Silicon Valley AI Startup Market Turmoil: Jasper Becomes the Biggest Loser


The Silicon Valley venture capital firm Lightspeed Venture Partners has recently successfully raised $9 billion, setting a new company record. This funding will mainly be used to invest in AI startups with higher capital needs. After the boom in the venture capital market in 2021, many companies did not meet expected returns, prompting limited partners to concentrate more funds into a few high-performing investment firms.
Lisi Capital successfully raised $289 million, exceeding its original target. The fund will focus on investing in Chinese AI startups. The fund is managed by Cao Xi, former partner at Sequoia China, and Tim Wang, former partner at Boyu Capital, demonstrating confidence in China's technological innovation.
In the wave of technological innovation, AI startups are reshaping the industry landscape, but financing challenges still exist. To help early-stage AI entrepreneurs break free from traditional fundraising thinking, renowned venture capitalist Kleida Martiro will host a panel discussion titled "Winning Capital in a Competitive Market: How to Raise Funds for Your AI Startup" at the TechCrunch All Stage event on July 15th in Boston. Martiro is Gl
At the World Economic Forum in Davos, Arthur Mensch, co-founder and CEO of the renowned French AI startup Mistral, stated that the company is fully committed to achieving its goal of an initial public offering (IPO). Founded in 2023 by researchers from tech giants like Google DeepMind and Meta, Mistral has rapidly risen in just two years, releasing a series of open-source AI models and launching chatbot-like technology.
Recently, new data released by payment technology company Stripe has garnered widespread attention, showing that artificial intelligence (AI) startups are exhibiting an extraordinary speed in revenue growth. Unlike traditional software companies, these AI firms can reach millions of dollars in sales within just a year, which has surprised many. Note: Image generated by AI, licensed by Midjourney. In previous tech startup waves, many startups took years to achieve significant profitability, but now...