime, which is almost impossible for human or if it is possible then it may need more manpower and most important thing is differently able people never fell incomplete because AI augments the capabilities of differently abled individuals.

[WatChe]

Remember 2007? The year of ICOs. There were countless number of ICOs launched in 2007 and today only handful are known while rest either collapsed or abandoned by the owners. Today its summer of AI and everyone jumping into this sector for making a fortune. Only project that have right vision and team that has necessary skills along with motivation will survive rest all will be history in a matter of time. Its natural thing that whenever something new pops up, people jump into it for making money.

Yeah I remember than day, a dozens of new ICO project everyday, from very common idea like Real-estate to some weird and wild project like blockchain dating apps and even porn. After ICO then DeFI, move to NFT, move to Web3 and then AI, everyone just jump into the bandwagon, and most of them have no idea what they are getting into.

There were IEO's also in between. All were welcomed by the community and today only handful of such projects are known. People went crazy for NFTs too and I am the dumbest of all to not invest even a single penny in NFTs. There is not much corelation between crypto and AI but start-ups are bringing AI to crypto to earn some bucks.
The point is such things will keep coming to crypto with time. its us who has to make decision regarding investing our money or not. Crypto market is unregulated and there is little hope of recovery in case you fell victim to some scam.

[uswa56]

humanity will always cope with the evolving technology. it is true that some jobs can be replaced by AI. however, do take note that some jobs are also created out of this. so it depends on the people how he will make himself competent with the current requirements in the job market. people can adjust by equipping himself with the current needs.
the development in AI industry for sure will assist a lot of repetitive problems in the industries. so we need to look at the brighter side of this rather than linger on its negative impact in the job industry.

I agree with you, It totally depend upon people how society will take it, he/she looks like an opportunity or loose their hope and stop being competent. If there is some disadvantage like it may replace some jobs by AI. But there are several advantages as well like AI drives down the time taken to perform a task, AI operates 24x7 without interruption or breaks and has no downtime, which is almost impossible for human or if it is possible then it may need more manpower and most important thing is differently able people never fell incomplete because AI augments the capabilities of differently abled individuals.

It is undeniable that technology is growing and it continues to reap pros and cons but what is certain is that when it will be profitable then humans will take advantage of it, big companies must be able to continue to use technology to their advantage regardless that many other people will oppose because of the loss their work.
If the use of AI continues to have a positive impact then I think this will continue and even make it possible to get even better, now we have to be realistic in this increasingly sophisticated world.

[buwaytress]

Jasper's been around for a lot more than 3 years, and have only increased their pricing so I don't think we're quite ready to see them leave just yet (pretty sure it's the same for a lot of others I've seen around since at least 2017. Fireflies comes to mind. They're products that fill problem gaps, so they went the right way about it.

Now all these new crypto AI projects are creating demand for the supply cart that's come before the horse. A lot like the 2017 "tokenisation" craze.

And then all you forum folk posting with AI rewriters, just loving it aren't you =D

Surprised no one ever made (or at least not publicised) an AI for Bitcoin mining. As in, to mine in optimum conditions, and then stop and move on to other PoW crypto automatically -- I know Minergate used to have a software for that, I used it myself. But it was 100% mining Monero

[serjent05]

This is an opinion piece. 85% of AI start-ups will fail within 3 years. Link to article. That's what they have said. But what do we think. We use the internet everyday and may even be using one or two AI tools to help us become organized, productive and efficient. Hundreds of AI start-ups are spring up everywhere everyday - while some are jumping in without due diligence some, some are doing it for the money while some others what to make an impact. The AI startups boom is compared to the dot-com bubble where a lot of them failed. Some AI start-ups are: Open AI, Frame AI, Jasper, Drafter AI, Smartly.ai.
What do you think, are we experiencing an AI startup boom like the dot-com bubble? And do you think that 85% of them will fail within 3 years?

We don't need to wait for 3 years to see AI start-ups fall apart.  Starting from the cryptocurrency start-up that take advantage of the popularity of AI, the majority of them are already experiencing less attention from people which can lead them to bankruptcy in just months of their launch.  Others are even DOA due to saturated projects that sprouts everywhere and asking for financing from investors.

AI will stay but only those who have the capability both in funds and development will be able to withstand the time of testing and be able to advance in AI technology.

[SirLancelot]

humanity will always cope with the evolving technology. it is true that some jobs can be replaced by AI. however, do take note that some jobs are also created out of this. so it depends on the people how he will make himself competent with the current requirements in the job market. people can adjust by equipping himself with the current needs.
the development in AI industry for sure will assist a lot of repetitive problems in the industries. so we need to look at the brighter side of this rather than linger on its negative impact in the job industry.

I agree with you, It totally depend upon people how society will take it, he/she looks like an opportunity or loose their hope and stop being competent. If there is some disadvantage like it may replace some jobs by AI. But there are several advantages as well like AI drives down the time taken to perform a task, AI operates 24x7 without interruption or breaks and has no downtime, which is almost impossible for human or if it is possible then it may need more manpower and most important thing is differently able people never fell incomplete because AI augments the capabilities of differently abled individuals.

AI actually provides more advantages than disadvantages but only if people start seeing it positively, all we think about AI is that it will take our jobs and replace humans, etc., but what we don't think about is how helpful it can be for us in a workplace, AI can do almost anything if you set it up for it, there will be AIs for almost every sector and they can be used to bring more efficiency in the work if they are used in the right way by the right people.

In my personal opinion, AI might replace some jobs where only a single entity is required and AI might be able to do the work more efficiently and accurately than a human, but for most sectors, AI can be used as an assistant and help people with their work and won't replace them.

[Velemir Sava]

I think the biggest obstacle for a project is finance, there are many projects that have good concepts but can't survive because they don't have capital, of course a project must be able to get regular income when the funds for the project start to run out, AI projects are something that is still new and still difficult to apply directly to traditional industries so that it will fail because it does not have consumers.

That's right, how can it be used immediately, especially those that require high thought. AI is robot thinking in scope to help facilitate the completion of a job, not to replace our role as humans as workers let alone totality. I think basically those who create AI have great intentions to make it easier for other people to work because normally human intelligence is different and there are levels. As in trading, there are sellers and buyers.

[slapper]

~snip~

AI actually provides more advantages than disadvantages but only if people start seeing it positively, all we think about AI is that it will take our jobs and replace humans, etc., but what we don't think about is how helpful it can be for us in a workplace, AI can do almost anything if you set it up for it, there will be AIs for almost every sector and they can be used to bring more efficiency in the work if they are used in the right way by the right people.

In my personal opinion, AI might replace some jobs where only a single entity is required and AI might be able to do the work more efficiently and accurately than a human, but for most sectors, AI can be used as an assistant and help people with their work and won't replace them.

Many people we know are concerned that AI will eliminate their jobs, yet they fail to appreciate the positive aspects of this technology. They don't realize that AI has incredible potential to dramatically increase productivity in the office

Considering this... Artificial intelligence can accomplish many things without tiring or getting bored. Since it's a fact that machines can perform arithmetic much more quickly and accurately than humans, they could replace people in some positions. However, AI is typically used as an assistant, a Robin to our Batman, in most fields. In order to accomplish our jobs better, it can give us the information, understanding, and automation we require. Instead of focusing on the posibility of being replaced, we should be excited about the ways in which AI might improve our efficiency. Artificial intelligence makes the future more promising; we should welcome it

[Texac]

~snip~

AI actually provides more advantages than disadvantages but only if people start seeing it positively, all we think about AI is that it will take our jobs and replace humans, etc., but what we don't think about is how helpful it can be for us in a workplace, AI can do almost anything if you set it up for it, there will be AIs for almost every sector and they can be used to bring more efficiency in the work if they are used in the right way by the right people.

In my personal opinion, AI might replace some jobs where only a single entity is required and AI might be able to do the work more efficiently and accurately than a human, but for most sectors, AI can be used as an assistant and help people with their work and won't replace them.

Many people we know are concerned that AI will eliminate their jobs, yet they fail to appreciate the positive aspects of this technology. They don't realize that AI has incredible potential to dramatically increase productivity in the office

Considering this... Artificial intelligence can accomplish many things without tiring or getting bored. Since it's a fact that machines can perform arithmetic much more quickly and accurately than humans, they could replace people in some positions. However, AI is typically used as an assistant, a Robin to our Batman, in most fields. In order to accomplish our jobs better, it can give us the information, understanding, and automation we require. Instead of focusing on the posibility of being replaced, we should be excited about the ways in which AI might improve our efficiency. Artificial intelligence makes the future more promising; we should welcome it

Everything has its pros and cons, and it depends on how we use it.  although AI technology will be a great assistant for us in many different areas of life, it is not wrong that many people worry about them.  i also believe that when AI is fully developed, there will be some jobs taken by humans that will be replaced by it, thereby creating unemployment. but we can also avoid that by always looking for ways to improve our skills and qualifications so we don't get fired. the world is getting harder than ever, even without AI, if we don't progress, we will be eliminated.

[harapan]

I may not agree with the exact percentage but it won't be a surprise.
It has already been stated that 45% of businesses fail during the first five year so it won't be different with AI start ups.
What's worst for AI start ups is that they're in a very dynamic and innovative industry with very strong competition. It takes a while lot to survive as a business and much more to survive as a tech startup. There are bigger and we'll established companies that offer what you're offering, but maybe better. They have all the resources and funding that start ups lacks.

So it will be better if a start up can offer what people need. Solve a problem. Don't just follow the crowd in doing the same thing with a different name. When you provide what people need, don't just stop there, like I said it's an innovative industry. New innovations and updates come out all the time. There's actually a lot of work if they want to succeed