GAIN 21 - AI Search Metrics, Market Growth Data, Marvel, Oracle, Amazon, Inflection & More
Top generative AI industry news from the week of June 29nd
The Generative AI News (GAIN) rundown this week was recorded on June 29, 2023. Some special segments include:
Generative AI search metrics compare wait time and word production per answer for Bing Chat, Perplexity, and Google SGE.
The venture capital and acquisition funding fountain flowed again with a giant acquisition, financing rounds for CalypsoAI, Loora, and investment by Amazon and the UK’s NHS.
We also give you a new list of generative AI winners and losers of the week.
Generative AI News
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Links related to the top stories are included below for anyone that wants to dig deeper into a topic.
Top Story of the Week
Generative AI Funding Fountain
CalypsoAI Raises $23 Million for AI Moderator and Security Solution
Amazon Invests $100 Million in Generative AI Innovation Center
Generative AI Product Garden
Adobe will Cover Legal Bills if You Are Sued for Copyright When Using Firefly
Josh.ai Infuses Generative AI into Smart Home Voice Assistant
Big Brands in Generative AI Land
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Generative AI to Reach $1.3 Trillion in Annual Revenue - Let's Break That Down
Bloomberg Intelligence forecasts rapid growth for generative AI, rising from about $40 billion in 2022 to $1.3 trillion in 2032. During that period, generative AI will climb from less than 1% of total IT spending to 12%. The growth forecast predicts a 42% compound annual growth rate (CAGR). According to the report:
This One Factor Could Kill Bing Chat. Google SGE and Perplexity AI are in a Different League.
Google dominated its early search rivals by delivering higher-quality search results more frequently. However, it was also maniacally focused on speed. That spartan Google search splash page was a sharp contrast to the cluttered portal concept of Yahoo, AltaVista, and the other search giants of the day (and even some of what you see from Bing today).