Venture capital is having a bad time — and AI isn’t going to fix it
Venture capital is having a bad time — and AI isn’t going to fix it
The AI bubble is substantially fueled by venture capitalists looking for a lottery ticket. They’ve dragged along big tech companies who are looking for enterprise upsells. The big techs are also VC…
Oof, that DEAL act thingy looks gross.
That would take us right into Albanian pyramid scheme territory.
Developing and Empowering our Aspiring Leaders (DEAL) Act
That can’t possibly be the actual name of that thing. It sounds like something out of North Korea. The fuck are these people smoking?
It’s something of a tradition to occasionally frankenstein together a backronym for bills/acts. Feel free to search “worst US backronyms” or similar for more!
Is there any reporting on it? I can't find literally any article beyond the raw text.
I'd be happy if the VCs responsible for this bubble died penniless, but I'll take them losing a lot of money
As usual, the business fundamentals thing happens after the compensation has been paid out.