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IRL to shut down after faking 19M users, ZIRP fraud, Databricks acquires MosaicML for $1.3B | E1768
This Week in Startups
The Importance of Allowing AI to Mature Before Monetizing
The drive to monetize AI too early in the process is misguided. It is important for the industry to mature and understand the right business models./nFinding the right business model may take time, as seen with Google and their development of the CPC model for Search./nMonetizing products too soon can result in missing out on the potential uplift from mass user adoption and valuable data./nAccess to capital is not easily available to everyone, forcing some to focus on making profit and grinding away./nGathering data and receiving customer feedback are often more important than immediate monetization./nThoughtful pricing is necessary to ensure that potential customers are not discouraged from eventually paying for the product.
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