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The ever growing Israeli Generative AI landscape April 2023

VC Cafe

* Originally published on Calcalist , April 20 2023 Since the day ChatGPT was introduced in November 2022, it has become the fastest growing consumer product, putting the words ‘generative AI’ in the mainstream. Generative AI is advancing at a breakneck speed.

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Generative AI: Incumbents vs. Upstarts

VC Cafe

There’s an interesting thing happening in the generative AI world. More and more, established companies are leaning into generative AI by either adding generative AI features to their existing suite of tools or partnering with AI companies (mostly OpenAI or the open source HuggingFace) to launch entirely new products.

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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

To put things in context, global venture funding in Q2 2023 reached $65 billion, an 18% decline quarter over quarter, and a 49% drop compared to the second quarter of 2022, when startup investors spent $127 billion, according to Crunchbase. Amidst this bleak funding environment, AI has been a saviour, reports the WSJ.

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

VC Cafe

It’s easy to find bad news about venture capital these days. In other words, the venture capital bust has only just started. 2023 was a rough year for Venture Capital and for startups, and it might get even worse. Global venture funding fell 42% year over years to $248.8

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There’s more to generative AI than picks and shovels

VC Cafe

It’s a bit crazy to think that even a year ago, the term ‘generative AI’ was not exactly on everyone’s lips. To put things in context, let’s start with the basics: 2023 witnessed an impressive influx of $15 billion invested in generative AI startups, significantly surpassing last year’s $4 billion.

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Artificial Intelligence and Machine Learning– Explained

Steve Blank

But because a large percentage of it is open-source AI is not limited to nation states, AI-powered cyber-attacks, deepfakes and AI software paired with commercially available drones can create “poor-man’s smart weapons” for use by rogue states, terrorists and criminals. AI Attack Surfaces. Massive Data Sets.