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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.
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.
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.
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.
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.
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?
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