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Generative AI is not only about creative endeavors and parlor tricks. Investors and big tech companies alike are betting that it will affect business infrastructure and cybersecurity as well, and they are putting money where their mouths are. — Ana
Development tools plus generative AI
Y Combinator demo days are a strong indicator of trends investors might be interested in, and that’s one of the main reasons TechCrunch always watches them closely. In its Winter 2023 bundleThree areas stood out, the accelerator said: “open source, development tools and AI.”
The development tool startups in that batch drew particularly strong interest among investors, with four of them raising additional funding just weeks after Demo Day, Insider reported. AI-related startups, on the other hand, were very popular with founders, representing 34% of the winter cohort.
While these areas can be viewed separately, I’m more interested in how they might overlap, so I called Israel VC Rona Segev to see what he had to say, not only because Israel has positioned itself as a hotspot for development tools, but also because almost half of its portfolio involves AI in some form.
Segev, co-founder and managing partner of the VC firm TLV partnersbelieves that generative AI could lead to innovative ways for companies to explore and manage their infrastructure.
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