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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.
While incumbents like Amazon, Google, and Microsoft have vast resources and existing integrations, startups have the advantage of speed, focus, and the ability to attract top AI talent interested in building from the ground up. When it comes to GenerativeAI, the incumbents are not resting on their laurels.
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!
trillion was erased from the public market this week in what seems to be a ‘correction’ that is at risk of putting the US in a recession. That can certainly trickle down to the private markets and might keep the IPO window closed, for now. billion and Sony is experimenting with AI-powered characters on Playstation.
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 generativeAImarket was valued at USD 8.12 In 2022, VCs poured $1.37
I recently attended the Meta Marketing Summit in Tel Aviv, which shined a spotlight on Israeli B2C tech. So much so, that Meta recently launched a program to educate Israeli VC funds on the opportunities in the consumer market. founded in 2018, raised $22M to date) HourOne – generativeAI tex-to-video based on human presenters.
This underscores the Israeli ecosystem’s ability to attract investor confidence, even amidst market instability and conflict. Israeli startups deliver #NOMATTERWHAT In the wider tech and AI ecosystem it’s been another momentous week. Kol hakavod Benjamin Segal and team Matia for coming out of stealth with a $10.5M
Startups leveraging AI attracted over 60% of all capital raised in 2023. The country ranks 3rd globally in private AI investment, demonstrating its strong position in the global AImarket. At Remagine Ventures, about half of our portfolio companies are building in the vertical and horizontal AI categories.
seed extension) to scale your AI-based video ad optimisation! on coming out of stealth with $9.5M in seed funding to launch your AI-based dubbing platform ! Mazal tov David Talinovsky and team Bluespine on coming out of stealth with a $7.2M Asaf Yanai and team Alison.ai on securing a $13.3M seed round (an $8.2
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, The CrowdStrike global outage is estimated to have cost Fortune 500 companies $5.4bn.
VCs see Agentic AI as $4 Trillion Opportunity “A multi-trillion-dollar opportunity to reimagine software, services, and work” Insight Partners A new report by Battery Ventures is calling it the Coming AIMarket “Supercycle”. If you take into account the $2 trillion dollar spend on services, $1.5
An AI leverages deep natural language processing, text analysis, and computational linguistics to gain insight into customer opinion, understanding of consumer sentiment , and measuring the impact of marketing strategies. Synthetic data generation-to feed false information. AI Attack Surfaces. AI Hardware for the Edge.
.” – 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! Kudos Roi Tiger on raising a rumoured $20M seed round for a new cybersecurity startup still in stealth!
The costs later turned to likely be higher in reality, but the possibility of disrupting the dominance of US foundational models and the infrastructure they rely on (Nvidia) rattled the market and triggered a huge tech sell off and Nvidia’s loss of $650 billion in market cap in a single day.
NVIDIA introduced the Jetson Orin Nano Super Developer Kit, a $249 compact generativeAI supercomputer that delivers significant performance gains at half the previous model’s price. Great job Avihai Sodri and team Antidote Health on securing a $22M series B to advance AI Telehealth and ACA plans.
Amazing news Alon Dror , Hamutal Meridor and team Kela Technologies on coming out of stealth with $39 million in funding ($11M seed and $28M series A ) for your Defence tech startup dedicated to protecting Israel and our Western allies! Way to go Tal Chalozin and team 257 on coming out of stealth with a $9.2
The real numbers are likely to be much higher as Israeli startups choose to stay in stealth mode more than ever before. AI proponents are betting that $1.5T of services spend can be turned by AI into high gross margin software … along with another $1.5T YoY in global VC funding from $28.7B a year ago.
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