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Mention that you do “Consumer tech” as a startup founder and you’d be limiting your funding options to one third of the venture capital funds (in Israel that figure is probably closer to 10%). But change seems to be brewing in the B2C space, powered by the fast advancements in AI and generativeAI.
This trend is evident in the success of companies like DeepL (translation), Speak (language learning), and Retell AI (call centres). Agentic Automation for Enterprise Functions: GenerativeAI agents are being deployed to automate complex business processes across various functions. Google paid $2.6
I covered my personal journey to venture capital, what makes our partnership work at Remagine Ventures , and gave an intro to GenerativeAI, a current theme that connects to our investment thesis (we made 3 investments in the space). Some use general data sets, and others train their models on proprietary data. Jasper, Copy.ai
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. We’ve seen new foundational models, open source LLMs and all sorts of new companies building the co-pilots for every category.
Every year, LinkedIn recognises the most in demand companies in each of the major startup hubs, but this year they failed to include Israel. After several comments, the editor said that they will add Israel and a couple of other countries next week. Daniel Roth now said that Israel will be added next week.
But in the coming age of generativeAI, endless synthetic content and misinformation – there might be an opportunity for traditional media companies to regain their reputation as a 4th branch within a democracy. How can media companies transform generativeAI from threat to opportunity ?
In December 2004, 19 years ago, I started VC Cafe with the simple goal of sharing insights, resources, and perspectives on venture capital and startups (with a spotlight on Israel). Looking Back: A Year Defined by GenerativeAI 2024 will go down in history as the year generativeAI truly went mainstream.
The tech sector is vital for the Israeli economy and exports, and while the 2024 figures were more positive than expected, it’s still hard for international investors to travel to Israel and get deals done. That’s why initiatives like Startup Nation Central , the Israel Export Institute ???? ????? Well done Ouriel Ohayon ??
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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