Silicon Valley has experienced a significant shift in sentiment due to the AI boom.
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Venture capitalists have invested over $11 billion in AI start-ups in May 2023, an 86 percent increase from the previous year.
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Companies like Moderna and Heinz have mentioned their AI initiatives in earnings calls, highlighting the growing importance of AI.
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Nvidia, an AI chipmaker, reached a market value of $1 trillion, indicating the rising demand for AI-related products.
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OpenAI's ChatGPT, released in November, played a significant role in sparking the AI gold rush by showcasing impressive generative AI capabilities.
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Tech giants like Microsoft and Google have integrated AI into their core products, increasing mentions of AI in earnings calls and conferences.
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Nvidia has experienced a surge in stock price and demand for its AI-related products and software.
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Optimism for AI-focused ventures has led to increased investments, surpassing the total invested in 2022, with around $12.5 billion invested in 2023 so far.