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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.
This video of Einstein speaking, was generated from a single image: Additionally, ByteDance has dedicated a team within its video editing platform , CapCut , to further AI development, signalling its commitment to creating next-generationAI-powered content tools. and European enterprise markets.
billion in earn out targets) and Wiz, Israel’s fast growing cybersecurity startup is talks on raising funding at $20 billion valuation, after turning down a Google acquisition offer for $23 billion. With attractive valuations and immense growth potential, the Israeli tech ecosystem remains resilient—no matter the circumstances.
Meta is on track to become the most used open source AI by the end of the year. Meta is on track to become the most used open source AI by the end of the year. And so much more it’s genuinely hard to keep up… QUOTE OF THE WEEK Israel continues to draw investors seeking bold, determined solutions to global challenges.
” And the best three VC vintages in the last 25 years came in the three years after the global financial crists – 80% of those returns came from emerging managers. As a result, we started investing in generativeAI in 2019, as a way to scale content creation.
billion valuation ), to enable automated management of cloud backups! 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! Mazel tov Ori Soen and team Montara on your $5.4M
billion at $150 billion valuation. Jony Ive, former famed Apple designer, is collaborating with Sam Altman on a new AI-focused device to replace the phone. YouTube launched a bunch of generativeAI video capabilities for creators and Google made several upgrades to the impressive NotebookLM.
That’s the case for most companies that are already in the market, especially if they raised funding at imaginary valuations before. Global venture funding fell 42% year over years to $248.8 To put in context, the major crossover funds Tiger Global, Temasek, Coatue and Softbank participated in $148B of VC deals in 2021.
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! Great milestone Dvir Hoffman and team CommBox on your $15M series B to build the future of customer experience powered by AI!
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. valuation to complete the acquisition of PayU ! AI inference spending expected to grow 70% YoY to $208.2B
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 ).
GenerativeAI is a beacon of hope In this grim scenario, Artificial Intelligence, and more specifically GenerativeAI, emerges as the global industry’s lifebuoy, attracting investments and elevating valuations of entities across the spectrum. The proposed judicial reforms caused some short-term uncertainty.
Big congrats Yevgeny Dibrov and team Armis on your $200M series D (at a valuation of $4.3 Mabruk Matan Bar and team Melio on your $150M series E (at $2 billion valuation ) to integrate cash flow management, accounts receivable and accounts payable solutions! billion), to protect the entire attack surface of companies!
OpenAI in on course to raise $7 billion at $150 billion valuation (and on course to do $3.4 Microsoft and BlackRock are teaming up for a new $100 billion AI infrastructure fund. Kudos Adi Perry and team with on securing a $10M seed round to turn cities into communities with generativeAI! billion in revenue this year).
billion round at a $61 billion valuation. DeepSeek AI sparked a nationwide push in China to deploy its LLMs everywhere from hospitals to local governments. Mira Murati s Thinking Machine Labs said to raise $1B at $9B valuation. A new foundation model called Magma , claims to be the first for multimodal AI agents.
Bitcoin topped a record of all time at $87,000, Chinese gaming giant Tencent reported 47% surge in profits from gaming and AI, and Perplexity is nearing $500M funding round at $9 billion valuation as it started introducing ads.
In the wider tech world, GenerativeAI startups raised $14.4B of global venture capital volume. There’s been huge progress in AI in the past two weeks including new models from Meta , Google DeepMind , OpenAI searchGPT and voice models, Hugging Face SlolLM. in Q2 2024 alone, which is 16.5%
AI is having its moment. GlobalAI funding surged past the $100B mark for the first time ever in 2024 and just by this week’s announcements, it’s more than likely that will at least double that amount in 2025. OpenAI announced it will be raising another $40 billion at a whooping $340 billion valuation.
Flash , and announced it will launch an ‘ AI search mode ‘ to compete with new rival chatbots. Databricks secured a new $10B funding round at a $62B valuation and Perplexity raised $500M at $9 billion valuation. Israel launches new programs to address AI talent shortage. There have been some BIG rounds.
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