🐾 IN TODAY'S WILD
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AI Business
The open-source agentic startup LangChain has achieved a valuation of $1.25 billion after raising $125 million in a new funding round led by IVP. This news reinforces the view that AI is not a fleeting “bubble” but a lasting technological reality, which is being called “the use case that creates all other use cases.”
In the enterprise sector, Adobe has launched the Adobe AI Foundry, a new service that allows businesses to build custom generative AI models. These models are trained specifically on a company’s own branding and intellectual property, boosting tailored AI adoption.
In other tech developments, the trend toward open-source technology is set to make AI chip development cheaper and more accessible. Additionally, the feature allowing the creation of Copilot knowledge bases can now be converted to Copilot Spaces. However, an ethical concern has emerged as aid agencies are reportedly using AI-generated “poverty porn” fake images in social media campaigns, driven by cost and consent issues.
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🦾 AI daily pulse
Open source agentic startup LangChain hits $1.25B valuation
LangChain raised $125 million at a $1.25 billion valuation, the company announced on Monday. TechCrunch reported in July that the provider of a popular open source framework for building AI agents was raising fresh funds at a valuation of at least $1 billion. The deal was led by IVP, as we previously reported. New investors CapitalG and Sapphire Ventures joined in, as did existing investors Sequoia, Benchmark, and Amplify. [LINK]
Adobe launches a foundry service that builds custom generative AI models for enterprises
Creative design giant Adobe is beefing up the products it offers businesses to include custom generative AI models. Adobe launched Adobe AI Foundry on Monday, a new offering that allows enterprises to work with the company to build custom generative AI models trained on their branding and intellectual property. [LINK]GenAI: The use case that creates all other use cases
Recently, there has been a buzz of discussion on the future of AI. It has been widely written that this is an AI bubble and can burst any time soon. In my opinion, AI is not a bubble, but a reality that will stay with humankind forever. [LINK]
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⚡️ Top trends
Good developer marketing is just good writing Orwell’s 6 questions and 6 rules are a great way to start practicing [LINK]
This prompt turns ChatGPT into what it should be. Copy-paste it in ‘custom instructions’: [LINK]
💻 Top techies
Copilot knowledge bases can now be converted to Copilot Spaces [LINK]
AI chip development to become cheaper, more accessible with open-source technology. Microprocessor engineer Jim Keller notes that open-source chips are improving steadily. [LINK]
🔮 What else
AI-generated ‘poverty porn’ fake images being used by aid agencies
Exclusive: Pictures depicting the most vulnerable and poorest people are being used in social media campaigns in the sector, driven by concerns over consent and cost. [LINK]The Singularity is Here: AI is Solving Math, Sora Outpaces Chat-GPT & AI is Designing Chips