Has AI broken the old VC model?

Venture capital has always been a feast-or-famine industry, where most of the gains are concentrated in a small number of investments and a handful of funds. But amid the spate of mega-initial public offerings triggered by the AI boom, this is being stretched to an extreme. The question is whether this is just the latest manifestation of an old dynamic, or whether it will break the old way of doing business altogether. READ MORE