Why I don't invest in AI

During the AI boom of the 1980s, the field also enjoyed a great deal of hype and rapid investment. Rather than considering the value of individual startups' ideas, investors were looking for interesting technologies to fund. This is why most of the first generation of AI companies have already disappeared. Companies like Symbolics, Intellicorp, and Gensym -- AI companies founded in the '80s -- have all transformed or gone defunct. And here we are again, nearly 40 years later, facing the same issues.