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Generative AI is not just about creative endeavors and parlor tricks. Both investors and Big Tech are betting that it will also affect corporate infrastructure and cybersecurity, and they are putting money on their mouths. — Anna
Developer tools plus generative AI
Y Combinator Demo Days are a strong indicator of the trends investors might be interested in – which is one of the main reasons australiabusinessblog.com always keeps a close eye on them. In the Winter 2023 batch, three areas stood out, the accelerator said: “open-source, dev tools And AI.”
Dev-tools startups in that batch drew particular interest from investors, with four of them securing additional funding just weeks after Demo Day, Insider reported. AI-related startups, on the other hand, were very popular with founders, representing 34% of the winter cohort.
While these areas can be viewed separately, I’m more interested in how they might overlap, so I called the Israeli VC Ron Segev to see what she had to say — not only because Israel has positioned itself as a hotspot for developer tools, but also because nearly half of its portfolio includes AI in some way.
Segev, the co-founder and managing partner of VC firm TLV Partners, thinks generative AI could lead to innovative ways for companies to explore and manage their infrastructure.