AI Transforming Industries as Kleiner Perkins Bets Big on Startups Across Verticals
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AI is transforming numerous industries - over 80% of pitches Kleiner Perkins sees now involve AI in some way. They are very active investing in AI startups across verticals like legal, healthcare, engineering, etc.
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Talent scarcity is a major challenge - platform companies are luring talent with big compensation packages, but mission-driven AI startups tackling real-world problems also resonate.
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Together AI is a buzzy new investment - it's a platform for building custom AI models, with impressive traction already.
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An unnamed AI wearables startup by someone that would "make VCs salivate" is also in Kleiner Perkins' portfolio. Lots of activity trying to create the next big wearable computing platform.
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Figma was almost acquired by Adobe for $20 billion but will remain independent after the deal fell through. Kleiner Perkins still believes it's a "once-in-a-decade" type company.