Too Many Frickin' Unicorns!”* Elon Musk SLAMS AI Startup Craze — Calls Valuations “Eye-Watering” & Warns of Big Crash Ahead!
Too Many Frickin' Unicorns!”* Elon Musk SLAMS AI Startup Craze — Calls Valuations “Eye-Watering” & Warns of Big Crash Ahead! 🦄💰 “The minimum impulse bid for an AI startup is like $1 billion…” — Elon Musk, shaking up Silicon Valley with his no-filter warning on AI startup insanity! The AI gold rush of 2024–25 is in full swing — but Elon Musk just dropped a truth bomb that has the tech world reeling. Speaking at Y Combinator’s AI Startup School, Musk warned that today's startup market is wildly overvalued, calling it a “herd of unicorns” galloping blindly toward a possible bust. He compared today’s $1B+ valuations to his own modest $300M exit from Zip2 in 1999, saying the current AI mania is pricing startups beyond reality — even when they have zero revenue...