The Financial Times reports that ten loss making artificial intelligence (AI) start-ups have gained close to $1 trillion in private market valuation in the past 12 months, fuelling fears about a bubble in private markets that is much greater than the dot com bubble at the end of the 20th century. OpenAI leads the pack with a $500 billion valuation, but Anthropic and xAI have also seen their values march higher amid a mad scramble to buy into emerging AI companies. Sm...
