, AI startups are having major issues as they continue trying to compete with the big boys while experiencing the harsh reality of their
From the makers of the image generator Stable Diffusion to Anthropoic, which was founded by OpenAI exiles, startups are staring down the barrel of their expenses — which in addition to the regular cost of running a tech startup also include the massively expensive compute power required to run large AI models.
"You can already see the writing on the wall," Ali Ghodsi, the CEO of the data storage and analysis company Databricks, told thepoured into roughly 26,000 AI startups over the past three years — a two-thirds increase from the period between 2018 and 2020. Held up against OpenAI — which is, of course, backed by the tech giant Microsoft — the vast majority of those firms have not made the kinds of industry-shifting advancements investors expect, all while needing to spend more and more on things likeanonymously, the startup founded by ex-OpenAIers is spending $2 billion per year while only bringing in between $150 million to $200 million in sales.
And Stability AI, the maker of the image generator Stable Diffusion, has been very publicly sinking. After securing more than
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