<ul><li>GenAI has had a transformative impact on the tech industry in the past year.</li><li>VCs are investing in GenAI startups, while big tech companies are racing to build their compute infrastructure.</li><li>Concrete evidence shows that GenAI is creating significant value and is here to stay.</li><li>Foundational model providers are focusing on capturing long-term value, while LLM providers pose a threat to application layer players.</li></ul>

A VC’s perspective on the last 12 months in Gen AI.

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