Let’s explore how today’s early AI era is like the unicorn-filled, heavily VC-funded early 2020s. (Part 3 of 3)
SHOW: 830
SHOW TRANSCRIPT: The Cloudcast #830 Transcript
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THE EARLY 2020s were SHAPED by COVID and FREE CASH
- VCs were pouring money into startups; “unicorns” were a daily occurrence
- Many assumed that “today’s normal” would be the “forever normal”
- Business models were drowned out by technology fascination
DO CURRENT AI ECONOMICS AND FUNDING LEVELS MAKE SENSE?
- VCs and cloud providers are funding infrastructure like it’s 1997-2000
- Business models around AI are still being sought out
- Funding valuations have no basis in anything real, at least not yet
- Are we near an AI (economic) crash, or at least deflation of the bubble?
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