🚀STARTUP SPOTLIGHT

• Unlocking Startup Success: 25 Crucial Insights for First-Time Founders (Link)

• How to Keep Your Job as Your Company Grows (Link)

• What's the Key to Winning Over Major Clients? Learn from Elizabeth Elting's Journey! (Link)

• The Investment Secrets of a Silicon Valley Legend: Mike Maples Jr. on Building and Backing Breakthroughs (Link)

• Unlocking Growth During a Downturn: Discover Three Surprising Startup Strategies (Link)

• Secrets of Success: How Patrick Bet David Built a $500 Million Empire (Link)

• How to Achieve Billionaire Status by 25: Secrets from Luminar's Young CEO (Link)

• What Drove Jay Chaudhry to Build a $30 Billion Company at 65? (Link)

🎯WEB PICKS

• OpenAI Launches GPT-4o Mini, Their Most Capable Small AI Model (Link)

• Why are Savvy Businesses Turning to Small Language Models? (Link)

• Are Apple and Microsoft Pioneering the Future of AI with Small Language Models? (Link)

• Phi-2: The surprising power of small language models (Link)

• AI Giants Unite to Promote Security: Google, OpenAI, Microsoft, Nvidia Form Coalition for Secure AI (Link)

• Apple and Nvidia Scrape Over 100K YouTube Videos to Train AI (Link)

• Apple Asserts No YouTube Data Used in Training Apple Intelligence (Link)

• Meta Suspends Generative AI Tool Development in Brazil (Link)

• Nvidia and Mistral Introduce Mistral-NeMo for Enterprise AI on Desktops (Link)

📈INVESTMENT & FUNDRAISING

• Small Language Models Rising: Arcee AI Secures $24M Series A Funding (Link)

• Accel Leads $18 Million Series A Round for Fashion Startup Newme (Link)

• Google to Lead $250 Million Funding Round for Mobile Startup Glance (Link)

• Fibr Secures $1.8 Million in Funding Round Led by Accel (Link)

• Healthcare Revenue Collection Startup Thoughtful AI Raises $20M to Enhance Efficiency (Link)

• Romanian Startup .lumen Secures €5M for Smart Glasses for the Blind (Link)

• Saronic Raises $175 Million in Series B, Reaches Unicorn Status (Link)

• Go Locum Secures $350,000 in Seed Funding for Regional Doctors Staffing Platform (Link)

🎯 RECOMMENDATIONS

Boost your entrepreneurial skills and AI knowledge with these selected newsletters.

They're great for anyone running a startup, interested in artificial intelligence, or wanting to keep up with the latest AI tools and trends.

Subscribe to these publications FREE, and get access to loads of useful insights and information.

🔬 AI RESEARCH

How Businesses Can Benefit from Super Tiny Language Models

Recent advancements in large language models (LLMs) have been driven by attention-based autoregressive transformers, which enhance performance by increasing parameters and data size.

Major companies like OpenAI, Google DeepMind, and Anthropic have adopted this scaling strategy. However, the extensive resources required for such large models limit academic competition, pose environmental risks, and reduce practicality for edge devices due to slowed inference speeds.

Conversely, smaller models like TinyLlama, Phi-3-mini, and MobiLlama, despite needing substantial resources, remain more accessible and promote quicker experimentation.

This research advocates shifting from merely scaling down large models to using smaller models as a testbed for improving parameter and sample efficiency, exploring more sustainable AI development methods.

Key Insights

• 🏛️ Scalability vs. Accessibility: Increasing the scale of LLMs improves performance but reduces accessibility for academic researchers due to high resource demands.

• ⚡️ Environmental and Practical Concerns: The environmental impact and practicality of operating massive models are becoming significant concerns, with proposals for nuclear energy solutions highlighting the extent of these challenges.

• 🔬 Potential of Small Models: Small models, though limited by resource demands, still offer a viable path for competitive performance, making them crucial for innovative research.

• 💡 Focus on Efficiency: The focus on small models serves as an opportunity to innovate on improving efficiency in terms of both model parameters and data usage, which could lead to more sustainable and broadly accessible AI technologies.

⚠️ Why This is Important

The importance of this research lies in addressing the scalability and accessibility issues associated with current LLMs.

By focusing on smaller models, the field can develop more resource-efficient technologies that are not only environmentally sustainable but also accessible to a broader range of researchers.

This shift could democratize AI research, enabling more rapid experimentation and innovation, and potentially leading to breakthroughs in AI that are practical for a wider array of applications, including those running on edge devices.

Take some time to review the research paper, if you could.

🎭 MEME MAGIC

AI Chatbots: The Perfect Match!

💹 GROWTH STRATEGY

Why are Savvy Businesses Turning to Small Language Models Instead of Their Larger Counterparts?

🤔Are you looking for AI solutions that align with your business's specific needs? Have you considered the power of specialization?

Yes, if you're searching for AI solutions that fit the unique contours of your business, small language models could be exactly what you need.

In recent years, the landscape of natural language processing (NLP) has evolved significantly, leading many businesses to reconsider their approach to language models.

While large language models (LLMs) like GPT-3 and its successors have garnered attention for their versatility, smaller, task-specific models are proving to be more effective in certain scenarios.

These models excel in specialization, allowing them to be finely tuned to address specific challenges or processes within your business.

This bespoke approach not only enhances their effectiveness but also streamlines implementation and reduces costs compared to the broader, less targeted large language models.

It's a strategy that aligns closely with a business’s operational needs, ensuring that the technology you invest in is both efficient and highly relevant to your goals.

Learn why savvy businesses prefer small language models over larger ones for smarter growth!

🤝 PROMPT USE CASE

How to Use ChatGPT to Analyze and Report Sales Data

How It Works:

• Data Collection: Provide your monthly sales data in CSV, Excel, or integrate directly with your data management systems.

• Data Analysis: ChatGPT processes and analyzes your sales data, computing key metrics like total sales, average order value, and sales growth.

• Report Generation: ChatGPT generates comprehensive reports with summaries, visualizations (charts and graphs), and insights to help you understand trends and performance.

• Actionable Insights: The final report highlights critical insights and suggests actionable strategies to improve your sales performance.

Why Use It:

1. Efficiency: Quickly analyze large volumes of sales data without manual effort.

2. Accuracy: Reduce the risk of human error in data analysis and reporting.

3. Insights: Gain deep insights into sales trends, customer behavior, and market performance.

4. Customization: Tailor reports to specific metrics and needs, ensuring relevance and value.

5. Time-Saving: Free up valuable time for your team to focus on strategic initiatives rather than data crunching.

6. Scalability: Handle growing data volumes as your business expands, ensuring continuous, high-quality analysis.

💡Prompt:

Can you help in analyzing and summarizing our monthly sales data? We are specifically interested in the following metrics and reports:

• Total sales revenue for the month

• Sales growth compared to the previous month

• Average order value

• Top-performing products and categories

• Sales by region and sales channel

• Customer acquisition and retention rates

• Monthly sales trends and patterns

• Visualizations for the above metrics (charts, graphs)

By using this prompt, ChatGPT will provide a detailed analysis and summary of your sales data, helping you make informed business decisions.

🤖 AI TOOL

Best AI Music Tools

1. 🎹 Riffusion: Real-time music generator with customizable instruments.

2. 🧠 Brain.fm: Focus-enhancing background music with brain-stimulating pulses.

3. 🎵 Boomy: Easy song creation and personalization for sharing.

4. 🎨 Pollinations: AI-driven tool for creative digital content generation.

5. 🎧 Natural Language Playlist: AI-generated playlists based on lyrical and musical analysis.

6. 🎼 Musico: Creates unique, royalty-free music from user inputs.

7. 🎥 WZRD: Enhances audio and video with stunning visual effects.

8. 🎤 Synthesizer V: Produces lifelike singing vocals in multiple languages.

9. 🎸 Chord AI: Identifies chords from songs and live inputs.

10. 🔍 Cyanite.AI: Music search tool with fast tagging and personalized recommendations.

🤝PARTNERSHIP

Hey, fellow newsletter publishers,

We want to share a game-changing secret that could elevate your brand-new newsletter to the next level.

Curious about how Jennifer Chou transformed her social media success into a profitable newsletter business?

According to Chou, "It's really easy to get started because you don't even need a website or anything. There are templates to help, and it's very easy to just sit down and write."

Want to know how you can achieve the same success? Let’s dive in!

Sounds like a dream, right? Well, hold on to your sunhat because we've got some exciting news!

What if we told you that making just five referrals a month could earn you over $20,000 a year? 🌴💰

Imagine if you could be next! 😄😄😄

That’s right! It’s not just a possibility; it’s a REALITY with thebeehiiv Partner Program.

📊PRODUCTIVITY TOOLS

AI Tools to Boost Your Productivity

✅ Builco: Build MVPs with Next.js in minutes using AI.
✅ Archie: Design and plan software applications in minutes with AI.
✅ Intelligent Canvas: Reinvent the Miro canvas with AI and composable workflows.
✅ Flow Studio: Generate AI short films and videos from text.
✅ RewriteBar: Enhance your writing in any macOS app with AI assistance.
✅ Loops: Discover your biggest causal insights with product analytics.
✅ Waveform.ai: Create better surveys with AI voice forms.
✅ Scade.pro: Transform AI into revenue, engagement, and new projects.
✅ Paillor: Support and automate employee tasks with AI.
✅ KapKap: Edit videos with dynamic subtitles easily.

View More