The generative AI 🤖 revolution is here 💥
Total value of generative AI startups hit $48bn, up 6x from 2020
Short 🧵 below on the Next Big Thing (1/23)
Cc:@Noahpinion @erikbryn @amcafee @balajis @Jason @DavidSacks @ylecun @Scobleizer @GerardAraud @gilliantett @bgurley @msuster
The generative AI revolution has been built on a foundation of academic and corporate research (2/23)
Large AI models like ChatGPT require an extraordinary amount of computing power to train on (3/23)
Given the extraordinary costs of training large language models and other generative AI systems, industry has surpassed academia as the developer and deployer of the largest AI systems (4/23)
Big Tech companies like @Google, @Microsoft, @Meta and @amazon are also among the leading publishers of academic research on AI (5/23)
The main semiconductor company benefiting from the AI boom is Nvidia.
✅ Nvidia makes 80% of all AI chips
✅ ChatGPT requires an estimated 10,000 Nvidia chips to run (6/23)
Cc: @djrosent @gilbert @crmiller1
OpenAI is the leader of the generative AI pack 🐺
By some measures it may also be the fastest growing startup of all time (7/23)
Generative AI systems like Copilot are already generating massive productivity gains for software engineers (8/23)
Generative AI has started to eat the law firm:
➡️ Allen & Overy introducing an AI chatbot to help its lawyers draft contracts
➡️ tool built using GPT tech created by OpenAI
➡️ start-up behind tool raised $5m led by the OpenAI Startup Fund (9/23)
Venture capital loves generative AI (10/23)
Investors are betting that AI will revolutionize drug discovery.
Funding for AI-led drug discovery has risen 3,800% in the past five years to $2bn (11/23)
AI was leveraged by biotechs and big pharma to develop and optimize vaccines and therapeutics during the COVID crisis (12/23)
More data on the generative AI mega boom 💥
✅ There are now at least 539 generative-AI startups
✅ Not counting OpenAI, they have so far collectively raised more than $11bn
✅ OpenAI has raised over $11bn (13/23)
The Economist published a graphic showing the types of generative AI companies that have received at least $22 billion in venture capital (14/23)
Corporate America can’t stop talking about AI 🤖 (15/23)
Corporate America is pouring tens of billions into AI (16/23)
In terms of the geography of AI innovation, it’s a two horse race between the US 🇺🇸 and China 🇨🇳
Europe 🇪🇺 barely features (17/23)
Academic publishing in AI is also dominated by China 🇨🇳 and the US 🇺🇸 (18/23)
Very interesting analysis by @chamath on investment dynamics of the generative AI boom (19/23)
For a deeper dive on the generative AI boom, see this fascinating discussion between Marc Andreessen (@pmarca), @sriramk, @stevesi and @aarthir (20/23)
Also check out OpenAI Founder Sam Altman (@sama) talking to @reidhoffman about:
🗣️ ChatGPT
🗣️ The future if generative AI and large language models
🗣️ Massive opportunities and existential risks related to AI (21/23)
To read more about the generative AI mega-boom, see this informative story in Nikkei Asia (22/23)
Originally tweeted by Science Is Strategic (@scienceisstrat1) on March 4, 2023.
