Investing
The absurd AI mania is coming to an end
© Reuters.
Venture capital interest in cryptocurrency has decreased significantly since the bull run of 2021. At $2.3 trillion in market capitalization, every VC wanted a piece of the industry.
The picture is now very different. Another dominant force in the market has attracted the vast majority of venture funding over the past year: artificial intelligence large language models (LLMs).
Chris Coll-Beswick is the founder and managing partner of Transcend Labs, a Web3 incubation platform. He’s also a mentor and judge for Stanford’s AI & Web3 Research Lab Association. Prior to Transcend Labs, he founded Calibre Capital andco-founded Yeswetrust. He holds an undergraduate degree from the University of Sheffield.
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