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Nov 12, 2025

Investors are rushing to back a new generation of research-focused AI startups. In just over a month, they’ve made or discussed $2.5 billion of investments into five of these startups, called neolabs, despite the high costs and risk of failure.

The neolab startups’ founders say they hope to exploit new approaches to developing AI models and research they say major developers like OpenAI and Anthropic may have overlooked.

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Investors Chase Neolabs to Outflank OpenAI, Anthropic

By Stephanie Palazzolo and Sri Muppidi

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