人工智能投资现状——Edda人工智能研讨会，巴黎

AI SymposiumBibliothèque Nationale de FranceParis, 6th of May 2024 1State of global AI investing2Nine battlegrounds in AI3Europe, France, Japan The third big wave of AI investing. On track for $65billion to beinvested in 2024. 20% of all VCinvestment goesAI-first companies. This percentage hasnever been this high. Most Generative AIcompanies are in theapplication layer Most investment goes to foundational layer startups (who in turn use those fundslargely to buy capacity from incumbents in the computing layer). Computing layer: Nvidia revenues exploding, but new players emerging. AI chipsGroq (LPU) Google's TPU (available through GoogleCloud, developed by Groq founder)HabanaGraphcoreCerebras50+ other companies » Energy efficient / high performanceVaire Computing (reversible computing) Extropic (thermal computing)SiPearlInnolight TechnologyImmediaPA SemiSyntiant (Microsoft & Amazon backed)4 companies backed by M7» QuantumQuantinuumPsiQuantumIQMPasqal±300 other companies » So far, the compute layer makes ~90% of all Gen AI profits. Four hyperscalersare dominating AIinvesting. A combined $240billion annual R&Dbudget of theMagnificentSeven. … which could grow to 19% of nationalpower usage in the US, by 2030. Capital is virtually unlimited, but energyisn't (yet). Massive power demands ... 1State of global AI investing2Nine battlegrounds in AI3Europe, France, Japan Mega opportunities in Applied AI. Mobile devices duopoly: a gateway for Autonomous Agents which couldexponentially grow the value pool beyond today's measly $400B. Ambient← →Immersive 5Bsmartphone users globally 1.2B unitssoldeach yearTotal annual revenue of$400Bofwhich Apple$200B /Samsung$80B Health & fitness100M Apple Watch users +200K Vision Pro sold+6K Magic Leap sold+20M Quest sold+300K Meta Ray Ban sold+50 other companies » 40M Fitbit usersSamsung Ring (to be released)+600 other companies » Brain computer interfaceNeuralinkMindmaze+50 other companies » AI-first devices(& ambientcomputing)100K Rabbit R1 units sold100K Humane units sold150M Amazon Echo users+40 other companies » Online advertising funnel: $600 billion duopoly could be upended by LLMs. Software Cloud: a $600B+ market of which $300B SaaS aan $270B Cloud Infrastructure. Sales cloudSalesforce $35B ARRHubSpot $2.6B ARRmore companies» Data cloudSnowflake $2.8B ARRDatabricks $1.6B ARR (Amazon & Nvidia)more companies» Security cloudPalo Alto $8.0B ARR Crowdstrike $3.1B ARROkta $2.3B ARRWiz $455M ARRSnyk $210M ARRDarktrace $680M ARRmore companies » Azure AI $4B ARR (Microsoft)CoreWeave $2B ARR (Nvidia backed)Lambda Labs $250M ARRDenvr DataworksApplied Digital $150Mmore companies» Developer cloudElastic $1.3B ARR Cloudflare $1.7B ARRGitHub (Microsoft) $1B ARRGitlab $580M ARRReplit $35M ARRmore companies » Distributed & privacy-enhancedcomputingGensynDecentriqOasis LabsDynamoFLLandscape » $5T mobility market: electrification and autonomy. Top mobility players by market cap ▊Tech first Self driving 5M Tesla users (Level 2)10K Waymo rides / week (Level4)Cruise (Level 4, on hold)WayveZoox (Amazon owned)Aurora (Uber backed)AutoXMay Mobility … while a growing numbers of startups arenow entering the $2.5T defense sector. In Aerospace & Defense, SpaceX and Airbusare the two most valuable companies ... Techbio startups are now working on every phase of drug development, to make itfaster, cheaper and more effective – an $800 billion market. Limitless (clean) energy will be key driver and competitive advantage. Selected energy companies by valuation Solar & wind Fission * Amazon, Google, Microsoft, andMeta have already invested inhundreds of solar and wind powerprojects to power their expandingdata center portfolios. Google hasreached 100% renewable energypurchasing in 2017, while Amazonis now the largest corporatebacker of renewable energy, withmore than 500 projects on itsbalance sheet, representing77,000 gigawatt-hours annuallywhen fully operational.+ SolarCity (acquired by Tesla)and other 9 companies backed byM7. TerraPower (Bill Gates backed)NewcleoOkloSHINE Technologies30+ other companies »* Amazon acquired acquired 960 MWnuclear-powered data center Geothermal Fervo Energy (Bill Gates backed,Google*)Baseload Capital (Bill Gates backed)Eavor Energy (Microsoft backed) 100+ other companies »*Google is helping Fervo Energy develop its first of a kind enhanced geothermalplant to power its data centers. Fusion CommonWealth (Google backed)TAE (Google, Amazon backed)2 companies backed by M7» Industry is a third of global economy, looking to decentralize. 1State of global AI investing2Nine battlegrounds in AI3Europe, France, Japan The US invest 3x more in AI than Europe, and nearly 10x more in GenAI. VC investment in AI companies by destination (2023-2024) Europe is relatively strong in Ops, Robotics and AI Drug Discovery. And yet, 11 ofthe top 20scientific techclusters are inEurope. The UK, France andGermany raisedthe most in Europein 202