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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.
While incumbents like Amazon, Google, and Microsoft have vast resources and existing integrations, startups have the advantage of speed, focus, and the ability to attract top AI talent interested in building from the ground up. 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. billion and Sony is experimenting with AI-powered characters on Playstation. Interesting news in gaming: Niantic, Inc.
billion on 78 generativeAI deals —almost as much as was invested in all of the previous 5 years combined, according to PitchBook data. According to a new industry report by Skyquest , AI will contribute $15.7 The global generativeAI market was valued at USD 8.12 In 2022, VCs poured $1.37
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. Much has changed since then.
Congratulations Elad Raz and team NextSilicon for coming out of stealth with a $100M series C round (and over $300M raised to date) to create the next generation of AI semiconductors, starting with Maverick 2! Kol hakavod Benjamin Segal and team Matia for coming out of stealth with a $10.5M
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.
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, The CrowdStrike global outage is estimated to have cost Fortune 500 companies $5.4bn.
The companies that win won’t just have the best technology – they’ll be the ones that address ethical concerns head-on and build trust with both users and regulators. There’s a whole range of startups in this space, including open source ComfyUI , which offers developers a powerful design companion.
In the wider tech world, GenerativeAI startups raised $14.4B There’s been huge progress in AI in the past two weeks including new models from Meta , Google DeepMind , OpenAI searchGPT and voice models, Hugging Face SlolLM. It’s a testament to the fact that Israeli tech delivers #NOMATTERWHAT.
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.
In the latest episode of Greymatter’s Iconversations series, Hoffman talks with Abrams about how science fiction and real-world technology take inspiration from one another, how to recognize a good idea when you see one, and the gravity of being behind any innovation that affects society on a large scale. can share about future projects.
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
.” Abraham Lincoln NEW FUNDING ROUNDS Congratulations Kevin Hykes and team Augmedics on your $30M series E to give surgeons “x-ray vision ” using cutting-edge augmented reality technology! Well done Dani Cherkassky and team Kardome on securing a $10M series A for spatial hearing AItechnology!
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