20250620 - AI venture capital resorts to feeding the secondary market

oh no, spending actual money! Text version: https://pivot-to-ai.com/2025/06/20/ai-venture-capital-resorts-to-feeding-the-secondary-market/ Patreon: https://www.patreon.com/davidgerard Ko-Fi: https://ko-fi.com/A1529D5 Buy me nice things: https://www.amazon.co.uk/hz/wishlist/ls/3Q8VZW46J6DM6 Get an extremely cool Pivot to AI shirt or mug: https://pivot-to-ai.redbubble.com Sources: OpenAI Has Discussed Raising Money From Saudi Arabia, Indian Investors https://www.theinformation.com/articles/openai-discussed-raising-money-saudi-arabia-indian-investors Meta in Talks to Hire AI Investors Friedman and Gross, Partially Buy Out Their Venture Fund https://www.theinformation.com/articles/meta-talks-hire-former-github-ceo-nat-friedman-daniel-gross-join-ai-efforts Previously on Pivot to AI: Ilya Sutskever, ex-OpenAI, gets $2b funding not to release anything until he has 'super intelligence' https://pivot-to-ai.com/2025/03/06/ilya-sutskever-ex-openai-gets-2b-funding-not-to-release-anything-until-he-has-super-intelligence/ video: https://www.youtube.com/watch?v=c1yHrZR_Sgg&list=UU9rJrMVgcXTfa8xuMnbhAEA OpenAI signs its $40 billion deal with SoftBank! Or maybe $30 billion, probably https://pivot-to-ai.com/2025/04/02/openai-signs-its-40-billion-deal-with-softbank-or-maybe-30-billion-probably/ video: https://www.youtube.com/watch?v=8aP1zUUcmjk&list=UU9rJrMVgcXTfa8xuMnbhAEA a16z raising fresh $20b to keep the AI bubble pumping https://pivot-to-ai.com/2025/04/10/a16z-raising-fresh-20b-for-ai-bubble-investments/ video: https://www.youtube.com/watch?v=M7a1-6MU3QA&list=UU9rJrMVgcXTfa8xuMnbhAEA In 2025, venture capital can't pretend everything is fine any more https://pivot-to-ai.com/2025/05/03/in-2025-venture-capital-cant-pretend-everything-is-fine-any-more/ video: https://www.youtube.com/watch?v=VcSnLt6Knbs&list=UU9rJrMVgcXTfa8xuMnbhAEA Meta buys into Scale AI in the quest for fresh data https://pivot-to-ai.com/2025/06/13/meta-buys-into-scale-ai-in-the-quest-for-fresh-data/ video: https://www.youtube.com/watch?v=JJ1DusIXIhw&list=UU9rJrMVgcXTfa8xuMnbhAEA Full Pivot to AI playlist: https://www.youtube.com/playlist?list=UU9rJrMVgcXTfa8xuMnbhAEA