by Wolf Richter, Wolf Street:

AI hype & hoopla replaces crypto, blockchain, and FinTech hype & hoopla. You’ve got to go with the times.

In the second quarter 2023, only 12 venture-capital-backed startups in the US became “unicorns”: meaning they received funding that valued them at over $1 billion. In Q1, 9 startups became unicorns in this manner, the lowest since January 2018, according to data by PitchBook.