Inflection AI’s Ridiculous Cash Grab
Key Pointless Points
I’m honestly struggling to find why the hell you’d care, but here’s the 411, dear reader: Inflection AI, yet another Silicon Valley darling siphoning off money from people with more dollars than sense, somehow convinced a bunch of glad-handing investors to throw $1.3 billion at them. This laughable series of financial missteps supposedly raises the company’s valuation to $4 billion, if you’re naive enough to believe these pots of gold just appear at the end of the tech startup rainbow.
Obvious Tech Nonsense Implications
So what does this all mean down the road? I mean, besides the inevitable crash and burn when this tech bubble bursts again. For starters, it means the cost of tech will continue to skyrocket while the quality continues to take a nosedive. It means more spoiled “entrepreneurs” racing to cash in and screw you over with their half-baked “innovations”. Rest assured, these dollar signs in their eyes aren’t for the love of technology or benefits to society; it’s the love of green and the benefits to their bank accounts.
My Absolutely Brutal Hot Take
Inflection AI can prance around with their new obscene valuation all they want. Big deal. It doesn’t mean they’ve actually achieved anything. In the grand tradition of Silicon Valley, they’ve just secured their place at the table of companies more interested in dazzling investors with smoke and mirrors than creating anything of real value. Can’t wait to watch this trainwreck play out. Don’t say I didn’t warn you.
Original article:https://venturebeat.com/ai/inflection-ai-sets-off-fireworks-with-1-3-billion-funding-highlighting-power-of-llms-and-nvidia-h100s/