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Israel Generative AI predictions for 2024

VC Cafe

In November 2022 I published a post titled “ generative AI 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 generative AI went mainstream The pace of advancement in generative AI has been astounding.

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The future of search is being reinvented with generative AI

VC Cafe

Global search engine market share in May 2023 (source) However, since the introduction of ChatGPT in November 2022, user habits (and perhaps expectations) began to change. It felt like magic to just type a question in natural language and have the answer formatted, generated, and iterated, on the spot.

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Requests for Startups in 2024

VC Cafe

Small fine-tuned models as an alternative to giant generic ones – when finely tuned with appropriate data, smaller, specialised LLMs can yield comparable results at a fraction of the cost. Technological Convergence – The global equity market value associated with disruptive innovation could increase to 60% by 2030.

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2023 Global Venture Reports were Gloomy, but there are reasons to be optimistic

VC Cafe

Global venture funding fell 42% year over years to $248.8 For example, Tiger Global, a crossover fund which was one of the most active venture investors in 2021 went from 194 deals in 2021 to a mere 20 in 2023 and has been trying to actively sell its positions in the secondary market at steep discounts to get liquidity.

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Generative AI mega rounds and opportunities for Israeli startups

VC Cafe

I was interviewed by TheMarker (Hebrew only) on why Israeli startups haven’t been part of the mega funding rounds in AI. Amidst this bleak funding environment, AI has been a saviour, reports the WSJ. Companies categorized as AI in Crunchbase raised $25 billion in the first half of 2023, representing 18% of global funding.

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Investing in Generative AI tools

VC Cafe

billion on 78 generative AI 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 trillion to the global economy, with $6.6 The global generative AI market was valued at USD 8.12

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Say Hello to My New AI Marketer: How Gen AI-Based Software Is Advancing Marketing and Sales

Ben's Blog

Marketing is particularly well suited for adopting generative AI because it is an iterative, creative, and dynamic practice that relies on the types of media — texts, images, video — that have driven LLM development. The companies created in this stage will likely start from a vertical, like video or email, and evolve over time.