85% of AI Startups Will Be Out of Business in 3 Years, Major Investor Says

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The Street

By Luc Olinga Artificial intelligence will shake up many professions, but many AI startups are likely to fail, as tech startups did during the dot-com bubble, a key VC investor says. The AI revolution is on — and so are the risks inherent in investing in new technologies. This year has seen the start of a race between Big Tech and startups to quickly develop commercial applications linked to artificial intelligence, which supporters say will change everything. AI is already in our daily lives in the form of Siri (Apple), Alexa (Amazon), medical devices (scanners), and cars (driver-assistance …

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