AI startup funding was CRAZY today 💵

- Cortica raises a $40M Series D

- rabbit raises a $20M Series A

- Vayu Robotics raises a $12.7M Series A

- Move AI raises a $10M Seed

- Induced AI raises a $2.3M Seed

Want to know what they do? 🧵

Amount: $40M 🎉

Round: Series D

Investor: CVS Health Ventures, LRVHealth

Quick Intro 👉 Cortica’s mission is to design and deliver life-changing care - one child, one family, one community at a time.

🚨 rabbit

Amount: $20M 🎉

Round: Series A

Investor: Khosla Ventures

Quick Intro 👉 Rabbit is building a custom, AI-powered UI layer designed to sit between a user and any operating system.

@VayuRobotics

Amount: $12.7M 🎉

Round: Seed

Investor: Khosla Ventures

Quick Intro 👉 Building the foundation model for robotics – the next gen of AI to power perception and motion. They envision intelligent systems will advance safe and sustainable human productivity.

@MoveAI_

Amount: $10M 🎉

Round: Seed

Investor: Warner Music Group

Quick Intro 👉 Move AI’s mission is to empower millions of creators by harnessing the potential of generative AI to digitize movement and democratize animation at scale.

@InducedAI

Amount: $2.3M 🎉

Round: Seed

Investor: Sam Altman, Peak XV Partners

Quick Intro 👉 Induced AI offers an AI-based native browser robotic process automation (RPA) platform.

https://x.com/chiefaioffice/status/1709675847769096598?s=46&t=h5Byg6Wosg8MJb4pbPSDow

장안의 화제 논문 “GPT-4V(ision)을 디벼보자 - The Dawn of LMMs: Preliminary Explorations with GPT-4V(ision)”

GPT-4V의 이미지 이해 능력이 어디까지 가능한지를 탐구한 논문인데요.

ChatGPT가 처음 나왔을 때 정도의 충격입니다. 이미지 판별, 디텍팅, OCR은 물론이고 X-Ray 분석과 밈의 이해와 설명까지합니다.

핵심은 기존의 모든 이미지와 관련된 AI 모델의 능력을 GPT-4V 하나가 전부 발휘하고 있다는 것인데요. GPT-3가 기존의 모든 자연어와 관련된 AI 모델의 능력을 전부 하나의 모델로 가능하게 된 상황과 같습니다.

100가지의 능력을 하나의 모델로 가능하게 되었을 때 단순히 100배의 능력이 발휘되는 것이 아니라, 능력이 기하급수적으로 점프하여 10,000배 이상의 능력을 발휘 할 수 있게 되었다는 것이 핵심이라고 봅니다.

즉, GPT-3로 인해 AI 기술과 업계가 완전히 바뀐 것과 같은 상황이 다시 온 것이라고 봐도 무방할 것 같습니다. (아직은 개별 비전 태스크의 성능의 수준면에서 보면 GPT-3.5 수준 정도로 생각됩니다만, Vision이 GPT-4 수준으로 올라오는 것은 시간문제겠죠.)

안보신 분들은 꼭 한 번 보시기 바랍니다. 이미지만 봐도 어떤 일들이 가능한지와 앞으로 발전하게 될 모습을 충분히 알 수 있습니다.

https://arxiv.org/abs/2309.17421

Brian Balfour is the founder and CEO of Reforge, former VP of Growth at HubSpot, and co-founder of three other startups.

I've been looking forward to having Brian on the pod for quite a while, and so instead of talking through the typical growth loops and product frameworks, we made this a very special and unique episode. Brian dug through a Notion doc he keeps of lessons he's learned from his career and life (which includes over 100!), and chose ten of the most important and meaningful to share.

Here's a peek:
▫️ Lesson 1: Inspect the work, not the person.
▫️ Lesson 2: Tell me what it takes to win; then tell me the cost.
▫️ Lesson 3: Problems never end (and that’s okay).
▫️ Lesson 4: The year is made in the first six months.
▫️ Lesson 5: Growth is a system between acquisition, retention, and monetization. Change one and you affect them all.
• Lesson 6: Do the opposite.
• Lesson 7: Use cases, not personas.
• Lesson 8: Solving for everyone is solving for no one.
• Lesson 9: Find sparring partners, not mentors or coaches.
• Lesson 10: 2x+ the activation energy for things that need to change

I found this conversation incredibly informative and inspiring, and I know you will too.

Listen now 👇

YouTube: https://lnkd.in/gX29QbFA

I gave a talk at Seoul National University.

I noscriptd the talk “Large Language Models (in 2023)”. This was an ambitious attempt to summarize our exploding field.

Video: https://youtu.be/dbo3kNKPaUA
Slides: https://docs.google.com/presentation/d/1636wKStYdT_yRPbJNrf8MLKpQghuWGDmyHinHhAKeXY/edit?usp=sharing

Trying to summarize the field forced me to think about what really matters in the field. While scaling undeniably stands out, its far-reaching implications are more nuanced. I share my thoughts on scaling from three angles:

1) Change in perspective is necessary because some abilities only emerge at a certain scale. Even if some abilities don’t work with the current generation LLMs, we should not claim that it doesn’t work. Rather, we should think it doesn’t work yet. Once larger models are available many conclusions change.

This also means that some conclusions from the past are invalidated and we need to constantly unlearn intuitions built on top of such ideas.

2) From first-principles, scaling up the Transformer amounts to efficiently doing matrix multiplications with many, many machines. I see many researchers in the field of LLM who are not familiar with how scaling is actually done. This section is targeted for technical audiences who want to understand what it means to train large models.

3) I talk about what we should think about for further scaling (think 10000x GPT-4 scale). To me scaling isn’t just doing the same thing with more machines. It entails finding the inductive bias that is the bottleneck in further scaling.

I believe that the maximum likelihood objective function is the bottleneck in achieving the scale of 10000x GPT-4 level. Learning the objective function with an expressive neural net is the next paradigm that is a lot more scalable. With the compute cost going down exponentially, scalable methods eventually win. Don’t compete with that.

In all of these sections, I strive to describe everything from first-principles. In an extremely fast moving field like LLM, no one can keep up. I believe that understanding the core ideas by deriving from first-principles is the only scalable approach.

London-based autone (YC S22) has raised $4.5M (~€4.27M) in seed funding to help business maximize their growth through data-driven inventory optimization.

Today, retailers have to make 1000s of complex operational decisions every day, all impacting their bottom line. This problem is being currently tackled with Excel or legacy systems, both of which no longer fit for purpose.

Founded by Adil Bouhdadi and Harry Glucksmann Cheslaw, two business scientists with over a decade of experience building successful data-driven supply chains at places like Kering and LVMH, autone is a platform that lets retailers make optimal decisions, easily and quickly. It ingests a retailer's data, generates recommendations, and then allows users to approve a given action.

Autone covers topics including product pricing, inventory replenishment, and re-ordering with the goal of covering all operational processes.

Congrats to the team on the seed!

https://twitter.com/AlexReibman/status/1710160221719654421

For one day only, Lightspeed Venture Partners invited San Francisco’s top AI entrepreneurs to showcase what’s possible with AI

Live product and raw code only. No bullshit.

Here are the top demos from the
@cerebral_valley
x
@lightspeedvp
AI coworking day (🧵)

I bought a couple of Chinese microphones, I wear them and turn them on all day recording everything I speak, at the end of the day the files are processed with OpenAi’s Whisper and transformed into text files from which the information is extracted.

Since the early days of the iPhone and Android, the smartphone has reigned supreme. Now, entrepreneurs and tech giants are racing to deliver AI in new devices and gadgets to challenge the dominant device.

Companies race to make AI you can wear

https://www.axios.com/2023/10/04/ai-wearables-meta-humane-tab-rewind?utm_campaign=editorial&utm_source=twitter&utm_medium=social

https://flair.ai/
커머스에서 사용하는 디자인들을 쉽게 사용할 수 있게 도와주는 AI Tool인데 백만 유저가 넘었다고 하네요.
https://twitter.com/i/status/1708340444546109820

Today we're officially opening applications for Llama Impact Grants.

Full details & application ➡️ https://bit.ly/45lqz7z

From now until November 15, organizations across the globe can submit proposals for how they'd like to utilize Llama 2 to address challenges across three different tracks: education, environment & open innovation. The goal of the program is to identify and support the most compelling applications of Llama 2 for societal benefit.

Following a two-phase proposal review process, three $500,000 grants will be awarded to winning teams to implement their solutions.

We can't wait to see what you'll build!

Last week, Canva hit 150 million monthly active users, according to an internal investor deck viewed by The Information—a 50% jump over the 100 million MAUs it reported last October. While the vast majority of users opt for Canva’s free tools, the number of paying users is growing rapidly as well, up 60% from last year to 16 million. The company now has $1.7 billion in annualized revenue and a cash balance of $800 million; it claims to have been profitable for the last six years. Though Canva’s valuation was slashed to $25.5 billion earlier this year, down from $40 billion in September 2021, Perkins expresses unbridled confidence in its future. “We’re in a very strong position,” she said. “People are turning to Canva, not away, in times of economic uncertainty.”

In keeping with the times, the company this week debuted a suite of artificial intelligence products. Some AI-powered features, like a background remover and text generator, have existed on Canva for several years. But those offerings have now been joined by Magic Studio, a collection of AI-powered design tools that work in concert.

The new features include Magic Media, an AI image and video generator powered by generative AI company Runway’s Gen-2 model; Magic Switch, a tool to automatically convert a document’s design style or translate it into another language; Magic Write, a text generator powered by OpenAI’s Chat GPT; and Brand Voice, a text generator that can produce a specific tone. Other outside tools, like OpenAI’s Dall-E 2 and Google Cloud’s Imagen, can be accessed within Canva’s app directory. The company is also launching a Creator Compensation Program, in which Canva will pay creators who consent to allowing use of their photos to train generative AI models.

https://www.canva.com/design/DACsLMTGKb8/view#1

It was a 16-slide presentation deck, Hearnden recalled: “A simple story, made of photos woven together with a few words on each. It reinforced for me that these were exactly the kind of people I knew I wanted to work with—talented, driven, visionary, deeply committed but mixed with a healthy dose of cheek and the bizarre.”

Here’s How FTX Executives Secretly Spent $8 Billion in Customer Money https://www.wsj.com/finance/regulation/sbf-trial-ftx-customer-money-missing-6ba13914?reflink=integratedwebview_share