It’s almost like there’s a new wave of companies that are getting funded and people don’t care if they’re down all the time,” he says.
Elad Gil, an alumnus of Google and angel investor in Silicon Valley, has noticed something about the recent success of artificial intelligence (AI) startups: their products often fail to live up to expectations. He points out ChatGPT as one example – it is a product from OpenAI which has become popular despite its tendency to be “down all the time”.
Gil believes this trend highlights how bad advice is sometimes taken for granted by venture capitalists in Silicon Valley when making investments in AI technology. Too often, investors focus on potential rather than actual performance or reliability when assessing whether or not to back a project financially. This can lead them into making decisions based on hype rather than facts and figures – with disastrous consequences for both themselves and those who use their services.
The popularity of ChatGPT shows just how powerful good marketing can be; even if it doesn’t always deliver what was promised initially, people keep using it regardless because they have been convinced that its worth investing money into such projects without considering any other factors firstly.