When To Ignore - And Believe - The AI Hype Cycle
VentureBeat, Monday, June 17th, 2024
Picture this: It's 2002. You're lucky enough to get your hands on a first-of-its-kind smartphone that lets you message anyone in the world. Life changing, right?
In the early 2000s, BlackBerry, Nokia and Ericsson were among the companies dominating the cellphone market. Fast forward to 2007, and the debut of the iPhone changed everything and eliminated the previous market leaders.
The iPhone revolution teaches us that the earliest innovators during a tech hype cycle don't always emerge as the long-term winners. In fact, most often they do not. As the AI hype cycle continues to ebb and flow and early-stage generative AI startups sit at lofty valuations, this is a crucial consideration for all founders and VCs.