Silicon Valley VCs navigate uncertain AI future

CANADA: For Silicon Valley venture capitalists, the world has split into two camps: those with deep enough pockets to invest in artificial intelligence behemoths, and everyone else waiting to see where the AI revolution leads.

The generative AI frenzy unleashed by ChatGPT in 2022 has propelled a handful of venture-backed companies to eye-watering valuations.

Leading the pack is OpenAI, which raised USD 40 billion in its latest funding round at a USD 300 billion valuation — unprecedented largesse in Silicon Valley’s history.