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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.
However, the current hype around generativeAI feels different. Naturally, a technology like generativeAI has the potential to transform and impact many industries, if not all. Many intelligent individuals and consulting firms have written about various industries and their potential use cases for generativeAI.
Media and Entertainment (includes Martech and Adtech) by Luma Partners LUMA Partners released their Q3 2024 Market Report for the Digital Media & Marketing sector. This capability could revolutionise content production and distribution for media and entertainment companies. billion in earn out based on performance.
Voice AI applications will unlock $10B of new software TAM over the next five years Bessemer Venture Partners Remember when talking to machines felt like science fiction? Agentic Automation for Enterprise Functions: GenerativeAI agents are being deployed to automate complex business processes across various functions.
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! APPOINTMENTS Way to go Koren Gilbai on joining Founders Fund as Partner to cover Israeli investments! via Trung T.
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.
One trend that was prominent at the conference was the rise of generativeAI in gaming. What events sparked the major revolutions in business models and distribution? /1 First and foremost, PGC it’s a meeting palooza – I received over 40 requests for meetings, mainly from game studios all over Europe.
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. As a result, we started investing in generativeAI in 2019, as a way to scale content creation.
The renewed investor confidence in the creator economy can be attributed to several factors, with artificial intelligence (AI) playing a pivotal role. ” This integration of AI technologies is opening up new avenues for innovation and scaling within the creator ecosystem.
Initially, many publishers were slow to recognize the internet’s impact on their business model as distribution and the classifieds and ad worlds split – or what Ben Thompson calls the “ Great Unbundling ”. How can media companies transform generativeAI from threat to opportunity ? What do you think?
The startup connects business teams in VR, merging game-like features with collaboration tools in one platform to help overcome some of the challenges of distributed teams and remote work. Remio (led by Jos van der Westhuizen ) marks our first VR investment ! Best wishes to you and your loved ones this holiday season. See you in 2023!
Key Characteristics of Non-Consensus Investments Radical Differentiation : Solving problems in ways no one else perceives Technological Leap : Introducing paradigm-shifting innovations Counterintuitive Approach : Challenging existing market assumptions At Remagine Ventures , we’re two GPs and a venture partner in the investment committee.
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 generativeAI application layer (Source: Sequoia ). Sonya Huang, Pat Grady, and GTP-3, Sequoia.
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.
The spend is way off whack, and businesses are spending less and less of marketing because even with generativeai, what you're seeing is you're seeing sameness in content people now people are generating content through generativeai. This will give you a list of potential partners. Who do they follow?
This figure only includes studios, and doesn’t include gaming infrastructure and supporting services (advertising, payments, distribution etc) which serve the gaming industry. Israeli gaming startups generated $8.6 The rise of generativeAI is likely to have a significant impact on the gaming industry in 2023.
I searched for internships that would allow me to explore generativeAI. Israel’s track record of producing innovative tech startups like Waze, Fiverr, Lightricks, and more, made Israel a natural choice for emerging generativeAI startups. Moreover, I was able to contribute to the Israeli generativeAI landscape.
As a pre-seed investor at Remagine Ventures , half of our investments are in B2B Software, especially around technologies in the content creation, distribution, monetisation and analytics space. Metric Unremarkable Good Excellent Outlier ARR <$500k $500k-$1.5m $1.5m-$2.5m >$2.5m Fundraising has become meaningfully tougher.
GenerativeAI now has the potential to exponentially grow the quantity of content created. Articles, ads, images, videos, voice, graphs, 3D objects, music, scientific papers… all can be created today with AI. Base10 includes 300 startups in their generativeAI landscape (source).
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.
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