Introduction — All Eyes on AI
So far, halfway through 2023, 18% of global funding has gone into the AI sector, according to Crunchbase. In fact, the total amount was clocked-in at $25 billion.
The most significant investment in the space was the $10 billion investment Microsoft made into OpenAI. Another notable startup in this regard is Inflection AI, which raised $1.3 billion earlier this year.
These are all very significant statistics in the funding ecosystem, for any sector around the world, and have pretty much changed the narrative for the year. This, therefore, indicates that Artificial Intelligence is all the rage in the VC industry at the moment — and people are actually putting their money where their mouth is.
In this report, we’re going to dig into the substance behind the hype to help you understand what AI really is and where we see the opportunity.
- Machine learning vs. artificial intelligence
- Generative AI does not only refer to large language models
- Creativity as a commodity — the future of entertainment
- The “must have” in investors’ portfolios
- The parallel opportunity in the chip and semiconductor industries
- Long-term open source as a landscape
- The world’s welcome mat for generative AI — who’s stepping up and who’s staying back