TechnologyAI ‘neolabs’ reportedly raised $24 billion in two quarters
Techmeme, citing the Financial Times, says Radical Ventures put the funding at nearly five times what OpenAI and Anthropic raised before ChatGPT.
TLDR
Techmeme, citing the Financial Times, said on September 25, 2026, that Radical Ventures put AI ‘neolab’ funding at $24 billion over the preceding two quarters. Many of the labs lack products, markets or revenue, and the reported funding was nearly five times what OpenAI and Anthropic raised before ChatGPT.
AI ‘neolabs’ reportedly raised $24 billion in two quarters
Techmeme, citing the Financial Times, says Radical Ventures put the funding at nearly five times what OpenAI and Anthropic raised before ChatGPT.
TLDR
Techmeme, citing the Financial Times, said on September 25, 2026, that Radical Ventures put AI ‘neolab’ funding at $24 billion over the preceding two quarters. Many of the labs lack products, markets or revenue, and the reported funding was nearly five times what OpenAI and Anthropic raised before ChatGPT.