Gerstner reports 65% of AI funding went into five or six companies demonstrating extreme power law concentration.
“But what's interesting is about 65% of that, talking about power law, 65% of that, I think, went into five or six companies, you know, that you know of.”
Gerstner notes AI funding in 2023 was $28 billion over 700 deals, with 65% going to five or six companies.
“I think AI funding in twenty twenty three, four x, you know, 28,000,000,000 and over 700 deals.”