But the market has been tricky and sometimes unkind to some of the smaller AI players that have raised a lot and now have pressure to deliver. H in Paris, a generative AI startup started by DeepMind alums, raised $220 million in May of this year. It has already lost three of its five co-founders, allegedly over operational differences. Aleph Alpha, which has raised more than $500 million, appears to have pivoted to enterprise services over building foundational models.