85% of AI Startups Will Be Out of Business in 3 Years, Major Investor Says - "I would say a lot of the startups today, 85% of them, will be out of business in three years. They will run out of funding. The big incumbents are going to outspend them." - IMO the way we have things setup does not appear to be fundamentally structurally sound and/or sustainable. The difficulty is we don't yet know what structurally sound and sustainable actually looks like, it's broad and complicated and looks different in different situations, yet we are trying to optimise everything into oblivion. Maybe this is where institutions need to step up their game and create a better environment for innovation. www.thestreet.com #
2023/07/19 #
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🎙Capital in the 21st Century with Allen Farrington Ep#434 (TFTC Podcast) - Listenned to this last night, and it's as interesting as the title suggests, though I will say that in places I felt the discussion was a little bit convoluted. I'm not sure what it was exactly, it's like there were way too many words being said as compared to the number of nuggets of knowledge being delivered or something. I find that happens a lot in finance. Maybe they need better metaphores. Maybe they just need to more fully understand the landscape. But that's ok, we are all learning, and they for sure know much more about it than me, and a lot of this stuff is new unchartered territory, so it's understandable. Having said that, I really liked the general approach, structure and I think this topic needs more exploration. I want to learn more about it. I want a better intuitive understanding of what capital-as-a-tool actually means. tftc.io #