VC Bill Gurley on OpenAI, Anthropic: ‘Scary’ how fast these companies burn cash

Venture capitalist Bill Gurley expresses concern over the massive cash burn by AI companies, citing current expenditures far exceeding historical benchmarks like Uber's. He warns of an impending AI bubble and subsequent "reset," advising investors to prepare for opportunities in beaten-down SaaS stocks as companies transition to profitability.

By TOI TECH DESK