AI is crushing a generation of startups built before ChatGPT (cnbc.com) AI

CNBC reports that valuations for U.S. “pre-ChatGPT” unicorn startups have fallen sharply as generative AI shifted investor capital toward AI-native firms, leaving many older companies with stale valuations and outdated technology; PitchBook data cited shows nearly half of America’s 857 unicorns haven’t raised new funding in three years and that startups last valued in 2021 and 2022 are down 68% and 52% on average, with more than 220 firms classified as “fallen unicorns.”