Beware the AI magic show.

The article discusses the concept of magic and deception in the world of technology, specifically focusing on AI start-ups. It highlights the story of the Mechanical Turk, a chess-playing robot that turned out to be a hoax, and draws parallels to the current state of AI technology. The author emphasizes the importance of understanding and skepticism when investing in new technologies, providing three rules of thumb: fully understand the business, recognize and dial down emotions, and slow down the decision-making process. The article concludes by suggesting ways to dial down excitement in the face of hype. [Extracted from the article]

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