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

VC Cafe

That’s the case for most companies that are already in the market, especially if they raised funding at imaginary valuations before. Valuations are down massively from 2021 peak, especially at the growth stage. Seed valuations are down “only” 57% compared to Q4 2021. Generative AI is game changer.