Has peak AI hit the venture capital industry?
Despite a flurry of AI products being released left and right, VCs have been more hesitant deploying capital and have chosen to remain on the sidelines. Based off a report by CBInsights, during Q1 2023, AI startups raised $5.4B, a 66% drop from the previous year's figure and a 43% decline quarter-over-quarter.
So, while you very well could see VCs opine about AI all over Twitter, just know that your favorite VC might not be putting money where his mouth is.
-Alex, your resident Chaos Coordinator.
What happened in AI? 📰
Amazon Plans to Add ChatGPT-Style Search to Its Online Store (Bloomberg)
How Europe is leading the world in building guardrails around AI | (AP News)
Google I/O and the Coming AI Battles – (Stratechery by Ben Thompson)
As AI-generated fakes proliferate, Google plans to fight back (Ars Technica)
OpenAI’s red team: the experts hired to ‘break’ ChatGPT (Financial Times)
Police near Seattle issue warning about AI phone scammers impersonating family members (GeekWire)
Always be Learnin’ 📕 📖
OpenAI's Moat Is Stronger Than You Think (Airplane)
How Layoffs Hurt Companies - Knowledge at Wharton (UPenn)
Prompt Ensembles Make LLMs More Reliable (Substack)
Projects to Keep an Eye On 🛠
Real Multithreading is Coming to Python - Learn How You Can Use It Now | (Martin Heinz)
microsoft/guidance: A guidance language for controlling large language models. (Github)
paulpierre/RasaGPT: 💬 RasaGPT is the first headless LLM chatbot platform built on top of Rasa and Langchain. Built w/ Rasa, FastAPI, Langchain, LlamaIndex, SQLModel, pgvector, ngrok, telegram (Github)
Teach-O-Matic - Instructional "how to videos" on any topic (Google Colab)
The Latest in AI Research 💡
Self-Chained Image-Language Model for Video Localization and Question Answering (arxiv)
EfficientViT: Memory Efficient Vision Transformer with Cascaded Group Attention (Github)
Neural LiDAR Fields for Novel View Synthesis (NVIDIA)
The World Outside of AI 🌎
Post-SVB Collapse, Venture Debt for Tech Startups Is Drying Up (Bloomberg)
Consumer debt passes $17 trillion for the first time despite slide in mortgage demand (CNBC)
Repelled by high car prices, Americans are holding on to their vehicles longer than ever | (AP News)
What Ending US Covid Emergency Means for Vaccines, Tests, Drugs (Bloomberg)
Lyft Will Discontinue Pooled Rides, Boost Airport Rides (Bloomberg)
One Last Bite 😋
