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* Originally published on Calcalist , April 20 2023 Since the day ChatGPT was introduced in November 2022, it has become the fastest growing consumer product, putting the words ‘generativeAI’ in the mainstream. GenerativeAI is advancing at a breakneck speed.
While it is going through a challenging period now, Israel continues to stand as a powerhouse of innovation and technology, ranking 6th in global innovation according to Global Finance. But VC Cafe’s reach extends beyond the Israeli tech scene, providing me with a unique lens into the evolution of global tech megatrends.
” And the best three VC vintages in the last 25 years came in the three years after the global financial crists – 80% of those returns came from emerging managers. As a result, we started investing in generativeAI in 2019, as a way to scale content creation.
billion on 78 generativeAI deals —almost as much as was invested in all of the previous 5 years combined, according to PitchBook data. According to a new industry report by Skyquest , AI will contribute $15.7 trillion to the global economy, with $6.6 The globalgenerativeAI market was valued at USD 8.12
So much has happened in the generativeAI space globally, and in Israel since we published the previous version of the Israeli generativeAI landscape, back almost exactly five months ago. So far in 2023, generativeAI startups raised $16 billion, according to Dealroom. billion, a 2.5x
Android may have a larger global market share, but Apple’s loyal customer base, strong brand, and profitable ecosystem made it the clear winner. I wrote about the streaming wars on VC Cafe back in December 2019 , and it’s interesting to see how many of my predictions came true: sports, gaming and live content to name a few.
It’s just been the first anniversary since ChatGPT burst into the world and launched the term ‘generativeAI’ into the mainstream. It’s been a big year for AI. billion invested in generativeAI startups globally in the first half of 2023 according to Pitchbook.
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