2023/10/26

AI Revolution Another VC Hype Cycle, Meredith Whittaker Says

● 26/10/2023
“Silicon Valley runs on VC hype. VCs require hype to get a return on investment because they need an IPO or an acquisition. You don’t get rich by the technology working, you get rich by people believing it works long enough that one those two things gets you some money.”
– Signal Foundation president Meredith Whittaker, demystifying the AI revolution at the Washington Post Futurist Summit. “We need to be clear about what we are responding to: ChatGPT is an advertisement—a very expensive advertisement,” Whittaker insists.
Washington Post
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