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In November 2022 I published a post titled “ generativeAI will go mainstream when it goes from playful to useful “, and I think you will agree that this transition is in full swing. 2023 was the year generativeAI went mainstream The pace of advancement in generativeAI has been astounding.
especially if the startup already has a product and revenue? Everyone moved to earlier stage – part of the decline in late stage investing is the ‘baggage’ of companies that previously raised money at inflated valuations that they would struggle to justify in today’s market.
Sierra AI , founded by Bret Taylor (former co-CEO of Salesforce, CTO of Facebook and current chairman of OpenAI) is currently raising hundreds of millions of dollars at $4 billion valuation, just a year or so from launch after unlocking AI voice agents for companies.
billion valuation ), to enable automated management of cloud backups! Way to go Maor Sason and team Appcharge on your $26M series A to help gaming companies keep more of their in-app-purchases revenue! It grew revenues by 6400% from $1M in November 2023 to to $65M today in just one year.
Meta is on track to become the most used open source AI by the end of the year. With attractive valuations and immense growth potential, the Israeli tech ecosystem remains resilient—no matter the circumstances. Interesting overview of vertical AI companies by IVP ( source ) Revenue per employee. via Trung T.
GenerativeAI will really become magic when it moves from 'playful' to 'useful' – we will use multiple generativeAI tools at work in the future, like we use grammarly and canned responses today… AI will become more vertical, and specific per role — Eze Vidra (@ediggs) November 5, 2022.
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!
12:22] Would you look at the value derived by digital technologies differently than by producing customer value or revenue? [14:23] And the model we had in mind, there's a book called Valuation, which our, our firm has had an updated every year for the past 20 years or more. So I will, I'll use generativeAI as an example again, right?
Cohere debuted Command-A , a generativeAI model aimed at complex enterprise tasks that can run on minimal compute. billion and Sony is experimenting with AI-powered characters on Playstation. valuation to complete the acquisition of PayU ! AI inference spending expected to grow 70% YoY to $208.2B
Israeli gaming startups generated $8.6 billion in revenue in 2021, an 8x increase over a five year period, representing 5% of the global gaming revenue. For example, Genshin Impact by miHoYo , the studios’a first title, has generated $3.7 Global gaming revenues. The full report is embedded below.
Notable companies in the landscape include: Improbable – the simulation engine company, famously building Otherside, the virtual world by Yuga Labs (owners of the Bored Ape Yacht Club), which most recently raised $100 million at $3 billion valuation. UK XR startups generated over $1.4 billion in revenue in 2022.
OpenAI in on course to raise $7 billion at $150 billion valuation (and on course to do $3.4 billion in revenue this year). Microsoft and BlackRock are teaming up for a new $100 billion AI infrastructure fund. Kudos Adi Perry and team with on securing a $10M seed round to turn cities into communities with generativeAI!
billion round at a $61 billion valuation. DeepSeek AI sparked a nationwide push in China to deploy its LLMs everywhere from hospitals to local governments. Mira Murati s Thinking Machine Labs said to raise $1B at $9B valuation. A new foundation model called Magma , claims to be the first for multimodal AI agents.
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