Generative-AI startups are rolling in billions of dollars of funding, but they could already be headed for failure if they can’t get the right data—and that won’t be an easy feat.

“We’ve seen lots of pitches from companies who may well be pursuing a brilliant application of AI, but they don’t have access to data that will give them the ability to build a powerful application, let alone proprietary data that will help them have competitive moats in their business," said Brad Svrluga, co-founder and general partner of venture-capital firm Primary Venture Partners.

Today, having the right data is more critical than ever for success. Now that building the actual models has become somewhat commoditized, the real value is in the data, said Paul Tyma, CTO-in-residence of Bullpen Capital.

https://www.livemint.com/companies/start-ups/ai-startups-have-tons-of-cash-but-not-enough-data-that-s-a-problem-11687004278181.html