Fourteen former Google employees are leading a wave of AI startups valued at a staggering $71.61 billion, surpassing even the legendary PayPal Mafia. This new powerhouse, dubbed the ‘Google Mafia,’ is reshaping the AI landscape with groundbreaking innovations and massive funding.
Generative AI startups are attracting a massive share of venture capital investments in the cloud sector, reaching 40% of all funding. This surge, fueled by the hype around AI, is driving a significant growth in the cloud industry and fueling a race for tech dominance among giants like Microsoft, Nvidia, and Apple. However, experts caution that macroeconomic and geopolitical risks could impact the future of the cloud market.
SuperAI, the centerpiece event of Singapore AI Week, made its global debut on June 5-6 at Marina Bay Sands, marking Asia’s largest AI gathering of the year. The event brought together international industry leaders in AI, offering unparalleled networking opportunities and showcasing the next generation of AI technologies through workshops, meetups, hackathons, and industry gatherings held daily across the city. SuperAI also announced the launch of Genesis, a premier AI startup competition that received over 700 applications. Genesis featured 10 shortlisted contenders who vied to impress attendees and a panel of esteemed venture capitalists. Powered by Amazon Web Services, Genesis showcased groundbreaking AI innovations.
