Multiplatform.AI’s Post

VCs are optimistic that AI investing will move beyond the hype in 2024 On the cusp of 2024, we’re all interested, what’s with AI hype in 2024? TechCrunch+ recently asked more than 40 investors what they think AI investing could look like in 2024. Jumping ahead, predictions look positive for AI but with a significant shift in focus.  🌊 As we embark on the second wave of AI startups, we can expect a transition towards more specialized, sector-focused solutions. Steering away from the reliance on companies like OpenAI and Google, these startups will focus on creating AI technologies tailored to individual industry workflows. Investors are now drawn to startups that utilize AI to improve productivity by leveraging industry-specific training data. An AI startup operating in a niche market is less likely to face competition from tech giants, lowering risks and potentially providing substantial returns. As 2024 unfolds, it's clear that a new era is dawning for AI startups, with a renewed focus on sustainable and industry-specific solutions. This transformation will undoubtedly reshape the way businesses utilize AI to enhance their processes. https://lnkd.in/exWRSW73 

Roadmap For Exits: How AI Startups Can Break Through 

Startups need to carve out unique niches and build strong moats to thrive. It's all about innovation, leveraging proprietary data, and offering comprehensive solutions now. #ai #innovation #startups https://lnkd.in/g7ckDmHn

🤖 The tech landscape is more competitive than ever, with reduced funding and increased pressure on startups. However, generative AI offers startups a valuable edge to stand out. Here's how leveraging this powerful tool can drive success: • 𝐄𝐧𝐡𝐚𝐧𝐜𝐞𝐝 𝐂𝐮𝐬𝐭𝐨𝐦𝐞𝐫 𝐄𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞: Semantic search enables customers to find exactly what they need, even with vague queries. • 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐥 𝐓𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧: AI streamlines operations and boosts efficiency across various industries. • 𝐓𝐚𝐥𝐞𝐧𝐭 𝐄𝐦𝐩𝐨𝐰𝐞𝐫𝐦𝐞𝐧𝐭: AI supports teams, handling routine tasks so employees can focus on strategic goals. • 𝐅𝐚𝐬𝐭𝐞𝐫 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭:AI accelerates product cycles, from ideation to testing. #GenerativeAI #AI #Startups #Innovation #TechTrends

Global startup funding is picking up with AI

AI startups raised more than £1.5bn in investment during the first half of this year. Clearly, investors believe in the future of artificial intelligence. The passing of the EU’s AI Act doesn’t seem to have dampened their spirits either – despite some sectors being concerned that it’ll stifle innovation. However, as the field of AI becomes more competitive, and more regulated, startups will need to be clever about how they market themselves. Do your audiences understand why they need your AI tools? Or how they work? Or that by using them, they may need to comply with the AI Act? If you need to distil your complex tech into customer-friendly marketing, keep your eyes on our LinkedIn. We regularly share tips that you might find helpful! https://lnkd.in/eRPcMDQV 

AI, AI, everything? Or, should it be a means to an end? The answer might be, "it depends." "But Scott Loong, partner at Panache Ventures, said this pivot is often unnecessary and unsuccessful. He spends much of his time figuring out if companies are AI-native or AI-enabled, and said it’s a distinction more founders need to consider. Building and running large language models are incredibly expensive endeavours, requiring specialized chips, large amounts of computing power, and highly skilled engineers. While creating a tailor-made AI solution from scratch might seem to offer a competitive advantage, Loong believes that for most startups, it’s simply not necessary. For most seed to Series A startups, off-the-shelf AI tools are sufficient to achieve their goals, and Loong said purchasing or licensing these solutions can be more practical and cost-effective than building them from the ground up." https://lnkd.in/dP4iHNMQ via BetaKit

AI startups encounter distinct challenges that require maniacal focus and innovative strategies.

"Early-stage AI startups need to dig their moats of competitive advantage". Totally on board with Adi Gozes point here. 👍 And can't be more excited to address this very issue. We're crafting techtrust.ai with a clear vision: to create a platform that showcases early stage AI startups' unique tech strengths. This will streamline how VCs spot standout AI innovations with real alpha potential. 🚀 #artificialintelligence #ai #venturecapital #vc #technology #innovation #startups

🚀AI can accelerate your #StartupDevelopment📈, but it’s not a “magic pill”💊. You still need actual humans👥! Here’s a starter article📄 on how to leverage AI in your startup and a warning⚠️ for caution (if founders will listen👂). Steve Kazan has been doing a lot of interesting work💼 also on how to apply AI to marketing📊 and other tasks in the startup world🌍. Read more here: https://lnkd.in/gX6s-m8H #AI #Innovation #BusinessStrategy #Startups #Founders #Scaleup