Even Benchmark thinks AI is eroding the venture pact against backing rivals
Summary
Venture capital firm Benchmark notes that Silicon Valley's traditional unwritten rule against investing in competing startups is becoming increasingly difficult to maintain. The pressure of artificial intelligence is reportedly straining this longstanding industry agreement as firms rush to fund new technology ventures.
Benchmark says the Valley’s rule against backing rivals is getting harder to keep.
Source: Read the full story at TechCrunch
Disclaimer: This content is for informational and educational purposes only and is not financial, investment or trading advice. Tech & Money Press is not a registered investment adviser or broker-dealer. Trading stocks, options and crypto involves substantial risk, including the loss of your entire investment. Do your own research and consult a licensed professional before making any financial decision. The authors may hold positions in the securities mentioned. News summaries are written with AI assistance from the original publisher's report and may contain errors; always check the original source. Full disclaimer.