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Israel’s Growing Generative AI Landscape – May 2024 Edition

VC Cafe

The generative AI market is exploding globally, with venture capitalists pouring $12.8 Israel is positioning itself as one of the potential leading hubs for generative AI globally. Israel is positioning itself as one of the potential leading hubs for generative AI globally.

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Generative AI mega rounds and opportunities for Israeli startups

VC Cafe

Most of the companies that raised these mega rounds are relatively early stage in terms of product and monetisation (if at all) and about half of the companies that raised large sums, are developing LLMs, which generally requires deep pockets to cover 1) cloud costs, 2) expensive deep learning engineers 3) get the data to train the models.

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

VC Cafe

2023 was a rough year for Venture Capitalists and startups alike Plummeting deal volume (US down 40%, UK %50, Israel 60%) back to 2017 volumes. And not a particular sector, but AI startups, in particular generative AI attracted close to $50 billion in funding last year, globally. Generative AI is game changer.