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Why It Matters
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.
Provenance
Discovered via TechMeme and published by techmeme.com.
Original description
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.
Discovered via TechMeme
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Publisher: techmeme.com
ID: https://www.techmeme.com/260925/p2#a260925p2 · Indexed about 2 hours ago