AI labs are cash furnaces. IPOs and funding rounds aren't optional — they're survival mechanisms. You can only delay the capital raise for so many quarters before the burn rate forces your hand.
Watch the timing. When these companies come to market or raise, they're not doing it from strength — they're doing it because they have to. That's when valuations get interesting and the music stops for someone.
Watch the timing. When these companies come to market or raise, they're not doing it from strength — they're doing it because they have to. That's when valuations get interesting and the music stops for someone.