Benchmark Says AI Is Making the VC Rule Against Backing Rivals Harder to Keep

Venture firm Benchmark has said that the long-standing Silicon Valley norm against investors backing direct competitors is becoming harder to maintain. The remark suggests that the rapid growth of AI companies is putting pressure on that informal pact. The article source provided only a brief statement, so details on specific deals or firms involved are not available. The comments point to shifting competitive dynamics within the venture capital industry as AI reshapes the market.