Hello and welcome to Eye on AI! In this edition…Big tech increasingly squeezes startups out of the generative AI market; an AI-discovered cancer drug begins clinical trials; another OpenAI cofounder joins Anthropic; and spend on LLMs booms (though still only represents a fraction of the AI model market).
The market for large language models lost another contender yesterday, while at the same time, its leader—OpenAI—closed a massive $6.6 billion funding round that represents the largest VC raise in history and will give it practically unrivaled resources to compete.
