Investors are going nuts for ChatGPT-ish artificial intelligence

ChatGPT and its fellow chatbots may be much talked about (and talked to: ChatGPT may now have more than 100m users). But Mr Tossell's newsletter hints that the real action in generative AI is increasingly in all manner of less chatty services enabled by foundation models. Each model is trained on reams of text, images, sound files or any other heap of data. This allows them to interpret, react to and create statements in natural language, as well as art, music and any other type of content you find on the internet. Even as the venture-capital (VC) industry nurses a giant hangover after the recent tech crash put paid to a bubbly couple of years, entrepreneurs experimenting with generative AI have no trouble attracting investments.