GenerativeAIBible

TheultimateguidetogenAIdisruption

"?CBINSIGHTS

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UnleashthegenerativeAIrevolution

DiveintoatreasuretroveofgenerativeAIcompanies,investors,andmarketinsights.

Elevateyourdecisionswithexclusivesoftwarebuyerinterviewstounderstandproductpricing,CSAT,andpost-deploymentexperience.

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GenerativeAIisathemeCBInsightscoveredbeforethehype.We'veconsistentlybeenaheadofthecurve

20192020202020212022

12345

Generativeadversarialnetworks

CBInsights

2019TrendsReport

Commercialdeepfakes,AIvoicespoofing

CBInsights

2020TrendsReport

Syntheticdata,

self-supervised

learning

CBInsights

2020TrendsReport

Transformers,

multilingual

models

CBInsights

2021TrendsReport

Codegeneration,deepfake

detection,multimodalAI

CBInsights

2022TrendsReport

Andwe'restayingaheadtoday–soyoucantoo

2023

Understand25+generativeAImarkets

LargelanguagemodeldevelopersCustomersupportoperations

Textgeneration

Protein&drugdesign

Voicesynthesis&cloning+more

Discover400+genAIvendors

Trackedinouranalyst-curatedExpertCollection

Stayontopofthelandscapewithresearch&transcripts

CBInsightshelpstheworld’sleadingcompaniesunderstandeverythingtheyneedtoknowabout4

disruptivetechnologies—

findoutmoreaboutwhyourcustomersloveushere

.

CBINSIGHTS

5

Contents

GenerativeAIBible

ThegenerativeAIboom6SowhereisgenerativeAIheaded?63

Gradually9

1.RacetodominategenAIinfrastructure64

Thensuddenly192.Cross-industryapplicationsfacepressure88

Andnowsuddenlyisaccelerating37fromlargeplayers

HundredsofstartupspileintogenAI383.OpportunityinverticalgenAI93

Healthcare&lifesciences

Fundingsoarsasinvestorsflock41

Financialservices&insurance

Bigtechisallinandreadytofight50

Retail

Promisingcompaniestowatch119

6/CBINSIGHTS

The

generativeAIboom

ERNESTHEMINGWAY,THESUNALSORISES

“Howdidyougobankrupt?”

7/CBINSIGHTS

ERNESTHEMINGWAY,THESUNALSORISES

“Twoways…

Graduallyandthensuddenly”

8/CBINSIGHTS

9

2014

Gradually

GenerativeAIhasbeenintheworksforyears

Howdidwegethere?ArecenttimelineofselecteventsinthedevelopmentofgenerativeAI

20142016201720182019

5

3

2

4

1

Generativeadversarialnetworks(GANs)

introducedbyIanGoodfellow

WaveNetandaudio

generationintroduced

byDeepMind

Newneuralnetwork

architecturecalledthe

“Transformer”introduced

byGoogleresearchers

GoogleAIreleasesBERT,

aleapintheabilityof

machinestounderstand

contextinlanguage

OpenAIreleasesGPT-2,

gainingattentionfor

textgeneration

capabilities

8

20202020202120222022

9

7

10

6

OpenAIreleasesGPT-3,

acceleratinginterestin

languagemodels

“Deepfakes”becomewidelyknown

OpenAIreleases

text-to-imagemodel

DALL-E

Text-to-imagemodels

fromGoogle,Midjourney,

StabilityAI,andOpenAI

proliferate

OpenAIlaunchesGPT-

3.5-basedchatbot

ChatGPT,unleashing

genAIboom

10/CBINSIGHTS

*GenerativeAIisartificialintelligencethatcangeneratenewcontent(text,code,images,audio,etc.).

ImageSynthesis

outsmarteachother,creating

/CBINSIGHTS

11refining

and

Imagesource:LargeScaleGANTrainingforHighFidelityNatural*”AIversusAI”:Abreakthroughwheretwoneuralnetworkstrytosyntheticoutputs.

GANstapintotheideaof“AIversusAI”—advancingimagegenerationdramatically

1

20142016201820202022

Imagesfrom2018paperwhereDeepMindresearcherstrainedGANsonalarge-scaledatasettocreate“BigGANs”

Imagesource:GoogleDeepMind12/CBINSIGHTS

WaveNetproducessyntheticaudio,showcasingthepotentialofgenerativemodelsbeyondimages

2

20142016201820202022

175+661%

TheTransformerarchitecturecanbetterunderstandandgeneratehumanlanguage,pavingthewayforfurtherR&D

6authorsoftheseminalresearchpaperhavegoneontoraise$1.7Bacross5AIcompanies*

3

20142016201820202022

13/CBINSIGHTS

Source:CBInsights—

6authorsofaseminalresearchpaperbyGoogle

*Asof10/12/2023

Imagesource:Google14/CBINSIGHTS

GoogleAIreleasesBERT,aleapintheabilityofmachinestounderstandcontextinlanguage

4

20142016201820202022

TheAIlanguagemodelpredictsawordbasedonnotonlytheprecedingwords,butalsothesucceedingones(bidirectionalunderstandingofcontext).

BERTisdeeplybidirectional,OpenAIGPTisunidirectional,andELMoisshallowlybidirectional.

Imagesource:OpenAI15/CBINSIGHTS

OpenAIincorporatestheTransformerarchitectureintoitslanguagemodels

5

201420162018

GPT-1–June2018

20202022

GPT-2–February2019

Imagesource:NYT,MITTechnologyReview16/CBINSIGHTS

OpenAI’sGPT-3isamajorleapforward,showcasingabilitytogeneratecode,jokes,andmore

6

20142016201820202022

November2020

July2020

Imagesource:YouTube,TikTokviaABC17/CBINSIGHTS

*Deepfakesrefertosyntheticmediawhereapersoninanexistingimageorvideoisreplacedwithsomeoneelse’slikenessusingneuralnetworks.

Deepfakesgomainstream,highlightingpowerandpitfallsofvideogeneration

7

20142016201820202022

Imagesource:OpenAI18/CBINSIGHTS

GPT-3isthefoundationforDALL-E,whichcangenerateimagesfromtextdescriptions

8

20142016201820202022

19

2022

Thensuddenly

GenAIgoesfromexperimenttoeverywhere

Imagesource:TheEconomist20/CBINSIGHTS

Modelsgetbigger…

Imagesource:Science21/CBINSIGHTS

…andbetter,beatinghumanperformancebenchmarks

Imagesource:Imagen(Google),Midjourney,DALL-E1vs.DALL-E2(OpenAI),StableDiffusion22/e:CBINGHTS

Text-to-imagegeneratorstaketheinternetbystorm

Source:CBInsights–

AdvancedSearch-Deals

23/e:CBINGHTS

GenerativeAIstartupsraisemajorfundingtofuelgrowth

Dealsworth$100M+togenerativeAIstartupsin2022

Imagesource:GitHub24/CBINSIGHTS

AIcodingassistantGitHubCopilotbecomeswidelyavailable

25/CBINSIGHTS

Source:Mediamentions*Appdownloads

ChatGPTgoesviral,gettingto1Musersin5daysand100Min2months—unleashinggenAIboom

Timeto1Musersforselectplatforms/appsfromlaunch

5days

2.5months*

5months

7months

10months

2years

Almostovernight,execinterestingenerativeAIskyrocketsandcompaniesfeelpressuredtoreact

Earningscallmentionsof“generativeAI”(asof9/30/2023)

2,081

1,546

446

101000028

Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3

202120222023

26S

Source:CBInsights—

AdvancedSearch-Earningstranscripts

Source:CBInsights—

WhatarecustomerssayingaboutgenerativeAIstartups?

27/e:CBINGHTS

Microsoftinvests$10BintoChatGPT-makerOpenAIinQ1,23,propellinggenAIfundingtonewheights

Disclosedequityfunding&dealstogenerativeAIcompanies(asof9/30/2023)

Fundingw你openAIfundingDeals

Funding$17.4B

Deals170

168

154

103

$10.0B

64

$5.3B

$3.2B

$1.7B

$0.7B

$1.0B

$2.0B

20192020202120222023YTD

/CBINSIGHTS

Imagesource:Microsoft*Alargelanguagemodelisadeeplearningalgorithmthatanalyzesandproducestext28bylearningfromextensivelanguagedata.

MicrosoftdebutsAI-poweredBing,runningonanewOpenAIlargelanguagemodel(LLM)

Imagesource:Meta29/CBINSIGHTS

MetaintroducesLlama,anopen-sourcelanguagemodel

GooglesoundsalarmbellsandreleasesBardchatbot

Alphabet

OntheAIside,itisareallyexcitingtime.Ithinkwe'vebeeninvestingforawhile,andit'sclearthatthemarketis

ready…Obviously,weneedtomakesurewe'reiteratinginpublic,thesemodelswillkeepgettingbetter,sothefieldisfastchanging.Theservingcostswillneedtobe

improved.

SoIviewitasvery,veryearlydays,butwearecommittedto…actuallybringingdirectLLMexperiencesinSearch,makingAPIsavailablefordevelopersandenterprisesandlearnfromthereanditeratelikewe'vealwaysdone.

AlphabetCEOSundarPichaiQ1,23earningscall

CBINSIGHTS

30/

Source:CBInsights–

AdvancedSearch-Earningstranscripts

;Google*Reflectsquartercalloccurred

Imagesource:OpenAI31/CBINSIGHTS

GPT-4becomesOpenAI’smostpowerfulmodelyet,crushinghumanexams

Imagesource:Reddit32/CBINSIGHTS

Reddit,afterprovidingyearsoffreetrainingdataforAIsystems,planstochargeforaccesstoitscontent

Source:CBInsights–

Cheggcompanyprofile

,Chegg33/e:CBINGHTS

CheggblamesChatGPTfordecliningrevenue,seesitssharepricetank,and,inresponse,pivotstobuildLLMs

CheggattributesdeclininggrowthtoChatGPT

*GPUs=graphicsprocessingunits,whichareusedtorunintensiveAIapplications.34/e:CBINGHTS

Nvidiaentersthe$1TmarketcapclubasdemandforGPUsusedingenAIsendsitsrevenuesoaring

UScompaniestoreach$1T+marketcap(asof10/30/2023)

$2.7T

$3.1T

$2.5T

$2.7T

$1.6T

Alphabet

$2.0T

$1.4T

$1.9T

$1.0T

nvIDIA.NMeta

$1.2T

$0.8T

Currentmarketcap

All-timehigh

$1.1T

$0.6T

$1.2T

Imagesource:SimilarWeb,TheVerge35/CBINSIGHTS

StackOverflowseesdecliningtrafficandlaysoffemployeesamidAIcodingboom

EvenApplescramblesasitworksonitsownLLMcalledAjaxandisoncoursetospend$1BayearongenAIpush

Ifyoutakeastepback,weviewAIandmachinelearningascorefundamentaltechnologiesthatareintegraltovirtuallyeveryproductthatwebuild…Andofcourse,we'vebeendoingresearchacrossawiderangeofAItechnologies,including

generativeAI,foryears.We'regoingtocontinueinvestingandinnovatingandresponsiblyadvancingourproductswiththesetechnologieswiththegoalofenrichingpeople's

lives…Andasyouknow,wetendtoannouncethingsasthey

cometomarket,andthat'sourMO,andI'dliketosticktothat.

AppleCEOTimCookQ3,23earningscall

/CBINSIGHTS

36

Source:Bloomberg;CBInsights–

AdvancedSearch-Earningstranscripts

*Reflectsquartercalloccurred

37/CBINSIGHTS

Andnowsuddenlyisaccelerating

Ambitious&flushwithcash,young

companiesandbigtechplayersareall

rushingintothisnextplatformshift

38FFGFNsiGHTS

HundredsofstartupspileintogenAI

CommercialgenAIapplicationsareproliferating

GenerativeAIMarketMap

Explorethefullmap

Source:CBInsights—

GenerativeAIMarketMap

39/e:CBINGHTS

GENAI

LAYERS

LANDSCAPE

300+vendorshaveemergedacross:

?Cross-industrygenerativeapplications

(visualmedia,textgeneration,codegeneration,etc.)

?Industry-specificgenerativeapplications(healthcare,finance,etc.)

?GenerativeAIinfrastructure

(foundationalmodels,vectordatabases,etc.)

Source:CBInsights—

GenerativeAIMarketMap

40/e:CBINGHTS

41FFGFNsiGHTS

Fundinginvestors

soarsasflock

AsinvestorslooktoridethegenerativeAIwave,

fundingsoarsin2023

Deals170

Disclosedequityfunding&deals(asof9/30/2023)

168

154

103

Funding$17.4B

64

$5.3B

$3.2B

$1.7B

$0.7B

20192020202120222023YTD

Source:CBInsights—

ThestateofgenerativeAIin7charts

;

DealsStory

42/e:CBINGHTS

GenerativeAIinfrastructureattractsthebulkoffunding,duetothecapital-intensivenatureofdevelopingLLMs

Disclosedequityfunding&dealstogenerativeAIcategories,fromQ4,22toQ3,23

Deals

Funding

$11.6B

30deals

GenerativeAIinfrastructure

Cross-industrygenerativeapplications

Industry-specificgenerativeapplications

$5.5B

129deals

$0.8B

48deals

Source:CBInsights—

ThestateofgenerativeAIin7charts

43/e:CBINGHTS

Source:CBInsights—

AdvancedSearch-Deals

44/e:CBINGHTS

Arecordnumberof$100M+mega-roundsdrivefundingsurge,withmoneyprimarilygoingtoinfrastructurelayer

Disclosed$100M+genAIequitydeals(asof9/30/2023)

Mega-rounds

20

9

8

4

1

20192020202120222023YTD

Source:CBInsights45/e:CBINGHTS

Alongsidebigdeals,generativeAIismintingunicornsleftandright

Newunicorns($1B+valuation),Q1,23—Q3,23

Company

Valuation

Country

1

ANTHROP\C

$4.4B

UnitedStates

2

$2.2B

Canada

3

氏runway

$1.5B

UnitedStates

4

AI21lcbs

$1.4B

Israel

5

$1.2B

UnitedStates

6

ADEPT

$1.0B

UnitedStates

6

?character.Al

$1.0B

UnitedStates

6

$1.0B

UnitedKingdom

6

ITypeface

$1.0B

UnitedStates

6

imbue

$1.0B

UnitedStates

6

$1.0B

China

Source:CBInsights—StateofAIQ3'23Report46/e:CBINGHTS

Outofthe16newAIunicornsin2023sofar,11aregenAIcompanies

NewAIunicorns($1B+valuation)

AIunicorns2023genAIunicorns

24

21

16

14

14

14

7

4

3

Q3

4

5

2

Q3

333

6

Q4

5

3

Q2

Q4

Q1

Q1

Q1Q2Q3

2020

Q3

Q2

2023

Q4

Q1

Q2

2022

2021

Source:CBInsights—

AdvancedSearch-Deals

47/e:CBINGHTS

BiggestM&Adealof2023landsininfrastructure,buttherestofM&Areflectspushattheindustry/applicationlevel

GenerativeAIM&Aexits,Q1,23—Q3,23

Company

RoundValuation

Acquirer

GenAIFocusArea

Country

1

MosaicML

$1.3B

Databricks

Infrastructure

UnitedStates

2

InstaDeep

$125M

BioNTech

Healthcare&lifesciences

UnitedKingdom

3

Casetext

$650M

ThomsonReuters

Legal

UnitedStates

4

LightYearAI

$234M

Meituan

Infrastructure

China

5

Valence

$47M

Recursion

Healthcare&lifesciences

Canada

Neeva

N/A

Snowflake

Enterprisetech

UnitedStates

Thankful

N/A

Gladly

Enterprisetech

UnitedStates

Fig

N/A

AmazonWebServices

Enterprisetech

UnitedStates

Codiga

N/A

Datadog

Enterprisetech

UnitedStates

Source:CBInsights—

AdvancedSearch-Deals

48/e:CBINGHTS

TheUSispoisedtoownthegenAIboom:2xmoredealsintheUSthantherestoftheworldcombined

DisclosedgenerativeAIequitydealstostartupsbycompanyHQ,Q4,22—Q3,23

UnitedStates

Restofworld

143

64

Butit'sstillearlydaysforgenAIstartups—71%areearly-stageorhaven'traisedanyfunding

Percentofcompaniesbylatestdisclosedround(asof9/30/2023)

Seed,pre-seed,angel,&convertiblenote

16%

SeriesA

39%

SeriesB&C

19%

SeriesD+

12%

13%

Notraisedoutsidefunding

1%

Other

Source:CBInsights—

ThestateofgenerativeAIin7charts

49

*Otherincludesnon-equityfundingroundsandequityroundsnottiedtospecificstageofinvestment.

CBINSIGHTS

50FFGFNsiGHTS

Bigtechisallinandreadytofight

CBINSIGHTS

51/

Source:CBInsights*IncludesinvestmentsfromM12andGoogleVentures**AWS

GenerativeAIisanewbattlegroundforbigtech,with

overlappingalliancesandcommitmentsintothebillions

GenerativeAIcompanieswithtwoormorebigtechinvestors(asof9/30/2023)

Bigtechinvestors

Company

Indicateswherebigtechinvested

Google

CMeta

HuggingFace

Adept

AI21Labs

Anthropic

InflectionAI

InworldAI

OpenAI

**

Runway

Synthesia

Typeface

CBINSIGHTS

Source:CBInsights—AdvancedSearch-Deals52

*BigtechincludesAmazon,Apple,Microsoft,Meta,Google,andNvidia

Bigtechbackseverytopdealin2023sofar,withotherCVCs&corporatesjoiningtheaction

TopgenerativeAIequitydeals,Q1,23—Q3,23

Company

RoundAmount

Round

Date

RoundValuation

BigTechInvestors

OtherSelectInvestors

Country

1

OpenAI

$10.0B

CorporateMinority-III

2023-01-23

N/A

Microsoft

UnitedStates

2

InflectionAI

$1.3B

SeriesB

2023-06-29

$4.0B

Microsoft,Nvidia

GatesFrontier

UnitedStates

3

Anthropic

$1.25B

CorporateMinority-V

2023-09-25

N/A

Amazon

UnitedStates

4

Anthropic

$450M

SeriesC

2023-05-23

$4.1B

Google

MenloVentures,SKtelecomventures,SalesforceVentures,ZoomVentures

UnitedStates

5

Anthropic

$400M

CorporateMinority

2023-02-03

$4.1B

Google

UnitedStates

6

Adept

$350M

SeriesB

2023-03-14

$1.0B

Microsoft,Nvidia

GeneralCatalyst,SparkCapital,AtlassianVentures,WorkdayVentures,GreylockPartners

UnitedStates

7

Generate

Biomedicines

$273M

SeriesC

2023-09-14

N/A

NVentures

AbuDhabiInvestmentAuthority,Amgen,FidelityInvestments,FlagshipPioneering,MAPSCapital

UnitedStates

8

Cohere

$270M

SeriesB

2023-05-02

$2.2B

Nvidia

InoviaCapital,IndexVentures,Oracle,SalesforceVentures,SentinelOne

Canada

9

HuggingFace

$235M

SeriesD

2023-08-23

$4.5B

Amazon,GoogleVentures,NVentures

SalesforceVentures,AMD,IBMVentures,IntelCapital,QualcommVentures

France

10

Imbue

$200M

SeriesB

2023-09-07

$1.0B

Nvidia

AsteraInstitute

UnitedStates

Nvidiaincreasesitsinvestmentactivitydramatically...EquitydealsbackedbyNvidia(asof10/25/2023)

Deals

17

9

7

3

2

20192020202120222023YTD

Source:CBInsights—

Nvidiacompanyprofile–investments

53/e:CBINGHTS

Source:CBInsights—

AdvancedSearch-Deals

54/e:CBINGHTS

…becomingthemostactiveinvestoringenerativeAI

TopgenerativeAIinvestorsbycompanycount,Q1,23—Q3,23

Investor

CompanyCount

InvestorGroup

Country

1

Nvidia

9

Corp

UnitedStates

2

SVAngel

7

Angel

UnitedStates

3

SalesforceVentures

6

CVC

UnitedStates

3

IndexVentures

6

VC

UnitedStates

3

AndreessenHorowitz

6

VC

UnitedStates

6

GV(GoogleVentures)

5

CVC

UnitedStates

7

Microsoft

4

Corp

UnitedStates

7

SequoiaCapital

4

VC

UnitedStates

7LightspeedVenturePartners

4VCUnitedStates

Source:InflectionAI;CBInsights—

AdvancedSearch-Deals

55/e:CBINGHTS

ThedominantchipmakeriscashinginonthegenAIcomputingboom,backingstartupsusingitschips…Nvidia-backedequitydealstogenerativeAIcompanies(asof9/30/2023)

…asdemandforNvidiaGPUsfarexceedssupply

Ifyou'retryingtodothetrainingofthemodels,thenhavingthe

gettingthosechips.

absolutelatest,greatestGPU,theH100fromNvidiarightnow,there'salotofconstraintin

CEOMatthewPrince,Q3,23earningscall

?kingsoftcloud

Thereis[a]significantbottleneckintermsofNvidia’sGPUchips…inshort,the

demandfarexceedsthesupplyinthe

market.Andthatisnotthesituationforusasonecompany,itisageneralsituationfortheindustry…Wehadoriginallyexpected

therevenuefromAItobeshowninour

financialsinthethirdquarterandthatis

likelytobedelayedduetotheshortageofsupplyofGPUserversthroughthefourthquarteroreventhefirstquarterof2024.

CEOTaoZou

Q3,23earningscall

*Reflectsquartercalloccurred

Source:CBInsights—

AdvancedSearch–Earningstranscripts

56/e:CBINGHTS

1,646+370%

Source:CBInsights—

AdvancedSearch-Deals

*IncludesdealsbackedbyMicrosoft’sventurearmM1257/e:CBINGHTS

MicrosoftstepsupitsgenAIinvestmentactivitybeyondits$13BinvestedinOpenAI…

Microsoft-backedequitydealstogenerativeAIcompanies(asof9/30/2023)

...bettingthatgenerativeAIcouldtipthecompetitive

scalesinitsfavorfordecadestocome

Microsoft

InvestmentThesis

Map–GenerativeAI

totransformthewaywework

Source:CB—AnalyzingMicrosoft’sgenerativeAIstrategy:HowMicrosoftispastOpenAI

Insightsexpanding

58/

CBINSIGHTS

Source:Microsoft59/eCBINSIGHTS

Microsoft’sinvestmentsingenAIhelpreverseslowingAzuregrowthandcontributeto3percentagepointbump

Azureandothercloudservicesrevenuegrowth(year-over-year)byquarter

59%

62%59%

50%

50%

51%50%

48%

47%

46%46%

40%

29%

35%

31%

27%26%

Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q

1

FY2020FY2021FY2022FY2023FY2024

1,646+370%

CBINSIGHTS

Source:CBInsights—

AdvancedSearch-Deals

*IncludesinvestmentsbyGoogle,GoogleVentures,andGradient60/Ventures

AlongsideitsBardchatbot,GoogleputsbillionstowardinternalAIresearch&arangeofAIstartups

Google-backedequitydealstogenerativeAIstartups(asof10/27/2023)

AmazonandGooglecommitbillionstoLLMdeveloperAnthropicinbattlewithOpenAI-backerMicrosoft

Source:CBInsights—

Anthropiccompanyprofile-funding

61/e:CBINGHTS

Amazonlaunches

$100MgenerativeAIaccelerator,lookingtofeeditscloud

computingbusiness

AWSGenerativeAI

AcceleratorInvestmentThesisMap

ShareofgenAIacceleratorcohort

Source:CBInsights—

WheretheAWSGenerativeAIacceleratorisplacingitsbetsacross7industries

62/

CBINSIGHTS

63/CBINSIGHTS

Sowhereis

genAIheaded?

GenerativeAIwillsoonbe

impossibletoignoreasdisruptive

applicationsspread

1.RacetodominategenAIinfrastructure

2.Cross-industryapplicationsfacepressurefrom

largeplayers

3.OpportunityinverticalgenAI

64FFGFNsiGHTS

1.Racetodominate

Noclearwinneryetinfoundationalmodels

genAIinfrastructure

Highest-valuedgenAIunicornscompeteprimarilyattheinfrastructurelayer

MosthighlyvaluedprivategenerativeAIcompanies(asof09/30/2023)

像openAI scale?HuggingFace

ANTHROPVC

Inflection

需cohexe

色Lightricks

CJasper

氏runway

AI21lclbs

$29.0B

$7.3B

$4.5B

$4.1B

$4.0B

$2.1B

$1.8B

$1.5B

$1.5B

$1.4B

Source:CBInsights—

ThestateofgenerativeAIin7charts

65/e:CBINGHTS

4LLMdevelopers–Anthropic,Cohere,AI21Labs,andAdept–jointheunicornclubin2023

LeadingLLMdevelopersbyvaluation(asof09/30/2023)

Source:CBInsights—

GenerativeAI—largelanguagemodeldevelopersmarketreport

66/e:CBINGHTS

WhileOpenAIhasclearlead,vendorsarecompetingonmultiplefrontstobecomethego-tomodeldeveloper

KeyKPIsforevaluation

Safety&complianceAccuracy&quality

Customization

Pricing&deploymentTokenlimits

Source:CBInsights—

GenerativeAI—largelanguagemodeldevelopersmarketreport-sco