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Business & Funding

176 summarised stories in Business & Funding, each linking back to the original source. Browse all topics →

Wednesday, 24 June 2026

The State of AI, 2026

The Algorithmic Bridge 4 weeks ago 3 sources

Enterprise customers are cutting spending on OpenAI and Anthropic services due to cost concerns, with companies like Microsoft, Uber, and Amazon curbing AI tool usage, raising doubts about whether inflated run-rate revenue figures will convert to sustainable profits. Anthropic and OpenAI currently capture approximately 90% of AI startup sector revenue through what the author characterizes as temporary 'honeymoon' spending from corporate clients. The fundamental challenge is that despite advances on specific benchmarks, current AI systems remain unreliable and inadequate for most real-world applications where costs exceed benefits, threatening the viability of claimed revenue trajectories.

Keeping The Front Door of Healthcare Open: Our Investment in Assort Health

Menlo Ventures 1 month ago

Menlo Ventures led a Series C investment in Assort Health, an AI platform that automates patient scheduling, intake, and referrals across healthcare practices. Assort has accumulated over 180 million patient interactions across dermatology, cardiology, and other specialties, using a Patient Journey Memory system that learns from every interaction. The platform replaces manual scheduling processes and institutional knowledge previously stored in binders, allowing healthcare practices of any size to improve patient access and reduce administrative burden.

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