Global investors in the world’s largest venture capital firms such as Accel and Sequoia Capital India are asking the same question to their portfolio companies. “How vulnerable are you to artificial intelligence?”
Global investors in the world’s largest venture capital firms such as Accel and Sequoia Capital India are asking the same question to their portfolio companies. “How vulnerable are you to artificial intelligence?”
Earlier this month, the chaotic power of AI became apparent when online tutoring startup Chegg Inc. lost 48% of its share price due to competition from OpenAI chatbot ChatGPT. Venture capitalists around the world are now evaluating investments to see if AI tools have the potential to transform industries. The plunge in Chegg’s stock has accelerated this reassessment.
Earlier this month, the chaotic power of AI became apparent when online tutoring startup Chegg Inc. lost 48% of its share price due to competition from OpenAI chatbot ChatGPT. Venture capitalists around the world are now evaluating investments to see if AI tools have the potential to transform industries. The plunge in Chegg’s stock has accelerated this reassessment.
“Axel’s internal team is very focused on this issue,” said Bharath Shankar Subramanian, a partner at the company based in India. talked about the impact of He was able to spend time on the ground both inside and outside India,” he said in a video meeting with the founders. Such training is also underway in Silicon Valley, where Accel is based, he said.
“Axel’s internal team is very focused on this issue,” said Bharath Shankar Subramanian, a partner at the company based in India. talked about the impact of He was able to spend time on the ground both inside and outside India,” he said in a video meeting with the founders. Such training is also underway in Silicon Valley, where Accel is based, he said.
These reviews highlight how generative AI is capturing the attention of investors, founders, and executives who see it as both a huge opportunity and a disruptive force. . VC firms are trying to identify big winners while weeding out companies whose business models risk becoming obsolete with new technology.
These reviews highlight how generative AI is capturing the attention of investors, founders, and executives who see it as both a huge opportunity and a disruptive force. . VC firms are trying to identify big winners while weeding out companies whose business models risk becoming obsolete with new technology.
Similarly, Sequoia Capital, which has invested in more than 400 startups in India and Southeast Asia, “takes AI risks very seriously,” said Sequoias Surge, an accelerator for Indian and Southeast Asian startups in Singapore. Base partner Anandamoi Roychowdary said. , a fund specialist on AI and deep technology.
Similarly, Sequoia Capital, which has invested in more than 400 startups in India and Southeast Asia, “takes AI risks very seriously,” said Sequoias Surge, an accelerator for Indian and Southeast Asian startups in Singapore. Base partner Anandamoi Roychowdary said. , a fund specialist on AI and deep technology.
The company has considered each early-stage investment in the region to assess the readiness of the startups. Meanwhile, more than 75% of the new deals done by Sequoia India, the company’s unit in the region, are AI-related, and the topic dominates investment conferences.
The company has considered each early-stage investment in the region to assess the readiness of the startups. Meanwhile, more than 75% of the new deals done by Sequoia India, the company’s unit in the region, are AI-related, and the topic dominates investment conferences.
“The AI wave will affect everyone,” Roy Chowdhury said in the video, adding, “Boardrooms both inside and outside our portfolio are debating how to use AI as a strategic weapon.” said.
“The AI wave will affect everyone,” Roy Chowdhury said in the video, adding, “Boardrooms both inside and outside our portfolio are debating how to use AI as a strategic weapon.” said.
Roy Choudhary said Sequoia’s startup, which works in the legal contract space, and another that makes marketing videos, will soon adopt AI. Dozens of startups in the portfolio working on software development tools will integrate code written by both humans and AI, he said. Some portfolio companies have already auto-generated his 50% of the code.
Roy Choudhary said Sequoia’s startup, which works in the legal contract space, and another that makes marketing videos, will soon adopt AI. Dozens of startups in the portfolio working on software development tools will integrate code written by both humans and AI, he said. Some portfolio companies have already auto-generated his 50% of the code.
“It is imperative that the business models and services of startups evolve with the use of AI,” he said. “Otherwise, AI-native companies will emerge and outpace the competition.”
“It is imperative that the business models and services of startups evolve with the use of AI,” he said. “Otherwise, AI-native companies will emerge and outpace the competition.”
Sequoia India and South East Asia hold 90-minute internal gatherings called “Learning Sundays” every weekend to help teams understand the latest AI developments and their potential impact on various industries. Recent topics range from autonomous agents to open source. Large language model.
Sequoia India and South East Asia hold 90-minute internal meetings every weekend called “Learning Sundays” to keep teams informed about the latest AI developments and the potential impact of these technologies on various industries. Recent topics range from autonomous agents to open source. Large language model.
Singapore-based venture capital firm Beenext Pte., which oversees a portfolio of over 100 startups in India, Southeast Asia and Japan, has been cautious about AI despite being exposed to pitches related to the space. The investment is underway, said managing partner Hero Chowdhury. said in an interview in Bangalore.
Singapore-based venture capital firm Beenext Pte., which oversees a portfolio of over 100 startups in India, Southeast Asia and Japan, has been cautious about AI despite being exposed to pitches related to the space. The investment is underway, said managing partner Hero Chowdhury. said in an interview in Bangalore.
“The question is whether the AI wave will be deflationary,” Chowdhury said.
“The question is whether the AI wave will be deflationary,” Chowdhury said.
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