I Was Wrong. We Haven’t Reached Peak AI Frenzy.

After Sam Altman’s sudden firing last year, I argued the chaos that followed his short-lived ouster would inject a healthy dose of caution into venture investments in artificial intelligence companies. I figured we’d finally reached the peak of the AI venture capital frenzy when a threatened employee exodus from OpenAI risked sending the value of the $86 billion AI juggernaut almost to zero. 

There was plenty of other proof that the hype for generative AI was fading. Investors were openly …

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