Investors Are Pouring Money Into AI Startups. Is It the Next Bubble?

WSJ Tech News Briefing

The Wall Street Journal

Tech News, News

4.3 • 1.7K Ratings

🗓️ 30 April 2024

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Investments in artificial intelligence startups are heating up. Last year, investors poured more than $20 billion dollars into generative AI deals. But some of these companies, some of which have billion-dollar valuations, haven’t turned a profit or don’t have a product. WSJ venture-capital reporter Berber Jin tells host Alex Ossola more about this ecosystem, and why some are already concerned that it could be a bubble. Plus, scammers are using AI to target recent college grads looking for jobs. WSJ workplace reporter Ray Smith talks about how to stay safe online. Listening on Google Podcasts? Here's our guide for switching to a different podcast player. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Is crypto perfect? Nope, but neither was email when it was invented in 1972 and yet
0:06.3	today we send 347 billion emails every single day.
0:12.0	crypto is no different.
0:13.3	It's new, but like email, it's also revolutionary.
0:17.3	With Krakin, it's easy to start your crypto journey with 24-7 support when you need it.
0:22.4	Go to Krakin.com and see what crypto can be. with 24-7 support when you need it.
0:22.6	Go to Krakin.com and see what crypto can be.
0:25.2	Don't invest unless you're prepared to lose all the money you invest.
0:27.2	This is a high-risk investment and you should not expect to be protected if something goes wrong.
0:30.0	Welcome to Tech News Briefing. It's Tuesday April 30th. I'm Alex Osella for the Wall Street Journal.
0:39.2	Coming up on today's show, scammers are fooling recent college grad looking for jobs and they're using
0:45.3	artificial intelligence to do it. We'll hear more about the scams and how you can protect yourself
0:50.6	from W.S.J. Workplace reporter Ray Smith.
0:54.0	And investors are pouring money into startups
0:56.8	built around artificial intelligence.
0:58.9	It's pushing some companies to billion dollar valuations,
1:01.9	even if they don't have a product yet.
1:03.7	W.S.J. Venture Capital reporter Burber Jin joins us to talk about whether this has the
1:08.5	makings of an AI bubble.
1:11.1	But first, fraudsters have long tried to get personal information out of people online.
1:19.2	But now, with the help of AI, these scams have gotten a lot more sophisticated.
1:23.7	In the latest version, fraudsters are targeting recent college grads looking for jobs.
	...

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