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Meanwhile, Hebbia, a business analytics firm, drew $130 million in July.
Unfortunately, the rapid expansion of generative AI also brings challenges, particularly regarding energy consumption.
This demand risks straining global electricity and labour markets.
In response, major data center operators likeMicrosoft,Amazon, andGoogleareturning to nuclear energyto offset their environmental impact.
Despite these environmental and technical hurdles, investor interest in generative AI remains high.
ViaTechCrunch
