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OpenAI for enterprise key features: Enhanced privacy, SOC2 No usage caps performs up to two times faster 32k context in Enterprise, allowing users to process 4x longer inputs or files Samsung Electronics, Google and others have restricted employees from using generativeAI bots for fear that confidential information will be leaked.
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? But substantial investments are also being deployed into emerging startups, particularly into vertical applications. Vertical Applications Taking Off.
Media and Entertainment (includes Martech and Adtech) by Luma Partners LUMA Partners released their Q3 2024 Market Report for the Digital Media & Marketing sector. There is an increasing convergence of content generation, data & identity, and marketing automation , driven by AI.
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.
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.
2023 was the year of generativeAI, but more specifically, the year we witnessed the power and potential of LLMs, large language models. Both startups and large tech companies leaned in hard, incorporating automation tools and generativeAI applications across verticals. Visual generativeAI made strides as well.
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.
A new landscape by Greenfield Partners mapped 25 startups (and several unicorns) operating in this space was published by Calcalist in Jan 2023. The Israeli open source startup landscape (credit: Greenfield Partners). The Israeli GenerativeAI landscape. Open source tech.
The state of GenerativeAI startups in Israel According to The Global AI Index by Tortoise Media, the first index to benchmark nations on their level of investment, innovation and implementation of artificial intelligence, Israel is the 7th most attractive AI hub globally. Are they too late?
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.
An interesting new report by Dealroom and Flow Partners breaks down the massive investment that the “Magnificent Seven” (or M7 for short) are plowing into AI across verticals. It’s impossible to ignore the impact that Google/Alphabet, Microsoft, Amazon, Nvidia, Meta, Apple and Tesla/xAI have on AI.
Main takeaways from “Into the Metaverse” The event opened with a presentation by Hamza Khan , a Partner at McKinsey & Company and author of the “ Value creation in the metaverse ” report shared it will take time for VR to become mainstream and enable “fully immersive 3D worlds” but there’s a ton of innovation happening in web 2.5
Ten principles for building strong verticalAI businesses , by Bessemer Venture Partners MEDIA OF THE WEEK Cybersecurity and verticalAI deemed highest potential areas of investment by 25 early stage Israeli VCs in latest report ( source ) One of the big problems of venture capital these days is the lack of liquidity.
Marketing is particularly well suited for adopting generativeAI because it is an iterative, creative, and dynamic practice that relies on the types of media — texts, images, video — that have driven LLM development. The companies created in this stage will likely start from a vertical, like video or email, and evolve over time.
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.
Meta is on track to become the most used open source AI by the end of the year. APPOINTMENTS Way to go Koren Gilbai on joining Founders Fund as Partner to cover Israeli investments! Congrats Lia Cromwell on your promotion to Partner at UpWest ! Interesting overview of verticalAI companies by IVP ( source ) Revenue per employee.
I suspect many of the first-wave of GenAI startups targeting the application layer will fall victim to this as the big platforms expand and partner to offer similar features. If you want to learn more about these advantages, I recommend Harry Stabbings “ 20 Minute VC ” podcast featuring Sarah Tavel , a partner at Benchmark.
But in the coming age of generativeAI, endless synthetic content and misinformation – there might be an opportunity for traditional media companies to regain their reputation as a 4th branch within a democracy. How can media companies transform generativeAI from threat to opportunity ?
Introduces Click-to-Game AI Technolog y That Creates Playable 3-D Games in Under a Minute (disclosure: it’s one of our portfolio companies at Remagine Ventures ) GLOBAL Ten principles for building strong verticalAI businesses – by Bessemer Venture Partners Interesting slide deck by Evan Shap?ro
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. Databricks secured a new $10B funding round at a $62B valuation and Perplexity raised $500M at $9 billion valuation.
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