![]() In the first six months of 2023, they plowed $15.2 billion into generative AI companies globally, according to Pitchbook data. The investment into Mistral AI is just one of many this year by venture capitalists jostling for a seat aboard the AI rocketship. ![]() “I call it the ‘dot-ai’ bubble, and it hasn’t even started yet,” Mostaque said recently, referring to the “dot-com” bubble of the late 1990s, when speculative bets on nascent internet companies ultimately resulted in big losses for many investors. Arthur Mensch, CEO of Mistral AI, at the Viva Tech fair in Paris on JNathan Laine/Bloomberg/Getty ImagesĮmad Mostaque, founder and chief executive of Stability AI, a generative AI firm that also counts California-based Lightspeed among its funders, expects the current wave of investment in AI companies to create “the biggest bubble of all time.” ![]()
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