No, because they mostly got military funding, not private equity.
ARPA would throw relatively large sums of money at you, but demand progress reports and a testable goal. Very little got rolled out based on hype. (Let's not talk about vehicle design.) If your project didn't show signs of working, or not enough signs of working, funding ended.
Anything which met goals and worked, we now think of as "automation" or "signal recognition" or "solvers", not "intelligent systems".
ARPA would throw relatively large sums of money at you, but demand progress reports and a testable goal. Very little got rolled out based on hype. (Let's not talk about vehicle design.) If your project didn't show signs of working, or not enough signs of working, funding ended.
Anything which met goals and worked, we now think of as "automation" or "signal recognition" or "solvers", not "intelligent systems".