{
  "docId": "019dd923-5e88-73ef-bd5d-06b04d219fea",
  "docSlug": "dd91c78f6570bf29",
  "documentTitle": "2023 Air Street Capital The State of AI Report 2023",
  "authorId": "AirStreetCapital",
  "authorName": "Air Street Capital",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "vc_research",
  "sourceTypeLabel": "VC research",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.777,
  "pageNumber": 117,
  "pageCount": 163,
  "prevPage": 116,
  "nextPage": 118,
  "slideType": "industry_trends",
  "function": "quantify_impact",
  "density": "dense",
  "nDataPoints": 8,
  "notes": "The chart illustrates the shift toward massive capital requirements for AI model training, with a specific callout to CoreWeave's debt financing model.",
  "elementsJson": [
    "headline_text",
    "paragraph",
    "bar_chart_stacked",
    "logo_grid"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd5d-06b04d219fea/117",
  "deckHref": "/decks/019dd923-5e88-73ef-bd5d-06b04d219fea",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd5d-06b04d219fea.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd5d-06b04d219fea#slide-117",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "Mega rounds capture the headlines and are driven by “foundation” or “frontier” model companies selling equity dollars to purchase cloud computing capacity to train large-scale systems.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-47c4-7719-a22b-e83354a872ee",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.52,
        "x": 0.24,
        "y": 0.4
      },
      "kind": "chart",
      "text": "Generative AI VC investment by stage",
      "attrs": null,
      "subkind": "bar-stacked",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "44b37fd6-460d-45f1-99fc-b206e05be2cc",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "VC Investment: $18B",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-47c4-7719-a22b-ee9ac5a6fb01",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.96,
        "x": 0.02,
        "y": 0.22
      },
      "kind": "paragraph",
      "text": "Mega rounds capture the headlines and are driven by “foundation” or “frontier” model companies selling equity dollars to purchase cloud computing capacity to train large-scale systems. This trend might finally see a break: CoreWeave raised a $2.3B debt facility (instead of equity) to buy its GPUs.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "61cbf993-4271-4c93-aa0c-b7ea08a48789",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.15,
        "x": 0.16,
        "y": 0.94
      },
      "kind": "source-note",
      "text": "Data as of 2 Oct 2023",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "5e997eea-8192-4c97-bbae-f6c0905ce8d8",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.75,
        "x": 0.02,
        "y": 0.14
      },
      "kind": "title",
      "text": "Check out those GenAI round (GPU bills) sizes: $18B invested in 2023 alone!",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7c106e72-a338-44be-b558-6ee1be45d0ef",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Waterfall chart",
      "slug": "waterfall-chart",
      "agent": null,
      "layer": "slide",
      "matchId": "14a394c8-ea28-43e8-819b-a7a13811f277",
      "evidence": "The slide features a stacked bar chart showing Generative AI VC investment by stage, which resembles a waterfall chart.",
      "confidence": 0.7
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 120,
      "from": 11,
      "beatId": "019dd95a-0682-776c-8e35-41afd44ef59f",
      "arcName": "The Triple Take",
      "arcSlug": "triple-take",
      "beatName": "The Facts (What)",
      "beatSlug": "triple-take-the-facts-what",
      "evidence": "Research + Industry sections inventory model, compute, funding facts.",
      "position": 1,
      "confidence": 78,
      "parentBeatName": "Setup",
      "parentBeatSlug": "setup"
    },
    {
      "to": 120,
      "from": 11,
      "beatId": "019dd95a-0682-776c-8e35-523bfb7f96e6",
      "arcName": "The Mountain",
      "arcSlug": "mountain",
      "beatName": "Rising Action",
      "beatSlug": "mountain-rising-action",
      "evidence": "Escalating capabilities, compute concentration and capital flows.",
      "position": 2,
      "confidence": 45,
      "parentBeatName": "Development",
      "parentBeatSlug": "development"
    }
  ],
  "loops": [
    {
      "to": 120,
      "from": 99,
      "name": "Pattern Hunter",
      "slug": "02-pattern-hunter",
      "bestFor": "Time-pressed audiences, building consensus, when data is strong",
      "matchId": "019dd95a-07fe-70ce-8d3e-09a2221c6f1a",
      "evidence": "Funding, valuations, geo split, unicorns, sector mix, M&A, CVC, GenAI rounds compound the same thesis.",
      "position": 11,
      "objective": "Map the GenAI investment surge across stages, geos and corporates",
      "structure": "Evidence A -> Evidence B -> Evidence C -> Pattern/Conclusion",
      "confidence": 80,
      "description": "Group multiple pieces of evidence that together point to a pattern or conclusion"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}