Docker and DocuSign backer Bain Capital Ventures, an offshoot of the Boston-based private equity firm Bain Capital, has raised $1.9 billion across two new funds. The news comes about a year after the firm unveiled a $560 million fund dedicated to crypto investments. U.S. venture firms raised a record $162 billion in 2022 despite declining deal activity and a frozen market for initial...
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AI Startups Are Facing a Reckoning
A reckoning may be coming for once-hot artificial intelligence startups. Among the most vulnerable: consumer apps (think Character.AI) and “thin wrapper” startups like CopyAI that merely provide a nice user interface on top of a third-party model from model developers like OpenAI. We got a sense of the slowdown last week, when Natasha and I reported that Jasper, an early generative AI...
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