Comment by jimkleiber
Comment by jimkleiber 2 days ago
The crypto train kinda ran out of steam, so all aboard the AI train.
That being said, I think AI has a lot more immediately useful cases than cryptocurrency. But it does feel a bit overhyped by people who stand to gain a tremendous amount of money.
I might get slammed/downvoted on HN for this, but really wondering how much of VC is filled with get-rich-quick cheerleading vs supporting products that will create strong and lasting growth.
I don't think you really need to wonder about how much is cheer leading. Effectively all of VC public statements will be cheer leading for companies they already invested in.
The more interesting one is the closed door conversations. Earlier this year, for example, it seemed there was a pattern of VCs heavily invested in AI asking the other software companies they invested in to figure out how to make AI useful for them and report back. I.e. "we invested heavily in hype, tell us how to make it real."