The second act of the pre-GPT AI hype train

LLM-powered AI companies are getting explosive funding rounds. What happened to the startups that rode the hype before ChatGPT?

midjourney

In the span of just a few months, it seems like every VC fund has suddenly become an AI fund.

As a result, the conversation mill over how valuable some of the most-hyped pre-GPT machine learning startups is ramping up. Investors had long expected some kind of grand shake-out that didn’t exactly materialize even as VC funding weakened in AI, tho…