Shyamal Hitesh Anadkat’s Post

OpenAI DevDay dropped some game-changers! 🧠 #GPT4Turbo brings a massive 128K context window—think deeper tech conversations & smarter integrations. 🛠️ The new Assistants API? A dream for devs who dislike boilerplate code. Less fuss, more creation! 💸 The buzz was about massive cost cuts, but the reality? Significant, but not as low as rumoured. Still, it's a win for accessibility! 🔍 As for the mood in the dev circles—excitement's in the air with a dash of scepticism. Yes, bigger context windows are cool, but will they bring complexity headaches? 💡Companies may need to recruit individuals who are not only technically proficient but also strategic in the deployment of these tools. 🌱 And here's the kicker for startups: this tech could shake the very foundations of your product. Some may need to pivot, others will thrive with new AI superpowers. There will be challenges and difficult conversations in the sector over the next few months. But I'm sure nothing that our startup founders aren't used to. It’s a time of great potential for those who can adapt quickly and leverage these advancements to create value in the devtool sector. #TechRecruitment #DevTool

OpenAI Expands Its Horizons: Acquires Rockset! In a groundbreaking move, OpenAI has acquired Rockset, a dynamic search and database analytics startup. This strategic union promises to revolutionize the tech landscape, enhancing OpenAI’s data retrieval infrastructure across its product suite. #CorporateGrowth #InnovationLeadership #AnalyticsAcquisition #TechNews #OpenAIFuture #DataDriven #MarketExpansion #StrategicMove #atheostech

Having a bit of a time in the last days, I learned an error we made that broke our start. Back in 2019, we were envisioning to develop a community standard for open collaboration in Machine Learning. A sharable experience during MLOps. We had some money, but not much. The dev scope was very ambitious, a kind of product developers dream - we need this and ha! also that. We had a product, half-baked. It worked, looked good, but still was shaky on its knees. Like a dance with an early-stage robot. And then our boom moment: A global security & defence corporation reached out - basically the equipment dealer for James Bond. It would be a textbook start for our startup. We all fought for the catch. We had it, but we didn't. We had a POC, soooo exciting 😬! But we simply lacked ouuumpfhh capital. Motivation, super dedicated team, fun and tears. But no sufficient push to build what they needed. We had a too low-level entry deal. No major commitment for a dedicated, high niche - and in my view - high stakes problem. We failed to let our first big fish bite hard enough.

#CyndxDailyNewsletter Highlight 💡 What becomes of a coding assistant startup founded by former Google AI researcher, Microsoft software engineer, and chief architect from Pure Storage? Augment, the brainchild of three tech-forward founders, has just raised $227M to rival GitHub's Copilot. Augment is on a mission to empower developers with powerful AI capabilities, ultimately transforming the way software is developed. The startup intends on using the funds to accelerate product development, build new features, and expand its team ahead of its launch to market later this year. Read more about the future of AI coding here: https://hubs.li/Q02v1wJ_0 How are other firms utilizing M&A to broaden their reach? Subscribe to Cyndx's daily newsletter to find out: https://hubs.li/Q02v1rQZ0 #Cyndx #MergersAndAcquisitions #TechnologicalInnovation #AI #AICoding #Investment #Finance #SoftwareEngineeringTools

Sam's ready for Thanksgiving. He's now back at OpenAI as #CEO with a new #Board. Board-CEO clash on #tech commercialization led to a showdown - the drama was real! A powerhouse Board is key – clear structure, constructive feedback, diverse Board member experiences, and CEO empowerment. But, with #OpenAI it was more than just the Board issue; #OpenAI's unique company structure: A tax-exempt entity wrapped around a holding company, majority owned by #Microsoft on the for-profit side of business. Here are a few key lessons I've been coached and learned from industry luminaries when building a Board. 1. #Investors as Board Members? Absolutely! Just ensure their interests align with yours. 2.  Independent board members are gold. They're not just there; they're there to teach, add value, and keep the room balanced. It can also help if there is a person or two in the room that can tamper other investors in the board meetings if they get too aggressive. 3.  Beware the "press release independent Board members." Opt for experience over glamour. Sometimes a lack of experience can be overcome with raw brains & first principled thinking in a senior hire. 4.  Big company veterans might not get your startup climb. Aim for board members who understand the startup mountain. 5.  Don't fear losing control. A good board has the right to fire you – accountability is key. 6.  Board members = grandparents, not parents. They should guide, not micromanage. 7. Board members have two ears and one mouth - they should use them in proportion. 8.  Feedback is the breakfast of champions. Run anonymous 360 reviews, and expect everyone, including investors, to grow. 9.  CEO power move - you can replace board members. Just be crystal clear on why Sam Bankman Fried and Elizabeth Holmes would have likely been fired if they had a proper board, but wouldn’t be in prison. Changpeng Zhao, CEO of #Binance, could have avoided a $4 Billion settlement and Sam could have avoided a lot of headache. Feel free to share thoughts if I've missed any. Wishing everyone a joyful and happy #Thanksgiving! #fintech #payments #financialservices #technology #digitaltransformation # #innovation #chatgpt #llm #AI #bigdata #ML hundredX #leadership Microsoft

AI coding assistants are becoming a prime focus for investment within the AI sector, second only to large-scale model infrastructure. It's clear why: businesses are willing to invest between $500 and $5,000 annually per engineer on tools that boost efficiency and are in high demand by developers. This technology is proving to be a game-changer, distinct from solutions like GitHub CoPilot. Investor interest in AI code assistants is surging, underscored by GitHub Copilot's impressive growth of 40% QoQ and its 1.8 million paid users. The past year has seen substantial investment rounds in this space: #Augment secured $227M Series B round. #Cognition reportedly raised $175M in a funding round. #Magic garnered $117M in a Series B round. #Poolside raised an unprecedented $126M Seed round. #Replit closed $97.4M in Series B funding. #Codeium received $65M Series B round. #Warp announced a $50M Series B funding round. #Tabnine completed a $25M in its Series B funding round. Fig was recently acquired by Amazon.

Just saw Devin's video, and I'm really impressed! Devin is the first AI software engineer you interact with via a chatbot. It has its own browser, code editor, and terminal. It can build software and debug on its own. And he's available for hire on the maker's website! Devin was created by Cognition Labs, a US startup that raised $21 million in a Series A round led by Founders Fund. In the past day, according to Google Trends, searches for Devin quadrupled, and justifiably so! I'll put a link to the video in the comments 👇

So, I was reading this article, that open up the surprising twist happend at OpenAI, the story unfolded like a Hollywood movie. Sam Altman, the person driving advancements in AI like ChatGPT and DALL-E, was suddenly fired by OpenAI's board just a week ago. The reason? A mix-up in communication and a disagreement over something a board member said, though the details remain unclear. After Altman's departure, Greg Brockman, a co-founder, quit too, causing a lot of uncertainty. Mira Murati and then Emmett Shear briefly took over as CEOs, but things stayed turbulent. In an unusual move, almost 700 OpenAI employees threatened to quit unless Altman and Brockman were brought back. This showed how important it is for workers to have a say. Then Microsoft entered the scene, offering Altman and Brockman jobs to lead a new AI research team. Seemingly, this would mark their exit from OpenAI. But when it seemed like the story was ending, Altman surprised everyone by returning as OpenAI's CEO, bringing in a new board. Beyond the drama, this tale shows how unpredictable tech companies can be, how crucial it is for employees to have a voice and the challenge of leading in AI. Still, a big question hangs in the air: Why was Sam fired in the first place? People are guessing, but the real reason remains a mystery. source:

Predictions for software needs as AI evolves 🔮 : hire AI-savvy software engineers 💻 and computer scientists 💻 because the data infrastructure 🛣 is what matters now that AI has made models practically interchangeable I am decoding the geek speak for fellow entrepreneurs. 😁 I literally was just in a virtual mtg (Roundtable, Domain Aware LLMs) with some big-name bosses at big-name places, and there emerged a general consensus among them and myself, after having peeked into multiple startups. sign up for my newsletter to gain more insights! https://lnkd.in/gkimueZx

2024 will be even bigger for coding and software building. Amidst this scenario dominated by tech behemoths, how do startups like Replit, now a GenAI unicorn, carve out their niche? What makes Replit's approach so disruptive? Read about it at https://lnkd.in/exMuqqg5