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VCs continue to pour dollars into generative AI

TechCrunch

The appetite for generative AIAI that turns text prompts into images, essays, poems, videos and more — is insatiable. According to a PitchBook report released this month, VCs have steadily increased their positions in generative AI, from $408 million in 2018 to $4.8 billion in 2022. billion in 2022.

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Whoops! Is generative AI already becoming a bubble?

TechCrunch

While everyone piled onto crypto in 2021 — and many remain bullish about its future despite multiple failures this year — 2022 saw the rise of generative AI. One of our questions sought their prediction of where the next bubble would be, and almost half of those surveyed mentioned generative AI.

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AirTree backs generative AI content creation and management platform Narrato

TechCrunch

Generative AI is hot among venture capital firms now , with $4.5 billion invested in 2022. Narrato , a AI content creation and collaboration platform, announced today it has joined the ranks of other generative AI startups with VC funding. are content creation platforms that also use AI.

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Banks bet on AI to deliver digital efficiencies

CIO

The Global Banking Benchmark Study 2024 , which surveyed more than 1,000 executives from the banking sector worldwide, found that almost a third (32%) of banks’ budgets for customer experience transformation is now spent on AI, machine learning, and generative AI.

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Getting infrastructure right for generative AI

CIO

For generative AI, a stubborn fact is that it consumes very large quantities of compute cycles, data storage, network bandwidth, electrical power, and air conditioning. Infrastructure-intensive or not, generative AI is on the march. of the overall AI server market in 2022 to 36% in 2027.

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This startup wants to train art-generating AI strictly on licensed images

TechCrunch

Generative AI, particularly text-to-image AI, is attracting as many lawsuits as it is venture dollars. Two companies behind popular AI art tools, Midjourney and Stability AI, are entangled in a legal case that alleges they infringed on the rights of millions of artists by training their tools on web-scraped images.

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Layoffs, AI demand create mismatched talent market for IT skills

CIO

Ongoing layoffs in the tech industry and rising demand for AI skills are contributing to a growing mismatch in the IT talent market, which continues to show mixed signals as economic factors and the rise of AI impact budgets and the long-term outlook for IT skills.

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