Generative AI Sector Booms with Lucrative Opportunities, Though Risks and Compliance Needs Remain
• Lucrative sector with companies like OpenAI seeing massive growth and revenue through APIs, partnerships, etc.
• Small teams building niche models and tools, like Midjourney for image generation and Pika Labs for video, also seeing high valuations
• Still opportunities for new generative AI businesses, especially in software development and customer-facing areas
• Risks remain around mistakes from AI systems and need for legal compliance frameworks
• Developers must consider differentiating AI-generated content and ensuring reliability for high-risk scenarios