In this week's @Digiday AI Briefing, I wrote about how companies spent at least $40 million on advertising AI software across print, digital, TV, etc. And that's just through September.
In Q3 2023, companies spent $35 million, a 550% increase from Q3 2022. https://
digiday.com/media-buying/a
i-briefing-the-marketing-of-generative-ai-has-only-just-begun/
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INVESTMENT
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Companies Increase Spending on AI Advertising Software Significantly
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MIT/Databricks Report on Data and AI-Driven Growth
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MIT/Databricks Report: "Laying the Foundations for Data and AI-Driven Growth" https://actuia.com/actualite/rapport-mit-databricks-poser-les-bases-dune-croissance-axee-sur-les-donnees-et-lia/
… #AI #artificialintelligence -
Axelera AI Selected for EU Innovation Council Accelerator Funding
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We are proud and humbled to announce that from a vast pool of 648 proposals, Axelera AI has been selected by the @EUeic Accelerator for funding and support, positioning us among the esteemed 47 companies recognized this year. https://
eic.ec.europa.eu/news/european-
innovation-council-accelerator-strong-performance-engineering-and-tech-based-companies-2023-10-30_en
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Embedding Models: Lower Barrier Entry for AI Startups
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the barrier to entry for training good embedding models is 100x lower than for training good LLMs – requires significantly less compute, expertise, and data. seems like a good area for building a business
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CFIUS: Committee on Foreign Investment in the US Explained
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(I’m finding ChatGPT absurdly useful for things like “Expand out CFIUS if the next word is lawyers, please.” Saving the world an API call: Committee on Foreign Investment in the US.)
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Unruggable AGI Subdomains: Mint Your YourName.AGI.Eth
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[ U N R U G G A B L E S U B N A M E S ] AGI.Eth “World's Most Coveted #AGI Web3 Asset” . . . YourName.AGI.Eth Mint : 0.06 Eth Example : .agi.eth : https://
opensea.io/assets/ethereu
m/0xd4416b13d2b3a9abae7acd5d6c2bbdbe25686401/90918927966967027843990033083714851453214269239295859044683801445586923082766
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NEH AI funding should match NSF CISE robustness levels
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This is great. Now I want to see it as robustly funded as anything in NSF/CISE. https://
neh.gov/AI -
White House AI Executive Order and Public Research Investment
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HAI co-director @drfeifei shares her thoughts on the new @WhiteHouse Executive Order on AI and the need for more investment in AI research in the public sector. Watch her interview with @technology
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Stock Market Decline Amid Middle East Conflict and Earnings
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The TL Podcast for October 29th: Stocks fall apart The stock market has turned decidedly sour in late October, following the war in Israel and Gaza, and a very mixed start to earnings season. https://
thetechnologyletter.com/the-posts/the-
tl-podcast-for-october-29th-stocks-fall-apart
… $GOOGL $MSFT $AMZN $TSLA $ASML $SEDG $TXN $ON $WOLF $AMD -
Book Value Limitations for Software Company Valuations
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The book value for a software company (assets minus liabilities equals equity) will almost always fall far short of the true economic value, and nobody would use that for e.g. investing decisions in a small company, but it is “just real enough” to quickly handwave away a request.