The down rounds have started for those companies that either haven’t found product market fit, or aren’t in contention on leaderboards. Especially those compani

The down rounds have started for those companies that either haven’t found product market fit, or aren’t in contention on leaderboards. Especially those companies that are a OpenAI wrapper and can be easily replaced by a new, more broadly applicable, foundation model or a new modality model. https://www.businessinsider.com/ai-down-rounds-rise-valuations-investors-2024-9 https://www.businessinsider.com/ai-down-rounds-rise-valuatio...