🕶️ AI Wearables are here!Plus: 📉 Is the AI Hype Over? 🧰 Productivity Tools, trends, and Follow the money.
Hi Everyone 🙏, Welcome to the 167+ new members. Is the AI Hype over? Startups are feeling the pinch, but some other tech companies are quickly developing AI wearables, a very tough space to conquer. We also share AI productivity tools and top trends. Let’s go right in:
“It is only when they go wrong that machines remind you how powerful they are.” -Clive James 💪🏽 Important AI News and Trends.
🌐 Web3 and Tech news.
📉 Is the AI Hype Over?In the AI startup scene, a reckoning is on the horizon, particularly for consumer apps and "thin wrapper" startups. Jasper, a once-promising player, has reduced its valuation by 20% and trimmed its 2023 revenue projections by at least 30%, signaling a broader trend of companies shifting from experimentation to practical use as investors grow wary of AI fatigue. The future is uncertain for these startups. Many of these startups use OpenAI's APIs to offer their services making them easy to compete with. Model developers, such as Adept AI Labs, raise substantial funding but face challenges in delivering on their ambitious goals. Consumer apps are risky, with examples like Lensa and Character.AI experiencing rapid shifts in popularity, and lots have to do with our increased expectations of AI apps.
Incumbents like OpenAI, expanding into hardware, pose challenges to their partners. ChatGPT disrupted Jasper's model by offering a free alternative. Despite these challenges, leadership changes and strategic shifts may offer hope, but the AI startup landscape remains turbulent.
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Ahead of its full launch on November 9th, startup Humane revealed its first AI device, the screenless wearable Ai Pin, through a collaboration with fashion house Coperni at Paris Fashion Week. The intelligent clothing-based device uses sensors for natural interactions, reflecting Humane's privacy-first vision with no always-on listening. It includes AI-powered optical recognition and a laser display, all on a Qualcomm platform, without needing a paired smartphone. Humane and Coperni aim to showcase the convergence of design, creativity, and technology. While full capabilities will be unveiled next month, the Ai Pin represents a new paradigm of ambient, AI-driven computing as an extension of our bodies. This is a tough space as many large tech corporations have failed to create a sleek, high-tech wearable that we will buy and well.. wear. Facebook’s wearables have failed, Microsoft’s did too, and this Pin may not look very appealing to many. What many of us agree with is that Apple’s iPhone designer Jony Ive chatting with OpenAI’s founder may give birth to the game changer in wearables we are all waiting for. We shall see… 🧰 AI Tools of the DayProductivity Tools.
💰 Follow the Money
📰 Publications I am currently reading and recommending:
Did you like the newsletter today?Login or Subscribe to participate in polls. Masterworks: Past performance is not indicative of future returns, Investing involves risk. See disclosures masterworks.com/cd 🚀 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. Disclaimer: We do not give financial advice. Everything we share is the result of our research and our opinions. Please do your own research and make conscious decisions.
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Monday, October 2, 2023
🕶️ AI Wearables are here!
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