Why is AI momentum accelerating despite concerns about costs, risk, and ROI? Because, when we go through a market trend like this, the risk of underinvesting is dramatically greater than the risk of overinvesting. According to David Cahn from Sequoia Capital, the technology industry needs $600 billion in annual AI revenue to justify the massive investments in data centers and chips. However, it's unlikely that this target will be met by 2025, especially for AI startups. While BigTech giants can afford the risks, smaller companies like Anthropic, Cohere, and OpenAI may struggle. Plum Data Labs offers a solution by helping institutions deploy their data and models to start monetizing. #AI #Technology #Innovation #venturecapital
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An incredible feature of the AI boom is that even high-leverage personnel in the value chain (like investors) are being supported, or impacted, depending on your perspective. 💻 We've seen so far that LLMs can write coherent and accurate code to build programs and even algorithms, potentially displacing the role of the AI engineer itself. 💵 Now there are more and more applications to use AI to allocate capital, potentially displacing the investors who capitalized the AI innovations in the first place. 📖 #venturecapital is still very much a "handshake" business, despite its charter to fuel technological innovation. The business still operates through presentation decks, paper agreements, and interpersonal relationships. AI now brings a potential disruption to the industry which it had not seen in previous technology cycles.
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𝐒𝐭𝐚𝐲𝐢𝐧𝐠 𝐚𝐡𝐞𝐚𝐝 𝐨𝐟 𝐀𝐈 🚀 With the extremely fast pace of AI development, staying at the cutting edge is more challenging — and crucial — than ever. Each day brings groundbreaking tools and technologies 🛠️, swiftly surpassing yesterday's state-of-the-art (SOTA) solutions. Navigating this rapid advancement is both challenging and resource-intensive. This holds true not only for startups and mid-sized companies with limited resources but also for large corporations. However, you don't have to tackle this alone. As your strategic partner, m2hycon is dedicated to ensuring you stay informed and ahead of the curve. 𝐏𝐚𝐫𝐭𝐧𝐞𝐫 𝐰𝐢𝐭𝐡 𝐮𝐬, and let's discuss how our expert insights can assist you in navigating the ever-changing landscape of artificial intelligence. Contact us to learn more. #AI #Innovation #Consulting #Technology #BusinessGrowth #StayAhead
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The Enterprise Tech List for 2024 is out. Of the 40 companies on this year's list, 17 are new to the ET30. No surprise the list shows once again a dominance of AI, i.e. companies building AI's infrastructure, tooling and core model technologies. #innovation #AI
Exclusive: AI startups dominate Enterprise Tech list
axios.com
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Artificial intelligence stands out as a thrilling advancement for all stakeholders this year and beyond. Although tech giants lead, smaller firms could make waves. Gartner predicts 80% of enterprises will utilize GenAI by 2026, up from <5% in 2023. Furthermore, global IT spending is projected to hit $5.14 trillion, growing at nearly 4% annually. While Tracxn reports 67,199 AI and machine learning startups as of January 10, 2024, we bring you our 7 top AI startups of 2024. 💯 #Future trends of AI #Innovation of small companies in AI #Growth of global IT spending #The rise of AI startups #Application scenarios of generative AI #Ethical and safety issues of AI
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Gen AI is set to evolve greatly in the next four years. Due to significant investments from major technology companies and research labs, the foundational technologies driving Gen AI have progressed rapidly. Gen AI appears to be unaffected by the overall decline in venture capital investment, with well-funded startups continuing to emerge and grow. Gartner looks at all parts of the Gen AI tech - infrastructure, models, tools, and apps, to predict what's coming next. From domain-specific models to mitigating the environmental cost of AI, the predictions keep informed of and ahead of rapidly unfolding Gen AI technology developments. Explore Gartner’s predictions for how generative AI will evolve in the coming years and how to prepare now: https://lnkd.in/emZADZQA #GenAI #GartnerPredictions
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When we set out to build Ostrich AI, the goal was simple—make AI accessible, impactful, and within reach for businesses of all sizes. What we didn’t anticipate was the sheer momentum and recognition this mission would gather. This month, Ostrich AI ranked among the Top 15 AI Infrastructure companies on F6S, out of a staggering 1.9 million startups worldwide. It’s humbling to see our vision resonate with the global AI community, earning us the #12 spot in this competitive space. But that’s not all! We're also incredibly excited to announce that Muhammed Ali 'Mali' Jamadar, has joined us as our Chief Operating Officer. With 15+ years of experience driving innovation at WarnerMedia, Boehringer Ingelheim, and Omnicom Media Group. Mali brings marketing, Go-To-Market and partnership expertise to drive the shape of the organization. For those who may not know, F6S is where innovation meets opportunity—a platform connecting startups to resources, investors, and communities that drive change. To see Ostrich AI featured here reaffirms our belief in democratizing AI and making it work for everyone. This recognition isn’t just a milestone; it’s a reminder of what’s possible when a passionate team comes together to solve meaningful problems. Thank you to our team, partners, and supporters who’ve made this journey so rewarding. And with Mali now on board, we’re more confident than ever in pushing the boundaries of what’s possible in AI! Vikram Pandya, Gaurav Trivedi, Prasanna Lohar, Kamlesh Nagware ,Neeraj Parekh, Mayur J. Pabari - smartSense Consulting Solutions, Nikkhil Srinivaas, Accredian . Take a look at the rankings here: https://lnkd.in/dWVNfrec #AIInfrastructure #Innovation #DemocratizingAI #OstrichAI #StartupJourney
100 top AI Infrastructure Companies and Startups in November 2024
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A new report from UKTN examines the evolving AI landscape in the West Midlands. The report highlights key startups, investment trends, and government initiatives shaping this regional tech ecosystem. Sponsored by Lloyds, KPMG, and Nuom, the analysis provides an in-depth look at the strengths, challenges, and growth potential of AI in the area. https://lnkd.in/ey5Xg-T9 #MidlandsTech #AI #UKInnovation #WestMidlands
New UKTN report reveals the West Midlands' progress and potential in AI sector - Regional technology news - Midlands, North - TechSparx
https://www.techsparx.co.uk
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If 2024 is the year companies started adopting AI, then 2025 could be the year they start tailoring it to fit their needs. Some say AI will become so integrated into our lives we won't even notice it's there. "Like the internet or electricity, AI will become an invisible driver of outcomes, not a selling point," Tom Biegala, cofounder of Bison Ventures, a venture firm focused on frontier technology, told Business Insider by email. And as companies incorporate the technology into their businesses, they'll likely need to focus more on managing it responsibly. "In 2025 we expect more enterprise companies will recognize that investing in AI governance is just as important as adopting AI itself," Navrina Singh, founder of Credo AI, an AI governance platform, said. Business Insider spoke with 13 key figures in tech — from startup founders to investors — for their best guesses on what to expect from AI in 2025. See what they had to say: https://lnkd.in/esUCCaSD (Credit: Getty Images) #ai #artificialintelligence #predictions
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The Enterprise Tech List for 2024 is out. Of the 40 companies on this year's list, 17 are new to the ET30. The list shows once again a dominance of AI, i.e. companies building AI's infrastructure, tooling and core model technologies. hashtag #innovation #AI
Exclusive: AI startups dominate Enterprise Tech list
axios.com
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The seventh annual State of AI Report captures AI's rapid worldwide advancement in 2024. Governments, startups, and established companies sought to balance innovation and caution by focusing on concrete gains and real-world safety concerns, and open models closed the gap with proprietary technology. Read the report's predictions for the next year in #TheBatch: https://hubs.la/Q02VbY320
State of AI Report Highlights 2024’s Major Trends and Breakthroughs
deeplearning.ai
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