The AI gold rush is over. The emperors are cashing out

Anthropic raised $65 billion last week making it the largest funding round in AI history. It also filed for an IPO days later. So did OpenAI and SpaceX after its merger with xAI. Three of the most powerful AI companies in the world are heading to public markets in the same window. They're flush with capital but burning through more than they earn. 

Meanwhile, the startups that were supposed to be the next wave are being quietly absorbed. 

The funds that would have backed them are drying up. So what exactly does the future of AI entrepreneurship look like from here on?

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