Artificial intelligence startups struggle with lack of data, IBM claims breakthrough in quantum computing, and concerns arise over Meta’s AI development.

Startups in the generative AI field are struggling to find the data needed to build competitive products, despite billions in funding, according to venture capitalist Brad Svrluga. Funding in the field has surged to $12.7bn in the first five months of this year, from $4.8bn in 2022, according to PitchBook. The dilemma for newcomers centres on the challenge of accessing training data sets in specialised areas like healthcare and finance. Startups often seek partnerships with larger companies, but these companies are hesitant to share data due to concerns about cybersecurity. Rather than using pre-existing data, startups may have to train different models for individual clients using only their own data.