Tzahi (Zack) Weisfeld’s Post

Interesting... A key point from the article is that Anthropic’s founders, challenging the traditional advice given to startups, chose to innovate not only their product but also their business structure when they established the company in 2021. They believed that the potential impact of AI technology was so significant that it necessitated the creation of new governance frameworks to ensure its benefits reached the public. While markets efficiently manage many aspects, they acknowledged the existence of externalities such as the risks of AI autonomy, national security concerns, and unprecedented economic effects. Therefore, they aimed to equip the company to address this broad spectrum of challenges. Keep to the mission, Anthropic.

Have you seen these scouting reports generated at the click of a button now possible through our GenAi Capabilities at CB Insights In this report, we dive into the data on the leading 100 AI startups to watch in 2024 around the world, including their key financial metrics, opportunities, and threats in order to propose strategies and recommendations to leadership like yourself. #genai #scoutreports #startups #marketresearch

Stephanie Palazzolo's story "A New Wave of Foundation Model Developers Is Coming" (https://lnkd.in/eSwRXJim) amounts to a very encouraging report. If, as Palazzolo alleges, " ... VCs ... [have] become more positive about new kinds of AI models ... those that go beyond the basic transformer-based LLMs that companies like OpenAI and Anthropic are building ... " then a thesis I, myself, have tried over the last year or more to promote has become contagious where it counts - squarely in the sites of the VC investor community. Should one of the companies Palazzolo mentions, (or, as I myself have mentioned, LiquidAI,and others) come up a winner, then we all will benefit from a much more efficient software infrastructure providing support for the human-like communication we will, I am convinced, increasingly make use of: #gptmodels #disruptiveinnovation #vcs

🚀 Future of AI: Key Insights from OpenAI’s Top Execs! 🌟 Don't miss this standout interview hosted by Harry Stebbings, featuring Sam Altman and Brad Lightcap. They delve into OpenAI’s rapid evolution and key developments in the AI space. With a valuation at $90BN and impressive growth, gain critical insights on: • Strategic challenges and the future trajectory of AI models • Implications for businesses and essential investor knowledge • Key lessons from scaling OpenAI to over $2BN in revenue 👉 https://lnkd.in/e-sJdkMt Tune in for transformative insights from the front lines of AI innovation! #AI #Innovation #Entrepreneurship #20VC

Congrats to Ilya Sutskever and Daniel Levy with successful seed. Really well done! https://lnkd.in/d8SpyiD3 Building on top of my yesterday's thoughts about the perception of #AI SaaS being over-saturated, I have a question to the broader community. Not trying to be sarcastic. What is the thinking logic, justifying a $1bn seed at $5bn valuation? It never takes $1bn to ship an #MVP of a product, even when you are launching a shuttle in the space. Any MVP can be sliced into a smaller first prototype. Fine, a counterargument to be made is "the total TAM is so huge, hence there is just a need to run faster - regardless of the efficiency of these investments. The company that gets to be the first to capture the opportunity would become a next $1Tn+ business; and it takes a hundred/hundreds of millions to train the models". Understand. But I don't know any business that was built in the abundance; instead - all big stories started off from scarcity, and being very #agile and calculated in every investment they made. I'm really curios - especially to deeptech #VC friends - what is the thinking logic behind, and what are the expected returns? David Peterson Saagar Bhavsar Konstantin Vinogradov

“Conflicted Interests” – a cartoon that illustrates how many AI investors are pursuing different and parallel agendas to the startups they invested in. According to PitchBook, investors have pumped $27BN into 498 generative AI deals, which is up more than 200% from 2022. Meanwhile Forge Global reported that the average round for AI companies is 140% bigger this year compared with last. Under the surface, a surprisingly large number of the investments involve the same investors. For example, Sequoia Capital was part of the $6Bn fund-raising for Elon Musk’s xAI and bought shares in OpenAI. Meanwhile, Microsoft’s $10BN investment in OpenAI is at the same time it paid $650 million to Inflection AI license its AI software. This has apparently got so bad that OpenAI at its last investment round got soft commitments from their Thrive Capital and Tiger Global Management to refrain from funding five competing companies, which included Anthropic, xAI and OpenAI’s co-founder Ilya Sutskever‘s new company. The issue with all this cross-investing is that investors are party to sensitive information about the companies they invest in and backing rival companies brings into question commitment. Also, this goes against the grain of technology investors who constantly espouse that they are founder-friendly. For example, Bryan Schreier, a partner at Sequoia, mentions on his firm’s page that “my goal is to be a founder’s first call. That’s not something you can add to a term sheet. It has to be earned—through trust, delivery and being there when things are messy and hard.” This trust is a lot harder to achieve if the founder knows you are also picking up his or her rival’s phone calls, too. #venturecapital #ai #siliconvalley

OpenAI recently raised $1 billion in funding, raising its valuation to approximately $30 billion. This latest round emphasizes the growing confidence in AI technologies, with investors recognizing the potential for significant advancements in various industries. As OpenAI continues to innovate, it plans to allocate funds toward research, product development, and scaling its existing offerings. The speed with which digital technology is being streamlined and funded is astonishing and we all have to prepare for “the second machine age” and an era of digital innovation.

🔮 Exciting News Alert! 🚀 OpenAI is on the verge of securing a groundbreaking $6.5 billion in new funding, which would catapult their valuation to a staggering $150 billion - a massive leap from $86 billion earlier this year. This move is set to redefine the AI landscape and solidify OpenAI's position as a major player in the tech industry. Here are some predictions and insights on this jaw-dropping development: 1. The increased funding will accelerate OpenAI's research and development initiatives, fueling innovation in artificial intelligence at an unprecedented scale. 2. With OpenAI's valuation surpassing all other AI startups, this move signifies a significant shift in the market dynamics and highlights the growing importance of AI technologies. 3. This infusion of capital will likely pave the way for OpenAI to explore new strategic partnerships and collaborations, further expanding their reach and influence in the industry. 4. The heightened investor interest in OpenAI underscores the confidence in the company's vision and potential for driving disruptive change in various sectors. In conclusion, the imminent funding round for OpenAI marks a pivotal moment in the evolution of AI technology. Stay tuned as we witness the unfolding impact of this game-changing development! 🌟 #AIInnovation #TechnologyEvolution #OpenAITransformations.

Last year, OpenAI chief Sam Altman predicted that the artificial intelligence revolution will someday birth a company with a $1 billion valuation and a single employee. The companies on Forbes’ sixth annual AI 50 show that while there’s a long way to go to reach that prediction, the sector’s most promising startups are trending in that direction. https://trib.al/cnyc4Sz #ForbesAI50

The latest Forbes AI 50 list highlights a fascinating trend: AI startups are getting younger and leaner. 📄 Here's why this matters for you: AI democratization: The barrier to entry for AI is lowering, opening doors for innovative startups and established businesses alike. Agility is key: Smaller teams are proving to be just as effective, adapting quickly to market needs and technological advancements. Focus on real-world applications: Many of the featured startups are tackling practical challenges across healthcare, customer service, and productivity, showcasing the tangible value of AI. ⭐ This is where Linka comes in. Our all-in-one event platform empowers businesses and creators of all sizes to leverage AI tools to manage, monetize, and market their businesses. Linka aligns with the future of AI by making AI accessible, building a thriving community and so much more. Go to linka.ai