Generative AI Funding Goes Off the Charts 📈

Hey there 👋

The funding frenzy in generative AI shows no signs of slowing down, with billion-dollar valuations increasingly becoming the standard. Inflection AI and Runway AI are the latest stars of the show, raising a staggering $1.3B and $141 million respectively in their latest funding rounds, and Typeface isn't far behind, snagging a cool $100M and hitting a $1B valuation. The pace is relentless, the stakes higher than ever, and we're here to help you stay on top of it all!

Microsoft is cranking up its AI engine, now powering shopping tools on the new Bing and Edge. With a basket full of AI news and a promising lineup of new AI tools to share, let's dive straight into today's newsletter!

This issue covers:

• Latest Developments 🌍

• Tools of the Trade ⚒️

• Trending AI Jobs 💼

• Prompt of the Day 📜

• Hot Takes 🔥

• AI Meme of the Week 🤡

Read time: 3 mins

Latest Developments 🌍

• Inflection AI, a one-year-old generative AI startup just raised $1.3B in funding, which brings its valuation to an astounding $4B! (Source)

• Runway AI has raised a massive $141 million in Series C from Google, Nvidia and Salesforce soaring its valuation to a whopping $1.5B! (Source)

• Typeface, enterprise-focused generative AI startup, raises $100M at a $1B valuation. (Source)

• Microsoft releases the AI powered shopping tools on the new Bing and Edge.

• How AI Influences what you see on Facebook and Instagram, a study by Meta AI.

• Large-scale AI Open Network (LAION) releases OpenFlamingo models across the 3B, 4B, and 9B scales.

Tools of the Trade ⚒️

• PlaygroundAI: Combine real and synthetic images, fine-grained control, merge multiple elements into captivating compositions.

• AI Cadences: Empower sales reps with personalized email sequences, LinkedIn messages, and call scripts generated in minutes.

• ArchitectAI: AI architecture and interior design tool to create stunning designs, realistic renders, provides a vast library of design styles.

• SuperCoder: SuperAGI agent for streamlined software development with step-by-step instructions, multi-language code generation, unit testing, and more.

• VC Sheet: Connects entrepreneurs with investors in their industry, summarizes their investment focus, and provides a comprehensive VC sheet.

• Arlo: An AI-powered alarm assistant that generates personalized wake-up messages, calendar events, and weather information with ultra-realistic voices.

• Ween.ai: Turns qualitative data into insights, automates user interview analysis, identifies patterns and pain points, and aligns insights with business goals.

Trending AI Jobs 💼

• Inflection AI: Member of Technical Staff - AI | Palo Alto, CA (Apply Now)

• Snapchat: Research Scientist, NLP | Los Angeles, CA (Apply Now)

• Microsoft: Technology Specialist - Machine Learning | Redmond, WA (Apply Now)

Prompt of the Day 📜

AI as a Motivational Coach

Hot Takes 🔥

1. Everyone was doing AI until the real AI decided to show up. ~Bojan Tunguz

2. Pre-trained AI models represent the most significant architectural change in software since the internet. ~a16z

Meme of the Day 🤡

That’s all for today!

See you tomorrow with more such AI filled content. Don’t forget to subscribe and give your feedback below 👇

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