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The Ai Hype Bubble Is Deflating. Now Comes The Hard Part.

by pressherald.com posted 3weeks ago 33 views
Venture Capital
The tech industry got the world’s attention with AI. Now it’s busy convincing people to pay for it. : SAN FRANCISCO – Last June, Inflection AI was riding high. The artificial intelligence startup founded by veterans of Google’s famous DeepMind AI lab had just raised $1.3 billion from Microsoft and tech billionaires Bill Gates, Reid Hoffman and Eric Schmidt to build out its chatbot business. The OpenAI logo is seen on a mobile phone in front of a computer screen which displays output from ChatGPT, March 21, 2023, in Boston.