Home / Series / Modern MBA / Aired Order / Season 2024 / Episode 6

Why AI Is Tech's Latest Hoax

Tech is a sector unlike any other - it’s an industry where individuals can turn into billionaires overnight, ideas supersede fundamentals, and leaders are rewarded for showmanship. In today’s Silicon Valley, innovation is crowned and not earned. Venture capitalists and founders are symbiotic. Unprofitable companies are kept alive with injections of capital, gamed valuations, and manufactured hype with the goal of surviving long enough to IPO. Starting in the early 2010s, Silicon Valley had championed big data as a revolutionary technology that could unearth deep insights, hidden patterns, and innovation from massive amounts of data. Yet the market started to question in the early 2020s if any of these promises had even been real as nearly all consumer and SaaS startups were still bleeding nearly a decade later. Out of nowhere, ChatGPT was released and AI became Silicon Valley’s next big thing. Every tech company is now an “AI company”, every Fortune 500 needs an “AI strategy”,

English
  • Originally Aired May 26, 2024
  • Runtime 36 minutes
  • Created May 26, 2024 by
    blue_gandalf
  • Modified May 26, 2024 by
    blue_gandalf