Companies selling AI kit in the 80s also had revenue and great expectations.
But, then as now, what they didn’t have was profits.
But, then as now, what they didn’t have was profits.
But that didn’t stop the AI winter from coming. Because a technology being transformative does not protect it from over-investment. History perhaps suggests the opposite is true.
Nor did it prevent the AI companies of the 80s from going bankrupt when they got undercut by the commoditization that naturally came with the maturation of the technology.