Paul Hsu, the founder and CEO ofDecasonic, a blockchain and AI venture fund, said many of his family office clients are asking questions about the AI hype cycle and whether it compares to the dot-com bubble of the late 1990s.
There will be businesses that will be decimated and new upstarts that will help build the future,” said Hsu, whose firm makes up to 10 deals a year. “AI is moving so fast now, it’s a question from an investor standpoint: How fast can you iterate or pivot to these exponential changes? Those that can’t change fast enough will die a fast death.