xAI

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AI For Work
May 28, 2024

Top AI Art from Midjourney

Elon Musk’s xAI reaches $24 billion valuation on fresh funding round

AI to Replace 50% of Jobs by 2027 💀 

🤝 ChatGPT for finance

👀 Quick Links

❓️ The Broad View:

  • Traditional media’s AI revenge against upstart publications (Semafor).

  • 9 AI courses offering job guarantees (reed)

  • Here’s how you can get rid of AI Overviews in Search (The Verge).

  • The low-paid workers behind AI (Wired).

🖥️ AI tools for work:

Enquire AI: Make better decisions faster with Enquire PRO, AI-driven insights, and a network of 20,000 vetted leaders. (link)

NumbersStation: Unlock the power of data with Numbers Station's AI-native platform. Effortlessly source, clean, transform, and analyze data to gain actionable insights. No new infrastructure or AI expertise required. (link)

💰Jobs in AI:

  • Data Scientist: BCG X · United States · Hybrid · Full-time · (Apply here)

  • Lead Data Engineer: Typeform · United States · Remote · Full-time · (Apply here)

  • Artificial Intelligence Engineer: PowerUp Talent · United States · Remote · Full-time · (Apply here)

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Elon Musk’s xAI reaches $24 billion valuation on fresh funding round

xAI — the artificial intelligence start-up launched and run by tech billionaire Elon Musk — on Sunday announced the closure of a $6 billion Series B funding round. The company said the round included participation from Andreessen Horowitz, Sequoia Capital, Fidelity Management & Research Company and Prince Alwaleed Bin Talal, among others. 

  • Musk said in a post that the company’s pre-money valuation was $18 billion, meaning it has now secured a post-money valuation of $24 billion (OpenAI, for context, is valued somewhere between $80 billion and $100 billion). 

The details: xAI said that the money will be used to take xAI’s first products to market, “build advanced infrastructure and accelerate the research and development of future technologies.” Musk said in a separate post that "there will be more to announce in the coming weeks.”

Some context: Musk — who has said that the solution to AI risk is to make a “curious” and “truth-seeking” AI — believes artificial general intelligence will be solved next year, two points that many researchers do not agree with.

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AI to Replace 50% of Jobs by 2027 💀 

Kai-Fu Lee, former head of Google China and current chairman of Sinovation Ventures, reaffirms his 2017 prediction that AI will replace 50% of the global workforce by 2027.

In a recent Fortune interview, Lee stated that despite initial skepticism, the advent of generative AI validates his forecast. Lee underscores AI's potential to surpass electricity and the internet in importance.

He identifies repetitive jobs like truck driving and telemarketing as the most vulnerable. Lee's extensive tech career, including roles at Apple, Microsoft, and Google, bolsters his insights on AI's transformative impact on employment.

ChatGPT use case 🤝 

AI for Finance

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Thank You For Reading!

See you next edition!

P.S. Whenever you’re ready, here are a couple of ways for us to work together:

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