Jersey Mike’s IPO illustrates how bad the AI hype has become
I can’t tell the exact tipping point from realistic excitement over a new technology, to hype, to aww-come-on — but I’m pretty sure when a sandwich shop with Danny DeVito as its public face talks about AI in its IPO documents, we must be getting close.
So it is with Jersey Mike’s.
Because of investor thirst for all things AI these days, I understand why tech companies feel the need to sprinkle AI dust all over their pitches. This is as true for non-AI startups raising venture capital, as it is for Bending Spoons’ public debut, a company in the business of buying aging, “not-AI” tech companies to rehabilitate.
Just for kicks, I took a look at Jersey Mike’s IPO documents to see how far this compulsion may go. Surely a sandwich shop would have no need to mention AI in its S-1. But lo and behold!
The...
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