What is wrong with people who pitch AI startups but they are really AI wrappers?

If it ends up getting paid customers and solving a problem in a niche, one can always move to their own hosted llms in future, genuine question - what is the issue in that?
Api call to gpt3 might be the mvp version of a truly ai company, isnt it?

AI wrapper is a poor term. It's like saying every app is a Ui layer on SQL tables.

By that logic, isnt vercel just a aws wrapped and hence not investable?

Because when someone pitches you actual AI algorithms, you make fun of them for being too out of touch, or underdressed, or compare them to a random AI wrapper startup.

Indian VCs are getting what they deserve. Drive out all the actual technical talent to America in their love of charlatans (being charlatans themselves).

Most good AI talent I knew lived in Hyderabad and Bangalore is now working for one of the US companies while Indians are funding and hiring posers.

GPT is good at mimicking human answers. Like a chatbot. But you need reliable information. For example, I’m working on an AI finance app. We are working to stabilise consistency of data which is a very difficult problem. But we don’t expect our AI to behave like a chatgpt. So a collaboration between two optimised AI is the path forward. But honestly, it’s too early to see the winners and losers of the AI race!