Despite the banking crisis that has been shaking up Silicon Valley this March, the hype cycle in generative AI continues unabated. There is a growing consumer and enterprise appetite for the technology, interest in which has exploded since the November 2022 release of the ChatGPT application by OpenAI, combined with a growing shortage of knowledge workers, that could result in substantial unrealized revenue. As a result, more and more companies are jumping on board. And with all this buzz, there is an even greater interest on the part of investors, who are looking to position themselves ahead of each new wave of development. Meanwhile, consumer advocates and regulators are pushing for increased protection of intellectual property and personal privacy.

In this post, we explore how we get to this point, why the time for generative AI is now, the impact on the entrepreneurial system, where dollars are being deployed, and where are we going next.