Suddenly it's feeling very 2021 in Silicon Valley — here's why

For a select few AI firms, it's feeling like the heady days of 2021. Companies like Glean and Perplexity have snagged massive funding rounds just months apart, starkly contrasting the overall tech market slump. However, such selective and aggressive investor interest has sparked fears of inflated valuations. AI startups are also under pressure to be profitable, and excessive funding can lead to reckless spending.