Your weekly briefing on all things AI

Coming hot on the heels of the successful launch of the Rabbit R1, the debut of the Open Interpreter (O1) epitomizes the constant evolution of disruptive technologies. The Rabbit R1, priced at $199, was essentially the first AI-agent in your pocket. A uniquely simple interface designed to use apps for you. However, the O1, introduced at a lower price point of $99, has set a new standard by enabling language models to execute code on local devices, all open source, offering unprecedented flexibility and depth. Advancement is great for everyone, but it behooves investors to be aware of what technologies are coming that may make previous novelties obsolete. (See video here)

More Inside:

📰 $9/hour nurses from Nvidia outperform humans

📈 Major insider selling and some 8 figure raises

💡 Google’s hand in the projected $22B market of generative AI in Healthcare

🛠️ Tools to automate your business workflows

Let’s dive in!

📰 AI in the News

Nvidia & Hippocratic AI Develop AI Nurses - $9/Hour

High-powered chipmaker Nvidia partnered with Hippocratic AI to develop AI-powered health care "agents" surpassing human nurses on patient calls. Hippocratic's AI agents were tested by over 1,000 nurses and 100 physicians, showing superior performance over human nurses in identifying medication impacts, condition-specific over-the-counter medications, lab value comparisons, and detecting toxic dosages.

The AI-powered health care agents cost about $9/hour to operate, and have significant potential to mitigate staffing shortages- improving access, equity, and patient outcomes in healthcare. (Full Story)

More Stories

• Intel was awarded $8.5B to build up chip manufacturing in the US. (link)

• CBinsights is launching a product to create personalized investment analyses. (link)

• Apple is relying on Google & Baidu for AI capabilities. (link)

• Nvidia releases a new chip built for humanoid robots called Gr00t. (link)

• Stability AI CEO steps down to pursue decentralized AI. (link)

• GPT-4 significantly outperforms humans at persuasion. (link)

• Character.ai, an AI chatbot hub, launched character voices. (link)

📈 Venture Deals

Major Insider Selling from Tech Juggernauts

While tech valuations continue to soar, it’s noteworthy to point out the increased ratio of insider selling going on in Q1 of this year.

• Jeff Bezos has sold $8.5 billion worth of Amazon shares so far in the year.

• Andy Jassy, CEO of Amazon, sold about $21 million worth of shares so far this year.

• Peter Thiel sold $175 million worth of Palantir shares.

• Mark Zuckerberg sold $135 million worth of Meta shares in February.

Meta, Amazon, Microsoft, and Alphabet are trading at or near all-time highs. It’s not surprising that we have some sell-off’s but what will be interesting to watch is how these funds get re-allocated. Are tech leaders pulling out of what they perceive to be a bubble, or are they preparing their war chests for more innovations to come?

More Venture Deals

• Benchmark is investing $60M in HeyGen, an AI video generator, at a $440M valuation (link)

• Hippocratic AI raised $53M for its safety-focused LLM for healthcare (link)

• Proscia raised $46M for digital pathology software (link)

• Unstructured raised $40M to make raw data LLM-ready (link)

• HiLabs raised $39M to propel AI-driven data management solutions for healthcare entities (link)

• Pi Health raised $30M for cancer treatment (link)

• Nanonets raised $29M to produce an autonomous AI agent for back-office operations (link)

• Lily AI raised $20M for its retail AI platform (link)

• Cureskin raised $20M for its dermatology platform (link)

• RapidCanvas raised $7.5M for its auto AI platform built for businesses (link)

• Big Sur raised $6.9M for its e-commerce platform (link)

• Redcoat raised $4.24M for cybersecurity defense (link)

💡 Industry Impacts

🏥 Healthcare

Google Has It’s Hand In Healthcare: The generative AI in the healthcare market is projected to reach $22.1 billion by 2032 and Alphabet is making sure to have a piece of that pie. On top of their collaborations with companies like Fitbit, and Apollo Radiology, they’ve products like Vertex AI and MedLM to stay competitive. (link)

⚖️ Legal

House Judiciary Chair Launches Investigation into IRS: Jim Jordan R-Ohio and Harriet Hageman, R-Wyo are investigating whether the IRS is using artificial intelligence to improperly surveil taxpayers. The Treasury Dept. has recovered $375M in FY 2023, but IRS official Alex Mena admitted to leveraging vast amounts of financial data, including bank accounts. (link)

💰 Finance

The Financial Times is Leveraging AI: Financial Times introduces Ask FT, an AI chatbot trained on decades of its own articles. A few hundred paid subscribers in the FT Professional tier can use Ask FT to get curated natural language answers based on FT's archives. Ask FT provides responses to questions about current events and broader topics using citations. The chatbot is currently powered by Claude, a large language model developed by Anthropic, but FT seems open to iterating based on user feedback. (link)

🛠️ Tool of the Week

With Bardeen AI, individuals can create custom automations effortlessly through natural language input or predefined use cases. The platform excels in tasks like summarizing meetings, sending reminders, crafting personalized messages, extracting data from websites, and automating browser actions. By leveraging AI technology, Bardeen AI empowers users to focus on high-value tasks by automating mundane and time-consuming activities effectively. Read more about it’s capabilities here.

More Workflow Automation Tools

• DryMerge lets you set up repetitive workflow automations with plain English

• Speck.bot turns browser recordings into automations (currently a waitlist).

• Monday.com is a project management tool with intuitive automation capabilities, many of which are templated.