AI productivity tools are overhyped and overfunded. Investors should look elsewhere | Fortune
AI productivity tools are overhyped and overfunded. Investors should look elsewhere | Fortune
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Venezuela oil minister to U.S. companies: ‘It's an entire world waiting to be discovered’
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Trending
Venezuela oil minister to U.S. companies: ‘It's an entire world waiting to be discovered’
Current price of oil as of August 20, 2026
Teachers in one of San Francisco's richest suburbs are so underpaid that a philanthropist just gave each of them $9,161
Venezuela oil minister to U.S. companies: ‘It's an entire world waiting to be discovered’
Current price of oil as of August 20, 2026
Teachers in one of San Francisco's richest suburbs are so underpaid that a philanthropist just gave each of them $9,161
Commentary
Venture Capital
AI productivity tools are overhyped and overfunded. Investors should look elsewhere
Sanjot Malhi
Sanjot Malhi
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Sanjot Malhi
Sanjot Malhi
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August 21, 2026, 3:30 AM ET
Sanjot Malhi
, Partner and Head of the Growth Fund at
Northzone
.
Sanjot Malhi, Partner and Head of the Growth Fund at Northzone.
courtesy of Northzone
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The world does not need any more AI productivity tools.
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We’ve evaluated such tools running well into triple digits in the past 12 months alone, and believe that the vast majority of those are destined for the graveyard.
We’re in the most exponential cycle of innovation, and therefore value creation, the world has ever seen. Not only has AI allowed for tremendous productivity increases, the rate of change is unprecedented. It is both the most exciting, and amongst the hardest, times to be a venture investor.
The years 2023 and 2024 saw a mind-boggling rise in AI productivity tools. Vibe coding became real with Lovable, lawyers harnessed Harvey, doctors slashed admin with the likes of Abridge and even the common office worker became far smarter with note taking assistants like Granola. They all deliver as advertised: they search, they summarize, they automate, they save time and capture very useful context in the process. They p