_stranger_@lemmy.worldtoTechnology@lemmy.world•Research shows more than 80% of AI projects fail, wasting billions of dollars in capital and resources: ReportEnglish
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20 days agoVenture Capital is probably the best way to drain the billionaires. Those billions in capital weren’t wasted, that money just went to pay people who do actual work for a living. What good is all that money doing just sitting in some hedge fund account?
Oh sure, I was mostly being flippant. My response to the article is basically that billionaires losing billions is a good thing. I don’t feel optimistic enough to say we’ll get around to taxing them but yes, that would be ideal.