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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.
Baichuan AI is pivoting toward specialized AI models for finance and healthcare. AI has partnered with Alibaba to focus on AI applications in e-commerce rather than competing directly with OpenAI. Zhipu AI has developed “Ying,” a text-to-video AI model, opening new avenues in content generation.
I previously wrote about the big tech titans battling the area of AI supremacy , mainly Google vs. Microsoft (via OpenAI) and also the past, present and future of tech wars. But the battle between LLMs isn’t just between the tech giants. The battle between the various large language models (LLMs) is heating up.
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. That’s yet another reason for micro funds to move earlier in the fundraising timeline.
For the past 10 years, with interest rates near zero, VC investors plowed record amounts into tech startups and enjoyed a seemingly ‘easy’ investing environment. Seed and pre-Seed investment levels and valuations remain healthy, there’s more talent in the market and less competition. Luck favours the bold!
The IVC-LeumiTech Israeli TechReview Q3/2024 full report will be published in October, but the preliminary numbers released today provide a reason for optimism, which is pretty remarkable, given the war. With attractive valuations and immense growth potential, the Israeli tech ecosystem remains resilient—no matter the circumstances.
They look at founders as their customers, and the best emerging managers will roll up their sleeves and do candidate reviews, pitch deck assistance and bespoke BD for startups, and personalised updates for LPs. The focus on entertainment tech meant that we always cared about content creation, distribution and monetisation.
In the wider tech world, Bitcoin nearly crossed the $100K mark, Anthropic raised another $4 billion(!) billion valuation ), to enable automated management of cloud backups! How the current war put Israeli Defence tech on the map (report by Viola) Patrick’s tame post on Israel.
There’s been a lot of excitement and drama in the wider tech world this week. billion at $150 billion valuation. Jony Ive, former famed Apple designer, is collaborating with Sam Altman on a new AI-focused device to replace the phone. Could Orion’s AR glasses replace the smartphone (in due course?)
The breakneck speed of AI advancement is one of those areas where the stream of information is so constant and so dense, that it’s very hard to process it all, let alone STAND OUT in the crowd. This creates a challenge, but also an opportunity for startups in the generativeAI space. How many of them do you know?
Non-consensus investments , on the other hand, are those that defy popular opinion or seem risky due to unconventional business models, unproven markets, or early market entry. When too many investors pile into ‘obvious’ opportunities, valuations inflate and returns compress.
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!
He serves clients across a range of industries on growth strategy, performance improvement, and value creation by harnessing the power of data and analytics, digital culture and capabilities, and modernized core technology. He is the co-author of Rewired: the McKinsey’s Guide to Outcompeting in the Age of Digital and AI. That's right.
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%
Fast forward six months, and OpenAI is in talks of raising $40 billion, at a valuation of $340 billion. Ilya Sutskever’s SSI is currently raising money at $20 billion valuation (pre-launch) and the list goes on. This technological shift may require established players to adapt to avoid being outpaced by more agile competitors.
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