> Most of the VCs have already spent their money in the last couple of years.
Lol no. There is about ~$500B in VC dollars, not to mention $1.2T in buyout dry powder still floating around. Not to mention venture funds raised continue to grow YoY.
https://www.bain.com/globalassets/noindex/2024/bain_report_g...
I was referring more specifically to the AI segment.
Many of the VCS are over-exposed and still need to have funds to cover follow-on investments in the space. Not buying that there is the widespread appetite to fund a multi-billion new startup like there was a year or two ago.
Some sources are needed to back those claims up. Which VCs are you talking about?
Re:Ilya Sutskever to leave OpenAI
by throwup238 on Tuesday May 14, 2024 @07:54PM
(#40361488)
> Would love to see him at IBM with full use of their quantum systems.
I’m picturing a Wild Wild West-style mad scientist, creating a steampunk army from old spare parts from Big Blue and rising up to challenge the cyber people.
So he may have a blank check but not nearly enough to build an OpenAI competitor.
Would love to see him at IBM with full use of their quantum systems.