AI startups are facing a major challenge: they have ample funding but lack the necessary data. 💔 This could hinder their success.
According to experts, many companies have brilliant AI ideas but struggle to access the data required to build powerful applications. 🏔️
In today’s landscape, data is crucial for success. While model building has become standardized, the real value lies in quality data. 💡
Venture funding for generative AI startups has surged, reaching $12.7 billion in the first five months of 2023. However, obtaining training data sets, especially in finance and healthcare, has proven difficult.
To succeed, AI startups must address the data challenge through partnerships, data ownership solutions, and robust data security measures.
#AI #startups #datachallenge #generativeAI #datasecurity
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