• Byte-Sized AI
  • Posts
  • From College thesis to $1.5 Billion Company šŸ˜³

From College thesis to $1.5 Billion Company šŸ˜³

Yep... if you ever needed motivation, this might be it.

(Reading time: ~ 5 min)

šŸ¤– Itā€™s time for Your AI News, Byte-Sized.

Shake off your Monday bluesā€¦

šŸŽ‰ Welcome to the 46 of you who just joined!

Starting off the week cold and in need of some motivation? Wellā€¦ I might have the story for you. Get jump-started for the week with some great new AI projects and awesome reads. Hereā€™s what Iā€™ve got for you:

  • The story of how a college thesis turned into a $1.5B AI company šŸ¤Æ 

  • Why youā€™ll never need to code a website again šŸ§‘ā€šŸ’» 

  • U.S. looking at more AI regulations? šŸ«¢ 

  • And muuuch moreā€¦

šŸ„³ Announcing last weekā€™s winner - joset*****@gmail.com

The answer was: AI News Roundup

As part of my effort to give back to our dedicated readers, Iā€™ve included a fun weekly challenge! One of the paragraphs in this newsletter was written by AI. If you can identify it, Iā€™ll be giving away my HUGE AI prompt booklet (3,000 prompts) to the winner!

Send your answer through the form at the end of the newsletter.

āš” AI Entrepreneur Story Of The Week!

Starting as his thesis study at school, itā€™s now a company worth $1.5 Billion.

This is CristĆ³bal Valenzuela, co-founder and CEO of Runway. Heā€™s just bagged $141 million from investors including Salesforce Ventures for his AI content creation company that allows users to edit content with text-based prompts.

Credits: Madrona Venture Group

CristĆ³balā€™s main idea for starting Runway was to create a tool to run various AI models that could help with creative work. That was in 2018. As an early visionary, his work only really took off once AI tools became mainstream to all.

But what makes CristĆ³bal special, is his desire to keep pushing the limits and making this once inaccessible technology available to any user.

šŸ‘† My #BuildInPublic Feature

This weekā€™s #BuildInPublic feature packs a massive punch, with 6 months of work under the hoodā€¦ and thatā€™s Vivek Tiwari and Woodle!

Woodle aims to redefine web design, making beautiful and functional websites accessible to all through AI. Woodle is an end-to-end website builder, meaning you tell them what kind of website you want and it creates oneā€¦ and an amazing one at that. Iā€™m excited to see what Woodle will do for creators.

Take a quick look at their incredible website, youā€™ll know what I mean.

šŸ”Ø Amazing AI Projects Worth Looking Into

Project #1: Camera-controlled Snake Game (@mgechev)

These days, the term AI is almost synonymous with ChatGPT and text-based applications. However, Minko Gechev is back to remind us of the boundaries of AI with his fun little Snake Game. Why not try to beat his score of 34 šŸ˜„ 

Project #2: Plugin Surf (@rafal_makes)

Plugin Surf is a new, but quickly growing web app that acts as a directory for ChatGPT plugins. Finally! There hasnā€™t actually been a proper place to find great plugins, but now youā€™ll have it all in one place.

Project #3: AI Nature Documentary (@charliebholtz)

Ever wondered how AI image, video, and voice creation is coming along? Wellā€¦ this mini project by Charlie Holtz showcases exactly that. Heā€™s created a 3-minute AI-generated nature documentary with David Attenboroughā€™s voice. Close your eyes and you wouldnā€™t be able to tell the difference.

šŸ—ž Last Weekā€™s AI News Roundup

The Headliner: Inflection AI bags a $1.3 Billion round

Among a huge round of investments for several AI companies, with 3 companies totaling $1.5 Billion, Inflection AI stood head above shoulders with their jaw-dropping numbers. Their valuation now sits at around $4 Billion, according to Forbes. New AI unicorns are starting to swarm in.

U.S. rolling out new regulations on AI

Moves to stop shipments of AI chips from Nvidia and further tightening with licenses could see Nvidia and the rest of the AI industry growth take a hit. However, analysts still believe AI demand will exceed supply this year.

Australian industry set to lose 190,000 workers to AI

With a recent study demonstrating the threat of AI toward mainly office and administrative services, a 46% replacement of the 415,000-strong industry will see a shocking number of jobs lost. And thatā€™s just for one industryā€¦

šŸ“š The Byte-Sized Reading/Listening List

1. Interview: A conversation with OpenAI CEO Sam Altman | Hosted by Elevate (28 min)

2. Video: Businesses of The Future: This Generations Opportunity (15 min)

3. Reading: How AI Could Spark the Next Financial Crisis (4 min)

šŸ¦ļø Byte-Sized Tweet Of The Week

Using AI generative fill the right wayā€¦

šŸ„³ Thatā€™s a wrap!

Hope youā€™re all charged up and ready to take on the week ahead!

Psstā€¦ did you forget about the fun challenge! If you managed to spot the AI-generated section, let me know your guess through the form below for a chance to win my 3,000 AI prompts handbook! Iā€™ll be announcing the winner at the start of each newsletter šŸ”„

Have a lovely week people, and keep killing it out there šŸ’Ŗ 

Reply

or to participate.