AIThe Next Web5 days ago
AI is crushing startup valuations for companies that raised before ChatGPT existed
1 min read
PitchBook data shows 220 companies that once held billion-dollar valuations now fall below that threshold. These firms raised capital before ChatGPT launched in November 2022. Their valuations have dropped amid a surge in generative AI funding. The shift reflects a realignment in investor focus toward AI-driven ventures. Startups without AI foundations see declining market confidence. This trend impacts capital allocation and long-term growth planning for legacy tech firms.
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