The FOMO is real for venture capitalists paying big premiums to invest in AI startups right now
Investors plowed about $25 billion into AI companies in the first three months of 2023.Warren Buffett has became the fastest-growing internet app in history
, venture capitalists have pivoted to try and identify startups that may capitalize from the AI boom. The competition between investors is such that it's fueling valuations, even when startups have little to show publicly by way of revenue. That's evidenced by the number of would-be OpenAI rivals that have landed big funding rounds since ChatGPT's launch in November. OpenAI itself is currently valued by investors at around $27 billion.
"There is a premium, some of it makes sense and some of it doesn't," Imran Ghory, partner at London-based venture capital fund Blossom Capital, said of the rush."When there is hype in rounds, the question is: 'Are they going to get to revenues?'.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
3 California colleges rank among the top 10 for startup founder grads3 California universities are in the top 10 for churning out startup founders who have gotten funding since 2022
Read more »
Skepticism sounds smart. It isn't.Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
CNN media reporter says CEO has 'lost the room' after profile disasterCNN's media reporter delivered a brutal assessment of its CEO after embarrassing profile: 'Licht has lost the room'
Read more »
Sequoia: VC fund hires Accel investor as new London partnerInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
CNN CEO Chris Licht boasted of using Ozempic: reportCNN's CEO bragged to the Atlantic about shedding 48 pounds through diet and exercise. Reports say he had a little help from Ozempic.
Read more »
Apple Vision Pro early reviews: 'Magic' seeking 'a purpose'People who were whisked away in golf carts to try out Apple's $3,500 headset are calling it 'magic' that is 'still searching for a purpose'
Read more »