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Weekly #FIRGUN Newsletter – November 22 2024
- The term “Firgun” is an informal, modern Hebrew term that describes genuine, unselfish delight or pride in the accomplishment of the other person.
- It’s all about genuinely feeling and expressing happiness, pride or admiration for someone else’s accomplishments, good fortune, or well-being.
- Microsoft turned 50 this week, NVIDIA has doubled its revenue over the past year, and Google will likely have to divest of Chrome following the DOJ decision to curb monopoly.
- xAI raised another $6 billion to compete with ChatGPT, while Deepseek AI launched a new model that can ‘reason’ which is on par with OpenAI o1-preview.
- Israeli startups such as Cyera and TailorMed secured multi-million dollar investments, while the fastest growing Israeli startup in history, Wiz, raised an undisclosed funding round.
- Safe is King with almost 90% of seed rounds in Q3 2024 done using SAFEs, while Corporate Venture Capital companies are obsessed with AI.
- Asia continues to be the largest market for CVC investment, accounting for 39% of all deals.
- There has been a remarkable increase in the number of active AI companies, rising from 783 companies in 2014 to 2170 in 2023.
- Media of the week show that AI startups have demonstrated greater resilience compared to non-AI counterparts.
- The number of active non-AI companies peaked in 2018 and then started to decline, whereas active AI companies continued to grow even beyond 2022.
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