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title: "Generative AI: transformative potential & risks  🤖"
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With $1.5B in venture capital invested this year, GenAI startups are booming. What is the impact of these models on society? 

| View in browser JANUARY 10, 2023       Generative AI (GenAI) promises to kick off a new era of creativity and is booming even amid tech gloom. Gen AI opens up transformative opportunities as well as ethical challenges... Is the hype real? 💸 $1.5B venture capital invested in GenAI startups this year, 7x more than in 2020. 🤖 GenAI startups are valued at a total of $21B. 🏆 Top VCs are betting on the segment, including Sequoia Capital, Andreessen Horowitz, Tiger Global Management and Lightspeed Venture Partners. Discover the key trends and explore over 200+ GenAI startups and the investors betting on them by accessing the latest Dealroom Briefing. A New Frontier: Generative AI in 2022       But also...  Mark your calendar! We're publishing the 3rd edition of our report with Mobility Club by Via ID - Mobivia: “State of European Mobility Tech Startups” on January 26th. This report is a bi-annual data-driven analysis of the European mobility tech startups landscape that presents key findings about VC and CVC trends (investment & exits) in the European mobility sector.   Want to know more about the state of European mobility startups? Tune in with us at Mobility Club x Via ID's webinar on January 26th 11am CET covering the latest developments and key trends in mobility in 2022.  Register now!       ECOSYSTEM SPOTLIGHT Austin: global hotbed for tech startups 🇺🇸 Startups in Austin, Texas raised $5 billion in 2022, just $0.4B less than 2021 with the transportation and real estate sector attracting the most funding. 🏅 This ranks Austin at #25 worldwide and #11 in the US in the Trailblazers list of our ecosystem benchmarking report. Take a look at our 2022 recap of Austin, Texas, a global startup & scaleup hub, and access the full next generation of tech ecosystems report here. Explore the Austin Ecosystem       Do you want your ecosystem to be featured?  Let us know.        IN THE NEWS 🤖 While generative AI has people excited about a new wave of creativity, there are concerns about the impact of these models on society.  🚀 Is Chicago the ideal location to build a startup? Learn about Chicago's startup ecosystem and the 5 reasons to be bullish going into 2023.  💂 Home to 2,500 startups and scaleups, Yorkshire has played a significant role in establishing the UK as a major tech hub, according to new research.    🇮🇳 Check out the 10 most active European and US investors betting on India as Asia's tech powerhouse , as it hits 100 startups worth $1 billion or more. 🇺🇦 Funding in central and eastern Europe has exploded, growing 7.6 times from 2017 levels. Learn why VCs are so excited about the region.        2023 EVENTS 🇺🇸 March 10–19,  Austin, Texas South by Southwest (SXSW) celebrates the convergence of tech, film, music, education, and culture.  Save the date for 2023!  🇦🇺 May 1-4 , Melbourne, Australia 4,000 entrepreneurs, investors and policymakers from 200 nations, 3 days, with one mission. All converge to GEC Melbourne next year.  🇨🇦 June 26-29, Toronto, Canada Pre-register for Collision Toronto. Inc. Magazine sums it up: “Expect game-changing speakers, dynamic content, and great opportunities to network and connect with others.” Know an insightful tech event in your region you would like to highlight? Let us know!       Like this newsletter? Subscribe Dealroom.co, Cornelis Dirkszstraat 27-2, 1056 TP, Amsterdam, The Netherlands Unsubscribe Manage preferences |
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