Elon Musk says today's artificial-intelligence gold rush has inflated startup prices to eye-watering.
Elon Musk says today's artificial-intelligence gold rush has inflated startup prices to “eye-watering” heights, creating “a herd of unicorns” whose valuations often eclipse their track records."The minimum impulse bid for an AI startup is like $1 billion … There are so many frickin-unicorns," the billionaire told Y Combinator's AI Startup School, adding that companies "less than a year old" routinely fetch multibillion-dollar tags.Musk contrasted the frenzy with his own experience...
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