What in the hell is happening
DarkerKnight
Stealth
a year ago
Another bubble in the making... Though this time when it bursts, the consequences could be catastrophic
Consequences are always catastrophic. VCa could use some brain cells
ProteinPancakes
Stealth
a year ago
AI’s bull run is truly at its peak. Wait for the bear to strike
KeyCurrant4
Stealth
a year ago
“Vapourware”!!
mindv
Stealth
a year ago
If you look at their landing page it justifies the raise 🤣
Tholaram
Stealth
a year ago
Why did I read that as Mistrial. Lol
Founder was staff research scientist at deepmind, guess the other founding team would be of similar caliber. Maybe they were able to raise that amount based on credentials alone.
Didn't find anything else and only 1 guy listed on LinkedIn đź’€
Won't write them off as openAI started in a similar fashion in 2015. But they did have Musk and Altman, so a bit more high profile
GeneralZod
Stealth
a year ago
One simple intervention from the government, and all this AI bubble will burst.
For someone who worked at Deepmind, anybody would throw money at them
1. They have more experience and expertise in the field of AI than you can off.
2. It's a dilution of 45% at this stage.
3. Of course they won't be getting the $105M in one go. VCs have clauses in place to protect the downside.
4. Building an AI model and hiring the right engineers who can build it is extremely expensive.
So baseline is don't judge by this clickbaity headlines made by media. Reality is often disappointing.
MrWane
Stealth
a year ago
Reminds of Crypto.
ConcurrentThinker
Stealth
a year ago
Hopefully this doesn't turn out to be another 2021 funding spree repeat on AI led companies
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