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šŸ˜ŗ Klarna's automates 700 agents

PLUS: The *BEST* chatbot in AI is....

Welcome, humans.

Sometimes it feels like AI (& the world) is moving fastā€”too fast. It gets overwhelming, even for us.

One piece we always recommend to folks is The AI Revolution: The Road to Superintelligence by Tim Urban from 2015 (!). It breaks down AI and its future in a way that calms us like a CBD gummy before bed.

Hereā€™s what you need to know about AI today:

  • Klarna's AI customer support agent did the work of 700 agents.

  • ChatGPT-4 remains the top chatbot on the market.

  • Glean AI secured $200M at a whopping $2.2B valuation (!).

  • GitHub Copilot is now available for Enterprises!

Klarnaā€™s customer support AI did the job of 700 full-time agentsā€¦

Klarna

Yeah, and itā€™s quite the tale:

Klarna, a payment processing firm, often deals with customer issues like refunds, returns, and cancellations.

So Klarna built an AI assistant using ChatGPT thatā€™s on call 24/7 and fluent in 35+ languages to tackle these problems. The results?

  • The assistant handled 2.3M conversations, equal to the work of *700 full-time human agents*.

  • Issues were resolved 7x quicker.

  • Repeat inquiries dropped by 25%.

  • Customer satisfaction remained stable.

The wildest part: the AI assistant is predicted to boost Klarnaā€™s profits by an extra $40M in 2024.

Why it matters: Holy cow.

We've been hyping up the 'AI in customer support' use case for over a year, and just yesterday, we said word for word: ā€œautomating customer-facing teams using AI is totally going to happenā€.

Now itā€™s here, for real.

Just to be clear, weā€™re neither cheering nor jeering thisā€”it's simply the astonishing reality of the productivity gains AI is starting to bring to customer support.

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Theyā€™ve helped businesses create products like AI clothing marketplaces and a chatbot for historical figures (seriously, check out how cool some of these products are).Ā 

ChatGPT-4 is still the top dog.

A full year has passed since OpenAI launched ChatGPT-4 (3/14/23), yet it still dominates the field.Ā Itā€™s the LeBron of chatbots.

Despite a smorgasbord of upgrades from competitors like Meta, Mistral, Anthropic, xAI, and especially Google, ChatGPT-4 outshines them all in writing, reasoning, coding, and other work-related activities.

Google Trends

Why it matters:

  1. The most productive thing your company can do is buy ChatGPT-4 for all employees.

  2. OpenAIā€™s lead may be bigger than we think.

Googleā€™s upcoming Gemini 1.5 Pro could be the first real threat to ChatGPT-4 with its huge context upload feature, but last week taught us to temper our expectations when it comes to the Googlers.

Plus, OpenAI is likely building a *much* more powerful version of ChatGPT that, according to Uncle Sam Altman, will be ā€œbetter at everything across the board.ā€

This means that once the other chatbots catch up, OpenAI might release a breakthrough that makes them all outdated again!

Around the Horn.

a taste of its own medicine!

Wednesday Wirings.

  1. Moonshot AI, a Chinese AI company building models with big context, raised >$1B at a $2.5B valuation.

  2. Glean, a search tool for a businessā€™s info, raised $200M at a $2.2B valuation.

  3. Abridge, an AI that transcribes doctor-patient convos, raised $150M.

  4. Intenseye, which uses AI to detect unsafe work conditions, secured $64 million.

  5. Inkitt, a platform that helps people self-publish stories with help from AI, snagged $37M.

  6. Myko AI, an AI that answers questions from sales data, raised $2.7M.

A Cat's Commentary.

Where do you #neuron?

Continue to share your Neuron reading spots for a chance to be highlighted! Submit your photos here.

Spotlight on this weekā€™s #neuron champ: we were in Sydney a few months back for a conferenceā€”a top-tier city!

Matt from Sydney, Australia

Dave from Lisbon, Portugal

Andrew from Wilmington, Delaware

Dan from Tucson, Arizona

Thatā€™s all for today, for more AI treats, check out our website.

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