If you like this newsletter, refer friends and family to win some 💰 prizes.🐸 Leapfrogging into the Future, The rise of the AI Engineer, and last week's 💰 money flow.Plus: Ai engineer courses, 🧰 tools
Hello Everyone 👋 We have a summary of M&As from last week, a learning corner full of courses to help you start your AI engineer career, and how AI will leapfrog archaic industries. Please like and let us know what you think in the comment section below.
👩💻 The Rise of AI Engineers and the Evolving LandscapeThe availability of Foundation Models and open source/APIs has triggered a significant shift in applied AI. Tasks that used to take years and a research team can now be accomplished with API documentation and a spare afternoon. This has given rise to the role of AI Engineer, which is expected to be in high demand in the coming years. AI Engineers leverage the capabilities of AI models to develop practical products quickly and cost-effectively. The field is expanding beyond Python-centric tools to cater to JavaScript developers as well. The re-emergence of human-written code and the integration of AI-generated code are shaping the evolution of AI Engineering. This presents both opportunities and challenges, leading to the emergence of numerous startups in the field. Below is our “Learning Corner” section, where we shared learning resources for AI Engineer’s aspirers. 🧰 AI Tools of the Day
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💰 AI Startups Make Waves with Major Acquisitions and Funding Rounds (Link)Last week was a huge statement for the growing value and interest in generative AI startups. By far this technology is very different from web3 and Crypto as there are unlimited use cases today for it. two major AI startups were acquired and three large AI funding rounds took place, generating excitement in the generative AI sector. MosaicML, a generative AI platform, was acquired by Databricks for $1.3 billion. Casetext, a legal technology company utilizing ChatGPT, was purchased by Thomson Reuters for $650 million. Inflection, an empathetic language model startup, raised $1.3 billion at a $4 billion valuation, with notable participants including Microsoft, Nvidia, Bill Gates, and Eric Schmidt. Runway, an AI-powered video editing company, secured $141 million in funding, while Typeface, an AI content creation company, raised $100 million. We are still early in the generative Ai space and we will continue to see mergers and acquisition of this size and many startups making waves. 📚 The Learning CornerLowtech helps you find great tools to make the most of AI, no coding or AI prompting knowledge required AI Engineers Resources and classes:
🐸 Leapfrogging into the Future: How AI is Transforming Traditional IndustriesAfrican countries rapidly adopted mobile payments, leapfrogging traditional credit cards. Similarly, AI has the potential to leapfrog legacy technologies in industries lacking "good enough" alternatives.
Sectors like agriculture, hospitality, legal, construction, and manufacturing, still relying on pen-and-paper processes, are ripe for AI leapfrogging. By delivering intuitive and instantly valuable AI solutions, generative AI can minimize the burden of digitization and enhance productivity. Companies, like Seso in agriculture and EvenUp in personal injury law, exemplify the power of AI leapfrogging. These opportunities, though rare, provide long-term defensibilities once established. The current window for AI leapfrogging is wide open and calls for swift action. 💪🏽 Important AI News and TrendsPlugged In is the free weekly newsletter to learn the latest on electric vehicles. Join readers from companies like Tesla, Toyota, BMW, and more.
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Perks 👊
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Monday, July 3, 2023
🐸 Leapfrogging into the Future, The rise of the AI Engineer, and last week's 💰 money flow.
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