Overrated AI Startups Are Getting Their Funding Pulled

Ever since the launch of ChatGPT in late 2022, the AI sector has exploded in popularity with every company under the sun trying to launch their own AI products and services. Most of these inventions had little to no utility whatsoever, yet VCs were excited to fund them blinded by the excitement of not missing out on the next big thing. But, with interest rates skyrocketing and VC funding largely cooling down, we have seen a significant slowdown when it comes to AI as well. A lot of smaller AI startups are simply closing shop and filing for bankruptcy but even the larger AI companies are facing obstacles. For example, OpenAI has faced challenges with its user base bleeding month after month. They have also yet to receive the full $10 billion promised by Microsoft at the beginning of 2023. This video explains the history of AI booms and busts why this industry has always suffered from high volatility and why that probably won’t be changing anytime soon.

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Timestamps:
0:00 - The State Of AI
2:17 - A Tumultuous Industry
6:33 - The AI Pitfalls
9:35 - The AI Phonies

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This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research.
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