this post was submitted on 28 Oct 2024
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Their goal isn't to make AI.
The goal of both the VCs and the startups is to make money. That's why.
It’s not even to make money, they already do that. They need GROWTH. More money this quarter than last or the stockholders don’t get paid.
Growth doesn't mean revenue over cost anymore, it just means number go up. The easiest way to create growth from nothing is marketing tulips to venture capital and retail investors.