A naukri.com initiative
Medium
5d
4
Image Credit: Medium
The AI Generation
- Artificial Intelligence (AI), particularly generative AI (Gen AI), has emerged as the defining innovation of our era, and will be remembered as the AI Generation.
- ChatGPT, a generative AI application, was released on November 22 and took only 5 days to reach 1 million users and 100M active users by Jan 2023.
- Following the growth of ChatGPT, the promise of other generative AI applications has ignited a flood of investment into the AI industry.
- In 2023, AI startups have amassed approximately $54B in funding, making it the largest funded sector, surpassing healthcare and biotech.
- Southeast Asia (SEA) has faced a difficult funding year, with AI funding falling by 45% in 2024 Q1 PoP, recovering slightly by 16% PoP in Q2, before a 51% PoP decrease in 2024 Q3.
- The AI landscape in SEA offers exciting yet limited opportunities, where investors are often reluctant to back companies with high capex/opex that could potentially be overtaken by global companies.
- The AI value chain can be classified into 5 verticals, namely Applications, Machine Learning Operations Tools, Model Hubs, Foundational Models, and Hardware Infrastructure.
- SEA has seen significant growth in the development of SLMs (Scaled-down Language Models), which are models trained on smaller amounts of data and more specific datasets, thus making the creation of models more accessible.
- SEA startups are increasingly integrating LLMs (large language models) into various applications, enhancing existing technologies in sectors such as CRM, HR, and financial services.
- SEA startups face challenges such as talent shortage, time-to-market pressure, and limited Total Addressable Market.
Read Full Article
Like
For uninterrupted reading, download the app