[thinbeige]

Question to VCs on HN: Is AI declining? Not that it is dying down but my feeling is that the general investment activity in AI slowed down but maybe I am wrong.

1. Do you get still that much AI deals in your inbox?

2. Do you close this quarter as much deals as one year ago?

[Top19]

The head of Facebook AI said something a few years ago that AI has “died 4 times in 5 decades due to overpromising”.

AI in general is not a bubble, and progress will continue, but I imagine most entrepreneurs are vastly overpromising, after all they only have more to gain by doing this, and they might lose by not doing it if others are doing it (so like a prisoners dilemma situation).

I should also say back in 1995 and 1996 a lot of people were saying we were in a “tech bubble”, and they were technically right, but they underestimated just how sustaining the euphoria was. They looked like idiots 2 years later when stocks they decided against were quintupling in value, but less so 4 years later when the stocks were worth nothing. So the main lesson is there are really 3 bubbles, the actual bubble, the bubble where the elites and those in-the-know finally can’t believe it anymore and bail out, shortly followed by the bubble where all the others bail out (which triggers the most dramatic decline).