I'm just wondering if these guys have no financial literacy or just are really optimistic and want to burn through the cash to give them the best chance?
I kind of doubt of spending money at that rate does give them the best chance, but maybe they do.
Sounds like fraud from top to bottom.
> Before Engineer.ai largely rebranded to Builder.ai, it attracted a minor scandal. Engineer.ai claimed to have built a largely automated app development platform, but the platform in truth relied heavily on human engineers, according to The Wall Street Journal.
AI: Actually, Indians.
The AI bubble really seems to run more on dot-com logic than _anything_ we've seen since the dot-com bubble (I'm curious how much of this is just generational turnover, with the lessons learned in the dot-com bubble beginning to fade). More spending equals more better, the revenue streams will just appear if you spend enough money and believe hard enough.
What VC backed companies take bootstrapping seriously? It’s mostly growth achieved via money not sustainable business plans.
