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#aistartups

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Miguel Afonso Caetano

#AI #GenerativeAI #AIStartups #OpenAI: "Former OpenAI CTO Mira Murati is reportedly fundraising for a new AI startup

Mira Murati, the OpenAI CTO who announced her departure last month, is raising VC funding for a new AI startup, according to Reuters.

This startup will reportedly focus on building AI products based on proprietary models and could raise more than $100 million in this round."

techcrunch.com/2024/10/19/form

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Norobiik @Norobiik@noc.social

Perhaps the biggest issue, as the report suggests, is that investors who spent big on #AIHype over the past few years are now seeking returns that have yet to materialize.

#Anthropic is a prime example. The startup founded by ex-OpenAIers is spending $2 billion per year while only bringing in between $150 million to $200 million in sales. #AI #AIBubble

#AIStartups Are Suddenly In Big Trouble
futurism.com/the-byte/ai-start

Futurism · AI Startups Are Suddenly In Big TroubleBy Noor Al-Sibai
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