The article discusses the hype surrounding artificial intelligence (AI) and its impact on profits, valuations, and startups. It highlights the rapid growth of AI companies like OpenAI and Google, which have attracted significant investments and valuations. However, the article raises concerns about the sustainability of this hype and the potential for a bubble. It suggests that many AI startups may struggle to generate profits and justify their high valuations in the long run. The article also explores the challenges faced by AI companies, such as the need for large datasets, computing power, and talent. It emphasizes the importance of realistic expectations and cautions against overhyping AI’s capabilities. The key takeaway is that while AI holds immense potential, the current hype may not be sustainable, and companies need to focus on delivering tangible value and generating profits to succeed in the long term.
Source: https://www.businessinsider.com/ai-hype-train-profits-valuations-startups-google-openai-2024-7