The Dark Appetite of AI
Caya (Jose Cayasso)
CEO at Slidebean. 500K+ Youtube subscribers. TEDx Speaker. 500 Startups Alum. 40-under-40.
The Grammys gave us unforgettable moments both on and off the stage, setting the stage for an exciting week ahead ??
In today’s edition, we delve into a?burgeoning data market?that's reshaping industries, the captivating allure of biotech for investors, China's challenges in funding AI startups, and the intriguing prospect of an Olympic-style event allowing performance-enhancing drugs by 2025 ???
It's like a scene straight out of Black Mirror, yet it's only February 2024.
And don't miss our video at the end of the email, where we share our adventure?attempting to pay with Bitcoin in El Salvador?following Bukele's recent re-election ?
Enjoy today's read!
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Join the Startup Club ???? ? https://yt.slidebean.com/0yf
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Six bullets of updates
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Feeding the AI Beast
A booming data market is emerging to feed hungry AI models, with companies like Meta and OpenAI needing massive datasets to train their models. New York City-based startup, Nomad Data,?has built large language models to match over 2,500 data vendors to data buyers. The company offers data discovery, allowing companies to search for specific types of data in natural language.
Nomad's CEO, Brad Schneider, highlights that the true value lies not in the training data, but in the constant feeding of live data (inference) to AI models for predictions or task-solving. He also emphasized the increasing importance of customized training of AI models using specific datasets.
This data market phenomenon has led to a surge of data vendors, including media outlets and corporations. Nomad Data's business model revolves around using AI to find new data vendors. Schneider predicts that the market's?most exciting part will be the utilization of previously invaluable data in business operations due to new technology.?
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Startup Events and Deadlines
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Takeaways from this week’s podcasts
Securing a significant funding round doesn’t necessarily spell disaster for competitors. In fact, some companies receive funding and are sometimes pushed towards unsustainable growth, potentially leading to decisions that aren’t in the company’s best interest in the long term.
This is an essential insight:?Startups should focus on their customers?and product development rather than getting too caught up in competitor moves. Early-stage startups are mainly competing with themselves to meet market needs effectively. Pay more attention to customer-focused strategy than panicking in response to competitors’ funding news.
?Ryan Rutan and Will Schroeder in the?Start-Up Therapy Podcast.
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These companies just raised money
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Biotechnology is sexier than ever
Biotechnology is thriving for its ability to enhance health and revolutionize agriculture. In essence, to provide a fair summary,?biotechnology encompasses everything. With government support and technological advancements, the stocks of critical players like MannKind (MNKD), Illumina (ILMN), and TG Therapeutics (TGTX) have become pillars that simultaneously explain the significant growth of the sector???
With exciting market projections and FDA support, biotechnology is?poised to reach new heights. Moreover, upcoming trends such as bioprinting and tissue engineering are set to make waves this year.???
As per a report from Grand View Research, the global biotechnology market is projected to reach $3.88 trillion by 2030, demonstrating a robust compound annual growth rate (CAGR) of 14% between the forecast period of 2024 to 2030.
So, if you're seeking financial excitement, watch?these three major biotech companies closely.
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?Data Room for Investors
An investor data room is a storage space, digital or physical, where companies store information relevant to due diligence. We've put together?a FREE Template/Checklist?of all the items your data room should include, along with resources and tools for obtaining them.
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The bitcoin-lover president was re-elected
Last Sunday, Nayib Bukele was chosen for a second presidential term in El Salvador. This country has Central America’s slowest economy during his time in power. Revisit our adventure trying to pay with Bitcoin in El Salvador -?and don’t forget to subscribe!
Absolutely loving the journey from data to biotech! It's a mesmerizing transition. Remember what Steve Jobs said, "Innovation distinguishes between a leader and a follower." ?? Speaking of innovation, if you're passionate about making a mark, there’s an upcoming sponsorship opportunity for the Guinness World Record of Tree Planting that might pique your interest. Thought it could align wonderfully with your adventurous spirit! Check it out here: https://bit.ly/TreeGuinnessWorldRecord ???
Absolutely inspired by your commitment to #veteranemployment and the smooth transition for our heroes through #dodskillbridge! ?? Remember, as Steve Jobs once said, "The only way to do great work is to love what you do." Your passion for making a difference is truly paving the way for many. Keep shining! ????