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In November 2022 I published a post titled “ generativeAI will go mainstream when it goes from playful to useful “, and I think you will agree that this transition is in full swing. 2023 was the year generativeAI went mainstream The pace of advancement in generativeAI has been astounding.
Meta is on track to become the most used open source AI by the end of the year. With attractive valuations and immense growth potential, the Israeli tech ecosystem remains resilient—no matter the circumstances. Interesting overview of vertical AI companies by IVP ( source ) Revenue per employee. via Trung T. Keep on creating!
Build Unique Networks Emerging managers create their own communities instead of relying on established circles. For example, our focus at Remagine Ventures on gaming, generativeAI, and entertainment tech enabled us to create a relevant, focused network of founders, operators, co-investors and strategics who are active in our verticals.
billion valuation ), to enable automated management of cloud backups! Great stuff Dean Leitersdorf and team Decart on your $25M series A (weeks after a $21M seed) at a $500M valuation , to pioneer scalable, cost efficient generativeAI training! There’s much to celebrate in our “small” community.
The breakneck speed of AI advancement is one of those areas where the stream of information is so constant and so dense, that it’s very hard to process it all, let alone STAND OUT in the crowd. This creates a challenge, but also an opportunity for startups in the generativeAI space. apply here: [link] ).
It shows Kinneret Gat, 69, defiantly sticking her tongue out at a Hamas attacker, even as the community was being overrun. billion at $150 billion valuation. Jony Ive, former famed Apple designer, is collaborating with Sam Altman on a new AI-focused device to replace the phone. That’s all for this week.
Way to go Itamar Golan and team Prompt Security on your $18M series A to help companies secure their generativeAI tools! series A to help authors self-publish their books with the help of AI! Great milestone Dvir Hoffman and team CommBox on your $15M series B to build the future of customer experience powered by AI!
Firgun is all about genuinely feeling and expressing happiness, pride, or admiration for members of our community’s accomplishments, good fortune and wins. Cohere debuted Command-A , a generativeAI model aimed at complex enterprise tasks that can run on minimal compute. valuation to complete the acquisition of PayU !
Big congrats Yevgeny Dibrov and team Armis on your $200M series D (at a valuation of $4.3 Mabruk Matan Bar and team Melio on your $150M series E (at $2 billion valuation ) to integrate cash flow management, accounts receivable and accounts payable solutions! There’s a lot to celebrate in our “Small” community.
OpenAI in on course to raise $7 billion at $150 billion valuation (and on course to do $3.4 Microsoft and BlackRock are teaming up for a new $100 billion AI infrastructure fund. Kudos Adi Perry and team with on securing a $10M seed round to turn cities into communities with generativeAI! Keep on creating!
Firgun is all about genuinely feeling and expressing happiness, pride, or admiration for members of our community’s accomplishments, good fortune and wins. billion round at a $61 billion valuation. DeepSeek AI sparked a nationwide push in China to deploy its LLMs everywhere from hospitals to local governments.
Bitcoin topped a record of all time at $87,000, Chinese gaming giant Tencent reported 47% surge in profits from gaming and AI, and Perplexity is nearing $500M funding round at $9 billion valuation as it started introducing ads. There’s a lot to celebrate in our “small” community! That’s all for this week.
Looking Back: A Year Defined by GenerativeAI 2024 will go down in history as the year generativeAI truly went mainstream. It wasnt just startups leveraging generative AIcorporates like Adobe, Salesforce, and Google integrated AI-powered features into their core products, making it ubiquitous.
OpenAI launched “Operator”, its first AI agent that is capable to complete tasks autonomously by browsing the Internet and ChatGPT Gov launched with 18M+ prompts from 90K government users. OpenAI announced it will be raising another $40 billion at a whooping $340 billion valuation. We call them revolutions.
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