AI craze is distorting VC market, as tech giants like Microsoft and Amazon pour in billions of dollars
MSFTMicrosoft(MSFT) CNBC·2024-09-06 19:00

Amazon Web Services CEO Adam Selipsky speaks with Anthropic CEO and co-founder Dario Amodei during AWS re:Invent 2023, a conference hosted by Amazon Web Services, at The Venetian Las Vegas in Las Vegas on Nov. 28, 2023.Noah Berger | Getty ImagesAlmost three years into a largely dormant IPO cycle, venture capitalists are in a tough spot.The private market is dotted with richly valued artificial intelligence startups, including some that are described as generational companies. But venture firms in need of ex ...