Jeffrey Lee Funk on Unicorns, Hype, and Bubbles
Peoples & Things
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Unicorns, AI, and the Reality Gap
This chapter explores the challenges of the startup culture, particularly the prevalence of unicorn startups operating at a loss amidst unsustainable valuations. It also discusses the current state of generative AI, highlighting both its practical applications and limitations, while stressing the importance of profitability and process improvements in advanced technologies. The narrative reflects a shift in perspective on technology and market trends, from optimistic visions to a more critical understanding of the realities faced by the tech industry.
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