So he may have a blank check but not nearly enough to build an OpenAI competitor.
Would love to see him at IBM with full use of their quantum systems.
Lol no. There is about ~$500B in VC dollars, not to mention $1.2T in buyout dry powder still floating around. Not to mention venture funds raised continue to grow YoY.
https://www.bain.com/globalassets/noindex/2024/bain_report_g...
Many of the VCS are over-exposed and still need to have funds to cover follow-on investments in the space. Not buying that there is the widespread appetite to fund a multi-billion new startup like there was a year or two ago.