Podjarny: Massive capital waste occurring in AI due to thousands of duplicate startups
Guy Podjarny · Guy Podjarny: The Future of AI Software Development - What is Real & What is BS | E1232 · 20VC with Harry Stebbings · Nov 29, 2024 · at 4:15
Serial entrepreneur Guy Podjarny critiques the market saturation of near-identical AI startups competing for the same narrow use cases.
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“I think the biggest one also is all of these tiny startups where there's like a thousand, I think in some cases there might be even 10,000 companies doing the exact same thing. So it almost doesn't matter how good they are and how good the use case is. A lot of that money is just that redundant. You know, a lot of these Companies are building the same thing, and so that would surely, you know, a lot of that is waste.”
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