Large AI firms hoovering maximum funding, not enough for smaller startups: Y Combinator’s Ankit Gupta

“There’s too much capital going to a small number of companies at the very top, and not nearly enough going to seed stage firms where there’s an insane number of possibilities,” famed Silicon Valley accelerator Y Combinator’s general partner Ankit Gupta told ET in an exclusive interview. His remarks come ahead of the accelerator’s Startup School event in Bengaluru on April 18 — the first in India — at a time when US frontier labs such as OpenAI and Anthropic are raising hundreds of billions to build new technologies and products.