Generative AI startups have made up a lot of the world's new unicorns this year.
High-profile investors have jostled to back, in some cases, weeks-old startups like Mistral as the hype around generative AI intensified.
Both regions also tout a batch of promising unicorns across the generative AI stack.
Generative AI will become a run-of-the-mill tool"Generative AI will unlock new verticalised applications built with smaller and dedicated models and industry-specific workflows," the Accel report said.
Enterprises will also jump to incorporate generative AI more seamlessly into their automation tools, per the report.
Persons:
—, Phillipe Botteri, Harvey
Organizations:
Venture, Mistral, US, Accel Partners, Runway, Accel, EU, Stanford University, Enterprises, Big Tech, Microsoft
Locations:
Europe, Israel, Jasper, France, EU