AI may still be the future, but how will #startups survive until that future arrives? Our news team explores that here 👇 https://lnkd.in/gBUSizcG
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Generative AI for enterprise, or "ChatGPT for your business", is the new hot property in VC investment, but how do Europe's players stack up? 🤖 Models-as-a-service companies are quickly becoming some of VCs' most sought-after startups — and this year they raised big from US investors. 🤑 We have mapped out the most noteworthy European startups to compare how their businesses are shaping up. 👀 Click below to see the top model-as-a-service startups to have on your radar. 🔗 #deeptech #artificialintelligence #generativeai #startupeurope
Europe’s AI 'models-as-a-service' companies, compared
sifted.eu
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AI START UPS SURE TALKED THE TALK BUT NOW CAN’T WALK THE WALK…. “A reckoning may be coming for once-hot artificial intelligence startups. Among the most vulnerable: consumer apps (think Character.Al) and “thin wrapper" startups like CopyAl that merely provide a nice user interface on top of a third-party model from model developers like OpenAI. We got a sense of the slowdown last week, when Natasha andI reported that Jasper, an early generative AI winner whose $125 million Series A round last October kicked off the AI funding frenzy, has cut its internal valuation by 20% and its 2023 annual recurring revenue projections by at least 30%. Our scoop came just two months after the Al copywriting startup slashed its headcount and pivoted from selling to consumers and businesses to just businesses….” #AI #startups
AI Startups Are Facing a Reckoning
theinformation.com
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Head of VRT Sandbox, accelerating with scale-ups in Media 🔸 Coördinator VC-fund Media Invest Flanders
The Recipe for AI Startup Success 🍷 In the last 24 months since OpenAI broke the water of the AI space, we've gone through a handful of phases as an investor and startup community. 1️⃣ The first was ‘build cool models’ and a bunch of people threw money at that. 2️⃣ The second one was ‘build cool tools to help you build cool models’. 3️⃣ Now, it's ‘build differentiated applications using unique data with those cool tools on top of those new models.’ Good piece about THE RECIPE FOR AI STARTUP SUCCESS 👉 https://lnkd.in/gpg-pY4b #AIModelInnovation #AIToolingEvolution #AIDataApplications
The VC perspective on successful AI startups
sectionschool.com
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Get CRV general partner Murat Bicer's take on AI ambition, startups, big tech and the impact on the VC landscape all rolled into this fantastic piece by PitchBook's Jacob Robbins. #AI #artificialintelligence #VC #investing #venturecapital
If AI’s a rising tide, why isn’t it lifting more boats?
pitchbook.com
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VC Marketing and Communications Strategist - Chief Discoverer - Passionate Storyteller - LinkedIn PR (Pre/Post IPO) - Love Shoes and Travel
Going vertical might be one of the many ways startups can compete against big tech. Check out my co-worker Murat Bicer's take in this article by PitchBook's AI and VC beat reporter, Jacob Robbins. #enterprisetech #startup #entrepreneur #funding #tech
Get CRV general partner Murat Bicer's take on AI ambition, startups, big tech and the impact on the VC landscape all rolled into this fantastic piece by PitchBook's Jacob Robbins. #AI #artificialintelligence #VC #investing #venturecapital
If AI’s a rising tide, why isn’t it lifting more boats?
pitchbook.com
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Raising Capital is never easy… Does incorporating AI into a venture make for an easier capital raise? With the scalding hot venture market surrounding AI, we’re seeing several pitch decks that while not heavy artificial intelligence (AI) focused are leveraging the buzz surrounding it to their perceived benefit. But does including AI in your deck mean an easier path towards a capital raise? We don’t think so… Funders typically “sniff” out these buzzword-includers fast! If you need help with your startup/capital raise, contact us to explore opportunities. #capitalraising #raisingcapital #venturecapital #venturefunding #bloodsweatspears https://lnkd.in/gAzDdMJs
The Biggest Of The Big: AI Startups Raised Huge — These Were The Largest Deals Of 2023
news.crunchbase.com
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Advice for investors: what to bear in mind when looking at AI startups
Advice for investors: what to bear in mind when looking at AI startups
wamda.com
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The article discusses key considerations for startup founders working with AI in 2024. It emphasizes the need for AI startups to go beyond the simple integration of existing technologies, advising them to build more defensible and secure solutions. The piece also highlights the potential risks associated with relying on OpenAI's technology, drawing parallels to the platform risks faced by startups in the OpenAI era. Additionally, the article explores the option of bootstrapping for AI startups that may not require external capital. It concludes by suggesting that the recent challenges faced by OpenAI could lead to the emergence of a new generation of AI startups, potentially forming a cohesive group of founders with shared experiences. #ai #artificialintelligence #technology #openai #startup #techinnovation #futurebuilders #startuptips #techstrategy
What startup founders need to know about AI heading into 2024 | TechCrunch
https://techcrunch.com
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Forbes recently released their AI 50 list, and they found that the most promising AI startups are getting younger and leaner, with 28 of the companies on the list being new entrants with small headcounts. 🚶 As Kenrick Cai notes, last year, Sam Altman predicted the AI revolution will someday birth a company with a $1 billion valuation and a single employee. We’re not quite there yet, but if the future of startups is a broader industry trend of founder teams getting smaller, it’s all the more important for founders to be strategic and find the right partners to work with – one who’s been in their shoes before - as they look to scale and become that one-person unicorn. There’s no question VCs are focused on investing in AI right now, but for #DeepTech innovators, one of the keys is to stand out from the crowd by figuring out a unique product-market-fit. 💪 If Altman is right, the definition of a founder team may change, but the recipe that makes for a successful startup will stay the same – raising funds, growing revenue, increasing valuation and the customer base. 🧑💻 Founders and VCs – leave your thoughts in the comments – are you seeing teams getting smaller, and what has the impact been on your company? https://lnkd.in/dbJD9w3n #Founders #Startups #AI #GenAI
AI’s Most Promising Startups Are Getting Younger And Leaner
social-www.forbes.com
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Sometimes it can take a bit before the market catches up with what people have been saying for years. In 2018, VentureBeat wrote an article saying the costs of acquiring data for AI startups would be the limiting factor for new entrants. While some parts may be dated (this is pre-ChatGPT), the article's insights on the challenges facing new entrants into the AI space are still spot on. Check it out here: https://lnkd.in/g3Q67ReM. Currently -- AI startups that are still around (that raised funds a couple of years ago) probably have already reached the scale necessary to make the unit economics work. However, for those just starting, competing in this space will become more difficult over time as the infrastructure needed will get more costly.
Could data costs kill your AI startup?
https://venturebeat.com
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