Funding for Generative AI Startups Shifts to Applications

In the world of generative artificial intelligence startups, chatbots are so 2023. This year, entrepreneurs and venture capitalists are building and backing new applications of the emerging technology, including humanlike robots and voice generators.

In the first quarter, venture capitalists plowed more than $2.2 billion into startups tracked by The Information’s Generative AI Database, an increase of more than 11% from the fourth quarter. Figure, which is building humanlike robots that incorporate AI, raised the most funding in the …

ai startups applications artificial artificial intelligence billion building chatbots emerging technology entrepreneurs first quarter funding generative generative ai startups generative artificial intelligence generators humanlike information intelligence robots startups technology the information venture venture capitalists voice world