Despite the optimism, there is uncertainty about how AI-related features and tools will be monetized. The author expresses concern about who will profit from this growth. A significant amount of investment is being poured into AI startups, with venture capitalists investing more than $40 billion in the first half of 2023, accounting for almost a quarter of all money invested during that period.
Key takeaways:
- AI is the latest technology that is expected to be the next growth vector in the tech industry, with large language models serving a host of new and existing applications.
- There is significant optimism in the industry around the use of new AI technologies, with money flowing into companies of all sizes that want to build AI models.
- Despite the optimism, it remains unclear how these new AI-related features and tools will be monetized.
- Of the $173.9 billion invested in the first half of 2023, venture capitalists poured more than $40 billion into AI startups, which is almost a quarter of all the money invested during that time.