AI startups face a tough financial reality check
Call it the end of the beginning of the AI boom.Since mid-March, financial pressure on several AI startups has had a negative impact. Inflection AI, which raised $1.5 billion but earned next to nothing, has abandoned its original business. Stability AI has laid off employees and parted ways with its CEO. And Anthropic has raced to close the roughly $1.8 billion gap between its modest sales and huge expenses.The artificial intelligence revolution, it is becoming clear in Silicon Valley, will come at a very high price. And the tech companies that have bet their futures on it are scrambling to figure out how to close the gap between those expenses and the profits they hope to make in the future.This problem is particularly acute for a group of high-profile startups that have raised tens ...










