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Benchmark says AI is also eroding the venture rule against backing rivals

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Summary
Benchmark believes artificial intelligence is weakening the established venture capital norm of not backing competing companies. No further details are provided in the source information.
Details
Benchmark believes the development of artificial intelligence is weakening the established venture capital norm of not backing competing companies.
The available information does not specify which companies or investments are involved, nor does it identify concrete changes in the practices of Benchmark or other investors.
NEXORA AI — Why it matters
The assessment points to a possible shift in a long-standing venture capital investment norm as AI reshapes competition.
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