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Over the years, software has picked off more and more of these tasks, but even today, humans still own the vast majority of business processes. In every function, headcount costs dwarf software expenditures by orders of magnitude. When it comes to GenerativeAI, the incumbents are not resting on their laurels.
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. Way to go Yair Adato and team BRIA AI on raising your $40M series B to scale your gen AI visual models trained on licensed data!
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”. If you take into account the $2 trillion dollar spend on services, $1.5
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, APPOINTMENTS Mazel tov Nadav Zafrir on being named the new CEO of Check Point Software !
But they herald a sea change in what computers are capable of doing, how they do it, and what hardware and software is needed to do it. These rules are explicitly coded into a program using a software language (Python, JavaScript, C#, Rust, …). Classic Computers – Software Updates, New Features. Classic Computers- Hardware.
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?
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.
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. The real numbers are likely to be much higher as Israeli startups choose to stay in stealth mode more than ever before.
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