- The Rundown AI
- Posts
- OpenAI's $100B+ valuation
Welcome, AI enthusiasts.
Over the holidays, we read thousands of suggestions from readers and made some subtle upgrades to the newsletter.
Today, you’ll notice a new section dedicated to breakthroughs in AI research, more AI tools, fewer emojis, and ‘quicker' stories in our Quick Hits section. Let’s get into it.
In today’s AI rundown:
OpenAI in talks to raise at $100 billion+ valuation
The top 50 most visited AI tools
How to train a SD model for consistent characters
Research: AI discovers new class of antibiotics
9 new AI tools & 4 new AI jobs
More AI & tech news
Read time: 4 minutes
LATEST DEVELOPMENTS
OPENAI
Image source: Joel Saget/AFP/Getty Images
The Rundown: OpenAI is in early discussions to raise a new round at a valuation at or above $100 Billion, even though its tender offer at a $86 billion valuation isn’t yet completed. Sam Altman is so back.
The details:
OpenAI has yet to complete a separate tender offer that would allow employees to sell shares at a valuation of $86 billion.
The new deal valuing OpenAI at $100 Billion would make the ChatGPT maker the second-most valuable startup in the US, behind SpaceX.
The company has also discussed raising funding for a new chip venture with Abu Dhabi-based G42, per Bloomberg.
Why it matters: Just weeks ago in one of the most thrilling tech dramas of the year, OpenAI’s future looked shaky in the eyes of investors. However, it seems that where Sam Altman goes, the money flows — with the rehiring of Sam Altman coming with a fresh wave of confidence from potential backers.
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INDUSTRY ANALYSIS
Image source: Writerbuddy
The Rundown: A new report by Writerbuddy showcased shocking data of the top 50 most visited AI tools between September 2022 and August 2023 from scraped data using AI tool directories and SEMrush.
Key takeaways:
ChatGPT led the list with 14 billion visits and 60% of the total.
The top 50 AI tools experienced a 10.7x growth rate, with an average monthly increase of 236.3 million visits.
The US contributed 5.5 billion visits, equating to 22.62% of the total.
Over 63% of AI tool users accessed via mobile devices.
69.5% of the top 50 AI tools were male users, with 30.5% being female users.
Why it matters: AI is developing at an exponential rate not only in research but also significantly within the consumer industry. The trend will only rise as AI tools such as Google Bard continue to open up to users outside of the US.
AI TRAINING
The Rundown: LensGo is a web-based Stable Diffusion AI app that allows users to train custom models using their own photos to create consistent characters when generating AI images.
Thank you to Chase Lean for sharing this tutorial with us.
Step-by-step:
Go to LensGo, which lets you train 3 custom models free every month.
Click “Train Custom Model“
Upload 10-20 images of yourself or a character you want to train the model on and click “Start“
After giving the app 20 minutes to train on your photos, come back and type simple prompts to generate consistent AI characters in any setting.
AI RESEARCH
Image source: Midjourney
The Rundown: A groundbreaking AI application has led to the discovery of a new class of antibiotics that can kill drug-resistant bacteria.
The details:
Researchers used graph neural networks to predict the toxicity of over 12M compounds (impossible to do in a wet lab).
The AI successfully identified compounds capable of killing drug-resistant strains, leading to a new class of antibiotics.
The new antibiotics have shown promising results in mouse models, effectively treating infections from these hard-to-combat bacteria.
Why it matters: As the death toll from antibiotic resistance continues to grow (claiming over 1.2 million lives in 2019 alone), this advancement shows promising real-world results of combining AI with drug discovery.
NEW TOOLS & JOBS
MaxAI.me- Use 1-Click AI Anywhere- simplifies tasks with quick summaries, AI web searches, email drafting/replies, and more (link)*
ReByte- Idea-to-app platform where AI agents do the work (link)
Nendo- Open-sourced AI music generation models (link)
Google VideoPoet- An LLM for zero-shot video generation (link)
Inbox Zero- Open-sourced AI email cleanup management (link)
Incogni- Remove your personal data from the web (link)
Rex- An AI nutrition and fitness coach (link)
Taplio- All-in-one LinkedIn growth tool with AI suggestions (link)
AWS Console Chat- Chrome extension to chat with AWS pages (link)
*Sponsored listing
QUICK HITS
Apple researchers quietly revealed ‘Ferret’ — a new open-source multimodal LLM that can use regions of images for queries.
Nat Friedman reveals a new demo of AI that is beginning to read ancient text that experts long thought were unreadable.
Microsoft released a free Android version of Copilot with no further details for an iOS app (though it’s likely to be released soon).
Salesforce posts their new AI-enabled commercial promoting ‘Data is the new Gold,‘ featuring Matthew McConaughey.
HD Hyundai teams up with Google Cloud to introduce generative AI across Hyundai’s core businesses.
Australian Judicial Administration reveals new guidelines encouraging the use of AI in Australian courtrooms.
JAMA Network Open published a new study by Korean researchers accurately demonstrating the use of AI to diagnose autism in children.
Sony’s PlayStation Pro or next-gen PlayStation 6 may use an AI processor for real-time predictive gaming.
THAT’S A WRAP
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