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The Saudi Arabian government plans to establish a $40B fund to capitalize on the AI sector boom, sources informed The New York Times. Read up: inside.com/s/418873

Met with the team INSIDE last week. Thank you Alex Medick for sending the goods! They run an impressive newsletter operation. World class team over there.

AI startup Inflection AI has shifted to an enterprise business model after Microsoft hired two of its co-founders. Co-founder and CEO Mustafa Suleyman will be heading Microsoft's newly formed consumer AI division, dubbed Microsoft AI. Learn more: inside.com/s/418828

Art of the Day 🖼️ Fighting Orchids (1917) by Janus de Winter Get the Inside Daily Brief newsletter at Inside.com

Unilever (ULVR.L) intends to enhance sales and profitability by spinning off its ice cream division. The newly established ice cream company will hold five of the world's top-selling ice cream brands. Read more: inside.com/s/418931

OpenAI could potentially release GPT-5 around mid-year, possibly in the summer, according to sources cited by Business Insider. Some enterprise customers have been shown demos of the newest model and its improvements to ChatGPT. Learn more: inside.com/s/418981

Southeast Asia's B2C startups bagged the largest share of VC funding in 2023, ending the year with $4.2B capital, per Pitchbook. Learn more: inside.com/s/419062

The time taken by European Series A startups to raise the subsequent Series B round widened by 85% in H2 2023 compared to H1 2022, per data from Carta cited by Sifted. Read up: inside.com/s/419012

Art of the Day 🖼️ King Midas by Andrea Vaccaro (1604-1670) Get the Inside Daily Brief newsletter at Inside.com

The United Nations General Assembly unanimously approved a resolution supporting safe, trustworthy, and human-centric AI. Keep reading: inside.com/s/419131

Microsoft is paying Inflection AI $650M, of which $620M is for non-exclusive licensing fees for using its technology, sources told The Information. Read more: inside.com/s/419221

Database unicorn startup Redis acquired open-source data storage engine startup Speedb for an undisclosed sum. Read more: inside.com/s/419169

Art of the Day 🖼️ Cherry Pie, by Will R. Barnes. 1939 Get the Inside Daily Brief newsletter at Inside.com

Something is brewing.... alexmedick.com/inside-waitlist

why the hell is surge pricing all of the rage?

Huawei reports fastest growth in four years after smartphone launch inside.com/s/419824 via @Inside