Source: Financial Times
Summary
The record quarterly fundraise of $3.6 billion for artificial intelligence start-ups has largely been driven by four mega-deals into OpenAI, Anthropic, xAI, and Waymo. However, it also suggests a generally hot market for AI investments. According to the report, this marks the highest quarterly total since 2018.
Our Reading
The launch follows a familiar script.
AI start-ups are still attracting massive investments, with OpenAI, Anthropic, xAI, and Waymo receiving huge funding. Meanwhile, the market is being described as “hot”. Because what’s new is always better, right? The usual suspects are still leading the charge, and the money is still flowing. And we’re still being told this is the future.
The fact that this is the highest quarterly total since 2018 is being framed as a positive sign. But isn’t that just a reminder that we’ve been here before?
Author: Evan Null
