Dr. Jeffrey Funk discusses his book Unicorns, Hype, and Bubbles, offering critical insights on the current tech bubble, the limitations of AI, and the dangers of overhyped investments in today's startup culture.

Guest Bio:
Dr. Jeffrey Funk is a technology consultant, engineer, and retired professor with experience in academia and industry across the U.S., Singapore, and Japan. He holds a Ph.D. from Carnegie Mellon University and has been involved in the tech sector for decades, teaching courses on economics and new technologies.

Topics Discussed:

The AI bubble and its financial implications

• The challenges of AI adoption and revenue generation
• The reality of technological advancements and the lack of substantial innovation
• The evolving startup ecosystem and the rise of hype-driven investments
• The impact of low fertility rates on technological growth
• The flaws of modern education and the need for real-world context in teaching

Key Takeaways:

• AI is overvalued with low revenues.
• Technological progress today is less impactful than in the past.
• Startups focus on hype over profitability.
• Many tech metrics are misleading.
• Generative AI's impact is slower than expected.
• 90% of unicorns remain unprofitable after 10 years.
• The economy is driven by hype, not real progress.
• Investors are swayed by narratives, not business models.
• Education needs practical skills and critical thinking.
• Student debt remains a significant burden.
• Declining fertility rates challenge economic growth.
• Technology hype often overshadows practical impact.

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