AI Startups Raised $50 Billion Last Year, But Some Investors Are Starting to Pass — Here’s Why

As AI technology and programs like ChatGPT evolve, the way venture capitalists think about investing in startups is changing.

Investor Leah Solivan, the founder of freelance marketplace TaskRabbit, which sold to Ikea in 2017, has been working as a venture capitalist for the last eight years. She currently works with startups building AI products as a general partner at early-stage fund Fuel Capital.

The process to build an AI company is “very expensive,” she says.

Leah Solivan. (Photo by Chance Yeh/WireImage)

“[AI] is a big game-changing technology, but the costs are still so high to launch something,” Solivan told entrepreneur Jeff Berman last week. “Startups need to raise a lot more money to

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