From Breakingviews - Tech groupthink could hinder AI competition
. Its competitors may struggle to find backers with deep enough pockets to help them unseat the reigning leader.
While some startup investors, like fellow OpenAI backer Tiger Global, sometimes fund direct competitors, the practice is generally frowned upon in an industry built on maintaining friendly relationships to score early access to hot deals. Sequoiain payments firm Finix over concerns it competed with existing portfolio company Stripe.
Now that OpenAI has the support of venture capital’s biggest names, that norm will make life harder for smaller challengers - especially given the
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