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AI AGE CREATED THE YOUNG BILLIONAIRES: ENTREPRENEURSHIP BECAME SO RICH IN LESS THAN THREE YEARS THAT MASK COULDN'T MATCH
On December 31, according to The New York Times, AI's hot tide has made billionaires like British CEO and OpenAI CEO Sam Altman richer. At the same time, it has created a new group of young billionaires from small start-ups, at least on paper. These young billionaires may become future Silicon Valley power figures, like the rich executives that were created by the technological heat. For example, in the 1990s, when the Internet bubble..- 1.5k
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METAU CEO WU HINHONG: ENCOURAGING THE STAFF TO START AN AI BUSINESS, GIVING $10 MILLION IN "WINDFALL"
On December 13th, the company CEO Wu Hinhong revealed in a dialogue on December 10th that it was returning from a medium-sized company to an entrepreneurial team to build an AI Innovation Studio for internal “racing horses”, with no more than 10 people per studio, to apply for $10 million in basic funding for product innovation over a six-month period. Wu Hinhong revealed that all the products in the map are now evolving in the form of Agent, which represents a new human interface and a new technological capability. "We..- 3.5k
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The Turing Prize winner, Yang Liqun, will leave Meta to start an independent business
According to the Financial Times, Yann LeCu (Yan Liqun), the Turing Prize winner and Meta's leading artificial intelligence scientist, will leave Meta in the coming months and will prepare for the creation of a new AI start-up enterprise. According to sources, Yang Liqun has begun early negotiations with potential investors. It has been reported that Yang Liqun will create a company that focuses on the World Model (World Model: AI system develops internal understanding of the environment by learning video and spatial data, rather than relying entirely on text). According to the news, Yang Li-kun joined Face in 2013..- 1.8k
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These careers will be eliminated by AI, 10 new opportunities for startups we've compiled after the GPT-4o brush-up
In the past few days, I believe many people's social media platforms have been swept by the GPT-4o's Vendor Graphics case. With this, the anxiety of AI entrepreneurs, graphic designers and other practitioners in all walks of life has been instantly triggered: "Is model really product?" "Big model companies are disrupting everything AI startups have ever done". "The big modeling companies are overturning everything AI startups have ever done," "AI startups now just need to watch how they climb down from the cake table," and so on, and so forth. At the same time, there are a lot of industry insiders who are in the moment of image editing being transformed by AI models...- 3.2k
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The founder of the world's top venture capital a16z talks about AI and entrepreneurship, with an explosive amount of information! (20,000 words long article, recommended to save)
丨Key Points① Faced with the computing power and data advantages of large technology companies, small AI startups need to focus on building products and services that are different from large companies and have unique value.② Data is often overvalued as a marketable asset. The real value lies in how to use the data, not the data itself.③ There is uncertainty in technological progress and market response. The venture capital model accepts a certain proportion of failure as part of the innovation process.④ Companies such as Google and Microsoft are willing to sacrifice national and global interests in pursuit of profits, while demanding that the government restrict the openness of technology, revealing the morality and…- 3.3k
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Big model startups: Avoid the giants and make money first
At the end of last year, Wang Xiaochuan, the former CEO of Sogou, was convinced that "AGI is here" after just trying ChatGPT a few times. Later, at an online exchange meeting in the entrepreneur community, when several entrepreneurs in the AI field defined the progress of ChatGPT only in terms of function, Wang Xiaochuan made it clear that "everyone underestimated this matter." Wang Xiaochuan is not the only one who firmly believes that ChatGPT can subvert the world. "This is not the previous generation of AI technology," several entrepreneurs in the field of large models said this view in an interview with Tech Planet. In the history of business, C…- 3.8k
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Turning setbacks into acquisitions: One founder’s journey into an AI startup
Kirill Zubovsky, who spoke on the GeekWire podcast in January 2023 about his experience starting Smartynames, an AI-powered domain name venture. When your startup hits choppy waters, it’s easy to abandon ship. However, in my journey, I’ve found that what appears to be an end can be an opportunity in disguise. If your startup isn’t getting the traction you were hoping for, it may be time to pivot or even sell. Trust me, there is light at the end of the tunnel. You can profit, learn,…- 3.9k
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