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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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The future of search is being reinvented with generative AI

VC Cafe

In December 2022, just a month after the introduction of ChatGPT, Google understood the risk as well and launched a ‘code red’ – a company-wide emergency effort to tackle generative AI and come back with an adequate response to ChatGPT and Microsoft Bing.

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Requests for Startups in 2024

VC Cafe

In addition, founders thinking about starting a company can be overwhelmed by choice, as there are so many problems to tackle with technology, but it could be comforting to know that investors are interested in those areas in the first place. Robotics – Generalizing automation, thanks to the convergence of AI software and hardware.

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Generative AI: Opportunity or the end of media as we know it?

VC Cafe

The creation of content, but especially the sharing of content became a zero cost game. But in the coming age of generative AI, endless synthetic content and misinformation – there might be an opportunity for traditional media companies to regain their reputation as a 4th branch within a democracy.

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Investing in Generative AI tools

VC Cafe

billion on 78 generative AI deals —almost as much as was invested in all of the previous 5 years combined, according to PitchBook data. According to a new industry report by Skyquest , AI will contribute $15.7 The global generative AI market was valued at USD 8.12 In 2022, VCs poured $1.37

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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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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.