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Tuesday’s issue is in partnership with…
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🔓 Tuesday’s AI Report:
🤯 Musk's shocking OpenAI offer
💰 In partnership with Mode Mobile
✂️ Meta “blindsides” staff with 3,600 job cuts
🚨 Big tech unites for child safety
🧚♂️ In partnership with Elf Labs
⚙️ Trending AI tools
🏗️ Practical AI applications
📑 Recommended resources
Read Time: 5 minutes
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📈 AI STOCK TRACKER
AI and tech stocks have bounced back after the DeepSeek market mayhem. Retail investors have continued buying NVIDIA, seeing this drop as a minor blip in a larger uptrend.
LATEST IN AI
🚨 Our Report — A group of investors, led by Elon Musk, has made a bid to buy OpenAI’s non-profit arm—which controls the firm—for $97.4B.
🔓 Key Points:
The group of investors includes Musk’s AI start-up xAI, venture capitalists, Valor Equity Partners, Hollywood mogul, Ari Emanuel, and Palantir co-founder Joe Lonsdale’s venture firm, 8VC.
Musk wants to buy OpenAI to make it open-source as he feels "It's time for OpenAI to return to the open-source, safety-focused force for good it once was," and stated that he “will make sure that happens."
However, OpenAI CEO, Sam Altman responded with a cheeky “no thank you” post on X, instead offering to “buy Twitter for $9.74B” (Musk bought it for $44B—well beyond its worth—and it’s since dropped further in value).
🔐 Relevance — This is Musk’s boldest move yet, in his mission to challenge, what he sees as OpenAI’s betrayal of its original aim—to develop AI for the benefit of humanity—and follows his ongoing lawsuit against the company for exactly that, trying to prevent it from transitioning into a for-profit to appease investors.
TOGETHER WITH MODE MOBILE
That's exactly what happened to Mark Cuban. A 823,900% return, gone…
And by the time we hear about industry-changing disruptions like this, it's usually too late… but right now, there’s a tech-startup making waves behind the scenes. Like Uber turned vehicles into revenue-generating assets, they’re turning smartphones into the easiest source of revenue imaginable.
They were named the #1 fastest growing software company by Deloitte in 2023 and have already earned over +$325M for their customers.
This tech startup is Mode Mobile, and unlike Uber, you can invest in their company at just $0.26/share before they go public.
Invest in their pre-IPO offering before 2/20 and get up to 100% extra shares.
*Read the offering circular and related risks at invest.modemobile.com
🚨 Our Report — Meta has started a fresh round of layoffs which will affect 5% of its workforce—equating to 3,600 employees—across the US, Europe, and Asia (those in Germany, France, Italy, and the Netherlands will not be included due to “local regulations”) who will receive termination notifications between February 11th and 18th, with those affected in the US, expected to get theirs first.
🔓 Key Points:
Meta is reportedly looking at last year's manager reviews to make their lay-off decisions, and “low-performers” who scored poorly in their performance reviews will be first-in-line for the chop.
Although Meta confirmed that staff would receive a “generous severance,” several affected workers have been “blindsided,” citing “no sign of performance concerns over the last six months.”
Its latest restructuring plan differs from last year’s—called the “Year of Efficiency”—where Meta cut their workforce by 3% to streamline operations, but this year is all about reducing costs and boosting revenue.
🔐 Relevance — According to a leaked memo, CEO, Mark Zuckerberg recently announced the impending job cuts internally, stating “It’s going to be an intense year requiring the strongest talent” so “I’ve decided to raise the bar on performance management and move out low-performers faster,” and according to other leaked internal documents, Meta is also accelerating the hiring of more ML engineers to work on AI projects, no doubt to remain competitive.
Google, OpenAI, Roblox, and Discord have formed a non-profit organization—Robust Open Online Safety Tools (ROOST)—to make safety technologies more accessible for companies to improve child safety online.
The organization aims to address “a critical need to accelerate innovation in online child safety,” and will create open-source tools to help identify, review, and report dangerous online material, affecting child safety.
This comes as reports of online child exploitation have increased by 12% between 2022-23, and gaming platform, Roblox (which was used by 50% of US children in 2020), was criticized for failing to stop inappropriate content.
TOGETHER WITH ELF LABS
Disney generated $46B+ from their Princesses alone.
Now, you have just a few hours left to invest in the company that earned landmark rights for iconic characters like Cinderella and Snow White.
Elf Labs is launching 3 princess franchises, backed by a team with $6B+ in licensing transactions throughout their careers. Even more exciting: they’re bringing these icons to reality through patented VR, AR, and AI tech.
Last Call — invest before the round closes tomorrow.
This is a paid advertisement for Elf Labs’ Regulation CF offering. Read the offering circular at elflabs.com
TRENDING AI TOOLS
Incogni stops spammers from stealing your info online, get 58% off annual plans, with code: AITOOL ⭐⭐⭐⭐⭐ / 5 (Trustpilot)
ChromaForgeAI creates pro websites in minutes with AI
LingoChampion is an AI language-learning platform
PRACTICAL AI
Prompt InspirationAfter typing this prompt, you will get a set of best practices that will help you manage a cross-functional product team. P.S. Use the Prompt Engineer GPT by The AI Report to 10x your prompts. | What are some best practices for managing a cross-functional product development team? |
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RECOMMENDED RESOURCES
STARTUPS
Name: Photoroom
Value: $500M
Funding raised: $64M
Photostudio is an AI-powered photo editing tool that can enhance the background of product shots and is used by 30M people—including Netflix and Warner Bros—to boost their product images.
PODCASTS
In this podcast, two execs from the manufacturing division at Sanofi—a leading immunology healthcare company—discuss adopting data infrastructure and AI solutions in lifescience manufacturing, emphasizing the need for unified data architecture and an issue-driven approach to technology adoption.
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