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Impressions from Pocket Gamer Connects in London

VC Cafe

One trend that was prominent at the conference was the rise of generative AI in gaming. First YoY drop since dotcom, but up 1% from 2020 ( source ) When it comes to M&A however, 2022 was a record breaking year with $127 billion invested across 1,250 deals, according to the latest 2022 state of gaming report by Drake Star.

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Textio’s Founder Kieran Snyder on the Two Advantages Startups Have in AI (While Remaining Skeptical Of The Funding Gold Rush)

Hunter Walker

When it comes to AI applications, big companies have more competitive advantages than they ever have before, because they already own the workflows and data that can make AI features stickiest. Big companies are also rich with much more cash to fund AI investments and compute costs. The first one is simply focus.

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How the pre-seed round made a comeback in 2024

VC Cafe

Pre-seed rounds accounted for 14% of all seed stage deals in 2023, up from just 5% in 2020 according to Pitchbook data and I predict it will be even higher in 2024. While the answers are somewhat semantic, the pre-seed funding round is making a comeback in 2024 startup financing.

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The State of Creative Automation

VC Cafe

GPT-3, a complex algorithm for AI text generation, is making text automation broadly available. Full scale generative text engines : GPT-3/ Open AI – launched only in May 2020 by OpenAI , GPT-3 quickly made waves as the largest neural network ever created. My virtual synthetic music studio, by Amper.