📈 The AI venture capital boom

+ Meta launches an emotional model

Author

Tim Moylan
23 Oct • Reading Time: 9 minutes

Hey folks,

Today we venture into the boom of AI startups and look at VC investment in the space. The ever growing amount of Gen AI startups being announced every day shows the massive growth in AI, however sticking “powered by AI” on your website doesn’t make you a Gen AI company.
Focus on Use Cases, solve problems with AI and drive value with AI workflows for your customers. That’s how AI will keep exploding. Let’s dive in..

Read Time: 5 minutes 

📈 The AI venture capital boom

🐝 The Buzz: Despite ROI skepticism, Q3 2024 saw $3.9 billion invested in generative AI startups, highlighting strong confidence in AI startups. Forrester has predicted a positive uptake of AI from skeptics, whilst Gartner earlier this year predicted 30% of AI POCs will be abandoned next year.

  • VC’s invested $3.9 billion in generative AI startups across 206 deals.

  • Significant funding recipients included Magic with $320 million, Glean with $260 million, and China's Moonshot AI with $300 million.

  • Generative AI's demand for computational resources intensifies energy concerns, prompting exploration of nuclear energy for data centers.

  • Experts question the tech’s reliability, and in the case of generative AI models trained on copyrighted data without permission, its legality.

  • Forrester’s predictions 2024: 60% of generative AI skeptics will embrace the technology, knowingly or not.

  • Gartner predicts 30% of generative AI projects will be abandoned after proof of concept by end of 2025

 

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Our research team spends hundreds of hours a week summarizing the latest news, and finding you the best opportunities to save time and earn more using AI.

 

🎥 Haiper 2.0 releases free hyper-realistic video model

🐝 The Buzz: Haiper 2.0 just released a free AI video model which offers hyper-realistic 1080p videos, enhancing creation speed and quality. Its innovative tools cater to diverse creators, challenging competitor OpenAI's Sora.

  • The model introduces faster 1080p video generation and tools like Video Templates for easy still-to-video conversion.

  • Haiper's enhancements, including HD upscaling and keyframe conditioning, cater to a wide range of creators' needs.

  • Free accessibility of Haiper 2.0 democratizes content creation, setting new standards for free models.

  • The company was founded by two ex-Google DeepMind researchers and has raised over $19M in funding to date.

🎮 AI recreates GTA IV trailer with generative technology

🐝 The Buzz: Generative AI was used to recreate a GTA IV trailer, highlighting AI's transformative media potential and impact on gaming.

  • AI-generated graphics enhance GTA IV visuals with photorealistic lighting, but face issues with image inconsistencies.

  • Generative AI could rapidly develop the gaming industry, providing fast, cheap methods for advanced graphics engine.

  • AI integration in gaming presents exciting possibilities and challenges, but the distance between scaling and generating a photorealistic image on a less detailed basis is still very large.

💻️ How to create 40 images per day with Ideogram

Ideogram 2.0 is a cutting-edge AI image generator. This web-based application allows you to generate 40 images per day for free.

  • Go to Ideogram

  • Signup for a free account

  • Describe what you want to see in the text prompt.

  • Further fine-tune the settings by:

    • Setting the aspect ratio

    • Try a new AI model (2.0 is the latest)

    • Select your colour palette

    • Pick a style (Realistic, Design, 3D, or Anime)

  • Hit Generate to see your image.

🐝 AI buzz bits

Meta's Spirit LM generates more expressive voices that reflect anger, surprise, happiness and other emotions

Meta Spirit LM has an entirely different design featuring tokens for phonetics, pitch and tones, in order to add those expressive qualities to its speech outputs

DeepMind researchers find LLMs can serve as effective mediators

A team of AI researchers with Google's DeepMind London group has found that certain large language models (LLMs) can serve as effective mediators between groups of people with differing viewpoints regarding a given topic.

Midjourney plans to let anyone on the web edit images with AI

Editing existing images with AI has become a hot-button topic lately, but Midjourney said that it'll release a new feature on the web to let people edit existing images with its AI-powered tools.

Microsoft introduces ‘AI employees’ that can handle client queries

The US tech company is giving customers the ability to build their own AI agents as well as releasing 10 off-the-shelf bots that can carry out a range of roles including supply chain management and customer service.

🖼️ Generative Art

Detailed isometric drawing of home coffee maker, Jony Ive style, technical notes, clear dimensions, annotations, explosion view, realistic materials, white background, studio lighting

AI productivity
🔥 Tools to take your workflow to the next level.

  1. Guidde lets you explain the most complex flows in seconds with AI generated video documentation

  2. ClientZen automates feedback analysis and gives you accurate insights,
    instant answers with Mantra AI and real-time monitoring.

  3. Epsilla is an all-in-one platform to create vertical LLM agents powered by your private data and knowledge.

  4. Vadoo AI video generator lets you turn your text prompts into videos. Use themes, adds voiceovers, subtitles, and simply create a short AI videos.

🤘 Wacky Wed

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I hope you enjoyed the buzz 🐝

Cheers, Tim

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