Venture capitalists and large corporations, including Microsoft and Google, continue to show relentless interest to start-ups in the field of generative AI.Just when we thought, "Where's more?", on Tuesday, investors poured $700 million into two AI startups - Builder.ai and Anthropic - signaling a continuation of the AI craze that has dominated venture capital markets since end of last year.
— Anthropic is the leader in collections with itsa generative AI model named Claude is ChatGPT's main competitor. The company has raised $450 million in a Series C led by Spark Capital with participation from Google, Salesforce Ventures, Sound Ventures, Zoom Ventures and others.
London-based Builder.ai has raised over $250 million in Series D led by Qatar Investment, with participation from Authority, Iconiq Capital, Jungle Ventures and Insight Partners.
With so many big rounds announced,When the hype is at its peak, one has to wonder if the startups claiming AI are really using generative AI in their business, and moreover, offering a unique approach, not a copy of ChatGPT.