the venture capitalist In the business of predicting the next big thing, even if you get burned in the process. 2021 saw everyone jumping into cryptocurrency, and despite multiple setbacks this year, many remained bullish about its future, but 2022 will see the rise of generative AI. I was.
However, as with any revolutionary new technology, increased adoption is always accompanied by hype. Generative AI is getting so much attention and funding that many VCs feel that the already budding sector will be the next bubble.
TechCrunch recently polled more than 35 investors operating across geographies, investment stages and sectors to find out how they feel about the coming year. One of our questions asked for predictions of where the next bubble will be, and nearly half of those surveyed mentioned generative AI.
While some investors said they were bullish on the new technology as a whole, they also acknowledged that the sector is likely to get lost in its own hype.
Don Butler, managing director of Thomvest Ventures, believes the bubble is already here. “We believe that due to the applicability of AI to so many use cases, so many startups will be funded in this space. That’s why we think the next big bubble is already expanding in this area,” he said.
The popularity of consumer tools such as ChatGPT, DALL-E and Lensa AI has skyrocketed in and out of the tech community, and this is not surprising given how the field has boomed in recent times.
