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For those that are new around here, this is an extension of my weekly newsletter where I highlight new and innovative AI products that are worth exploring.
Hey {{FirstName | hey}}!
Happy Wednesday!
Here’s your news in newsletter!
Strap in, we have another big issue this week!
In this Issue:
Your Weekly Industry News Recap
A #BuildingInPublic Feature For Content Sharing
Where I am this week
The Raise Recap
The Headliner: AI Startup WRITER Launches New Model to Compete with OpenAI
Remember Writer, the AI startup we just met as a sponsor last week? (aaand this week too…) They're throwing down the gauntlet in the world of AI! This San Francisco-based company just unveiled a brand new, large language model (LLM) designed to go head-to-head with industry giants like OpenAI. Here's the kicker: Writer claims they achieved this feat with a dramatically lower training cost. While competitors supposedly shell out millions, Writer managed to train their model for a mere $700,000! Their secret weapon? Synthetic data. This innovative approach involves creating realistic, AI-generated data that mimics real-world information without privacy concerns. It's a growing trend in the industry, and Writer's success could pave the way for a more cost-effective future of AI development.
Your Weekly Industry News Recap
Some other notable news and product launches from this week
Bret Taylor’s AI Agent Startup Nears $4B Valuation
Former Salesforce CEO Bret Taylor’s AI agent startup is closing in on a deal that could value it at over $4 billion. Big moves in the AI world! 🌍💡Walmart Bets on AI Models with New Wallaby LLM
Walmart is getting into AI with a new language model, Wallaby, to handle various tasks. Retail + AI? Watch out! 🛒🤖New Technique Improves RAG Systems’ Document Retrieval
A new AI technique is making RAG (retrieval-augmented generation) systems better at fetching the right documents. 🚀📚Zoovu AI Search and Product Discovery
Zoovu launched new AI-powered tools to improve search and product discovery. It’s a game-changer for finding the right items! 🛒💻Atlassian’s New AI Product Gives Developers Access to Agents
Atlassian’s new AI product provides developers with agents to streamline their workflow. AI in development just got a whole lot easier. 🛠️🤖Adobe has entered the AI race with a video generator to rival tools from OpenAI and Meta. 🎥🤖
Writer RAG tool: build production-ready RAG apps in minutes
RAG in just a few lines of code? We’ve launched a predefined RAG tool on our developer platform, making it easy to bring your data into a Knowledge Graph and interact with it with AI. With a single API call, writer LLMs will intelligently call the RAG tool to chat with your data.
Integrated into Writer’s full-stack platform, it eliminates the need for complex vendor RAG setups, making it quick to build scalable, highly accurate AI workflows just by passing a graph ID of your data as a parameter to your RAG tool.
#BUILDINGINPUBLIC - Check this project out!
Out for public use.
xTend: Convert your blogs into X Threads, while respecting character limits, fitting content in desired no. of posts.AI may hallucinate, but worth a try.
xtend-posts.pages.dev#AI #buildinpublic #buildinginpublic #uidesign #uiux #uiuxdesign #Nextjs
— #Satyam Mishra (#@Satyam_Mis)
7:36 PM • Oct 11, 2024
This Week’s Raise Recap📈💰
AI Chip Startup Led by Ex-Google Engineers Seeks $75 Million
This AI chip startup, led by former Google engineers, is looking to raise $75 million in funding. They’re creating AI chips, and their ambitions are as big as their tech! 💰⚡Healthcare AI Startup Abridge Reportedly Raising $250M
Abridge, an AI-focused healthcare startup, is reportedly raising a cool $250 million, giving it a valuation of $2.5 billion. They aim to revolutionize patient-doctor interactions! 🏥💡Contract Analysis Startup Document Crunch Raises $21.5M
Document Crunch, a startup that helps with contract analysis, raised $21.5 million in Series B funding. They’re making contracts easier to digest with AI. 🔍📝AI-Focused Robotic Startup Perceptyne Secures $3 Million
An Indian AI robotics startup, Perceptyne, another AI-focused robotics startup, has also raised $3 million in seed funding. They’re aiming to revolutionize automation with cutting-edge robotics. 🔧🤖UnifiedTo Raises $11M CAD Pre-seed Round
UnifiedTo, an AI software company, raised $11 million CAD in pre-seed funding to improve how AI software companies use real-time data. 📊💻Billables AI Timekeeping Solution Raises $3.9 Million Seed
Billables, an AI timekeeping solution, raised $3.9 million in seed funding. Their AI tracks time so you don’t have to! ⏳💼
Stay well, and see you next week!
-✌🏽 Sam