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AI neolabs raised $24B in two quarters, nearly 5x OpenAI and Anthropic pre-ChatGPT

#ai#funding#neolabs#venture-capital

Radical Ventures reports that AI neolabs, many without products, markets, or revenue, raised $24B in the past two quarters, nearly five times what OpenAI and Anthropic raised before ChatGPT. The report notes that these numbers can hide some sleight of hand.

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  1. Techmeme
    Radical Ventures: AI neolabs, many lacking products, markets, or revenue, raised $24B in the past two quarters, nearly 5x OpenAI and Anthropic pre-ChatGPT (Louise Lucas/Financial Times)

    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.

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