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When GPT-3 burst on the education scene, it caused a flood of reactions, ranging from gleeful to apocalyptic. But more than that, it unlocked money. In 2023, generative AI claimed businesses in the U.S. and Canada claimed almost 45 percent of all private equity-backed investments, by one estimate, with an eye-popping value of $2.18 billion when much of the rest of the deals in that world were declining.
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