AI startups raised $60 billion final 12 months and buyers have continued to pile in on the tech in 2023.
The frenzy round AI comes after the launch of OpenAI’s ChatGPT chatbot.
Beneath are 37 pitch decks utilized by startups deploying AI in all the things from well being to property.
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There’s an AI gold rush proper now.
Funding into startups utilizing or creating synthetic intelligence hit an all-time excessive in 2021, with $113.3 billion poured into the sector, per Dealroom knowledge. This fell to $60 billion in 2022 however that determine is more likely to be exceeded this 12 months with $57 billion already invested by enterprise capitalists.
The investor rush is down, partially, to the discharge of ChatGPT in late 2022 by US startup OpenAI, cofounded by Sam Altman and Elon Musk. The chatbot turned the fastest-growing app in web historical past, and virtually instantly disrupted training, copywriting, consultancy, and different sectors.
It is attainable that it is simply one other bubble, akin to the short-lived Web3 fad of 2022. However proponents say AI has broader use instances and few similarities to crypto’s “cynical enterprise fashions”. AI was additionally alive and effectively lengthy earlier than the present hype round generative AI.
Latest, high-profile rounds embrace Andreessen Horowitz and ex-GitHub CEO Nat Friedman main an anticipated $18 million spherical into voice intelligence startup ElevenLabs, at a attainable valuation of $100 million. Enterprise capitalists are additionally eyeing startups within the vector-database sector, the place valuations are hitting as much as $700 million.Â
These are a number of the pitch decks that founders have just lately used to lift hundreds of thousands for his or her AI startups, from high buyers resembling Temasek, Perception Companions, Alven, Index Ventures, and extra.
V7 cofounders Alberto Rizzoli (CEO) and Simon Edwardsson (CTO).