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It’s the best time, it’s the worst time
feel like With OpenAI releasing ChatGPT to the masses, it’s a great time for founders thinking about starting an AI startup, because it really has the potential to make AI front and center in everything we do in business and perhaps technology. With all the energy and startups around the industry, who doesn’t want to start now?
But it may be the worst time for founders to think about starting an AI startup, especially one that can grow and defend against existing ones in a rapidly changing environment. And that’s a real problem for companies thinking about this: AI is evolving so quickly that your idea may be outdated before it gets off the ground.
How do you come up with a viable startup idea in such a challenging and rapidly evolving landscape? The bottom line is that the same principles that apply to successful startups already apply here. It can be a bit overwhelming at this point as everything moves so quickly.
A group of successful founders and entrepreneurs spoke at the Imagination in Action conference at MIT last week. Their advice can help founders understand what they need to do to succeed and take advantage of this technological leap.
what is he doing
CB Insights compiled data from 2021 and 2022 to understand where VC investment money is going when it comes to generative AI startups. Given the recent buzz in this area, it’s reasonable to assume that the investment volume will increase, and perhaps the allocation will be different, but this is what we have now.
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