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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.
There’s an interesting thing happening in the generativeAI world. More and more, established companies are leaning into generativeAI by either adding generativeAI features to their existing suite of tools or partnering with AI companies (mostly OpenAI or the open source HuggingFace) to launch entirely new products.
But even within our lean team we don’t require consensus to make investments. In fund one, our strategic backers from the worlds of media and entertainment always instilled in us the interest to find technologies to scale and automate content creation, distribution and monetisation.
It’s a bit crazy to think that even a year ago, the term ‘generativeAI’ was not exactly on everyone’s lips. To put things in context, let’s start with the basics: 2023 witnessed an impressive influx of $15 billion invested in generativeAI startups, significantly surpassing last year’s $4 billion.
Calling Israeli startup founders in Interactive Entertainment, AI & Gaming! With the rapid advancement of generativeAI, we’re seeing content creation, distribution and monetisation being disrupted faster than ever before.
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