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Artificial intelligence startups struggle with lack of data, IBM claims breakthrough in quantum computing, and concerns arise over Meta’s AI development.
Startups in generative AI are struggling to access data, which is critical to building competitive products. Despite $12.7bn in funding, newcomers face challenges in healthcare and finance. Partnerships with larger companies can be the solution, but cybersecurity concerns have made them hesitant to share data. Instead, startups may have to train models for individual clients using only their own data.
AI Startups Struggle with Insufficient Data despite Large Funding
Generative-AI startups face a major challenge in obtaining proprietary data for algorithm development. Large incumbents hold an advantage in this space.
Generative AI Startups Gain Momentum Against Giants Like Google
Discover how startups like Jasper and Copy.ai are simplifying the creation of ad content with generative AI, gaining momentum against tech giants like Google and Microsoft in MarTech.
London’s Crono secures €500k funding to improve sales team processes through data and AI
London-based sales tech startup Crono has secured €500,000 in pre-seed funding to invest in research, development, and technology for its AI platform. Investors include SFC Capital, Aticco Ventures, Startup Wise Guys, Magic Mind, and business angels. Crono's platform helps sales teams optimize their performance by analyzing customer data for actionable insights and customized messages. The funding will enable the company to expand across Europe and hire additional staff.
Top 8 Generative AI Startups in India
Discover India's top eight generative AI startups driving automation, personalized experiences, and improved productivity. McKinsey predicts that generative AI will contribute up to $4.4 trillion to the global economy annually by automating half of all work between 2030 and 2060.