From TechCrunch
By Kyle Wiggers
December 4, 2023
Companies are betting big on generative AI to gain a competitive edge. But adoption challenges remain. According to a recent survey from EY, a significant portion of businesses looking to embrace generative AI say that the field’s rapid progress — and the surge in vendors claiming to have AI expertise — is complicating their deployment […]
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AWS launches $100M program to fund generative AI initiatives
Amazon, keen to avoid being left behind in the hyper-competitive AI race, is launching a new program to bolster startup companies and organizations focused on generative AI. Called the AWS Generative AI Innovation Center, the program will put $100 million toward connecting AWS-affiliated data scientists, strategists, engineers and solutions architects with customers and partners to […]
Jun 22, 2023
Generative AI funding reached new heights in 2024
If there was any doubt, the generative AI bubble did not burst in 2024. Investments in generative AI, which encompasses a range of AI-powered apps, tools, and services to generate text, images, videos, speech, music, and more, reached new heights last year. According to data from financial tracker PitchBook compiled for TechCrunch, generative AI companies worldwide raised $56 billion from VCs in 2024 across 885 deals. That raw cash total is a new record for the segment. It’s up 192% from 2023
Jan 3, 2025
Backed by Google’s Gradient, Versed wants to help storytellers create video games using generative AI
Generative AI has undoubtedly been the big buzzword of the past year, driven in large part by Microsoft-backed OpenAI and ChatGPT. But while the ability to create all manner of fresh content from a simple prompt raises various societal and ethical questions, it also opens the door to myriad businesses that simply would not have […]
Jun 14, 2023
CalypsoAI raises $23M to add guardrails to generative AI models
Companies are increasingly embracing generative AI. But they’re not necessarily considering all the blockers and challenges that come along with folding the tech into their existing workflows. In one recent survey by KPMG, 90% of businesses said that they had “moderate to highly significant” concerns about the risks of using generative AI and doubts about […]
Jun 27, 2023