In Q3 2024, VCs invested $3.9 billion in generative AI startups across 206 deals, indicating strong investor confidence despite skepticism surrounding generative AI's reliability and legality.
A Forrester report predicts that 60% of generative AI skeptics will eventually embrace the technology for various tasks, challenging Gartner's prediction of high project abandonment.
Brendan Burke from PitchBook noted that 'large customers are rolling out production systems that take advantage of startup tooling and open source models,' signaling industry confidence.
Despite critiques regarding generative AI's legality and reliability, VCs remain optimistic that the technology will gain traction in valuable industries.
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