Radical Ventures: AI neolabs, many lacking products, markets, or revenue, raised $24B in the past two quarters, nearly 5x OpenAI and Anthropic pre-ChatGPT (Louise Lucas/Financial Times)

TechmemeSeptember 25, 2026en

Louise Lucas / Financial Times : Radical Ventures: AI neolabs, many lacking products, markets, or revenue, raised $24B in the past two quarters, nearly 5x OpenAI and Anthropic pre-ChatGPT — It is true that these numbers can hide some sleight of hand — It would be a brave or foolhardy investor who set out today to build a new Walmart, Uber or Amazon.

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• OpenAI
• Anthropic