Fusion42 Open Call April 4th, 2024
💡 Here are the highlights
Avishay (AJ) Segal
🚀 Manish Patel
📰 In the news
AJ brought us up to speed with the crazy amount of stuff going on.
Companies are seeking to democratize AI to avoid heavy investments in expensive GPUs, which have seen a price increase of more than 200% since 2019.
Edge Computing is gaining prominence as a solution to accelerate technology and support AI and machine learning more efficiently.
Challenges in chip manufacturing globally include a 50% defective rate in CPUs from Russia, indicating reliability issues.
In China, Nora Technologies is exploring new methods like chemical etching to address challenges in chip production, though this method is significantly more costly and raises sustainability concerns.
The high cost and technical difficulties in chip manufacturing could potentially increase the prices of CPUs and GPUs further, impacting the affordability and accessibility of AI, particularly in emerging markets that are keen adopters of AI technology.
There is concern about how these developments might affect the future affordability and adoption of AI technologies, especially in markets that are rapidly adopting AI.
🎶 Where AI Meets Music - Manny stirred the pot
We stirred the pot a bit with a chat on AI's burgeoning role in music and the arts. Manish kicked things off with a bang, pointing out how some musicians are eyeing AI like it might snatch their guitars right out of their hands. It's a bit of a double-edged sword, isn't it? AI could be the bandmate we never knew we needed, or it could end up taking the solo spotlight.
Then we dove into the deep end with talks about paying artists their dues. If AI's going to school itself on our tunes and tales, shouldn't it at least throw a few coins in the hat? As Derek chimed in, it's about striking a chord between using AI responsibly while keeping the artist in the limelight.
Raymond gave us food for thought, musing on whether AI might just be another nail in the coffin for what we call "generic" content. Could this be the wakeup call we need to treasure the raw, unpolished gems of creativity that much more?
And here's a thought that had us all nodding: what truly makes art resonate with us is that human touch—something AI's still fumbling to grasp. Whether it's the Beatles' hallucinogenic brilliance or Asimov's utter genius and visions of the future, there's something about knowing there's a real person behind the curtain that makes it all the more magical. The relationship that takes you with them.
Could the flood of AI-generated content actually lead us back to a renaissance of authentic artistry?
As we wrapped up, we pondered AI's future in the creative toolbox. Sure, it might end up being just another instrument in the band, but ensuring it harmonizes without overshadowing the human artists will be key.
Wrapping up, we all agreed: it's high time we rallied for artists' rights in this new AI era. Let's make sure the art world remains a place where human creativity isn't just another data point for AI to mimic, but the heart and soul of every masterpiece.
➡️ Copilot's Nails Boilerplate Code!
We know AJ is a copilot fan, and his BFF was confirmed as being a genuine code buddy by Manny this week. Manny shared how Copilot effortlessly whipped up some boilerplate code in a flash. 'It generated the code in about five seconds. I copy-pasted, and it worked first time. Brilliant, right?' he exclaimed. This revelation showcased Copilot as not just a tool, but a powerhouse enabling developers to bypass the mundane and dive straight into the meat of coding creativity. If you've been on the fence about Copilot, Manny's experience might just tip the scales.
Upcoming Mastermind session
➡️ Do you think IP is just a massive legal task?
➡️ Do you think it’s too soon or too complex?
➡️ Do you think it is just for Deeptech inventors?
Me too.... well I used to until I didn't, and that in great part is down to Raymond and Patricia,
I have asked them if they would be willing to share this knowledge with you, and they graciously accepted.
⭐️ So if you want to understand why IP is a business strategy that:
✅ Creates value
✅ Gives strategic leverage
✅ Secures your market position
📣 IP is a strategic value creation tool and not a legal checkbox. Getting it right can be a game-changer.
➡️ Stability AI, Whoops, but it’s not a new startup story.
Stability AI, known for its text-to-image generator, Stable Diffusion, recently hit a bit of a snag. The CEO, Emad Mostaque, stepped down amid financial turbulence. Despite having raised a whopping $101 million at a valuation of $1 billion from big names like Coatue and Lightspeed, they've run into trouble, largely due to unpaid bills to Amazon Web Services (AWS).
Here’s where things stand now:
The company's ambitious plans and reliance on a somewhat vague monetization strategy have led to operational hiccups. Plus, there's the not-so-small matter of legal concerns regarding copyright infringement.
For the company, this situation raises questions about its future direction and stability. The departure of a CEO can signal a time of change, and with financial and legal challenges, Stability AI is at a crossroads.
For users, the impact is a bit mixed. Those relying on API access might find themselves in limbo, wondering if services will continue uninterrupted. On the other hand, users of the open-source model might not feel immediate effects, though future updates and support could be in jeopardy.
🔦 Startup Spotlight:
ZenPulsar with CEO Alexander Pisemsky.
This week, we spotlighted ZenPulsar, founded by Alexander Pisemsky. His leap from cybersecurity to pioneering in AI-powered market analytics illustrates how expertise in technology and an understanding of market dynamics can blend to create impactful solutions.
🚀 Introduction:
ZenPulsar carved its niche at the crossroads of AI and financial analysis, emerging from an initial focus on tracking disinformation campaigns on social media. Alexander and his team harnessed the power of AI to extract actionable insights from the sheer volume of data on social networks.
💡 Solution:
With machine learning at its core, ZenPulsar's algorithms can process billions of social media posts, comments, and reactions. They efficiently separate the wheat from the chaff—distinguishing relevant financial discussions from irrelevant noise, such as conversations about Apple the company versus apples the fruit or Apple devices.
🌍 Impact and Adoption:
ZenPulsar has gained traction among hedge funds and fundamental investors by offering a fresh perspective in the realm of quantitative investment. Their service turns social media discourse into refined, actionable insights, enabling clients to make well-informed decisions quickly and stay ahead in the competitive market.
⭐️ Takeaway:
Alexander Pisemsky's venture with ZenPulsar continues to highlight the transformative impact of AI in the financial sector. By converting vast amounts of social media chatter into concise, actionable intelligence, ZenPulsar not only proves the power of AI in enhancing financial strategies but also remains at the forefront of data-driven investment solutions.
Stay Tuned: We're already preparing for our next session, don't miss out on shaping the future of the Startup ecosystem with AI.
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Action packed week! Thanks for all you do and summarizing the takeaways.
These calls are great.... learning so much and getting on top of how AI is really changing things up at a practical level