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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 will impact the world of media and entertainment in a profound way, across three areas: Content Generation : GenerativeAI is capable of creating diverse forms of content, including text, images, music, and video. This capability could revolutionise content production and distribution for media and entertainment companies.
Meta is on track to become the most used open source AI by the end of the year. Way to go Haim Halpern and team Datricks on your $15M series A for your AI-powered compliance and risk management platform! Interesting overview of vertical AI companies by IVP ( source ) Revenue per employee. via Trung T. Keep on creating!
Paul Graham’s recent essay, Founder Mode , describes the mindset that founders need to adopt to navigate the earlystages of building a startup, and how they’re different than ‘manager mode’ which is traditional management/corporate best practices.
It’s also not an accident that, upon stepping back from being Textio’s CEO, I’ve built a sizable exec coaching practice working largely with earlystage founders. Textio relied on both of these strategies for a few years before launching our first truly generativeAI capabilities back in 2019.
GenerativeAI is well on the way to becoming not just faster and cheaper, but better in some cases than what humans create by hand. Creative AI or Creative automation is increasing at a rapid pace. The application landscape, while still in the earlystages, seems to be rapidly growing. How far can this tech go?
Benchmark: Serena Capital suggests that B2B SaaS startups should aim for a 10% month-over-month MRR growth rate in the earlystages. ARR growth rates decreased significantly in 2023 and growth stage companies were most impacted. Metric Unremarkable Good Excellent Outlier ARR <$500k $500k-$1.5m $1.5m-$2.5m >$2.5m
This could involve distributing flyers, putting up stickers, or even setting up a booth at a local event. Generate Excitement and Word-of-Mouth: Create a waitlist: This creates a sense of exclusivity and anticipation around your product. It’s so much easier to create content these days with generativeAI.
He talked about where we are in the timeline of generativeAI and it made me realise that we’re making an interesting shift now. Durable distribution advantages. The Modern AI Stack – Menlo Ventures ( source ) If not LLMs, where will the value accrue in GenerativeAI?
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. Categories like AI companions, productivity enhancers, and new creative platforms, are being launched with significant user engagement.
Sarah Guo and Conviction Capital Sarah Guo is the founder of Conviction, an earlystage VC fund, Embed is an acceleration program launched by Conviction, investing $150K into pre-seed AI startups. They emphasise the importance of clever consumer distribution, speed, and privacy, suggesting a hybrid local/cloud approach.
Until now, the majority of the value in generativeAI has been captured by the infrastructure layer: foundational models (LLMs), the cloud providers and the hardware infrastructure/ data centres. However now, the AI landscape is undergoing a significant shift, prompting a crucial question: Where will the future value of AI accrue?
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