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🚀 The PitchBook Q2 2024 #AI & #MachineLearning Report is Live and will run in the newsletter on Monday! 🚀 Our latest report highlights key trends and insights in AI & ML. Here’s a quick rundown of the findings: 📈 #GenAI VC investment is on track to surpass 2023, hitting $23.9B in H1 2024 💰 VC exits rebounded in Q2, with Tempus AI’s $5.7B public listing and #semiconductor acquisitions 👨💻 Code assistants: GenAI is transforming both new code generation and refactoring 🏦 #BankingAI leads GenAI software spending 🌐 #SovereignAI startups offer governments alternatives to Big Tech on antitrust & data privacy Key data includes: > 25,914 segmented companies > Market maps of 3,009 GenAI companies > Top VCs: Tiger Management, a16z, Sequoia & more > Strategic insights on Anthropic & Databricks Stay tuned for the full report in the newsletter on Monday!

Steve Glickman and I co-founded Statt to create public policy and regulatory AI that changes the game. We’ve been pretty quiet about what we’ve been up to but today we’re excited to share some news on Statt’s seed round and our plan to scale public policy and regulatory AI agents. Nathan Kozyra, Christopher Alexander, and the rest of our team have been quietly plugging away at building a game-changing big data and AI platform that can generate proprietary public policy, regulatory, and geopolitical insights, based on a first-of-its-kind unified real-time stream of policy, regulatory, and civil society data and intelligence. Check out SEMAFOR's coverage on Statt’s seed round and how we’re building and scaling public policy and regulatory AI agents to deliver proprietary mission-critical public policy, regulatory, and geopolitical insights and data. Thanks to Moneta Ventures, Clutch VC, Next Coast Ventures, and NextGen Venture Partners for supporting our mission! https://lnkd.in/eT3DAsmV

“The reason that AI's so interesting is because what you effectively have now is software models that don't just execute a task, but they can learn from that execution process and change how they execute.” — Rob May (@pjcventure) 🎧 to #ExperiencingData:

This illustration is spot-on The AI hype cycle is reaching a fever pitch, with inflated valuations and unrealistic expectations. Many AI startups lack viable business models, instead of chasing buzzwords and quick exits. Key issues include: 🔴 Overpromising capabilities 🔴 Neglecting data quality and ethics 🔴 Ignoring real-world implementation challenges 🔴 Failing to address specific industry needs What's often missing? Sustainable revenue streams and meaningful differentiation from big tech offerings. A simple solution: Focus on solving real problems for paying customers rather than chasing the latest AI trends.

Big news in the AI space: Rogo, the AI startup revolutionizing finance, just raised $18.5 million in its Series A round! Led by co-founder John Willett, Tumas R. Gabriel Stengel Rogo is on a mission to solve one of the biggest challenges in finance: simplifying complex decision-making in real-time. Here’s why this matters for you: 1. Smarter financial tools are coming. Rogo’s AI solutions will streamline decision-making in complex markets.    2. AI + Finance is the future. This funding will fuel innovation, making advanced financial insights more accessible. 3. The billion-dollar opportunity? Automating real-time decisions in volatile markets—something no one has mastered yet. If Rogo can crack this, they’re set to dominate the industry. What’s the most complex financial decision your business struggles with? Pascal Ntsama IV, Matthew Silberman, Tram Vinh, Patrick O'Meara, Patrick O'Meara, Michael Panik, Tiffany Nguyen, CPA, Dylan Fader, Andrew Feldman, Timothy Sheehan, Julian Salom  𝐃𝐨𝐦𝐢𝐧𝐚𝐭𝐞 𝐲𝐨𝐮𝐫 𝐣𝐨𝐮𝐫𝐧𝐞𝐲 𝐟𝐫𝐨𝐦 𝐒𝐞𝐞𝐝 𝐭𝐨 𝐒𝐞𝐫𝐢𝐞𝐬 𝐀 𝐟𝐮𝐧𝐝𝐢𝐧𝐠 : 👉 https://lnkd.in/e8XyWxcQ #AI #FinanceTech #StartupNews

This is GOLD for anyone who has been inundated with the phrase #AI in the past few years and is looking for guideposts to cut through the noise…. 🚦🚦🚦 "Artificial Intelligence (AI) isn’t just a buzzword anymore. It’s an epoch-defining technology shaping how we live, work, and interact. For most venture capital investors (VCs), the question isn’t whether to invest in AI but how to do it to maximize returns." Thanks Alumni Ventures for the thought leadership here! #onward #artificialintelligence #fridayvibes #aiandfinance https://lnkd.in/exBhjWhJ

Global 2024. Looking forward to more AI, lots of investor + AI start-up meetings, and fantastic line-up of AI speakers. #AIDecade #StartupGrind #Global2024

Adding shiny new tech to your startup without a plan is a recipe for disaster... As you evaluate AI integration, ask yourself 🤔: -Buy or build? What are the tradeoffs? -How can we innovate responsibly and ethically? -What are the real advantages and risks of implementing? We invited Keeper Co-Founder David Kang to share his #AIIntegration framework based on their success in powering features like automated receipt processing and personalized assistance. 💵 His 4-step approach enabled Keeper to experiment with AI iteratively and leverage it to provide personalized experiences: 1️⃣ Leverage Existing Models as a Low-Risk Starting Point 2️⃣ Test AI Use Cases with Target Users 3️⃣ Evolve Alongside Emerging Capabilities 4️⃣ Use Size and Speed as an Advantage This framework is a practical, pressure-tested approach for implementing AI that has proven to deliver real value to customers. For a deeper dive, read the blog post: https://lnkd.in/gyziv36E A special thanks to David for sharing his expertise and to my partner Steve Vassallo, who led Foundation Capital's investment in Keeper. #aiadoption #fintechai #aifinance #aiaccounting #earlystagestartups

The financial challenges facing leading A.I. start-ups mark a pivotal moment in the industry, exemplified by companies like Inflection AI folding despite significant fundraising efforts. This situation challenges the perception of perpetual growth in the A.I. sector and necessitates a reconsideration of investment approaches and business models. It could precipitate consolidation within the A.I. landscape, as larger entities absorb struggling start-ups, thereby reshaping the dynamics of innovation and competition in the foreseeable future. #AI #ArtificialIntelligence #AIFinance

Perplexity Valuation Skyrockets 🚀 Perplexity, a fledgling AI search engine innovator, is riding a meteoric rise in the tech sphere, with its valuation soaring from $121 million to potentially over $3 billion in mere months. This surge in value is fueled by aggressive fundraising efforts, with the startup now eyeing an additional $250 million to bolster its groundbreaking, chatbot-style search platform. Distinguished by its use of multiple LLMs, Perplexity is not just enhancing search capabilities but also crafting a specialized enterprise product that integrates leading-edge AI technologies. Amidst a whirlwind of investor interest, the company aims to capitalize on what one backer calls a "zeitgeist moment," signaling not just growth but a strategic pivot in AI-driven search solutions. 📩 Weekly AI Newsletter: https://t.co/6HyjyF5Pwz #perplexity #ai #ainews