While the word on the street is that Generative AI is not quite ready for prime time, the recent large investments at “sky-high valuations” from the big tech players in the space suggest prime time may come sooner rather than later.
Investors poured $21.4 billion into generative AI startups this year through Sept. 30, up from $5.1 billion in 2022, according to PitchBook data.
View referenced article
![Businessman pointing on virtual graphic using generative ai chatbot for recommendation. Using Artificial Intelligence to do business analytics and prediction in digital transformation technology.](https://images.passle.net/fit-in/860x860/Passle/63109459f636e905f41c4854/SearchServiceImages/2023-10-20-13-31-24-862-6532812cc26b8e4d9c011b14.jpg)
Author(s)
Related Insights
26 July 2024
Video
Ten Minute Interview: Art Ownership
Brian Lucareli, director of Foley Private Client Services and co-chair of Foley’s Family Offices group, sits down with Lindsey Birch, associate and member of our Intellectual Property practice group, for a 10-minute interview to discuss art ownership.
26 July 2024
Foley In Fashion
Passing the Torch: Technology in the Opening Ceremony Fashion at the Paris Olympics
With the 2024 Olympic Games set in Paris, France, one of the world’s fashion capitals, athletics and aesthetics collide to take center stage at the much-anticipated opening ceremony.
25 July 2024
Foley In Fashion
SHEIN’s $1.9 Million Data Breach: A Cautionary Tale for Online Fashion Brands
The New York Attorney General fined fast-fashion company, Shein Distribution Corporation, $1.9 million for failing to properly handle a data breach in late 2022.