AI Investments sky rocket to over $17B

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📰 The latest AI News stories (as a 2 min read) 

AI Startups Soar: Unleashing the $17.9 Billion Funding Phenomenon

AI startups have dominated funding in Silicon Valley, raising $17.9 billion in the third quarter of 2023, marking a 27% increase from the previous year. This surge comes amid a 31% drop in overall startup deals globally. Generative AI technology, like OpenAI's ChatGPT, has played a significant role in this growth. Despite the AI boom, other tech sectors have faced declines, but companies providing services to the AI ecosystem, such as Kong Inc., are thriving.

OpenAI's Meteoric Rise: From $28 Million to $1.3 Billion in Revenue

OpenAI, the company behind ChatGPT, has seen an astounding boost in revenue, reaching an annualized rate of $1.3 billion, which equates to over $100 million per month. This explosive growth is attributed to the success of ChatGPT and its commercial version, ChatGPT Enterprise. In comparison, this surge has outpaced competitors like Anthropic, establishing OpenAI as a leader in the generative AI market.

Ghostwriter in a Ski Mask: The Unconventional Solution to AI in Hollywood

An anonymous figure in a ski mask and goggles is suggesting a way forward to address concerns about the use of AI in Hollywood. As AI-generated content raises worries and celebrities speak out against it, this mysterious individual, known as Ghostwriter, is proposing an ecosystem for licensing AI-generated voices and content, emphasizing collaboration rather than resistance.

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Enjoy your Day! ... Phil