Generative AI Startups Are Burning White Hot
Plus: Two Coatue-backed AI startups feud over intellectual property.
Goodbye Web3. Hello, generative AI.
I touched on the frenzy in artificial intelligence last week with my scoop on artificial intelligence company Fireworks raising a Series A from Benchmark and Sequoia.
But things have only gotten zanier and more dramatic since then, so I’m returning to the topic.
This week, Sequoia Capital published a market map of some of the hottest startups in the generative AI space and Coatue dropped a white paper. The Information wrote about investors’ “FOMO” over artificial intelligence startups.
Investor Elad Gil published an essay Thursday arguing, “There is reason to believe while incumbents should capture a good amount of the value in this wave, startups will take a bigger share of AI generated value this time around.”
That new attention has woken up any investor who was still in their summer slumber.