Tech’s hot topic: The generative AI startup scene outshines the tech industry slump. Here are the latest moves:
OpenAI: Its latest ChatGPT upgrade is a web browser plug-in that allows the bot to access real-time information.
Character AI: Founded by former Google researchers, the startup reached unicorn status after a recent $150 million funding round.
Neo: The startup accelerator partnered with OpenAI and Microsoft to offer free software, Azure cloud access, and advice to AI startups.
Rewind: The startup launched its GPT-4-based chatbot that runs in the background on users’ computers to retrieve any data like meetings, tasks, emails, documents, and browser history.
Google: Its cloud division is offering generative AI startups $250,000 in cloud credits, free technical support, and advice.
Market consolidation on the horizon: A flurry of startups entering the generative AI arena obscures the likely reality that the sector is headed toward a monopoly.
This article originally appeared in Insider Intelligence's Connectivity & Tech Briefing—a daily recap of top stories reshaping the technology industry. Subscribe to have more hard-hitting takeaways delivered to your inbox daily.
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