Microsoft, Amazon and Google benefit from OpenAI and Anthropic paying for the expensive cloud services needed to run their products. The symbiosis between AI startups and the tech giants is sidelining the venture capitalists who typically back young companies. Those investors rarely spend in the billions and have been more wary of paying the high valuations that come alongside the large deals.
Source: Tech Giants Spend Billions on AI Startups—And Get Just as Much Back
