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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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Impressions from Pocket Gamer Connects in London

VC Cafe

One trend that was prominent at the conference was the rise of generative AI in gaming. Gaming is a sector that traditionally struggled to attract venture capital investment in the early days, as mentioned by Mitch Lasky and Blake Robbins in the Gamecraft podcast. billion in 2022.

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The Real Promise of Gen AI: It’s in the Apps, Not the Pipes

VC Cafe

Although GenAI is a revolutionary technology, incumbents in the infrastructure domain are aggressively investing. Many startups have created so-called “wrappers” around platforms like ChatGPT and other Gen AI technologies. Native GenAi companies should leverage that cost advantage.

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Everybody is talking about AI Agents and Automation

VC Cafe

For example what if you could pay an AI agent to file your taxes, manage your stock portfolio, write your content, summarise your meetings and remind you of action items, and so on and so on. In practice however, AI agents are unfortunately still not so reliable, and you’d be taking a big risk by using them blindly.

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The first UK Metaverse Startup Landscape

VC Cafe

Together, we mapped 89 companies, that collectively raised over £2 billion in venture capital across consumer experiences, enabling technologies and infrastructure. There are an estimated 2,106 immersive technology companies in the UK, representing an 83% growth in the last five years. UK XR startups generated over $1.4

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How the pre-seed round made a comeback in 2024

VC Cafe

Fresh data from 15,000+ SAFEs signed last year (source: Carta ) Technology makes it possible to do more with less – LLMs, generative AI have are rapidly changing the game with all kinds of automations, from coding to content creation. The post How the pre-seed round made a comeback in 2024 appeared first on VC Cafe.

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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.