AIFinancial Times2h ago
Radical Ventures: AI neolabs, many lacking products, markets
Radical Ventures: AI neolabs, many lacking products, markets, or revenue, raised $24B in the past two quarters, nearly 5x OpenAI and Anthropic pre-ChatGPT
TL;DRAI startups without products raised massive funding while established leaders raised far less.
Why it matters: Suggests potential bubble; investors chasing hype over proven business models and traction.
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.
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