Surge in Funding for Generative AI: Raising Concerns and Opportunities
Since the launch of ChatGPT in 2022, the appetite for generative artificial intelligence (Generative AI) investment has been described as “insatiable.” Within the first six months of 2023, funding for Generative AI-based tools and solutions leaped to more than five times what they were in 2022, with venture capital (VC) firms investing heavily in this new sector. The global Generative AI market is expected to reach US$200.73 billion by 2032.
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