People ask how an unprofitable industry can attract so much investment. I think this, from Signal CEO Meredith Whittaker, helps answer: "Venture capital looks a
Signal CEO Meredith Whittaker argues that venture capital's focus on growth and compelling narratives, rather than profit, fuels a hype cycle in the tech industry. She suggests that this system rewards the creation of hype itself, often without delivering tangible social returns or meaningful technological progress. Whittaker points to past industry obsessions like the metaverse and Web3 as examples of this pattern, indicating that hype is a core component of the current tech business ecosystem. AI
IMPACT Explains how venture capital's focus on hype over profit can influence the development and investment in AI technologies.
