For many tech companies, investors are adopting a new valuation method that we’ve noticed: AI proficiency.
The current wave of AI hype has two main flavors I’m interested in. First, the battle between tech giants to create, or at least invest in and support, the latest and greatest in intelligent computing services. And the second, the startups that use the enhancement toolset to build and improve products, help them grow quickly and attack new markets.
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Usually here at ukbusinessupdates.com we’ve focused on the startup side of things. Given our mission as a publication – we focus on startups and their financiers – this is not surprising. But the story of Copy.ai, one of the earlier startups that used tools like GPT-3, reaching $10 million in annual recurring revenue is not the whole picture.
