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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.

Coverage timeline

  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.