| >..if/when AI generates outsized/large returns, it actually brings more money into the entire VC ecosystem. That's a BIG if/when. "AI" is just as likely to produce huge court cases (already is) that result in massive penalties. Google's "AI" summary is bordering on a liability right now, not to all the copyrighted material used to train the "AI". >Plus, AI advancement should (yes, I know there's hype and theses that may not play out) accelerate innovation everywhere else. Example: A biotech startup today has access to AI tools that were Google-only five years ago. Okay, so these tools have been around 5 years - where's the panacea of amazing breakthroughs enabled by "AI"? We've heard plenty about how "AI" is going to be a game changer, but after 5 years the game still seems basically the same. >We saw identical complaints during the dotcom era about "real businesses" getting ignored, The main thing "AI" today has in common with the "dotcom era" is that they were/are both bubbles, and just like the dotcom bubble burst, the "AI" bubble is very likely to also pop. I just hope it pops before the power needs of "AI" raise the global temperature another 1C or 2C. |