""I think it's definitely a bubble for AI-only focused companies. Some of them are going to die, and some of them are not going to be able to live up to those valuations and expectations," said Yanisse. "The valuations are crazy for companies that have no revenue, no profit, so we're watching that.""
""Most of our revenues are not from AI companies. They're from real-world companies across all kinds of industries, from healthcare to small businesses, to automotive, manufacturing, retail those are big businesses.""
""Whether there is an AI bubble or not, the technology will be here to stay," said Arvind Jain, cofounder and CEO of Glean."
AI leaders emphasize the importance of sustainable business practices as investment in the industry grows. They predict that balancing profits with cost-cutting will determine which companies survive a potential AI bubble burst. Major investors warn that many AI companies may run out of cash sooner than expected. Daniel Yanisse, CEO of Checkr, believes some AI-focused companies will fail, citing inflated valuations without revenue. He remains confident in Checkr's stability due to its diverse revenue sources across various industries.
Read at www.businessinsider.com
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