ChatGPT Sparks AI Gold Rush; Niche Startups Also Strike It Rich
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ChatGPT's launch in late 2022 took the internet by storm, with over 20 million downloads in the U.S. by November 2023. This has sparked excitement and fear around AI.
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AI startups raised nearly $50 billion in 2023, with OpenAI raising $10 billion in January alone to advance generative AI like ChatGPT and DALL-E.
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While big tech focuses on general AI, startups like Baxus are targeting niche markets like alcohol trading.
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Baxus uses blockchain to enable peer-to-peer alcohol trading through a user-friendly platform.
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Cofounder Carrie Kellar enjoys being on the cutting edge of AI and saw opportunities to apply tech specifically to the alcohol industry.