Leading China VC Kai-Fu Lee warns an investor reckoning is coming for unprofitable AI companies

The halcyon days where venture capitalists were content forking over billions to the latest AI startup, as researchers burned through cash with little to show for it, may be all but over. A “reckoning” is coming soon for AI companies that fail to turn a profit as the new technology matures, Kai-Fu Lee, chairman and chief executive of Sinovation Ventures, said at the Fortune Innovation…