If you like this newsletter, refer friends and family to win some 💰 prizes.💰 Two Months and $1.3B later and 🧠 Tech talent is in high demand, become one.Plus, 🧰 tools, Ai not so ai, resources, and trends.
Hey Team! 👋 More money, less problems. But definitely, is problematic to see more “Ai” companies without valuable apps looking to capitalize on the hype. Tech talent is in high demand and companies are willing to pay for it. We also have tools, courses, and the latest trends and news. Vamos…
💰 Two Months after launching Pi, Inflection gets $1.3B (link)Inflection AI, a startup backed by Microsoft, Nvidia, Reid Hoffman, Bill Gates, and Eric Schmidt, has raised $1.3 billion in new funding, just two months after launching its chatbot Pi.
The investment round values Inflection at $4 billion. The company claims to have the world's best AI hardware setup and plans to use the funding to expand its computing capabilities and further develop Pi. Inflection has deepened its ties with Microsoft and Nvidia, with Microsoft serving as its cloud computing partner and Nvidia assisting in the deployment of its flagship H100 GPU cluster. The startup aims to create the largest GPU cluster for AI applications in the world. Inflection's CEO, Mustafa Suleyman, stated that the company remains independent and has the liberty to pursue partnerships and commercial opportunities. I have personally tested Pi and found its user interface to be intuitive and the answers it provides to be impressive. It is my go-to app for simple queries and tasks, even before using Google or ChatGPT. However, for more complex tasks, ChatGPT still outperforms Pi. Nonetheless, this is just the beginning of Pi's potential in the personal assistant game. 🧰 AI Tools of the Day
🧠 The Battle for Tech Talent: The Race to Secure Top AI MindsEight AI Startups Winning the Race for Tech TalentGenerative AI has become a game-changer, and companies are fiercely competing to attract top talent in this field. OpenAI's ChatGPT, which allows natural language interactions with AI, has transformed the way humans interact with machines. However, building advanced language models and AI infrastructure requires specialized technical skills and expertise. Lightspeed, an investment firm, has conducted research to identify the AI companies that are leading in hiring top technical talent. They have categorized these companies into two groups: "The Generative Eight" and "The Next Gen."
"The Generative Eight," consisting of companies like TOME, CHARACTER.AI, ANTHROPIC, OPENAI, HUGGING FACE, JASPER, STABILITY AI, and MIDJOURNEY, have established themselves as leaders in hiring top-tier engineers and AI experts. These companies have secured funding and achieved some level of product-market fit. They are poised to shape the future of AI technology and become household names.
On the other hand, "The Next Gen" comprises companies such as PICTOR LABS, ENDPOINT HEALTH, OTTER.AI, BRIA, WELLSAID LABS, SUBTLE MEDICAL, COPY.AI, LEXION, YOU, OCTOML, and RUNWAY. These companies focus on applying AI to specific sectors or use cases and aim to deliver practical and tangible AI solutions. Seattle has emerged as a hub for AI talent, attracting skilled professionals from renowned tech companies and leading research institutions. The University of Washington, known for its Paul G. Allen School of Computer Science & Engineering, plays a significant role in nurturing AI talent. Overall, the demand for AI talent continues to rise, driven by the rapid advancements in generative AI and the potential it holds across various industries. The competition to hire the best talent remains fierce, and companies are striving to position themselves at the forefront of this technological revolution. 📚 The Learning Corner
⚠️ Beware as every company is, all of a sudden, an AI company.In 2017 the Long Island Iced Tea Corp. corporation rebranded as Long Blockchain Corp. as part of a corporate shift towards "exploration of and investment in opportunities that leverage the benefits of blockchain technology" and reported they were exploring blockchain-related acquisitions. Immediately after, its stock jumped 200%. As Ai continues to grow, there will be many more investors searching for the next unicorn to invest in and capitalize on the hype. We will see many cases similar to the Long Island Iced Tea Corp. where companies will add “Ai” to their name in order to capitalize on the hype. There are plenty of companies deploying immature and unfinished AI models in order to take advantage of investors hungry for action. We must be aware of and research the AI companies that are coming out to make sure we are not dealing with rushed startups looking for a payout. There will be great applications, great ai models, and many others that will do just anything just for a payday.
In the world of startup valuations, there is a clear divide between generative AI companies and all other startups. Pre-money valuations for early-stage rounds of generative AI companies have increased by 16% in 2023, while prices for other startups have dropped by nearly 24%. Some generative AI startups with no revenue can raise Series A rounds at valuations of around $250 million or even higher. However, non-AI companies face a different valuation environment, with lower multiples of annual recurring revenue (ARR). The pool of companies qualifying for Series A funding has been shrinking, as revenue growth becomes more challenging, and many companies are not considered ready for a Series A round. Overall, investors are evaluating generative AI companies based on their potential, while other startups are assessed based on their revenue performance. ❓Prompt of the Day
Improve upon this: [article/writings] I usually write my own articles and use this prompt followed by pasting the article to get a grammatically improved and worded article. Use this prompt for your writing, but make sure you read the output thoroughly prior to using it. 💪🏽 Important AI News and Trends
🚀 Showcase Your Innovation in the Premier Tech and AI Newsletter (link) As a vanguard in the realm of technology and artificial intelligence, we pride ourselves in delivering cutting-edge insights, AI tools, and in-depth coverage of emerging technologies to over 55,000+ tech CEOs, managers, programmers, entrepreneurs, and enthusiasts. Our readers represent the brightest minds from industry giants such as Tesla, OpenAI, Samsung, IBM, NVIDIA, and countless others. Explore sponsorship possibilities and elevate your brand's presence in the world of tech and AI. Learn more about partnering with us. You’re a free subscriber to Yaro’s Newsletter. For the full experience, become a paying subscriber.
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Friday, June 30, 2023
💰 Two Months and $1.3B later and 🧠 Tech talent is in high demand, become one.
Wednesday, June 28, 2023
🔊 Apple is not so quiet about AI, 💊 Drugs in Silicon Valley.
If you like this newsletter, refer friends and family to win some 💰 prizes.🔊 Apple is not so quiet about AI, 💊 Drugs in Silicon Valley.Also, 🎮 can we create video games with a prompt now? and tools & more Ai tools.
Hey Team! 👋 Today we bring you a report on “The economic impact of AI according to GitHub,” Drugs in Silicon Valley, Apple is not so quiet about Ai and can’t afford to be, and can we create video games from text prompts now? Lots to digest here…
💊 Is AI also accelerating drug use in Silicon Valley? (Link)The use of psychedelics, including ketamine, magic mushrooms, and LSD, has become a routine part of corporate culture in the tech industry. Executives and employees in Silicon Valley see these substances as gateways to business breakthroughs and enhanced creativity. Some tech executives, such as Elon Musk and Sergey Brin, have been reported to use these drugs. While some individuals use these substances for mental clarity or health reasons, others use them recreationally at parties and social events (invitation-only events, and sometimes involving NDAs), but it has raised concerns about liability and illegal activity for companies and their boards. The formal research conducted on psychedelics for mental health has also contributed to their popularity pushing investors to pour funds into companies involved in psychedelic research and trials. The psychedelic drug market is expected to reach $11.8 billion by 2029. However, there are risks associated with self-diagnosis and self-medication, and experts warn about potential abuse and self-destructive behavior. The use of psychedelics has expanded beyond Silicon Valley and has become more accepted in the tech industry. 🧰 AI Tools of the Day
🎮 Unity just Announce Muse, an AI assistant for Video Games.Unity is launching two new AI products: Unity Muse and Unity Sentis.
Muse is an AI platform that speeds up the creation of real-time 3D applications using natural inputs like text prompts and sketches. Muse Chat, a feature of Muse, offers AI-based search for Unity documentation. Sentis allows embedding AI models in the Unity Runtime, enhancing gameplay and functionality across platforms. Both products are in closed beta, with user feedback being important for further development. 📚 The Learning Corner
📈 The economic impact of the AI-powered developer lifecycle and lessons from GitHub Copilot (link)
❓Prompt of the Day
I want you to act as my friend. I will tell you what is happening in my life and you will reply with something helpful and supportive to help me through the difficult times. Do not write any explanations, just reply with advice/supportive words. My first request is “[Request].” 🔊 Apple is not so quiet about Ai anymore. (link)Apple has been granted a patent that explores the integration of machine learning (ML) technology into its Xcode app, potentially allowing it to automatically write code for developers. The ML capabilities could include auto-completion of code lines and bug checking, saving developers time. Apple envisions this feature as a way to remove barriers for new developers who may not be familiar with setting up ML models. The system would be integrated into Xcode, making it easily accessible for developers without the need for additional apps. While the success of Apple's AI code-writing bot is not guaranteed, the integration into Xcode could make it attractive to developers. 💪🏽 Important AI News and Trends
🚀 Showcase Your Innovation in the Premier Tech and AI Newsletter (link) As a vanguard in the realm of technology and artificial intelligence, we pride ourselves in delivering cutting-edge insights, AI tools, and in-depth coverage of emerging technologies to over 55,000+ tech CEOs, managers, programmers, entrepreneurs, and enthusiasts. Our readers represent the brightest minds from industry giants such as Tesla, OpenAI, Samsung, IBM, NVIDIA, and countless others. Explore sponsorship possibilities and elevate your brand's presence in the world of tech and AI. Learn more about partnering with us. You’re a free subscriber to Yaro’s Newsletter. For the full experience, become a paying subscriber.
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