The short version

Jeremiah Owyang predicted on January 22, 2025: “Expect a meaningful AI funding correction in 2026 as foundation-model economics force consolidation.” Verdict: Too early to tell. Mixed signals through Q1 2026: late-stage AI valuations softening but mega-rounds continue at the frontier.

Prediction by

Jeremiah Owyang

On January 22, 2025

“Expect a meaningful AI funding correction in 2026 as foundation-model economics force consolidation.”

Follow-up

Mixed signals through Q1 2026: late-stage AI valuations softening but mega-rounds continue at the frontier.

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