How do we manage the firehose of AI hype?
The Friday AI hype firehose came right on schedule last week. Right before the weekend, the Financial Times reported that DeepMind co-founder Mustafa Suleyman and LinkedIn creator Reid Hoffman were seeking up to $675 million in funding for their startup Inflection, even though they have yet to release a product. Then the publication reported that Andreessen Horowitz, Marc Andreessen's venture capital firm, had led an investment of more than $200 million in generative AI company Character AI (which generates dialogue in the style of characters such as Elon Musk and Nintendo's Mario), launching the startup to a $1 billion valuation. The same day, Bloomberg reported that Stability AI, the parent company of the popular open-source Stable Diffusion, is already hunting for additional investment that would value the company at $4 billion. This is all in addition to my weighed-down email inbox, which by Friday was overflowing with subject lines like "Early Look at World's First Customer Support Platform Powered by OpenAI" and "Generative AI Content Creation App For Branded Enterprise Content" and "New ChatGPT-like Feature to Revolutionize Data-Driven Marketing."
Mar-8-2023, 14:52:02 GMT
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