garius, The standard cycle for any post-internet digital product is:
- hyped to fuck
- draws crazy investment
- loses loads of cash
- "monetisation will be easy!"/"economies of scale!"
- data-tracking is added that proves otherwise
- Most companies go bust
Was true for digital ads, Facebook video, podcasts, airBnB/Uber clones etc.
There's a point where data allows value to finally be calculated. Then the revenue-positive products turn out to be a tiny fraction of the market.
https://www.theregister.com/2024/04/03/stability_ai_bills/