According to Casey Lau (@casey_lau), Race Capital reviewed approximately 2,000 AI startups last year, with fewer than 1% achieving $1 million in annual recurring revenue (ARR) within 24 months (source: Twitter). This low success rate highlights significant barriers for new AI ventures, suggesting that only a small fraction rapidly mature into revenue-generating companies. For crypto traders, this data signals that hype around AI tokens and projects may not translate into rapid, sustainable growth, underlining the importance of careful project selection and risk assessment when trading AI-related cryptocurrencies. Source: https://twitter.com/casey_lau/status/1929573318140493884