Venture capitalists are pouring hundreds of millions of dollars into generative AI startups.
helped ChatGPT leap out of the starting gates. That also has emboldened competitors, who wager that partnering with a legacy tech giant will prove cumbersome."OpenAI is the next transformational tech company" tcompanies are tinkering with — and productizing on top of — the sorts of large language models that underpin ChatGPT.
That means the core tech is likely to emanate from huge firms, running on the cloud computers of giants like Google and Microsoft. But plenty of startups will harness these technologies, and apply them to specific industries or consumer businesses.Because of the huge resources and data troves that AI innovation requires, this cycle of tech competition could be moreStartup investors are betting they can overcome those forces.
But newcomers will be building on Microsoft and Google models and clouds, then hoping they might be acquired by the giants — unless antitrust regulators try to block the deals.Venture capitalists are fickle, as evidenced by brief funding booms in nanotech and the metaverse.
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