Louise Lucas / Financial Times:

Radical Ventures: AI neolabs, many lacking products, markets, or revenue, raised $24B in the past two quarters, nearly 5x OpenAI and Anthropic pre-ChatGPT  —  It is true that these numbers can hide some sleight of hand  —  It would be a brave or foolhardy investor who set out today to build a new Walmart, Uber or Amazon.

Louise Lucas / Financial Times:

Radical Ventures: AI neolabs, many lacking products, markets, or revenue, raised $24B in the past two quarters, nearly 5x OpenAI and Anthropic pre-ChatGPT  —  It is true that these numbers can hide some sleight of hand  —  It would be a brave or foolhardy investor who set out today to build a new Walmart, Uber or Amazon.

Source: TechMeme
Source Link: https://www.techmeme.com/260925/p2#a260925p2