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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 will really take off when it moves from playful to useful

VC Cafe

Generative AI will really become magic when it moves from 'playful' to 'useful' – we will use multiple generative AI tools at work in the future, like we use grammarly and canned responses today… AI will become more vertical, and specific per role — Eze Vidra (@ediggs) November 5, 2022.

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Generative AI mega rounds and opportunities for Israeli startups

VC Cafe

That’s not to say that application layer startups didn’t raise large funding rounds: Jasper ($125M), RunwayML ( $141M ) Tome ( $43M ), ElevenLabs, But Israeli startups, to a large extent, have been excluded from this trend, only securing smaller round. Are they too late?

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Israeli startup landscape collection 2023 edition

VC Cafe

Since the first version was published in Jan 2022 , there were a bunch of new companies created in web3 gaming, security and consumer experiences, and notably Celcius, the crypto lender and former unicorn, went bust. The Israeli Generative AI landscape. The Israeli startups building the Metaverse (credit: Remagine Ventures).

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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.