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

[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!

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[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.