Editor's note: In 2023, Crunchbase News interviewed active startup investors in artificial intelligence. Below, we publish highlights from those interviews. Read the full interviews with General Catalyst, Bessemer Venture Partners, Accel, Insight Partners, Index Ventures, Sequoia Capital, Section 32, M12 and Sapphire Ventures. For many, the foundation-level models ' unless you are an early investor ' are challenging for venture funding due to the vast sums of capital required. That's because it costs billions of dollars to develop foundation models. But the tools required to manage these models and data are garnering investor interest. And the application-layer software applying these models for consumers and businesses is a use case that will play out over the next decade. Repeatedly, what we heard from investors is that the immediate and massive adoption by consumers of AI tools like ChatGPT and image-generation models in the past year was a critical off-to-the-races moment for...
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