Why didn’t AI come out sooner We’re their failed venture in chat bot before The potential market for AI is obviously huge nowadays why aren’t the visionary companies investing before

AI has been around for several decades, but its development has been slow due to various factors such as lack of computing power, limited data availability, and high costs. Additionally, the early attempts at AI were focused on rule-based systems which were not very effective.

There have been failed ventures in chatbot development in the past, but those failures were mainly due to the limitations of technology at the time.

The potential market for AI is undoubtedly huge, but it takes time and resources to develop effective AI solutions. Visionary companies may have been hesitant to invest in AI earlier due to the perceived risks and uncertainties involved in developing such complex technologies.

However, in recent years, advancements in computing power, data availability, and machine learning techniques have made AI more practical and affordable. As a result, many companies are now investing heavily in AI research and development.