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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.
This is a game changer in so many levels, one I started writing about in 2019 (when we at Remagine Ventures made our first investment into HourOne). Back then, we called it synthetic media, and over time we evolved to calling it creative automation and now you’d have to live under a rock to not know about generativeAI.
The fields that generativeAI addresses—knowledge work and creative work—comprise billions of workers. GenerativeAI can make these workers at least 10% more efficient and/or creative: they become not only faster and more efficient, but more capable than before. Sequoia, GenerativeAI: A Creative New World.
It’s going to take some time to develop the vision of the Metaverse, but I expect to continue seeing the 3D Internet develop in 2023 from the perspective of infrastructure and devices, middleware/ tools and consumer experiences. billion in 2019 to $3.2 GenerativeAI enters Gaming in a big way. billion in 2024.
In the early days of the Internet, we witnessed the browser wars and as technology continued to advance, we saw the number of wars, and the number of players involved in them grow. We are seeing some of this play out in the generativeAI space, where the cloud providers are active investors to attract future revenue.
Less than half of the amount invested in consumer in 2019 (14.3%). However, entrepreneurs have never really stopped building new consumer experiences and technology (in particular GenerativeAI) is unlocking a new wave of innovation in consumer startups. So much so, that in fact, that only 7.1% New data suggests they are.
GenerativeAI now has the potential to exponentially grow the quantity of content created. Articles, ads, images, videos, voice, graphs, 3D objects, music, scientific papers… all can be created today with AI. Base10 includes 300 startups in their generativeAI landscape (source).
.” Thomas Friedman Bill Gates, Thomas Friedman and Sam Altman, recently published thought pieces/interviews on why the rapid development of AI technologies means we’re entering a new era for humanity. Thomas Friedman Bill Gates said that “Artificial intelligence is as revolutionary as mobile phones and the Internet.”:
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