In Silicon Valley, it is becoming increasingly clear that the AI revolution will come at a high price. Tech companies banking on AI struggle to bridge the gap between expenses and expected future profits.
Startups in generative AI, like those behind ChatGPT, are realizing the immense capital required to compete with tech giants, even with billions raised for development.
Investors poured $330 billion into over 26,000 AI and machine learning startups in the last three years, presenting significant financial challenges amidst the need for sustained innovation.
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