Corporate VCs Ride AI Startup Wave

Generative artificial intelligence is all the rage in startup-land, and corporate venture capital investors don't want to be left out. From a report: A small but growing number of companies' venture arms are rolling out efforts, in various forms, that are focused on investing in the current AI startup boom. Generative AI and large language models are getting a lot of attention for their potential to automate many business tasks, big and small. 'From an enterprise perspective, more than two-thirds of leaders are trying to prioritize generative AI,' Paul Drews, managing partner at Salesforce Ventures, tells Axios. Of the 44 startups Workday Ventures has backed, about 25% are already using tech developed by OpenAI, according to managing director Barbry McGann. She adds it's because the AI company's tools are so 'enterprise-ready,' making it easy for business software makers to quickly integrate the tech.

Read more of this story at Slashdot.