💡 OpenAI's Valuation $90 Billion

Plus: US calling for regulation

October 25, 2023

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Read time: 2 minutes (Click underlined topics or headings for links.)

Hey Edge Family, good morning! OpenAI has had the biggest glow up of the year and they aren’t finished yet!

Here’s The Breakdown:

💎 𝟛 Tools to Give You The Edge
🚨 𝟚 AI Updates: OpenAI = $90B & US regulation
💻 𝟙 Practical Use of AI: Maximize ChatGPT responses

Let’s jump in!

💎 𝟛 Tools to Give You The Edge

Adobe Firefly: Generate the most realistic AI images possible (AI generator I use for the guess the AI picture section)

Try it here

Scribe: AI that auto generates step by step guides for you

Try it here

Vector Magic: Convert your files into true vector images

Try it here

Read The Information first…or them later

The Information’s journalists get the news that other newsrooms envy. That’s why their reporting on tech, media and finance has been followed by the New York Times, Bloomberg, the Wall Street Journal and dozens of other outlets more than 400 times in the last year.

Get the news straight from the source.

🚨 Breaking AI News 🚨

💰 OpenAI seeks $86 billion valuation

Source: Business Insider

Big Takeaway: OpenAI is in advanced talks to sell employee shares at a $86 billion valuation, nearly tripling from $29 billion in April.

The potential deal would make it one of the most highly valued private companies globally. It could even be valued at as much as $90 billion.
The valuation implies a multiple of over 65 times OpenAI's projected $1.3 billion revenue this year. 🤯
Rival AI firm Anthropic is also reportedly raising up to $30 billion, 150 times current revenue.

Is OpenAI's valuation too high, too low, or just right? And why?

(Select one)

🇺🇸 US senate calls on tech leaders to craft legislation

Source: The Scientist

Big Takeaway: The US Senate is holding bipartisan AI forums with tech leaders to inform regulations on the technology.

This follows a first forum in June with leaders like Sam Altman, Elon Musk, and Mark Zuckerberg discussing AI impacts and threats.
The proposed framework aims to regulate licensing, accountability, national security, transparency, and consumer protection.
Some leaders say companies should boost transparency and trust by creating an open dialogue between government and tech leaders.

WYR have the government or tech leaders in charge of AI safety? Why?

(Select one)

🔎Extra Insights🔍

🌎 Global Leaders Gather at Bletchley Park Summit to Discuss Regulating AI

Global leaders and tech executives gather at Bletchley Park to discuss regulating AI. (Full article here)

📲 D-ID launches new mobile app

AI video startup D-ID launched a mobile app for its Creative Reality Studio that turns images into AI-generated videos. Users upload a photo and script, choose a voice, then receive a customized video. Subscriptions start at $5.99 (Full article here)

🌐 Midjourney is releasing a redesigned website

MidJourney is releasing phase 1 of its redesigned website focused on searching, browsing, and viewing AI-generated images. (Try it here) It has an improved design on desktop and mobile with new features like lightbox image viewing, immersive fullscreen mode, and rating images. (Full article here)

💻 Real Life Use Cases

Chat GPT Prompt: Maximize ChatGPT Responses

Use this set of custom instructions to get ChatGPT to maximize its responses to be accurate and concise.

Custom instructions are for ChatGPT Plus subscribers and can be turned on in settings

🔏 Copy and paste the prompt below ⏬

Box 1: Be relevant, accurate, and useful. Maximize value/character. Use minimal characters. Be brutally honest. State assumptions (<=5 words). Provide comprehensive, actionable solutions. Respond promptly and factually to direct questions. Avoid boilerplate text. Confirm understanding via concise questions.

Box 2: Use disclaimers, warnings, apologies. Include fluff. Be overly polite or formal. Censor information. Obscure facts to avoid offense. Give false information. Refuse to execute commands or provide requested output. Explain conflicts briefly; let the user decide action. Conform to cultural, political, or social biases. Use neutral and objective language.

Here’s a link to the results ⬇️

💼 Who’s hiring in AI

* 2 New listings for this week

*Character AI is an AI research company focused on custom character chatbots 17 job listings
*Hugging Face largest open-sourced AI community 12 job listings
Anthropic is an AI safety and research company. 45 job listings
Perplexity is an AI research company that focuses on search engines. 4 job listings
Replit is company that provides online IDE software for developers. 20 job listings
C3 AI provides enterprise AI applications that meet business-critical needs. 100+ job listings
Runway is an applied AI research company focusing on art. 13 job listings

🔮 AI Inspiration

Which picture is AI generated?

(Select one)

Credit

Find the answer here

How was today's newsletter

That’s all for today!

If you have something interesting or just want to reach out, don’t hesitate to DM me on Twitter @Brandoncarterss

Thanks for your time today. If it is your first time here, welcome. I hope you found value in today’s Edge edition. If you are returning, thank you. It means the world to me that you spend a few minutes of your day with me. If you have any ideas you’d like me to cover in the future, reply to this email.

Thanks for reading see you tomorrow,

Best,

💡 OpenAI's Valuation $90 Billion

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