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by JoeCortopassi 101 days ago
The big money is going to the OpenAI/Anthropic types producing foundation models that have to raise billions on a regular basis. This is money that would normal be spread across the startup ecosystem instead of concentrated in a handful of massive companies. When it finally hits IPO, I'd bet that you see it start to get freed up for new investments

Just to drive the point home, in 2019 the total VC market was ~$300 billion. To date, roughly $235 billion is tied up in just OpenAI ($168b) and Anthropic ($67b)