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this post was submitted on 30 Aug 2024
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Fuck AI
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This looks like a crypto bubble.
20% success rate, that's pretty high to say it would ever go away. 80% of restaurants close in the first five years, that bubble hasn't popped.
But it has historically over the past 50 years been dominated by franchised chains. Which is to say.....terrible.
Agreed, which inevitably means chains would lower the rate of failure as well, so I imagine first timers fail at higher rates : / I always regret that I don't eat at more hole in the walls.