Following the hype isn’t necessarily a bad thing
be an artifact Intelligence companies have become an everyday soup for start-ups. Companies are rushing to embed AI into their existing business models or change their marketing to bring to the fore and center what they were already quietly doing with AI. Y Combinator’s latest class is no exception.
Angel investor Gokul Rajaram murmured He recently heard from a company in the latest YC cohort that half the class is considering using chatGPT. Letters are currently being circulated asking AI researchers to pause development, and at his YC demo day next week, we decided to see if that worked out. It turns out it’s not that far after all.
According to accelerator Handy Online, 91 startups (34%) in the current YC class say they are AI companies or use AI in some way. databaseIf you narrow that down to generative AI, it’s 54, or 20%. Not nearly half, but still impressive when compared to past cohorts. Over the last few years, the highest number of companies using generative AI in a single YC class was 9, and that number rose to 44 when more general AI use is counted. Both numbers belong to a much larger class than the current one.
This is not particularly surprising.