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VC firm NuVentures aims to bring value to early-stage tech startups by ensuring faster connect with markets and customers.
"We're ensuring that breakthrough technologies in AI, robotics, and precision agriculture don't just stay in the lab or on pitch decks."
Jim Adler, founder and general partner at Toyota Ventures, told the SXSW audience that hype cycles attract talent and investment that help develop technology quickly.
As new technology businesses can use Generative AI for product development, they need far less VC funding. Money needs to be raised mainly for sales and marketing, not armies of software programmers.
Venture capital investors bullish on application-layer AI startups in India, focusing on enterprise solutions and vertical applications.
Together Fund plans to back around 25 artificial intelligence startups through its second fund with an average deal size of $3 million to $ 5.
Since its founding in 2021, OpenAI Startup Fund has invested in over a dozen startups, including many of the hottest startups in AI.
Khosla Ventures, a firm known for early investments in OpenAI, is raising $3.5 billion across three funds, the Wall Street Journal reported. That target