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)
Investors are funding AI labs before the usual signs of a business exist.
Radical Ventures says these “AI neolabs” raised $24 billion over the past two quarters. Many lack products, markets, or revenue, according to the note. The tally is nearly five times what OpenAI and Anthropic raised before ChatGPT. Techmeme's note
Radical Ventures says these “AI neolabs” raised $24 billion over the past two quarters. Many lack products, markets, or revenue, according to the note. The tally is nearly five times what OpenAI and Anthropic raised before ChatGPT. Techmeme's note
score 7