More VC Firms Are Investing in AI Rivals

Does it make sense to back rival language model companies Anthropic and OpenAI (and Cohere and Mistral)? Some investors seem to think so, taking an approach to startup investing that looks a little like buying an index fund with an array of tech stocks.

Last week my colleagues and I broke the news that Sequoia Capital was among the investors in a new $6 billion fundraising for xAI, Elon Musk’s artificial intelligence startup. Sequoia’s involvement wasn’t that surprising. Since the …

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