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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.
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!
It’s a testament to the fact that Israeli tech delivers #NOMATTERWHAT. In the wider tech world, GenerativeAI startups raised $14.4B Kudos Eran Shust and team Holisto (formerly Splitty) on your $10M series B for your price aggregation technology! in Q2 2024 alone, which is 16.5%
The Department of Defense has thought that Artificial Intelligence is such a foundational set of technologies that they started a dedicated organization- the JAIC – to enable and implement artificial intelligence across the Department. These technologies will transform businesses and government agencies. AI in National Security.
The costs later turned to likely be higher in reality, but the possibility of disrupting the dominance of US foundational models and the infrastructure they rely on (Nvidia) rattled the market and triggered a huge tech sell off and Nvidia’s loss of $650 billion in market cap in a single day.
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