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I'm an AI software engineer and I predict that most AI startups being funded today will die
(www.businessinsider.com)
this post was submitted on 15 Jul 2023
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AI is the new crypto. Idiots will be fleeced. Schemes will be hatched. Vaporware will vape.
In 2-5 years there will likely be some Intel- or Google-like companies with big controlling stakes in AI. Investing in the them then will likely be a good idea. Trying to figure out now which of the 61,000 AI startups will become them, and hoping to win the lottery in the process, is a fool's game.
Also a non-zero chance that AI itself is all vaporware and the "industry" fizzles out completely.
I thought you were comparing their utility as technologies and I was going to disagree, but as investment opportunities you have a good point.