“AI valuations today are unlike anything I’ve seen before,” said Mohit Aron, founder of two multibillion-dollar companies.
The ecosystem has been pushed into an unsustainable zone by valuations, money chasing artificial intelligence startups and circular funding loops, the Indian-origin serial entrepreneur cautioned. “People are raising money on nothing at huge valuations. Much of this stuff is probably going to go bust. VCs are going to lose a whole lot of money,” he said, while talking to ET from the office of SciFin, his latest and third…
