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Imagination is more important than knowledge. Welcome to the AllThingsAI newsletter. Let’s get into it.
The breakdown
Read time: 3 mins
Salesforce thinks AGI will be a big deal.
China hits an AI slump.
What does an AI startup need to do raise money?
Microsoft thinks AI should be regulated like driving.
A batch of AI tools to test drive.
Plus, a few recommendations and tool reviews.
Source: Leonardo AI. Prompt: A retro PC with Albert Einstein’s face on the green dot-matrix display.
AI news
Salesforce thinks AI will eventually be smarter than you
Business services heavyweight Salesforce has announced its new generative AI tool for companies. Dubbed Einstein Copilot, the model will purportedly help organizations build custom no-code apps.
During the Einstein Copilot launch - held as part of the Dreamforce Conference - Salesforce CEO Marc Benioff outlined how he sees AI shaping the future of industry, including the prospect of artificial general intelligence (AGI), which is broadly defined as surpassing human-level intelligence.
Benioff’s proclamation didn’t fully cover what to expect from AGI, so I suppose we just have to hope our robot overlords will be friendly.
China’s AI startups aren’t doing great
Is the AI gold-rush already over? In China, it might be. At least, that’s the takeaway from a new Wired piece profiling the struggles of the nation’s AI startups.
The report explains how the Great Firewall of China makes it difficult to scrape the open web for training data. Add in the eye-watering cost of AI chips and a slowing domestic economy, and many smaller Chinese AI operators are feeling the pinch.
Nonetheless, China’s tech giants are busy pushing out LLMs, so it seems those with big enough shovels might still find gold.
An insider’s view on raising capital
Isaac Madan, CEO of proprietary data handling service Nightfall AI, discusses how the company raised its Series B.
Madan says AI startups have to justify just why the emergent technology is key to their business model, and how investors are getting smarter about what constitutes true generative AI.
Madan also suggests raising capital for AI tools is going to get tougher over the coming 12 months.
A license to AI
The US Senate is meeting with all the big names in AI this week (Meta, OpenAI, Google, etc.), but Microsoft is seemingly trying to set the agenda.
Microsoft President Brad Smith has told a Senate subcommittee that the company supports the prospect of a federal licensing system for AI. Explaining Microsoft’s position, the executive made a clunky analogy to operating a vehicle, saying “We have to prove that we can drive before we get a license.”
Smith’s stance comes as US lawmakers explore how to regulate the AI industry. Let’s just hope we don’t end up in a place where AI startups all have to get in line at the DMV.
Poll
Results from our last poll: Does Google have what it takes to win in AI?
đźź©đźź©đźź©đźź©đźź©đźź© âś… Yes. Google has tons of money and resources so it will dominate AI.
🟨⬜️⬜️⬜️⬜️⬜️ ❎ No. Google is not nimble or bold enough to keep up with the pace of AI.
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AI tools you should try
Vzy AI (free with paid options): We’ve come a long way from having to know HTML and CSS to build a website. But these days, you don’t even have to know what you want your website to look like - AI can do all that for you. Punch in the kind of website you want, and Vzy gets to work populating it.
Podcastle.ai (free with paid options): While it seems everyone has a podcast these days, the likelihood is that you don’t (yet). Fortunately, diving in is pretty easy with Podcastle, which lets you record and export in a single app. Add in its AI editing features, and you might just be challenging a certain ex-Fear Factor host in the podcast charts in no time.
PDF.ai (free with paid options): This is like ChatGPT, but the information source is a single PDF. To get started, you simply upload your PDF and then type in your question. PDF.ai’s chatbot combs through the document then spits out the answer. Simple yet effective.
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