TLDR:
- After Sam Altman’s firing, it was believed that the chaos would lead to caution in AI venture investments.
- However, recent events show that the AI frenzy is far from over, with investors still eager to fund AI startups.
- Investors are becoming tougher on valuation negotiations and governance issues.
- Companies are considering selling themselves due to high costs of AI development.
- The AI boom is still strong, despite some setbacks and jokes.
After Sam Altman’s sudden firing last year, it was argued that the chaos that followed would inject caution into venture investments in AI companies. It was believed that the peak of the AI venture capital frenzy had been reached when threatened employee exodus from OpenAI risked lowering its value significantly. However, recent events have shown that the AI frenzy is far from over. Investors are becoming tougher on valuation negotiations and are asking startups harder questions about governance. Some companies are even considering selling themselves due to the high costs of developing AI software. Despite setbacks and jokes, the AI boom is still strong, with investors still eager to fund AI startups.
