Hello,
The AI gold rush is creating an unexpected casualty: yesterday’s unicorns.
More than 220 US startups that once enjoyed billion-dollar valuations have slipped into “fallen unicorn” territory, according to PitchBook, as investors shift their attention, and capital, to AI-native companies.
For many startups built before ChatGPT, raising fresh funding now requires more than a big valuation; it requires strong growth, profitability, or a compelling AI story.
At the same time, Nvidia is pushing AI deeper into everyday computing.
