Opportunities in Generative AI | firstminute capital Report

By firstminute capital // 10 February 2023

Emad Mostaque, Founder of Stability AI, speaking at Founders Forum in New York
Emad Mostaque, Founder of Stability AI, speaking at Founders Forum in New York. Photo by Caleb Miller.

How can you make money from generative AI? A new report by firstminute capital deep-dives into the opportunities and applications of generative AI, and highlights some of the 210+ startups in the category.

Generative AI is a field of artificial intelligence that focuses on creating new and unique outputs, such as images, text, music, and more. 

With the advancement of deep learning and neural networks – and breakthroughs in areas such as computer vision and natural language processing – the potential applications of generative AI are wide-ranging, from art and entertainment to science and medicine. 

Text reading a little dry? Generative AI, specifically OpenAI’s conversational chatbot, ChatGPT, wrote the above introduction. But you can ask it to write a tabloid-style intro too.

ChatGPT writes an article about Generative AI in tabloid style.

From art to advertising to financial modelling, generative AI has the potential to augment anything that involves human creative endeavour and looks set to be a core driver of the next decade of enterprise and consumer products. 

ChatGPT hit one million users within five days of its release – a feat that took Twitter two years and Facebook 10 months.

Venture capital money has been pouring into this category ($50b in 2022) and companies have been raising huge rounds. Emad Mostaque’s Stability AI raised $101m in its Seed funding round at a $1b valuation in October 2022.

So how can you tap into this booming category and make money from generative AI?

firstminute capital’s generative AI report is driven by insights from the firstminute portfolio and some of the leading figures in the field. It also includes a market map and an overview of some of the 210+ startups in the space.

Click here to read firstminute’s generative AI report.