AI For Business on Nostr: Key driver of the #AI hype cycle: VC funding. While #GenerativeAI is demonstrating ...
Key driver of the #AI hype cycle: VC funding.
While #GenerativeAI is demonstrating remarkable capabilities, it's also taken attention from other areas that rely on VC funding.
"AI startups account for 22% of first-time VC financing...“Right now, there are too many startups seeking too few dollars and AI costs are plummeting, making it trivial for first-time founders to integrate LLMs into their products,” he said. “Many non-AI companies can’t raise a dollar today.”"
https://pitchbook.com/news/articles/nearly-1-in-4-new-startups-is-an-ai-company
While #GenerativeAI is demonstrating remarkable capabilities, it's also taken attention from other areas that rely on VC funding.
"AI startups account for 22% of first-time VC financing...“Right now, there are too many startups seeking too few dollars and AI costs are plummeting, making it trivial for first-time founders to integrate LLMs into their products,” he said. “Many non-AI companies can’t raise a dollar today.”"
https://pitchbook.com/news/articles/nearly-1-in-4-new-startups-is-an-ai-company