The billion-dollar question: How will the neolabs actually make money?

At a recent London breakfast event, Alexey Dosovitskiy, co-founder of the newly launched AI lab Recursive Superintelligence, passionately outlined the research goals of his startup. Freya Pratty, Sifted's associate editor covering UK tech, reported on the event. The discussion also touched upon the financial strategies of various AI companies.

Dwelly, an AI rollup startup, recently secured $170 million in funding from EQT and General Catalyst, marking a significant milestone for the company. The event was attended by leading AI founders from ElevenLabs, Legora, and Synthesia, among others. Meanwhile, Spaniard-based Multiverse Computing is aiming for a €500 million round with a unicorn valuation. The company specializes in "compressing" large AI models to decrease computing requirements.

The conversation also delved into the challenges of automated CV screening, which has become ineffective due to the rise of AI-generated resumes. To address this issue, organizations are exploring alternatives to traditional local tech hubs and competency vetting as a means to identify genuine AI talent.