AI Startups Investment vs. Business Reality | The Gestalt IT Rundown: May 1, 2024
You don't need an algorithm to know that AI is the hottest invements right now outside of frozen concentrated orange juice. Investors are seeing the mountain of money that Nvdia is making and giving startups all the funding they could hope for. While massive funding for startups in Silicon Valley is old news this recent wave has seen the huge investments coming in the very early stages instead of later rounds after a product has been developed and is ready to be put on the market. 2023 saw almost $22 billion in AI startup funding, with an average deal of $55 million per company, which is well above the $8 million startup average. Investors are starting to ask questions about revenue and startups are having a hard time answering. This and more on the Rundown.
Time Stamps:
0:00 - Welcome to the Rundown
1:06 - NVIDIA Finally Acquires Run:ai
4:58 - Net Neutrality Restored by FCC
9:39 - Amazon to Build Data Centers in Indiana
12:44 - Hackers Spying on Governments says Cisco
16:39 - Ubuntu 24.04 LTS Noble Numbat Released by Canonical
21:04 - Broadcom Introduces Omnissa
24:41 - AI Startups Investment vs. Business Reality
36:44 - The Weeks Ahead
39:25 - Thanks for Watching
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