Most of the $94B flowing to neolabs is state and sovereign fund money, not VC
WhatTheLJW · x · 2026-09-11
A post observes that most of the $94B going to "neolabs" isn't going to venture-shaped labs.
The author argues many of these projects resemble modern-day Manhattan Project, Apollo, and DARPA-funded programs — backed by states and sovereign funds rather than traditional VC, signaling a structural shift of frontier AI funding toward national strategic capital.
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