Remember kids, the “failure” is economic failure, not moral, not utility.

Chatgpt is a “success”. If the company is stealing your face, art, voice but it is making money, they list it as a success.

By that metric, FTX was a “success” until their fraud was revealed.

80% fail economically, how many of those 20% fail morally? How many of those 20% have real utility? (E.g. not only generating weird picture of poor children building Mickey mouse out of bottles)

Tech projects failing is normal, what’s more telling is comparing them to non-AI tech projects.

But according to research by the RAND Corporation, over 80% of these AI projects will fail — which is twice the failure rate for non-AI technology-related startups.

This looks like a crypto bubble.