The approach of three new Chinese EV automakers demonstrates the value of legitimacy for venture building; these firms were able to reach volume production just two to four years after they were founded, compared to Tesla, who took 9 years. They raised nearly $7 billion in venture funding and all
Your use of AI is probably succeeding in countless ways; however, AI has the potential to fail you, and in a big way: by sealing down the fate of your business and career. In fact, you might not even be able to prove that AI is driving you or your stakeholders to profit at all. Failures in the world of AI today can be small or enormous. Take for example IBM’s “Watson for Oncology.” The initiative had to be cancelled after $62 million in spending lead to unsafe treatment recommendations.