Topic: 85% of AI start-ups will fail within 3 years. (Read 677 times)

I may not agree with the exact percentage but it won't be a surprise.
It has already been stated that 45% of businesses fail during the first five year so it won't be different with AI start ups.
What's worst for AI start ups is that they're in a very dynamic and innovative industry with very strong competition. It takes a while lot to survive as a business and much more to survive as a tech startup. There are bigger and we'll established companies that offer what you're offering, but maybe better. They have all the resources and funding that start ups lacks.

So it will be better if a start up can offer what people need. Solve a problem. Don't just follow the crowd in doing the same thing with a different name. When you provide what people need, don't just stop there, like I said it's an innovative industry. New innovations and updates come out all the time. There's actually a lot of work if they want to succeed

Everything has its pros and cons, and it depends on how we use it.  although AI technology will be a great assistant for us in many different areas of life, it is not wrong that many people worry about them.  i also believe that when AI is fully developed, there will be some jobs taken by humans that will be replaced by it, thereby creating unemployment. but we can also avoid that by always looking for ways to improve our skills and qualifications so we don't get fired. the world is getting harder than ever, even without AI, if we don't progress, we will be eliminated.

Many people we know are concerned that AI will eliminate their jobs, yet they fail to appreciate the positive aspects of this technology. They don't realize that AI has incredible potential to dramatically increase productivity in the office

Considering this... Artificial intelligence can accomplish many things without tiring or getting bored. Since it's a fact that machines can perform arithmetic much more quickly and accurately than humans, they could replace people in some positions. However, AI is typically used as an assistant, a Robin to our Batman, in most fields. In order to accomplish our jobs better, it can give us the information, understanding, and automation we require. Instead of focusing on the posibility of being replaced, we should be excited about the ways in which AI might improve our efficiency. Artificial intelligence makes the future more promising; we should welcome it

That's right, how can it be used immediately, especially those that require high thought. AI is robot thinking in scope to help facilitate the completion of a job, not to replace our role as humans as workers let alone totality. I think basically those who create AI have great intentions to make it easier for other people to work because normally human intelligence is different and there are levels. As in trading, there are sellers and buyers.

AI actually provides more advantages than disadvantages but only if people start seeing it positively, all we think about AI is that it will take our jobs and replace humans, etc., but what we don't think about is how helpful it can be for us in a workplace, AI can do almost anything if you set it up for it, there will be AIs for almost every sector and they can be used to bring more efficiency in the work if they are used in the right way by the right people.

In my personal opinion, AI might replace some jobs where only a single entity is required and AI might be able to do the work more efficiently and accurately than a human, but for most sectors, AI can be used as an assistant and help people with their work and won't replace them.

We don't need to wait for 3 years to see AI start-ups fall apart.  Starting from the cryptocurrency start-up that take advantage of the popularity of AI, the majority of them are already experiencing less attention from people which can lead them to bankruptcy in just months of their launch.  Others are even DOA due to saturated projects that sprouts everywhere and asking for financing from investors.

AI will stay but only those who have the capability both in funds and development will be able to withstand the time of testing and be able to advance in AI technology.

Jasper's been around for a lot more than 3 years, and have only increased their pricing so I don't think we're quite ready to see them leave just yet (pretty sure it's the same for a lot of others I've seen around since at least 2017. Fireflies comes to mind. They're products that fill problem gaps, so they went the right way about it.

Now all these new crypto AI projects are creating demand for the supply cart that's come before the horse. A lot like the 2017 "tokenisation" craze.

And then all you forum folk posting with AI rewriters, just loving it aren't you =D

Surprised no one ever made (or at least not publicised) an AI for Bitcoin mining. As in, to mine in optimum conditions, and then stop and move on to other PoW crypto automatically -- I know Minergate used to have a software for that, I used it myself. But it was 100% mining Monero

It is undeniable that technology is growing and it continues to reap pros and cons but what is certain is that when it will be profitable then humans will take advantage of it, big companies must be able to continue to use technology to their advantage regardless that many other people will oppose because of the loss their work.
If the use of AI continues to have a positive impact then I think this will continue and even make it possible to get even better, now we have to be realistic in this increasingly sophisticated world.

There were IEO's also in between. All were welcomed by the community and today only handful of such projects are known. People went crazy for NFTs too and I am the dumbest of all to not invest even a single penny in NFTs. There is not much corelation between crypto and AI but start-ups are bringing AI to crypto to earn some bucks.
The point is such things will keep coming to crypto with time. its us who has to make decision regarding investing our money or not. Crypto market is unregulated and there is little hope of recovery in case you fell victim to some scam.

I agree with you, It totally depend upon people how society will take it, he/she looks like an opportunity or loose their hope and stop being competent. If there is some disadvantage like it may replace some jobs by AI. But there are several advantages as well like AI drives down the time taken to perform a task, AI operates 24x7 without interruption or breaks and has no downtime, which is almost impossible for human or if it is possible then it may need more manpower and most important thing is differently able people never fell incomplete because AI augments the capabilities of differently abled individuals.

humanity will always cope with the evolving technology. it is true that some jobs can be replaced by AI. however, do take note that some jobs are also created out of this. so it depends on the people how he will make himself competent with the current requirements in the job market. people can adjust by equipping himself with the current needs.
the development in AI industry for sure will assist a lot of repetitive problems in the industries. so we need to look at the brighter side of this rather than linger on its negative impact in the job industry.

There are fear in human society that AI will replace human jobs soon. When in India on 1955, the government introduce computer for first time to Indian citizens that time people was afraid to loose their jobs But who learn computer that time, they got more opportunities because technology always create more jobs. In same ways when AI succeed then more jobs opportunities will be create. For first time it may seems like it is replacing human task or jobs but at the end AI expands job market for human being.

It is worth evaluating all possible options, I do not agree that AI does not contain any dangers to humans. Perhaps for many things AI will be used for the benefit of humanity, but there is also a certain threat. But this topic is not about the dangers of AI, but about how successful projects are. It seems to me that now it is difficult to say in percentage terms, but it seems to me that the statistics will be the same as in any other direction, and on average 9 out of 10 projects will fail over 10 years.

I read an article on the weekend that analysed the last few earning calls of the biggest corporations and how often they would mention AI in it. They found that since 2021 there was a huge increase in focus on AI from all types of sectors like Financial Services, Pharmaceuticals, Tech Giants, etc. So we can already see today that most companies identified the great potential of AI and the need to be part of the change. What many companies are doing now is trying to setup teams to develop their own AIs and not take the AI from other companies. Which would make future acquisitions not so important if the knowledge of AI is already inhouse. It's interesting to see a lot of new companies focusing on AI, but I am not so sure in how much value they are going to bring to the table. When all the big companies develop their own AIs then the profit potential for these startups will be very limited and it could be very likely that we are seeing a big rise in bankruptcies over the next few years.

Theres no danger of AI stopping a person finding a job that they were capable of before.    The failure in AI startups is because its not easy to deploy this technology or to replace humans who can do so much in a variety of ways without alot of investment.
  What will happen is AI is a tool to assist people, in fact its already out there.  The idea we have massively leaped forward somehow is a bit of a dream, I do hope we took at least a step forward but its been at great cost and even now will take time to actually develop and mean something.    AI in operation now is going to be found on queues of people waiting to query a company customer service on some issue.   Extremely common repetitious low quality info, like the product is non responsive & AI will answer we have a service update ongoing for an hour please phone back.  Do you really want an intelligent human have to speak those words a thousand times over, its the greatest of waste to make a person say something so simple.   We know from the past computers, machines are the best usage with unwanted work; this is all thats going to happen.
  They arent taking over the world, great things are possible and they could already beat us at chess 25 years ago so even greater things but it is about repetition and best use of highly versatile humans efficiently put elsewhere.   It will make the people better placed and society richer, nothing to fear imo.

It is quite understandable considering the fact that A.i tech hasn't generated alot of usage prior to its current introduction.
It is still under very much scrutiny and care ought to be taken where these living computers  have little restrictions or fail-safes.
Any start ups relying on it to scale profit heights, will have to be more patient till it gains human trust of usership.

No different from the normal startups that would require at least 5-7years before one can truly say it is successful, is also an A.I integrated business with same or close to same fate.  
If entrepreneurs learn to fix their strategies or methods of executing their business ideas on time, even an A.I start up, would survive, thrive and expand into other sectors of growth.

I believe it will be higher than 90% in my own understanding. The AI hype has come to stay and I believe the ChatGPT is just the start of the good thing we should expect from the AI evolution and most of these companies just want to ride the hype and do not know how these AI should be incorporated into their company. If company like Google are struggling with this decision, I know a lot of these companies don't even know what to do

The reason why most of them will fail is because they were created for the developers' main desire of pocketing the money.
I believe, very few of them have the mission of really launching their project to the public and have real use for it.
So yes, a lot are just riding the hype, trying to pocket some, and move on. They don't want to sustain their business in the first place.
And for sure, some of them don't even have the idea how this business works, they have no knowledge on how to move forward with their developments.

AI is not as scary as you think, they will not eat us or take our jobs. Technology is developed for the purpose of making people more and more convenient, it is not created to be a killing machine that takes away jobs and pushes us to the edge of the abyss. Society is developing like a storm and we also need to adapt to them if we do not want to be eliminated. Let's always improve ourselves and make ourselves better if we don't want to be left at the bottom of society.

I am %100 sure not even 85 but %95 of AI startups will fail. Most of them are trying to be early birds here attracting people to invest and make money. Most of them do not add a lot on top of OpenAI project. I think leftovers can be huge tho. For example I saw grammarly take on AI assistance application. It looked awesome to me. It was suggesting possible e-mail with different moods for example. Clever ideas will always be successful. I would invest in such brightminded AI projects for sure but its hard to be sure about their development process.