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As I told Richard Quest on CNN, we have an unbelievable opportunity ahead of us for investing in #AI. You may feel that you missed out on NVIDIA, the stock is already at $2 trillion, and the AI investment opportunity is over. But that’s so wrong. This week, I asked a group of venture capitalists and angel investors in the Valley which inning in the baseball game we are at with AI, and the consensus is that we are early in the first inning. There are going to be extraordinary startups emerging who are going to become big. That's why we created the OurCrowd AI Fund. We’re looking for people with breakthrough technology and big market opportunities. AI is moving to the edge, so it won't just need processing power in the data center where NVIDIA is the king, but also in the edge computing area, as well as the verticals where AI will be transformative. Startups in our AI Fund now have access to NVIDIA Inception. They will benefit from special pricing, preferred delivery and training for their teams, special tools, and access to key people. They also become part of a community of seven venture firms around the world who joined NVIDIA Inception as founding partners. I see huge opportunities ahead. https://lnkd.in/eQ2-TKeE
Quest Means Business (@questCNN) on X
twitter.com
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Wow! Elon Musk's new AI startup, xAI, announced it received $6 billion in Series B investment funding mainly from Sequoia Capital and Andreessen Horowitz among other VC backers. This values xAI at $24 billion after fresh funding. The money will be used to take xAI’s first products to market, build advanced infrastructure and accelerate research and development of future technologies. xAI plans to build a massive supercomputer to enhance its AI chatbot, Grok. The supercomputer, which Elon Musk refers to as the Gigafactory of Compute, is projected to be ready by fall 2025. With this development, Musk aims to significantly surpass rival GPU clusters in both size and capability. In a presentation for investors, Elon Musk revealed that the new supercomputer will use as many as 100,000 Nvidia's H100 GPUs based on the Hopper architecture, making it at least four times larger than the largest existing GPU clusters, according to The Information. https://x.ai/blog/series-b
Series B Funding Round
x.ai
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Impressive. The human-like intonation, little 'um's, makes it even more real and gives the AI a sort of character. Especially in the current age, where people still hold stigma against AI, it gives the customers a human-like interaction, which is required to build trust with the customer. Way to go! Bland AI
Today, marks a major milestone for Bland. We’ve closed our series A with $22M in funding from Jeff Lawson, Max Levchin, Cameron Ventures, Upfront Ventures, HorizonVC, Ansa Capital, and Scale Venture Partners. As we emerge from stealth, we wanted to formally introduce you to Bland, your enterprise’s newest AI employee. Bland is a fully customizable phone agent that’s designed to sound just like a human. It can talk in any language or voice, be designed for any use case, and handle millions of calls for you simultaneously. 24/7. Bland does all of this without hallucination - and that’s just the start. Want to learn more? Start by calling Bland yourself on our site: https://www.bland.ai/
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This is super cool. If you’ve had to interact with customer service, you’ll know the pain of just *finding* a number to call. Regardless of what it seems to be, most enterprises do want to offer fast, available customer service. Well then why don’t they? Because costs spiral - when you have millions of customers needing support, you really can’t make a human available 24x7 without damaging the rest of business. Frontline AI support effectively solves this scalability problem, at least for the easier customer issues. It’s no replacement for human empathy though - for a young family stuck at an airport with flight cancellations, hearing that everything is fine and they will be taken care of is just as important as the tactical resolution of the issue. So, my mental model for what AI can do for customer service - automate frontline support, so humans can do that they do best - solve complexity, be empathetic, and, well, be human.
Today, marks a major milestone for Bland. We’ve closed our series A with $22M in funding from Jeff Lawson, Max Levchin, Cameron Ventures, Upfront Ventures, HorizonVC, Ansa Capital, and Scale Venture Partners. As we emerge from stealth, we wanted to formally introduce you to Bland, your enterprise’s newest AI employee. Bland is a fully customizable phone agent that’s designed to sound just like a human. It can talk in any language or voice, be designed for any use case, and handle millions of calls for you simultaneously. 24/7. Bland does all of this without hallucination - and that’s just the start. Want to learn more? Start by calling Bland yourself on our site: https://www.bland.ai/
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Sam Altman's Tigris: The Billion-Dollar Bid to Rival Nvidia in AI Chips -Edward Ludlow, Ashlee Vance Sam Altman, prior to his firing, secured billions in funding from Middle Eastern investors for a new AI chip startup named 'Tigris.' The project, aimed at challenging Nvidia's dominance in the AI chip market, raised questions about Altman's relationship with OpenAI's board, given his involvement in side ventures. The funding and the ambitious goal of competing with NVIDIA's strategic moves in the AI hardware sector, contributing to the complexities surrounding his role and affiliations within the industry. #SamAltman #Tigris #AICHips #NvidiaRivalry #BillionDollarBid #AIHardware #MiddleEasternInvestors #OpenAI #IndustryComplexities #StrategicMoves #VentureCapital #TechNews
Altman Sought Billions For Chip Venture Before OpenAI Ouster
bloomberg.com
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CPO @LifeScientific ★ EIR @DogpatchLabs ★ Co-Founder @PepTalk ★ Founding Board Member @SERI (Social Enterprise ROI) ★ CSC @Learnovate
💥 AI FOUNDERS : PUT THIS IN YOUR DIARY, OR REGRET IT 💥 NVIDIA + DC Cahalane = Powerful Insights on all things AI If you want the inside track on commercialising AI tech, understanding needs, building scalable business models, not to mention attracting customers and investments ... you won't get better than this. So, hit the big shiny 👉 register now button now 🔴
VC Investor (Backing AI since 2017) who takes calls at weekends, Recovering VP Growth/CMO/CCO/CRO | 4X Founder | Board Member | Non-Executive Director | Building the Infrastructure for Ireland's Entrepreneurial Ecosystem
This really is one of those 'Pinch me I'm dreaming' moments and without a doubt the most exciting speaking opportunity thats ever come my way. Join me on November 6th for an exclusive global virtual masterclass organised by NVIDIA where we'll explore the journey from groundbreaking AI technology to successful business venture. I'll be sharing insights on commercialising AI technology, identifying market needs, building scalable business models, and attracting customers and investments. Big thanks to Troy Estes and Shelly Lipkin for the opportunity. Register here at https://bit.ly/NVIDIASVV #nvidiainception #nvidiaventurecapitalalliance Sure Valley Ventures
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🚀 AI Revolution: Reshaping Software and Business Models 🚀 The AI wave is crashing through every sector, disrupting traditional software paradigms and business strategies. Visionary founders are leveraging AI to build groundbreaking technologies, redefining what's possible in software development. We're riding the exponential "S" curve of AI innovation. But how do we translate these technological leaps into sustainable, scalable businesses? Join us for an exclusive Masterclass with Sure Valley Ventures own DC Cahalane with NVIDIA, who will decode: 🔹 Business models 🔹 AI-Driven Pricing Strategies 🔹 Next-Gen Sales Techniques for AI Products 🔹 Marketing in the Age of Artificial Intelligence This isn't just about building AI – it's about architecting the future of software and business. Calling all developers, entrepreneurs, and tech visionaries: Don't miss this opportunity to learn how to create and scale AI-powered software businesses in this new era. 🗓️ Mark your calendars: November 6th, 2024 🔗 Register now: https://bit.ly/NVIDIASVV #AIInnovation #SoftwareDevelopment #TechEntrepreneurship #FutureOfBusiness #surevalleyventures
VC Investor (Backing AI since 2017) who takes calls at weekends, Recovering VP Growth/CMO/CCO/CRO | 4X Founder | Board Member | Non-Executive Director | Building the Infrastructure for Ireland's Entrepreneurial Ecosystem
This really is one of those 'Pinch me I'm dreaming' moments and without a doubt the most exciting speaking opportunity thats ever come my way. Join me on November 6th for an exclusive global virtual masterclass organised by NVIDIA where we'll explore the journey from groundbreaking AI technology to successful business venture. I'll be sharing insights on commercialising AI technology, identifying market needs, building scalable business models, and attracting customers and investments. Big thanks to Troy Estes and Shelly Lipkin for the opportunity. Register here at https://bit.ly/NVIDIASVV #nvidiainception #nvidiaventurecapitalalliance Sure Valley Ventures
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What I am reading Week X : While there are multiple ways to think about position sizing, Masayoshi Son, has been known for taking large bets as a part of his portfolio position sizing. However, the key to investing is to never go out of business. 2021-22 was the worst time Softbank went through in its 24-year investment journey where they had significant losses in their investment book, however, he did not go out of business. Last year, Softbank had structured an investment in ARM holdings which was up 4x and netted an investment gain of nearly USD 140 bn and today, he continues to re-invest that in building a company which will compete with Nvidia. #AIhardware #gpus #Positionsizing #softbank https://lnkd.in/gEAFmwvM
Masayoshi Son Seeks to Build a $100 Billion AI Chip Venture
bloomberg.com
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Last chance to register for tomorrow's session with Sasha Vidiborskiy from Atomico! Join this session if you're keen to get a seasoned investor's perspective on: 🤖 How Gen AI is impacting the business landscape and strategies for staying competitive 🤹 The evolving role of the CTO in early-stage companies 🤑 Tips for navigating investor conversations in 2024 🔍 Insights into the due diligence process at Atomico and examples of 'what good looks like' Grab your seat here: https://ow.ly/rY3o50QF7Ot
Webinar: Tech Due Diligence for Early Stage Startups
aiven.io
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CEO/founder VEOX Inc | #pollgodrulesme | Fasted Ultra Runner | Contributing Faculty AIMasterClass NYU | Keynote Speaker | former child
Is there a #GenAI bubble? Yes. Is it bursting? Yes, slowly but surely. The losers in this hype game will be those who didn’t clearly define outcomes and objectives. On the other hand, the winners will see outsized returns for their efforts. It’s interesting, though anticipated, to see a graveyard of disappointment 💀 littered with significant transformation 💵. This pattern echoes past hype cycles. When I say "winners" I’m not talking about the "shovel sellers" like Nvidia or the "strategy consultants" walking away with boatloads of cash 💰, that is obvious. I'm talking about the genAI explorers/miners, there are still big winners out there in loserville. In our industry, maybe 1 in 10 have achieved market-changing breakthroughs. It will likely take another 1-2 years to fully realize who the winners and losers were in this hype cycle. #GenAI #Innovation #HypeCycle #grumpyCFO #headswillroll
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It's going to be a blast 🍐 🐿