Investment in consumer retail and D2C companies will likely to remain very dry. ![]() Globally, VC investment will likely to remain soft heading into Q2’23 as VC investors across jurisdictions continue to show caution given the significant degree of uncertainty in the market. Some aspects of generative AI could also however, come under increasing scrutiny due to the possible legal ramifications associated with the use of generative AI produced work. It is likely that the next few quarters will see a major explosion of activity in the space as companies look to transform activities like customer loyalty, marketing automation, back-office management, and chatbot type offerings. Generative AI is still very much an emerging tech area, with applicability across many different sectors and customer activities. During Q1’23, Google announced that it was integrating AI-powered writing features into Google Workspace 1, while Microsoft announced plans to integrate AI into its Microsoft 365 offerings 2. The large global tech giants were particularly quick to announce their own generative AI offerings. ![]() ![]() While this interest will likely take time to translate into additional investment, the excitement for the space was quite marked. In the wake of the immense buzz created by the release of ChatGBT by OpenAI, interest in generative AI grew significantly.
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