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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.
GenerativeAI is already being used in developer workflows. We expect AI to further augment content creation pipelines by generating images, audio, video, and code. The applications for generativeAI are vast, for us at Remagine Ventures, naturally the impact it can have on gaming is really significant.
billion invested in coding agents and co-pilots alone, with Google, Salesforce, Meta, and other incumbents heavily investing in Agentic AI. When it comes to GenerativeAI, the incumbents are not resting on their laurels. Google is also leaning in on AI Agents. Since then, we’ve seen approximately $1.5
I was in Helsinki this week and met a great number of European and US VCs, LPs and founders. 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!
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 The global generativeAI market was valued at USD 8.12 In 2022, VCs poured $1.37
Cohere debuted Command-A , a generativeAI model aimed at complex enterprise tasks that can run on minimal compute. billion and Sony is experimenting with AI-powered characters on Playstation. Way to go Yair Adato and team BRIA AI on raising your $40M series B to scale your gen AI visual models trained on licensed data!
And new technologies, like generativeAI, are creating new opportunities for founders to stand out in the consumer space. Lighttricks – the suite of mobile apps for photo and video editing, and most recently generativeAI photo and video generation. Passed the $100M revenue mark in 2022.
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. AI at Meta launched LLaMa 3.1, 608 (27%) out of 2,321 unicorn founders with data on an undergraduate degree received it outside the US.
I’ve written about Agentic AI on VC Cafe in May 2024 and specifically about AI agents as the evolution of RPA (robotic process automation) in September 2024. But first, a refresher on what is Agentic AI , how it’s different and why VCs are all of a sudden so excited about it. What’s Different About Agentic AI?
is the co-founder and co-director of Bad Robot Productions , which has been the force behind some of the most successful and well-known films and TV shows of our time. Bear in mind, just like any of us working in stealth mode, there’s a limit on how many insider details J.J. Generating stories, generating conversation.
Ilya Sutskever , co-founder of OpenAI is in talk to raise billions for Safe Superintelligence Inc. ” – Steve Jobs NEW FUNDING ROUNDS Congrats Ido Wiesenberg and team Voyantis on securing a $41M series B to support companies with AI driven marketing spend and revenue prediction! Well done Ouriel Ohayon ??
From the founders who chose to start companies this year against the odds, to the new funds that managed to attract capital despite the news, and to all the participants in the Israeli tech ecosystem in Israel and abroad – keep on creating!
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