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How a startup can stand out in a world of AIđź’ˇ
🧍 How to stand out in a world of AI startups, Microsoft teams up with Mistral AI, the best LLM for summarizing YouTube videos, and more!
Everyday AI
February 27, 2024
Outsmart The Future
Today in Everyday AI
7 minute read
🎙 Daily Podcast Episode: Everyone's an AI-powered startup nowadays. So how can you stand out? We talked with Taplio’s CTO to find out. Give it a listen.
🕵️‍♂️ Fresh Finds: Native ChatGPT for MacOS, Mark Zuckerberg talks AI with Japan's Prime Minister, and how AI could lead to a 4-day work week. Read on for Fresh Finds.
🗞 Byte Sized Daily AI News: Microsoft teams up with Mistral AI, Apple’s plans for AI wearables, and Perplexity and ElevenLabs create an AI podcast. For that and more, read on for Byte Sized News.
🚀 AI In 5: Which LLM is the best YouTube summarizer? We’re having ChatGPT, Copilot, and Gemini all face off. See it here
🧠Learn & Leveraging AI: Are you an AI startup looking to stand out? Taplio’s CTO gives us the lowdown on what you should know. Keep reading for that!
↩️ Don’t miss out: Did you miss our last newsletter? We talked about Tyler Perry shutting down an $800 million expansion because of AI, Meta forms AI misinformation team, and Disney's AI plans. Check it here!
How to stand out in a world filled with AI startups - Insights from Taplio CTO đź’ˇ
Everyone's an AI-powered startup nowadays.
So how can you actually stand out and build a product or service that matters?
Tibo Louis-Lucas knows a thing or two about building successful companies.
He co-founded both Taplio and Tweethunter, two SaaS products powered by AI that were sold for over $10 million.
So how can your product or service stand a chance when just about everyone's an AI company?
Let's dive in.
Not an AI startup or looking to start one? There are still gems in here for you.
Join the conversation and ask Jordan and Tibo questions on AI and startups here
Also on the pod today:
• Leveraging AI in Startup Development 🛂
• Successfully Building and Growing AI Startups ⚒️
• The Future of AI and Potential Product Development ✅
It’ll be worth your 28 minutes:
Listen on our site:
Click to listen
Subscribe and listen on your favorite podcast platform
Listen on:
Upcoming Everyday AI Livestreams
Wednesday, February 28th at 7:30 am CST ⬇️
Thursday, February 29th - Roll the dice: Winning the probability game in AI visuals
Here’s our favorite AI finds from across the web:
New AI Tool Spotlight – Thinkbuddy is native ChatGPT for MacOS, AdsGency AI is an all-in-one ad platform, and Mistral Large is Mistral AI’s new AI model.
Big Tech – Meta CEO Mark Zuckerberg met with Japan’s Prime Minister to talk AI.
Future of Work - Here’s how AI might make the four-day work week a reality.
AI in Society – Researchers fed AI a camera feed from a child’s viewpoint. Here’s what happened.
Read This – This new AI model could streamline warehouse operations.
1. Microsoft Teams Up with AI Startup Mistral 🤝
Microsoft is joining forces with Mistral, a rising French AI startup valued at €2 billion, to bring Mistral Large to Azure AI. Mistral's new language model, competing with OpenAI's GPT-4, promises top-tier performance and will be available on Azure AI Studio. This partnership marks a strategic move for Mistral into commercial territory, challenging the dominance of existing models.
2. Apple's Future AI Wearables 🍎
Mark Gurman spills the tea on Apple's potential game-changers: AI-powered smart glasses and camera-equipped AirPods. These futuristic wearables are in the works, hinting at Apple's grand plans for the future of tech.
3. Perplexity x ElevenLabs Collab Podcast 🎙
ElevenLabs teams up with Perplexity to launch Discover Daily, a daily podcast covering innovation, science, and culture. By combining voice technology with Perplexity's search engine, they bring you curated knowledge in an engaging audio format that is fully created using AI.
4. EU Watchdog To Review Microsoft's Mistral AI Investment đź‘€
The European Union watchdog is side-eyeing Microsoft's €15 million investment in Mistral AI, raising eyebrows in the tech world. This move comes as Microsoft's ties with OpenAI are put under regulatory scrutiny, possibly jeopardizing its future plans. With regulators now examining the agreement closely, the tech giant might find itself in hot water sooner than expected.
5. Alibaba's New Execs Make Billion-Dollar Bet on AI Future 🤑
Alibaba's new leaders, Joseph Tsai and Eddie Wu, are spearheading a massive investment push into artificial intelligence, with a focus on generative AI technology like ChatGPT. The company recently led a $1 billion funding round for Moonshot AI, aiming to bolster its presence in the rapidly evolving AI landscape. Despite challenges like U.S. sanctions and intense competition, Alibaba is doubling down on AI to transform its business and stay ahead of the game.
Best LLM for YouTube Summaries?
Gemini vs. Copilot vs. ChatGPT: Who takes the crown in summarizing YouTube videos?
Using LLMs to summarize YouTube videos is a great way to win your time back and learn more, faster.
So that got us thinking, which LLM is best at YouTube summaries?
(You might be surprised at the results)
Check out today's AI in 5.
🦾 How You Can Leverage:
If you’re an entrepreneur trying to launch from scratch, or if you always have your eye on what’s next in tech, the AI-everywhere landscape we now live in makes for a daunting time to launch.
But also the best time.
If you’re interested in the startup space or if you’re trying to turn a side hustle into a full-time gig, today’s show is a must.
Tibo Louie-Lucas gave us the blueprint.
Entrepreneur extraordinaire Tibo, currently crushing as the CTO of Taplio, joined Everyday AI today to share his experience in building, burning and rebuilding more startups than you can count on your fingers.
He’s founded a number of successful companies and acquisitions, including Taplio, Tweet Hunter, and Typeframes.
(Seriously.)
With a decade of building, acquiring and selling startups, Tibo’s advice is legit golden.
(Not our words 👇)
Wanna hear how Tibo built and shipped a new SaaS product each week for four months?
Or how he secured a multi-million dollar acquisition?
Or what he’d focus on if he was just starting out now?
Good.
Now, let’s dissect the huge AI knowledge drop from Tibo to give your startup or new company the edge on how to stand out in a world brimming with AI everywhere.
1 – C️hange your startup approach 🗺️
Standing out in the SaaS or startup scene used to look different.
Tibo said his Key Performance Indicators tied to his definition of success have changed.
It used to be about having a big team.
Or raising a bunch of money.
Or stories to tell family at dinner.
Not anymore. AI has not only changed what success looks like, but also the right path to get there.
A newer approach: Ship fast, see what sticks.
Try this: In today’s show, Tibo detailed how the emergence of GenAI changed his approach on how to build and validate biz ideas.
Gone were slow MVPs and tag-teaming with 10 devs to launch a new product.
Tibo’s radical approach may serve as a future guide to others: he built and shipped a new product every week for 4 months.
Crazy thing?
It was a bunch of swings and misses until #11.
That product?
(Which now, along with Tweet Hunter, has hit $6 million in Annual Recurring Revenue. Sheeeesh!)
Go read a bit more about his journey and his million dollar exits.
2 – Build and validate in public 📣
There’s a hidden problem of AI making everything (including SaaS development!) so much easier.
You may not share about your journey or #buildinpublic, as there’s a fear anyone with a free weekend and a ChatGPT account could swoop in on your next big thing.
Instead, Tibo recommended a different approach — build AND validate in public.
When going from zero to MVP to customers, you need one of two things.
A lot of money or a large audience.
Building and validating in public can help you build an audience, which can then help with that whole money thing once you’ve validated your new startup’s product or service.
Try this: Everyone’s experience may vary here. Tibo gave some pretty straightforward advice, though: don’t worry about impressing anyone.
Steal his simple formula for building and validating in public:
Validation = build in public, experiment often, measure everything.
And that’s where GenAI can come in handy. Even if you’re not a developer or a coder, it doesn’t matter anymore.
(Check what NVIDIA CEO Jensen Huang said about the future of development with AI: it’ll be everyday language and AI doing the heavy work, not any programming language.)
Here’s a great no-code guide to using Generative AI to build your next great startup from scratch, no Dev experience required.
3 – Focus on unique partnerships 🤝
AI changes how the world works, so why work the old way?
Tibo dished all on how he gave us 25% of Tweet Hunter for a unique partnership.
In the early days of Tweet Hunter, he forged an unlikely partnership with JK Molina, a now well-known influencer and entrepreneur.
They forged an incentive-based equity deal based on Tweet Hunter’s success.
And yeah, it was successful.
(Zero to $10 million exit in less than 2 years!)
Try this: AI can give you superpowers. But, it doesn’t mean you should be talking with bots all day.
Tibo stressed the importance of striking unique partnership deals like the one between him and JK Molina, which lead to Tweet Hunter taking off. (Both on Twitter, and in the SaaS space, and in the revenue column!)
Go read about their complete journey in this in-depth article that details how an equity-heavy partnership lead to one of the quickest SaaS launch-to-multi million dollar exits to date.
⌚
Numbers to watch
$2.5 Billion
Alibaba is going all in on AI with a $2.5 Billion investment to in Moonshot AI.
Now This …
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