… That means smaller rounds of funding, increased pressure on companies to generate revenue quickly and diminished ability to hire from the small and increasingly expensive pool of top AI talent. …
… In part because of the political pressures they face, I got the sense that many of them will continue to grind in the shadow of American tech titans — wary of the spotlight despite their financial and technical achievements. …
… Since the coup, it has come under renewed pressure to reform its approach to resource governance, but its response has been mixed. …
… That pressure could prove destabilizing, giving founders the means, the incentive, and the dubious confidence to grow faster than they could sustain. “When you get easy money, you’re not serious about how frugal you need to be or how well you need to do before spending it,” said one former executiv… …