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Vertical Snapshot: Generative AI

Link to original article: Vertical Snapshot: Generative AI 

Looking at the bigger picture on generative AI

It has taken the technology and venture capital industries by storm. Generative AI programs like Stable Diffusion, ChatGPT, and now Google’s Bard have captured everyone’s attention. Social media feeds are clogged with Stable Diffusion’s AI-generated profile portraits and screenshots from correspondences with OpenAI’s ChatGPT bot.

The vertical is deeply complex, with many players in the space producing foundation models, tooling, and applications. Our vertical snapshot dives deep into the emerging space of generative AI, providing all of the data, deals, players, and processes you need to understand the field.

Key takeaways:

  • Chatbots, virtual assistants, and voicebots captured 57.8% of VC investments in natural language interfaces in 2022.
  • Generative AI startups occupy one of 32 product categories based on their role developing models and using them for specific use cases.
  • The global generative AI market is expected to reach $42.6 billion in 2023.

Table of contents

Executive summary 3
Introduction 4
Technology and processes 5
Tech stack 7
Timeline 8
Industry drivers 12
Market size 14
Outlook 15
Considerations 17
Taxonomy 18
Market map 23
VC activity 25
Key players 29
Key partnerships 33
Key acquisitions/deals 34
Glossary 37
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