article thumbnail

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

VC Cafe

And not a particular sector, but AI startups, in particular generative AI attracted close to $50 billion in funding last year, globally. Most of that funding went to foundational models like OpenAI, Anthropic and Inflection AI which collectively raised $18 billion in 2023. Generative AI is game changer.

article thumbnail

Artificial Intelligence and Machine Learning– Explained

Steve Blank

Power Recommendation Engines. An AI can provide recommendations based on user behaviors used in ecommerce to provide accurate suggestions of products to users for future purchases based on their shopping history. Generative Design of Physical Products. AI/ML in Collection. AI Attack Surfaces.