💰 $1.3 BILLION in funding for AI startups
✅ Secure your OpenAI job
Arturo Ferreira & Martin Crowley
November 17, 2023
Premium // Sponsorship // Services // Tools Database
Welcome to AI Tool Report!
Happy Friday, everyone!
It’s the last day of the work week, so let’s celebrate with $1.35 BILLION in funding for AI startups.
Find out more below….
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Read Time: 4 minutes
Our Report: Menlo Ventures (Venture Capital Firm based out of SF) have closed on $1.35B in new capital, and will be using the fresh influx of funding to invest in early stage AI startups.
🔑 Key Points:
Of the $1.35B, a significant amount will be allocated to investing in early stage AI startups, with similar (and recent) investments including a $40M Series B investment in Finch, and $34M in Sana Labs.
This new funding increases Menlo's total raised to over $3.8B, after having multiple notable exits from unicorns across the enterprise, consumer and healthcare sectors.
Menlo have consistently shown a strong interest in AI, having invested in companies like Abnormal, Anthropic, Cleanlab, Pinecone, and Typeface (some of which were acquired by Google, Microsoft & Cisco).
Menlo Labs’ CEO stated the following when asked about the significant investments in AI “AI represents a seismic shift that will add trillions of dollars in value to the global economy, and Menlo will help write the next chapter.”
🤨 Why you should care: Menlo Ventures' significant raise and future investments in AI signal a sustained, and perhaps building, interest in AI from VCs and other investors across multiple industries.
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✅ Employee Training with AI
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"Assist in developing employee training and engagement programs to promote our brand internally."
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"Develop and implement innovative and comprehensive employee training and engagement programs aimed at promoting our brand's values, ethos, and mission internally among our staff. The objective is to create a series of interactive training modules and engaging workshops that focus on brand understanding, product knowledge, and customer service excellence. The programs should be designed to foster a strong brand identity and culture within our organization, encouraging employees to become brand ambassadors. This includes incorporating various training methodologies like digital e-learning platforms, in-person seminars, and interactive role-playing exercises. Additionally, the programs should integrate team-building activities and regular feedback sessions to ensure continuous improvement and adaptation to the changing market and internal dynamics. The ultimate goal is to enhance employee satisfaction, motivation, and loyalty, leading to improved overall performance and a more cohesive, brand-aligned workforce."
🎨 Artist Highlight: Allar Haltsonen (pushing the boundaries of MJ)
GM hustlers!
First contact.
Image made with Midjourney.
— Allar Haltsonen (@bubblez_jazzy)
Nov 15, 2023
Google is expanding access to Bard to teens globally (previously only available to 18+), with the launch including safety features to protect young users, and features to assist teens in exploring interests, solving problems, and understanding complex subjects.
It offers unique tools like math problem-solving with step-by-step explanations and data visualization—including graphs and charts to help students understand simple concepts like how they should manage their time or money. Although educational institutions are yet to adopt AI en-masse, it’s likely that the proliferation of AI educational tools will catalyze adoption.
Meta has unveiled two innovative AI models, Emu Video which creates video clips from text and image inputs (think Stable Diffusion), and Emu Edit which offers advanced image manipulation capabilities (think Photoshop).
These models are currently in the research phase, and demonstrate huge potential for creators and artists—including those without artistics tendencies (me)—ultimately democratizing access to video editing tools and lowering barriers to entry.
Spotify is enhancing podcast and audiobook discovery by integrating Google Cloud's AI tools, aiming to refine content discovery and tailor personalized recommendations for users (if it’s anywhat as good as Discover Weekly, we’re in luck).
The goal of the integration is to understand user preferences better and offer more relevant suggestions, improving the overall user experience for Spotify's spoken audio content. Who’s your favorite podcaster on Spotify?
Tell us about your favorite podcaster? |
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“This internship works at the intersection of software engineering and machine learning engineering, bringing state-of-the-art LLM research and multimodal generative breakthroughs to transformers in a user-friendly fashion.”
SF / $270-340K / Perfect for someone with a hard science degree
“Our Basic Research Teams are in need of Research Program Managers (RPMs) to streamline the development and integration of ongoing training and research efforts for our ChatGPT, API, and frontier model runs.”
London / $ Competitive / $10K after 4 years of employment
“You will collaborate closely with one of our highest-profile clients to create engaging, on-brand, corporate content within our AI-powered video creation platform. You’ll need to spend 2 days onsite with our client in Shoreditch, 1 day in our office in central London and 2 days wfh.”
The AI Tool Report just became the fastest-growing AI newsletter in the world, with 475,000+ readers working at companies like Apple, Meta, Google, Microsoft, and many more. We’re now booked out 4 weeks in advance, due to a massive surge in demand. Book your ad spot before someone else does…
🎶 An early look at how YouTube is experimenting with AI & Music
💰 ChatGPT Plus subscriptions are being listed on eBay for 1.5x
✅ GPT-4 now offers support for the blind through Be My Eyes
👀 Bill Gates “AI will utterly change how we live our lives”
🎁 How Google’s AI will help you find the perfect gift
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Until next time, Martin & Arturo.
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