Eric Schmidt (Eric Schmidt) - Former CEO of Google is an active angel in AI Startups His portfolio has 5 unicorns & 4 foundational model companies The portfolio: > Imbue (Imbue) - LLMs for agents > Inflection AI (Inflection AI) - Personal AI chatbots > Mistral

AI Startups raised $1+ billion this week Top 10: CoreWeave - $642M Assembly AI - $50M Sarvam AI - $41M Replicate - $40M AutogenAI - $39.5M Liquid AI - $37.6M Leonardo AI - $31M Rhythms - $26M EnCharge AI - $22.6M Atomic Industries - $17M Announcements in 🧵

Guillermo Rauch (Guillermo Rauch) - CEO of Vercel is heavily angel-investing in AI Startups 11 startups across the AI stack - Data, Infra, LLMops, multimodal apps, agents The portfolio: > Scale AI (Scale AI) > Runway (Runway) > PartyKit (PartyKit) > LastMile AI

Gen AI in SaaS: Guide to the SaaS 4.0 framework New business models, massive gains in productivity & efficiency, greater personalization & an explosion of creative content. Credits to Alex Kayyal from LSVP for the analysis Here's the summary: (bookmark this) > Paradigm

Asset/wealth management is having its Gen AI moment - OpenAI is building AI advisors for JP Morgan 75%+ asset/wealth managers are using these tools for: - financial research - customer engagement - personalization ‍- financial infrastructure See why: > financial research

Here's how much AI Researchers make at OpenAI, Anthropic, Inflection, Amazon, Tesla, etc - base, bonus, equity included It's a talent & gpu war Image source: Rora (held a workshop at NeurIPS called "New in ML". They help PHDs negotiate salaries)

Its only Tuesday & AI Startups have raised $500+ million this week - Mistral raises a $415M Series A +/including $130M debt - Durable raises a $14M Series A - Laredo raises a $8.5M Seed - Relevance AI raises a $10M Series A - CitrusX raises a $4.5M Seed What do they do? 🧵

The Largest Series A rounds for AI Startups this year > open-source & china dominated 🥇Mistral AI - $415M 2. Baichuan Intelligence - $300M 3. Light Years Beyond - $279.8M 4. Character AI - $150M 5. Together AI - $102.5M 6. Inceptive - $100M 7. Everseen - $70M 8. Figure - $70M

OpenAI Revenue Breakdown > According to Kelvin Mu's research, OpenAI’s revenue is split evenly right now between: - B2C (GPT plus subscriptions) - B2B (API tokens) However, by extrapolating out to the future, one realizes that the future of the company rests on the B2B side.

Code is the fastest-growing Gen AI modality in terms of VC funding > increased 457.4% YoY to $369.1 million > driven by GPT-4's success in code prediction (report link below) The top early stage startups + funding: Poolside - $126M Warp - $73M Tabnine - $57.1M Magic - $28.1M

Naval Ravikant (Naval) - Co-founder of AngelList has a massive AI portfolio He's the 2nd most active angel investor across every startup ecosystem with 262 investments His AI portfolio: > Liquid AI > Nomic AI > LLM Shield > Patented > Digi > Replit > Chroma > TrueFoundry >

AI Startups raised $700+ million this week 💵 Top 10 + Funding: Mistral - $415M Essential AI - $56.5M Tacto - $54.3M Twin Health - $50M Durable - $14M Distributional - $11M Chalk - $10M Relevance AI - $10M Laredo - $8.5M Delphina - $7.5M What do they do? 🧵

UX was Gen AI's secret sauce. ChatGPT is a UX innovation. VectorDBs/RAG/memory is also a UX innovation. Models were available via APIs in 2022, but ChatGPT took off because of the streaming effect of text & conversational memory Other products also innovate with UX: - Tome

Pretty wild to see the largest adoption of generative AI coming from emerging countries like the Philippines > adjusted for population sizes See the interest by modality: - text - image - audio - video 🧵

Midjourney generations over time: Prompt - “a hyper-realistic image of Harry Potter”

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GDP per capita movements from the last 50 years:

Gives you a sense of what investors are excited about - novel LLMs, agents, computer vision, robotics

AI companies broken out by modality