Can ChatGPT and AI rescue struggling tech firms from short-sellers?

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A recent report from MarketWatch highlights the struggles of tech startups in the stock market and their reliance on investments, as 90% of publicly traded unicorns have proven to be unprofitable. Venture-capital funding is also down, reaching a record low in the United States, which is dampening the enthusiasm of wannabe investors. An increasing number of people are also worried about machine learning and AI solutions in this space, with black-box text generators becoming a more common occurrence. While incredible feats have been achieved, they are also not to be relied on entirely, said one major IT visionary. Without the ability to truly cross over from basic language processing into complex understanding, they cannot replace human intelligence or real-world decision-making. The report calls for a need to be aware of the hype surrounding AI and cautioning that long-term profitability in the tech industry requires more than just the ability to generate coherent prose.

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