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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.
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!
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.
In the wider tech world, GenerativeAI startups raised $14.4B 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. APPOINTMENTS Congrats Sarai Bronfeld on your promotion to partner at NFX !
The world’s first AI audio-to-video foundation model designed to generate UGC content. Freepik partnered with Google to integrate Veo 2 , and now it supports image-to-video. Cohere debuted Command-A , a generativeAI model aimed at complex enterprise tasks that can run on minimal compute.
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, Kudos Eyal Azoulay on joining Entrée Capital as the newest partner! the most powerful open source LLM to date.
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 AI Market “Supercycle”. This isn’t just automation ; it’s autonomous problem-solving.
Abrams discusses how “ Westworld ” explored “this question about what it is to be human… Yes, there are real things about creating robots and AI, but what you’re really telling is this entire story that plays out all of these very canonical human tendencies.”. Generating stories, generating conversation. JA: Agreed.
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 By me on VC Cafe.
APPOINTMENTS Kudos Nofar Amikam on being appointed managing partner at the Glilot Capital Partners seed/pre-seed fund! LINKS FOR YOUR BROWSER Israel Israel’s AI expansion Blueprint report by F2 Venture Capital , Deloitte and Google Cloud Israeli startups raised nearly $1 billion in October 2024.
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