Have You Heard About The Herd Of Failed And Struggling AI-Focused Unicorns?

These days, we hear a lot about companies seeing soaring valuations as a result of their artificial intelligence prowess. It’s easy to get the impression that an AI-focused business model is the most direct route to investors’ hearts.

In reality, however, investors aren’t so easily swayed. Scores of venture-backed companies touting artificial intelligence technologies have shuttered or seen valuations plummet in the past few quarters. Such cases are particularly visible among those that went public during the 2021 SPAC boom. READ MORE