AI startups require new strategies

PLus: Check these AI tools

Here's a quick look at today's AI briefing

The typical dynamics between startups and incumbents that applied in previous technology revolutions like mobile and the Internet do not apply in AI. Incumbents are spending historic amounts of money and time embracing AI technology - they have the data, talent, and funding. There isn't really an 'AI market' - the market for chatbots and SEO tools is the same as before, just with more competition. AI startups that don't embrace this reality will likely fail.

Elon Musk is suing OpenAI and its CEO Sam Altman, among others, claiming that they abandoned the company's founding mission to develop artificial intelligence for the benefit of humanity. Musk, one of the co-founders of OpenAI, stepped down from the firm's board in 2018. The lawsuit alleges that OpenAI's focus on maximizing profits for Microsoft breaks its agreement to ensure that AGI benefits all of humanity. Its aim is to compel OpenAI to adhere to the Founding Agreement and return to its mission to develop AGI for the benefit of humanity.

Other News

  • Google will soon launch an update to improve websites' rankings in search results, including efforts to address "low-quality AI-generated content," a spokesperson said. Google is updating its algorithms to improve search quality by filtering out low-quality, spammy, and/or automated content, with changes set to roll out in May.

  • U.S. chipmaker AMD will need an export license to sell its AI chip specifically made for Chinese customers, according to Bloomberg. While AMD sought approval from the U.S. Commerce Department for the chip, regulators decided it would still need an export license.

  • At least 17 Chinese cities are offering "computing vouchers" to AI startups to help them offset rising data center costs amid an AI chip shortage, according to the Financial Times. The startups can use the vouchers, valued at $140,000 to $280,000, at AI data centers to develop and run large language models.

  • Alibaba is spearheading a funding round of at least $600M for Chinese AI startup MiniMax, valuing the two-year-old company at over $2.5B, Bloomberg reported. MiniMax, founded in 2021 by former SenseTime employees, specializes in creating AI companions and virtual characters for social AI experiences.

  • AI startup Anthropic released three new AI models for its Claude 3 product family: Haiku, Sonnet, and Opus. Opus is the most powerful model in the lineup, with Anthropic claiming that it beats OpenAI's ChatGPT and GPT-4 and Google's Gemini 1.0 Ultra in benchmarking tests. Claude 3 is Anthropic's first multimodal generative AI product, which can analyze text and images. 

🔥Newsletter Spotlight

Crypto Pragmatist's - Subscribe

Techpresso's - Subscribe

Ticker Tea's - Subscribe

TLDR - Subscribe

Daily Income Trader - Subscribe

💻 Mastery tools of the day

  • Just words - Optimize your product's copy for user growth

  • Simply News - Just the news. Run entirely by a team of AIs

  • Structify - Human-quality data with superhuman speeds

  • Listener.fm - Perfect your podcast with AI-driven post-production

  • Focal - AI movie studio. Books & screenplay turned into movies

  • Anytalk - Real-time app translating video and audio streams into different languages

  • Dataku - Smart data extraction helper powered by AI

💡What else are we reading and seeing?

  • Nvidia CEO says AI could pass human tests in five years

  • Apple picks a better road to AI dominance

  • A Few Social Media Influencers Are Shaping AI

  • Jeff Bezos dethrones Elon Musk to become richest person on earth 

  • Meta’s Facebook, Instagram down for tens of thousands

  • Sergey Brin says Google messed up with Gemini launch

Thanks for Reading