I lived through the dot.bomb and my partner and I had several successful AI projects completed. We concluded that the world was not ready for AI and stopped pursuing it. We had completed three successful projects: banking, career matching and geology. We discovered that each project success was a one-off.
We disbanded the company soon after.
During the current hype cycle, we have observed that early successes are hard to replicate and often produce wrong answers. In our incarnation, the AI had to be guided through the problem space to avoid it getting off the rails. That proved to undermine the confidence in the approach.
my partner won an outstanding achievement award for creating the base technology that enabled the creation of Celestica! Too bad we did not hold onto their shares.
So beware any company that has participated in the current stock balloon based primarily on AI as the balloon will eventually pop!
We disbanded the company soon after.
During the current hype cycle, we have observed that early successes are hard to replicate and often produce wrong answers. In our incarnation, the AI had to be guided through the problem space to avoid it getting off the rails. That proved to undermine the confidence in the approach.
my partner won an outstanding achievement award for creating the base technology that enabled the creation of Celestica! Too bad we did not hold onto their shares.
So beware any company that has participated in the current stock balloon based primarily on AI as the balloon will eventually pop!
