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😺 David vs. Goliath

😺 David vs. Goliath

PLUS: Goldman is bullish on AI

Noah Edelman & Pete Huang
March 29, 2023

Welcome, humans.

Don't know what's harder: keeping up with AI or keeping up with the Kardashians. Either way, we're hooked.

Here’s what’s going on in the world of AI today:

🌎 FAAMG vs. OpenAI vs. The World
📈 Goldman is optimistic about AI
🧑‍✈️ Microsoft introduces Security Copilot
💰 Which startups secured the bag this week

Big Tech vs. The Field 🚣

The AI race is heating up, as Big Tech rushes to dominate market share before emerging startups can claim their piece of the pie.

Even in the world labor market since '08, big tech has been on a hiring spree, adding thousands of AI specialists this year to develop AI internally.
They're also flexing their wallets, pouring billions of dollars into constructing enormous AI models that necessitate nine-figure investments in storage and data.

It has some wondering: will big tech dominate AI too?

The government certainly thinks so. Yesterday, FTC Chair Lina Khan announced that she'd be watching closely to ensure big tech doesn't block emerging AI competitors with anti-competitive tactics.

Personally, we like to bet on the field. Some of the most impactful work is being done outside Big Tech:

OpenAI is leading the way, with hundreds of employees, not thousands.
Midjourney's models are so good that they're causing concerns about disinformation. They got here with just 11 employees.
Stability AI is powering the open source movement in AI with ~100 people.

It's still early days. We've yet to hear from Apple, and Amazon's been awfully quiet about Alexa lately. And as AI gets more powerful, Big Tech's deep pockets may be the only way to afford safe rollouts.

Until then, charge on, startups!

FROM OUR PARTNERS

This Startup Uses AI To Deliver Marketing Campaigns 👇

Most companies market products in a way they think might land with customers.

But RAD AI leverages proprietary AI to craft marketing messages they know will land with customers.

The B2B SaaS startup scans millions of web pages, Reddit threads, and APIs to craft a content strategy that taps into consumer psychology.
Their results are rad and the startup has landed clients like Accenture, Ro, MGM and Dignity Health.
Featured on Benzinga, Tech Crunch, Entrepreneur and Vanity Fair

After growing 310% last year with a $2.2 million run rate, RAD is raising a community round with thousands of investors participating.

Join over 3500 investors (VC and private) and invest on Wefunder before the round closes.

Goldman Thinks AI Will Help Us, Not Hurt Us 📊

What if I told you that instead of taking your jobs, AI might actually create new ones?

A group of economists at Goldman Sachs published a report showcasing AI's potential to spur massive productivity gains and job creation over the next decade.

According to the team, "if generative AI delivers on its promised capabilities..."

Annual gross GDP would leap 7% this decade, which equals an extra $7 trillion.
US labor productivity could jump 1.5% annually over the next decade.

And while most of the economy will see their jobs impacted by AI (70%), AI will likely complement your work, not replace it.

But that's a big *if*.

The report also noted that jobs most at risk of automation include office and administrative support. Someone tell Pam from The Office to watch her back.

Around the Horn 🦄

The Federal Cartel Office in Germany is investigating whether Microsoft is hindering competition in the digital ecosystem.
Microsoft introduced Security Copilot, an AI cybersecurity tool powered by OpenAI's models.
Hugging Face released multiple reports that showcase the strength of Intel's AI chips, signaling that Nvidia might not be that far ahead of the rest of the pack.
How Walmart is deploying AI to improve its shopping experience (CNBC).

Treats To Try 🍿

Featured: Flexible, scalable, affordable inference. Get 4x more inferences per dollar with Salad’s Inference Endpoints API. Start generating results in 2 minutes with Salad.
Glass can help clinicians develop appropriate diagnostic problem representations and clinical plans.
A fully open-source implementation of Meta's LLaMA called Lit-LLaMA.
Genmo Chat can help you create and edit any images or videos.
Interview Breaker can listen to your interviews and tell you what to say.
Gamma can create beautiful presentations from simple text prompts.