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Global search engine market share in May 2023 (source) However, since the introduction of ChatGPT in November 2022, user habits (and perhaps expectations) began to change. It felt like magic to just type a question in natural language and have the answer formatted, generated, and iterated, on the spot.
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.
Until last week, when the news that a relatively unknown Chinese company called Deepseek, released its R1 reasoning model which is equivalent to the performance of ChatGPT’s o1 model, but is fully open-source and available at a fraction of the cost (3-5% of OpenAI’s model). The company claims its AI models rival those of top U.S.
* 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.
Small fine-tuned models as an alternative to giant generic ones – when finely tuned with appropriate data, smaller, specialised LLMs can yield comparable results at a fraction of the cost. Technological Convergence – The global equity market value associated with disruptive innovation could increase to 60% by 2030.
It’s only been a bit over a month since the start of 2025 past year has witnessed seismic shifts in technology, from breakthroughs in generativeAI to emerging solutions in climate tech and healthcare. The aim is to create a marketplace that fosters smarter apps while ensuring user privacy.
There is an increasing convergence of content generation, data & identity, and marketing automation , driven by AI. GenerativeAI in the Enterprise by Deloitte The Q3 2024 report of GenerativeAI in the Enterprise by Deloitte surveyed 2,770 senior leaders from organisations with active AI implementations.
One trend that was prominent at the conference was the rise of generativeAI in gaming. Highlights from the report: Global gaming industry saw record year with over 1300 deals and $127B in disclosed deal value.
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! AI is already making an impact on jobs (automating customer support for example) and cost reduction.
Global venture funding fell 42% year over years to $248.8 For example, Tiger Global, a crossover fund which was one of the most active venture investors in 2021 went from 194 deals in 2021 to a mere 20 in 2023 and has been trying to actively sell its positions in the secondary market at steep discounts to get liquidity.
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
I was interviewed by TheMarker (Hebrew only) on why Israeli startups haven’t been part of the mega funding rounds in AI. Amidst this bleak funding environment, AI has been a saviour, reports the WSJ. Companies categorized as AI in Crunchbase raised $25 billion in the first half of 2023, representing 18% of global funding.
As a volunteer board member of a mission-driven organization, you may be wondering how your organization can optimally leverage artificial intelligence (AI). From gaining insights through data analysis to increasing efficiency, the potential impacts of AI are significant. AI can also reduce errors and eliminate redundancies.
GenerativeAI Explosion – Now that the internet is a brain and not just a filing cabinet we are about to see unprecedented levels of creativity, automation, and efficiency in content creation, design, and problem-solving. Expect rapid global expansion and a transformative shift in urban mobility starting in 2025.
The conference took place during a challenging time for gaming startups: in the same week Playtika, the largest gaming employer in Israel, announced it was laying off 615 people globally, of which 180 are in Israel. Israeli gaming startups generated $8.6 Global gaming revenues. GenerativeAI for games market map ( source ).
John (01:39): So when you proposed this topic of AI and authenticity, I jumped on it immediately because certainly that's one of the biggest complaints. I mean, you hear people out there saying, oh, well never use AI because that's inauthentic. So why don't you just globally set the table for how you're approaching that topic?
The CrowdStrike global outage is estimated to have cost Fortune 500 companies $5.4bn. To add more heat, Microsoft launched generativeAI search results for Bing. Mistral AI released two new open-source LLM models (Nemo in partnership with NVIDIA ) and Large 2.
Way to go Dean Leitersdorf and team Decart on coming out of stealth with a $21M seed round for a new inference model that enables companies to dramatically reduce the cost of generativeAI – wow ? Find the detailed ranking and the drivers behind it here What is generativeAI currently being used for in the enterprise ?
It started as a Linkedin post (which kept running out of space), moved into Mailchimp (which disappointed for its cost and lack of discovery) and is now a LinkedIn newsletter. Global: From VC Cafe : consumer startups still got Mojo! Over the past three and a half years, I’ve shared the #Firgun newsletter every Friday.
which reportedly cost a few tens of millions of dollars to train, similar to Claude 3.5 and cheaper than GPT-4, which cost over $100M. Alibaba Group has just released Wan2.1 , a family of open-source AI video models designed to generate high-quality images and videos from text and image inputs. We must #BRINGTHEMHOME NOW.
Kudos Alon Arvatz and team PointFive on your $20M series A to track cloud usage across multiple clouds to optimise costs! seed extension) to scale your AI-based video ad optimisation! in seed funding to launch your AI-based dubbing platform ! (I Way to go ?Asaf Asaf Yanai and team Alison.ai on securing a $13.3M
Marketing is particularly well suited for adopting generativeAI because it is an iterative, creative, and dynamic practice that relies on the types of media — texts, images, video — that have driven LLM development. This is one of the reasons why many of the first B2B GenAI use cases were for marketing!)
14- To support both companies and freelancers Photo Credit: Disha Jain I started my business to address a critical gap in the market: the need for a comprehensive, global workforce management platform that supports both companies and freelancers. We also wanted to utilize modern technology to offer more cost-effective solutions.
The market size is over $US10 billion globally in revenue. But the more engaged the end user becomes and the more human one makes the AI, and the more the AI interactions which are had, the more the money it costs the user. And I’m not just talking about a text based chatbot people can flirt with.
14- To support both companies and freelancers Photo Credit: Disha Jain I started my business to address a critical gap in the market: the need for a comprehensive, global workforce management platform that supports both companies and freelancers. We also wanted to utilize modern technology to offer more cost-effective solutions.
Iuri Struta , S& P Global ( source ) I was listening to Bret Taylor , the founder and CEO of Sierra, former co-CEO of Salesforce, ex CTO of Facebook and current chairman of OpenAI on the 20VC podcast. He talked about where we are in the timeline of generativeAI and it made me realise that we’re making an interesting shift now.
Take generativeAI as an example: these tools can make repetitive work tasks easier, but employees create risk when they upload sensitive information to third-party content generators. Consider the $1 million the Seattle Public Library paid in recovery costs after a ransomware attack.
Ron DeSantis have already used fake AI images of each other and we are still 16 months out from the vote. This is an election where the capabilities of GenerativeAI will quite simply have a massive influence. The potential repercussions on geopolitics and the global economy are staggering.
Build AI-first financial products without legacy constraints Target underserved markets in insurance and wealth management Focus on global payment solutions 7. Space companies Capitalise on 10x launch cost reduction Build businesses around satellite applications Create infrastructure for routine space access 8.
Max, performing advanced reasoning and code generation tasks while reducing infrastructure costs by up to 60%. The news on the much cheaper, equally or more efficient Chinese models caused a huge amount of speculation: Is AI a bubble? AI is having its moment. on raising $3M for your workplace, autonomous AI agents!
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