Intended to only include startups which focus primarily on AI, as opposed to startups in some other area that happen to also have an AI aspect. Includes both capabilities and alignment orgs. Funding can be over multiple rounds, the total amount is considered. Must be public information.
Even OpenAI's recent round only got 300M. There's no way such an early startup will get 1B
@YoavTzfati OpenAI got $10B from msft this year https://www.bloomberg.com/news/articles/2023-01-23/microsoft-makes-multibillion-dollar-investment-in-openai
@YoavTzfati looks like they raised 10B in January. But they raised 300M in April.
Regardless - it's insane for a startup less than 1 year old to raise 1B dollars. Evan valuating over 1B is super rare, let alone raising it.
@YoavTzfati 1B raising should be practically impossible for a company 1 year out. It would require an absurd valuation for an exceptional circumstance where necessary growth/scaling expenses justify a massive funding round.
No way it happens, especially not in AI where the costs are low and the threat to IP is so high
@Gen OpenAI was founded with a $1B initial funding. Although I agree not very likely for 2023.
@IlyaXValmianski They raised 120k in the first 12 months they were founded. Not even remotely close to $1B initial funding, it was 6 years later
@Gen According to Wikipedia they had $1B pledged at formation to the non-profit https://en.m.wikipedia.org/wiki/OpenAI, this is also roughly what I remember from when it happened. They were able to draw from pledges freely to fund the development.
Does revenue count?
@LeoGao imho this warrants addition to the question description.
Will any AI startup founded during 2023 get more than $1B in funding during 2023?, 8k, beautiful, illustration, trending on art station, picture of the day, epic composition