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While the seemingly overnight success of ChatGPT was culmination of more than a decade of iterations in ‘creative automation’, the progress we’ve witnessed in AI over the last couple of years is poised to forever change the landscape of content creation. But GenerativeAI has yet to live to that hype.
* 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.
Andreessen Horowitz Consumer Team Opportunities for startups I’m a big fan of the content A16Z has been publishing on generativeAI over time. Bitcoin Allocation – Growing the role of bitcoin in investment portfolios. AI-Native MMPGs and Social – What would a game world populated by AI’s be like?
However, the current hype around generativeAI feels different. Naturally, a technology like generativeAI has the potential to transform and impact many industries, if not all. Many intelligent individuals and consulting firms have written about various industries and their potential use cases for generativeAI.
However, NextView’s initial GenerativeAI investing hypothesis has been focused not on the amusement factor of democratizing access to art, music, and text generation for the masses layperson/hobbyists which has captured much of the attention in the popular press and zeitgeist.
Essentially, show that you can build a great portfolio and deploy all capital pre series A.” From a technology point of view, new tech tools like generativeAI means that tasks can be accomplished with fewer resources and at a higher 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.
This will impact the world of media and entertainment in a profound way, across three areas: Content Generation : GenerativeAI is capable of creating diverse forms of content, including text, images, music, and video. However, 68% of organisations have moved only 30% or fewer of their generativeAI experiments into production.
According to Pitchbook, “The median return of emerging fund portfolios narrowly exceeded that of their established counterparts, while the top-quartile figure delivered by emerging managers significantly outperformed.” As a result, we started investing in generativeAI in 2019, as a way to scale content creation.
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 ?
We still believe that there are huge opportunities in decentralized networks, especially in DeFi, as well as the blockchain’s capacity as a “system of record”, especially now with the explosive progress of generativeAI (another emerging theme we’re spending time on).
Cambridge Associates found that top-quartile VC funds consistently featured a higher proportion of these contrarian bets in their portfolios. High-conviction, consensus investments can anchor a portfolio , providing steadier returns. Our first investment in this space was Hour One , the AI avatar text to video company.
It’s hard to believe that ChatGPT is only 2 years old, considering the amount of capital that has been invested in generativeAI startups since. What to Expect: AI agents managing financial portfolios, purchasing goods, and negotiating contracts in real-time. Security protocols for AI-driven commerce.
I have been thinking lately about the impact of generativeAI on the future of the internet. One aspect I am particularly intrigued about is how our world of media and entertainment will look like with AI. The content explosion fueled by generativeAI is just beginning.
Or, it’s just what “generativeAI” does with a series of uploaded images of the two of us if given some creative prompting. This is where companies like Hidden Door (BBV portfolio co) come in. Now, with generativeAI, creators will only be limited by their creativity and not by their directly applicable manual skillset.
Calling Israeli startup founders in Interactive Entertainment, AI & Gaming! With the rapid advancement of generativeAI, we’re seeing content creation, distribution and monetisation being disrupted faster than ever before. Drop us a line or slide into our DMs – we’re all ears!
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. Disclosure: a Remagine Ventures portfolio company.
I searched for internships that would allow me to explore generativeAI. Israel’s track record of producing innovative tech startups like Waze, Fiverr, Lightricks, and more, made Israel a natural choice for emerging generativeAI startups. Moreover, I was able to contribute to the Israeli generativeAI landscape.
The country ranks 3rd globally in private AI investment, demonstrating its strong position in the global AI market. The new AI landscape included in the report (below) is a great evolution of the Israeli GenerativeAI landscape we (Remagine Ventures) published in Calcalist in May 2024.
There’s no doubt that AI Agents can spark our imagination of what’s possible… building automation workflows, agents talking to agents, making autonomous decisions until the project is done. In practice however, AI agents are unfortunately still not so reliable, and you’d be taking a big risk by using them blindly.
Finally, Walmart’s CEO Doug McMillon just reported that the company is using generativeAI to increase its productivity, updating 850 million product catalog entries 100 times faster than human-led methods. Views on value of portfolios depend on the eye of the beholder. Anduril Industries raised $1.5 for its defence tech.
This also includes companies like Echo3D , a DAM for 3D assets that enables viewing of heavy 3D models in the browser (disclosure: a Remagine Ventures portfolio company) Web Design: AI-powered website builders with advanced customization options and business-in-the-box functionality.
As we referenced earlier, we’re also starting to see more companies navigate this question as they adopt usage-based pricing, particularly with generativeAI. We follow a decision tree when counseling portfolio companies on ascertaining new customers’ willingness to pay.
However, entrepreneurs have never really stopped building new consumer experiences and technology (in particular GenerativeAI) is unlocking a new wave of innovation in consumer startups. Categories like AI companions, productivity enhancers, and new creative platforms, are being launched with significant user engagement.
Until now, the majority of the value in generativeAI has been captured by the infrastructure layer: foundational models (LLMs), the cloud providers and the hardware infrastructure/ data centres. However now, the AI landscape is undergoing a significant shift, prompting a crucial question: Where will the future value of AI accrue?
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 vertical AI businesses – by Bessemer Venture Partners Interesting slide deck by Evan Shap?
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