‘Read through the noise’: Investors try to keep pace with AI

Two years into the generative artificial intelligence (GenAI) era, it’s harder than ever for venture capitalists to spot winners in a rapidly changing competitive landscape.

“This is a once in a generation opportunity” for investors, Sapphire Ventures president Jai Das said, during a panel at the HumanX AI conference in Las Vegas.

A huge chunk of venture capitalist money has funded companies crafting large language models (LLMs), the software engines running AI tools like ChatGPT.