article thumbnail

The Fastest Growing Category of Venture Investment in 2024

Tom Tunguz

The fastest growing category of US venture investment in 2024 is AI. Venture capitalists have invested $18.3 But after the launch of ChatGPT in 2022, there’s a marked inflection point. Some of this is new company formation, & there has been a significant amount of seed investment in this category.

article thumbnail

How ChatGPT Will Restructure Engineering Teams & Create Opportunity for Startups

Tom Tunguz

ChatGPT has catalyzed an expectation in users’ minds that all products should converse with users & should be rather intelligent. Data science teams’ increased budget faces pressure from the office of the CFO to justify the investment. These teams operated downstream of the data warehouse.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

ChatGPT for SEO: 10 Effective Ways to Use It

Neil Patel

ChatGPT took the internet by storm at the end of 2022, and its creator, OpenAI, already expects it to generate more than $200 million in revenue by the end of 2023 and hit $1 billion in 2024. While ChatGPT is still young, there’s plenty it can do now to help you in your SEO efforts. What is ChatGPT And Why Are People Interested In It?

ChatGPT 104
article thumbnail

Microsoft in talks to invest $10 billion in OpenAI: Report

IT World

Microsoft is in talks to invest an additional $10 billion into ChatGPT owner OpenAI as it looks to integrate the GPT3-based chatbot into its search engine Bing, Semafor reported. To read this article in full, please click here

article thumbnail

ChatGPT or Bing: Which AI Tool is Best for Customer Success

Sixteen Ventures

Generative Artificial intelligence (AI) like ChatGPT – and now Bing Chat – is transforming the way we communicate and work, especially in Customer Success. It was trained on web data up to mid-2021, so the benefit of Bing Chat over ChatGPT is access to the latest information. ChatGPT which is GPT3.5).

ChatGPT 60
article thumbnail

Q&A: What happened when a customer support company upgraded some features to ChatGPT?

IT World

ChatGPT is a chatbot sensation that virtually every enterprise — large and small — is considering using to create greater business efficiencies. And all that can be done with limited investments. Five days after its November launch, it had 1 million users. Over the next two months, the AI chatbot had more than 200 million users.

ChatGPT 89
article thumbnail

Quick thoughts on ChatGPT and why it matters for SaaS startups

Point Nine Land

Yesterday I published a brief LinkedIn post with a few thoughts on ChatGPT and the implications for SaaS companies. As we enter month 3 CE (ChatGPT Era), I’d like to share a few observations and questions on the ChatGPT phenomenon and what it might mean for SaaS startups. enabled ChatGPT’s meteoric rise. What happened?

ChatGPT 65