![]() ![]() ![]() In most cases, they offer a superficial application layer built upon OpenAI, meaning these solutions are unlikely to have long-term viability. So why do I think most ChatGPT startups will, ultimately, fail? First, the majority of "ChatGPT startups" lack substantial product innovation. As investors, there is a responsibility to assess the value of companies using generative AI, not only in their own firm and Limited Partners (LPs), but also for startups in the technology industry. Although there are undoubtedly significant opportunities for companies that effectively implement generative AI, it is important for investors to exercise caution when creating hype around this technology. ![]() Consequently, the sad reality is that the majority of startups offering ChatGPT-based solutions in the market will likely fail. While it may appear as a groundbreaking advancement in computing and human cognition, it primarily relies on extensive computational resources and a vast dataset. However, let’s just take a moment to adopt a more nuanced perspective on its significance. Since its launch in November 2022, ChatGPT has created a huge buzz - not only among the general public but also in the investment community. What we’re witnessing today is undoubtedly a watershed moment in technological progression. The words on every investor’s lips right now are ‘generative AI’. RTP Global Partner Alex Pavlov weighs in on why it’s important for investors to not buy into another hype cycle that will result in overestimated valuations that these startups’ performance won’t be able to match. Why most ChatGPT startups will likely fail – and what to do about it Insights creates insight and guides strategies with its comprehensive content and reports. ![]()
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