I don’t know where we are in the AI hype cycle, but I do feel confident in one thing: We’re turning some kind of corner, or have.
And if you look at PitchBook’s recently released Q3 AI and ML report, there’s actually a lot of evidence that AI companies and investors are in a pretty different spot now than they were when this year began. Consider, for example, the trends around deal value (the total amount of capital invested in a given sector, in this case) for foundation models.
