While ChatGPT kicked off the boom in generative artificial intelligence, developers are now moving on to more powerful tools: AI agents.
Generative AI exploded in 2023, with $29.1 billion invested across nearly 700 deals, a more than 260% increase in deal value from a year earlier, according to PitchBook. Meanwhile, the non-AI investing landscape has been in an extended lull for well over two years following record financings during the Covid pandemic.
In Google’s demo video, the assistant, using video and audio, was able to help the user remember where they left their glasses, review code and answer questions about an object that it was shown. It's just a prototype for now, but Alphabet CEOa similar audio back-and-forth conversation with ChatGPT, positioning it more as an AI assistant that can function as a conversationalist, language translator, math tutor and co-writer of code.
While the line between an AI coding tool and a true AI agent is blurry, most experts who spoke with CNBC said the defining characteristic of an agent is that it goes well beyond a single use case and starts to approach an all-capable personal assistant. "We think agentic AI, which can self-direct towards achieving tasks, will be the tools that unlock the value of GenAI for everyday users," Havemeyer wrote.
"People talk about how the VC market is down in general," Carmichael-Jack said. "But for us it's like 2021 in AI startups.”
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