👀 Will OpenAI Steamroll Startups?

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Plus: Grok 2 Beta coming soon

Read time: 5 minutes

What a good day!

Google doesn't earn much from selling devices, but new Android features might boost income through its Gemini AI subscription service. Is this part of a new strategy?

What are on FIRE 🔥

• 🔍 AI Dominates 2024's Billion-Dollar Startups

• 🌟 AI Highlights

• 💸 Daily AI Fundraising

• 📚 AI Sources From AI Fire

• 🏅 AI Tools

• ⚡ 5 AI Quick Hits

• 📊 AI Chart

• ✏️ AI Tutorial: Transform Image Scenes Using Krea AI

• 💼 4 AI Jobs

AI REPORT

🔍 AI Dominates 2024's Billion-Dollar Startups

The 2024 list of next billion-dollar startups is led by AI, despite a tight funding climate.

Key Takeaways:

• AI leads innovation in cybersecurity and logistics.

• Almost all featured startups raised funds within the last 12 months.

• Profitability remains a focus, reducing public offerings.

• Generative AI funding hit historic levels in 2023.

• AIY helps companies DIY with AI, driving further growth.

• Codeium raised $65 million, aiding self-hosted AI coding.

Why it matters: In recent years, startup investments have dwindled as investors prioritize profitability in slow markets. Despite this, the latest batch of potential billion-dollar startups successfully raised new funds, with nearly all securing investments in the past year. AI's continued influence is pivotal as it reshapes major industries, supports self-hosted applications, and drives next-generation AI solutions, marking a transformative era in tech.

TODAY IN AI

AI HIGHLIGHTS

🌐 Elon Musk's X faces 9 EU privacy complaints for using user data to train Grok AI without consent, violating GDPR rules.

📱 Google launches Gemini AI-powered Android update and Pixel 9 phones, offering natural language interaction and complex task completion across supported devices.

🔍 Consensus founder explains how AI startups like his Google Scholar-ChatGPT hybrid can succeed despite OpenAI ‘steamroll’.

👅 Iraqi-Australian researchers develop AI algorithm with 98% accuracy in detecting diseases by analyzing tongue color, mimicking Chinese medicine practice.

✔️ OpenAI released a new iteration of SWE-bench, in collaboration with the original authors, to more reliably evaluate AI models on their ability to solve real-world software issues.

DAILY AI FUNDRAISING

Bering Lab, a South Korean legal AI translation startup, raised USD 2.3M in pre-Series A funding to expand globally and enhance service offerings.

AI SOURCES FROM AI FIRE

To develop sustainably with the power of AI, strict regulation is a must. Humans must be in control, not tools of AI one day. The opinion of ab***@gmail.com is undeniable. Congratulations to this week's winner.

NEW EMPOWERED AI TOOLS

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2. ⭐ Jupitrr AI is auto-generate B-roll visuals for content marketing videos

3. 🎁 Upmetrics plans, launchs, and grows your business

4. 👀 Quickchat AI is multilingual AI assistants trained on your data

5. ✅ Fanfuel is an AI copilot that can handle scripts, thumbnails, and analytics for your YouTube videos.

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AI QUICK HITS

1. 📉 CRM is dying, AI rescue can't come fast enough (Link)

2. 🤖 Grok, xAI’s ChatGPT rival, enters beta mode soon, says Elon Musk (Link)

3. 🏢 ANZ opens unique AI Immersion Centre with Microsoft (Link)

4. 🚀 Falcon Mamba-7B: The first strong attention-free 7B model (Link)

5. 🔬 The AI Scientist: Fully automated scientific discovery (Link)

AI CHART

Price update for AI models - big discounts from GoogleAI and OpenAI are reshaping the market

GoogleAI has reduced the prices of Gemini Flash by about 70%, now only $0.075/$0.3 per 1 million input/output tokens.

Last week, OpenAI cut the prices for GPT-4o by about 40%, marking the release of gpt-4o-2024-08-06.

These models are now much more appealing, as shown by the large purple arrows in the chart!

Developers using Gemini Flash's 1 million token context should remember that Google still charges more for larger prompts over 128K tokens, now at $0.15/$0.6 per 1 million input/output tokens.

AI TUTORIAL

Transform Image Scenes Using Krea AI

1. Visit Krea AI and sign in with your account.

2. At the top, click on "Enhance" and upload your reference image.

3. Select "Scene transfer" from the left tab and turn it on.

4. Either upload your reference image under "Scene Image" or describe the scene in the "Scene Prompt" box and click "Enhance."

5. Wait a bit, and the scene in your uploaded picture will be changed.

6. Download the new image and share it with your friends.

Get more AI tutorials →

AI JOBS

• Akkodis: Senior AI Engineer (Link)

• Nicoll Curtin: AI / ML Engineering Lead, Director Level (Link)

• JPMorgan Chase & Co.: Applied AI / ML Lead (Link)

• Citibank, N.A. United Kingdom: Generative AI Risk & Control Officer - VP - Belfast (Link)

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