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I guess we all knew that artificial intelligence (AI) is hot, But it turns out there is an 🔥 AI HOT SPOT WITHIN AI. 🔥 PitchBook, the global gold standard for data on startups and venture capital, reports that from the fourth quarter of 2023 to the first quarter of 2024 venture capital investment in AI visual media startups shot up almost 90%. PitchBook venture capital reporter Jacob Robbins explains: “While big tech giants like Apple and Alphabet are making content generation a cornerstone of their respective AI initiatives, startups are raising record sums to bring AI-generated visuals to enterprise clients. Unlike large language models, which take a jack-of-all-trades approach, these software startups solve specific business needs—from helping retailers edit product shots to allowing sales teams to create personalized videos for prospects.” The startups leading the trend include the US company Tavus, France’s Photoroom and Germany’ Kitti. Be sure to click on the image below and read the entire article by Jacob Robbins. It includes a bar chart that clearly illustrates the magnitude of the surge of venture capital pouring into AI visual media. #VisualAI #AI #ArtificialIntelligence #PitchBook 🌍 🌎 🌏 REG CROWDER - Freelance Financial Writer - www.regcrowder.com https://lnkd.in/ek8mmhim

VC funding for AI visual media surges nearly 90%

VC funding for AI visual media surges nearly 90%

pitchbook.com

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