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ARTIFICIAL INTELLIGENCE
AI is crushing startup valuations for companies that raised before ChatGPT existed
More than 220 former unicorns have lost their billion-dollar status as venture capital concentrates in a handful of AI giants, leaving pre-2023 startups stranded between inflated valuations and a market that has moved on
BUSINESS
Former Meta CTO raises $250 million for climate tech as the rest of venture capital chases AI
Mike Schroepfer’s Gigascale Capital is betting that AI’s insatiable energy demand will make clean power startups the real winners of the AI boom, not the model builders
ARTIFICIAL INTELLIGENCE
Florida becomes the first state to sue OpenAI, naming Altman personally and calling ChatGPT a defective product
The lawsuit, filed weeks before OpenAI’s planned IPO, accuses the company of violating product liability laws, ignoring safety warnings, and collecting children’s data without parental consent
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