The State of Gen AI insiders Report FINAL 0724 - Flipbook - Page 21
CURRENT STATE OF GENERATIVE AI INVESTMENT:
LANGUAGE APPS OVER
VISUAL & CREATOR APPS
GENERATIVE AI INVESTMENT
BY SEGMENT, AS OF MAY 31, 2023
$1B
$2B
$3B
$4B
$5B
According to the latest generative AI investment
numbers reported by Pitchbook1, investors have
been heavily more focused on language apps over
visual and creator apps. Text and language are
the most accessible places in the economy where
generative AI applications can create value and
help humans with tasks that they are doing. So,
whether that’s copywriting or coding, there’s just
more areas of applications that are available. It’s
also where most existing applications exist and
can be added onto.
2019
2020
2021
2022
But given that the generative AI industry had a
surprise birth in just Q2, it makes sense that the
starting point of the journey would be just text
based information. There’s more coming, and
there’s more opportunity in visual in audio and
video for next generation companies in the space
as large language architecture transcends just
text.
2023
YTD
Visual Media Applications
Natural Language & Coding Applications
INFRASTRUCTURE
DOUBLE-DOWN TO
HOLD THE 85% FAILURE
RATE DAM
On the infrastructure side, companies have been
investing in their machine learning operations
(MLOps) for several years as they have built their
data science and machine learning teams to help
their business units with analytical AI. Analytical
AI provides the ability to parse through data
for insights and patterns, resulting in sales
forecasting, operational efficiency predictions
or customer recommendations. There is a
tremendous amount of investment that has to
go into data collection, orchestration, security
and translation.
The good news is that this architecture can be
leveraged for generative AI with additional large
language operational tools (LLMOps).
AI Core Software (ex-OpenAI)
1
PitchBook, “Generative AI Trends and Opportunities,” June 14, 2023 2Forbes, “Why Most Machine Learning Applications Fail to Deploy,” April 2023
THE STATE OF GENERATIVE AI INSIDERS REPORT
21
