EBOOK Keys To AI
EBOOK Keys To AI
EBOOK Keys To AI
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JULIO COLOMER, AI ACCELERA
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KEYS TO ARTIFICIAL INTELLIGENCE
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Table of Contents
Introduction.
Preface.
The origins of new AI: data science, machine learning, and deep learning
Simple definition of Data Science, Machine Learning and Deep
Learning.
What is the reason for the recent exponential acceleration of new AI?
Simple definition of LLM and its influence on the new AI.
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Deep Fakes.
Oppressive Surveillance.
Manipulation of Public Opinion.
Spam and Fraud.
Introduction.
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4. Hire an AI Leader.
5. Introduce AI Transformation Throughout the Company.
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Startups of the new AI phase vs. startups of the birth of the Internet.
Similarities.
Differences.
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AI Startup Accelerators.
More Than Investment.
Community as a Cornerstone.
Benefits to Accelerators.
Leading AI Startup Accelerators.
Bibliographic References.
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Introduction
“Generative AI is the most powerful tool ever created. It has the potential
to unleash a new era of human innovation.”
Elon Musk, founder of Tesla and SpaceX.
“The new Generative AI has the potential to change the world in ways we
can't even imagine. It has the power to create new ideas, products, and
services that will make our lives easier, more productive, and more
creative. It also has the potential to solve some of the world's biggest
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Do you remember what businesses, jobs, and life were like before the
Internet? Do you recall how that technology changed... EVERYTHING?
Think about the number of new companies, jobs, and activities that the
Internet generated. Also, consider the number of companies, jobs, and
activities that became obsolete.
Lastly, think about how the Internet changed the lives of people who
understood its vast potential and decided to take steps to leverage it. Think
of those entrepreneurs, professionals, students, businessmen, investors.
As with the Internet, the first steps to take advantage of the benefits of this
new revolution are to get informed, learn, and start experimenting. The
purpose of this book is to help you take those first steps.
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● Pytorch for Deep Learning in 2023: from Zero to Mastery. Udemy, led
by Daniel Bourke.
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○ Seaborn.
○ ScikitLearn.
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He lived and worked for 10 years in Silicon Valley (California, USA), where
he worked at several tech multinationals and had the opportunity to
experience firsthand the explosion of web 2.0 and SaaS applications.
He combines his role as CEO of the AI Accelera with the position of CEO of
the Silicon Valley Accelerator and as President of the Forum of Friends of
Silicon Valley and Silicon Wadi from Spain and Latin America.
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Preface
On the day of chatGPT's launch, I knew that the new Artificial Intelligence
would be my passion for the next twenty years.
This is the book I wish I had found when I started the journey. As you can
see with a quick glance at the table of contents, the book covers the
necessary issues to understand the potential of the AI Revolution in four
critical areas: application in business, employment opportunities,
educational path, and opportunities for startups.
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This book and all the actions of the AI Accelera (AIaccelera.com) aim to
make the immense potential of Artificial Intelligence accessible to
businesses, professionals, startups, and students worldwide.
Julio Colomer.
CEO of AI Accelera.
CEO of Silicon Valley Accelerator.
President of the Friends of Silicon Valley and Silicon Wadi Forum.
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Disruption:
the new AI and the old AI.
AI was already here: everyday AI applications.
Although for many, Artificial Intelligence (AI) might seem like a novelty or
futuristic technology, the truth is that AI has been a part of our daily lives
for a while now, often operating invisibly in common-use applications and
services like the following:
Ad Targeting (Google).
Through machine learning techniques, systems can predict which ads will
be more relevant to an individual user based on their search history,
browsing behavior, and other data.
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TikTok Feed.
This system recommends products based not only on your history but also
on the history of users with similar behaviors to yours.
Filtros en Snapchat.
Spam detection.
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Content moderation.
Loan evaluation.
Lead scoring.
Churn prediction.
Companies can predict which customers are at risk of churning and take
preventive actions.
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Data Science: It's the field of study that combines skills in programming,
statistics, and business knowledge to extract insights and knowledge from
data. Think of it as being a data detective: you look for clues, identify
patterns, and make discoveries that can help companies make more
informed decisions.
Machine Learning: It's the technique that allows computers to learn from
data. Instead of programming specific rules to perform a task, you provide
the computer with examples, and it "learns" from them. It's like teaching a
child to differentiate objects: after seeing enough examples, it can identify
them on its own.
Deep Learning: It's a technique within Machine Learning that uses neural
networks with many layers (hence the "deep" in its name) to analyze
various types of data. It's like your computer having a virtual brain that can
recognize complex patterns after being trained on massive amounts of data.
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It's especially useful for tasks like image recognition and natural language
processing.
More data.
We live in the era of big data. Every day, exabytes of data are generated due
to the widespread use of mobile devices, social networks, sensors, IoT
devices, among others. This data deluge has provided the necessary "fuel"
to train more accurate and robust ML models.
New AI Methodology.
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Faster Computers.
- GPU: Graphics processing units are not only essential for gaming but have
also proven to be extremely useful for training ML models, especially in
deep learning, due to their ability to handle parallel matrix operations.
Imagine a computer program that has "read" so many books, articles, and
web pages that it can talk about nearly any topic. It not only remembers
what it has "read," but it can also combine and use that information to
answer questions, help you write, or even chat with you. That's a Large
Language Model (LLM). It's like a super language expert that has absorbed
a wealth of information from the world.
Thanks to LLMs, artificial intelligence has taken a huge leap. Instead of just
following instructions, these models can interact, adapt, and provide more
human-like and personalized solutions.
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Traditional ML: Specialized and designed for specific tasks. For example, a
model trained to recognize images of cats cannot recognize cars without
new training.
Generative AI: Creative, has the ability to produce new and original
information such as writing a paragraph about cats or generating a new
image of a cat.
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Interactivity.
Traditional ML: Trained with specific and often limited datasets designed
for concrete tasks.
Typical Applications.
In summary, while traditional ML has been a powerful tool for specific and
well-defined tasks, the new Generative AI expands possibilities, allowing
for more flexible, creative, and adaptive solutions. Interaction becomes
more natural, and potential applications multiply, opening a new world of
opportunities in the field of artificial intelligence.
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Data Processing:
- Searching and organizing large datasets.
- Analyzing large volumes of data in real-time.
Games:
- Board games like Go and chess. For example, DeepMind's AlphaGo
defeated the world Go champion, a game considered more complex than
chess in terms of possibilities.
- Video games, where AI can learn and adapt to human players' strategies.
Image Recognition:
- Classifying images into specific categories.
- Detecting patterns or anomalies in images, such as tumors in X-rays.
Repetitive Tasks:
- Automation of processes in factories or warehouses.
- Detecting fraudulent transactions in payment systems.
Logistical Optimization:
- Optimal routing for package delivery.
- Managing power grids or traffic systems to optimize flow and reduce
congestion.
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Data-Driven Prediction:
- Weather forecasting based on collection and analysis of large amounts of
weather data.
- Predicting stock market trends (though with limitations and risks).
Most AI systems are designed for specific tasks and lack the general
capacity to reason, feel, or comprehend broader contexts as humans would.
Therefore, AI cannot replicate the breadth and depth of human
understanding and capabilities as a whole.
Arguing that advancements like ChatGPT are models that "basically already
existed in a different format" or that LLM applications are mere "wrappers
around an LLM" is to pretend that we are not in a substantially different
phase from the previous one. Apart from everything outlined in the
preceding points, it's worth noting that ChatGPT is the fastest application
to reach 100 million users in history.
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Internet Search.
Education.
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Work.
- Threats: Job displacement, particularly in routine tasks, and the need for
continuous training to adapt to new tools.
Programming.
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Black box.
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Adversarial attacks.
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With so many emerging tools and platforms, ensuring they can work
efficiently and coherently together is crucial.
Information overload.
- High cost: GPUs have become incredibly expensive due to high demand,
increasing operational costs for startups and research projects. GPUs are so
scarce and expensive that many startups seek investment rounds just to
afford their own GPUs. This is the case with companies like Inflection
($1.3B), Mistral ($113M), Reka ($58M), Poolside ($26M), and Contextual
($20M).
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- Alternatives to GPUs: While GPUs are currently the primary choice for
training deep learning models, scarcity might accelerate the development
and adoption of alternative hardware, such as TPUs and FPGAs.
Long-term implications:
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Deep Fakes.
AI can create realistic-looking fake videos or audios that can be used for
defamation or misinformation.
Oppressive Surveillance.
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How to Introduce AI
in Your Company
Introduction.
Just like the way the Internet did, study after study shows that AI is going
to transform virtually every business. The sooner you initiate the change in
your company, the more advantage you'll gain over your competitors.
In this chapter, we will show you how AI will impact your company and
what you can do to prepare for the transition in the best possible way.
You will learn the phases of an AI Transformation Plan and its technical
implications, as well as the keys to building a successful AI team. You'll
discover how to identify AI projects that can be developed in your company
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and practical cases that will help you understand the main components of
an AI project. Finally, you will learn how to avoid the most common
mistakes when introducing AI into your company.
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Customer Operations.
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AI can analyze multiple data sources, such as social media, news, internet
searches, and customer reviews, to gain deep insights into market trends
and customer opinions.
Content Personalization.
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Software Engineering.
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Computer Vision.
- Object detection and positioning: It not only identifies objects but also
determines their position. A notable example is self-driving cars.
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Robotics.
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Once you have a basic understanding of AI, brainstorm with your team
about potential AI applications in your business.
3. Hire AI Professionals.
Once you've identified potential projects, it's time to hire the experts. AI
specialists will help you translate your ideas into viable projects and
implement AI solutions.
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4. Hire an AI Leader.
To ensure that your AI efforts are well-directed and aligned with your
company's overall vision, consider hiring an AI leader or director. This
person will oversee all AI-related projects and ensure their efficient and
effective implementation.
With a team and a leader in place, begin the AI transformation within your
company. This involves not only implementing individual projects but also
integrating AI into the culture and daily operations of your company.
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process lasting several weeks, but it's crucial to establish the right
foundations.
Choose a small and straightforward initial project. This will allow you to
gain a clear understanding of AI capabilities and limitations.
Select a project that can easily succeed rather than a challenging one, even
if it's more valuable. The goal of the pilot project is to show positive results
within a 6 to 12-month timeframe.
With the experience gained from pilot projects, it's time to build a
dedicated AI team. This team will be responsible for executing future
projects and integrating AI into various areas of the company. In a later
section, we will outline the key components of an AI team.
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Once you have a clearer and deeper understanding of what AI can offer, it's
essential to formulate a long-term AI strategy. This strategy will guide the
implementation and expansion of AI within the company, ensuring
alignment with the overall business objectives.
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It's crucial to ensure that all stakeholders, from employees and leaders to
customers and investors, are informed and aligned with the company's AI
strategy.
Once employees are comfortable with ChatGPT, you can start using it to
streamline specific tasks. For example, ChatGPT could assist in answering
frequently asked questions, aid in drafting, or provide quick information.
The idea is for AI to work alongside people, enhancing their efficiency and
productivity.
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In areas where tasks are highly repetitive and don't require a human
touch, ChatGPT can take on a more prominent role. This could include
managing responses to routine queries or automating processes that
previously required manual intervention. It's advisable to ensure that
employees displaced by AI receive training and opportunities in other areas
of the company.
This not only streamlines the customer experience but also allows your
team to focus on more complex issues or provide a personal touch when
needed.
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The power of AI lies in its ability to process and learn from large amounts of
data. Sometimes companies offer free products or services with the primary
goal of collecting valuable customer data. This strategic data acquisition can
provide critical information to the company that, when used to feed AI
systems, can result in insights and innovative solutions.
3. Progressive Automation.
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between humans and machines will change, requiring adaptation and role
restructuring within the company.
This role is essential to ensure that AI projects align with the company's
needs and objectives. The AI Director is a professional with hybrid
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technical and business knowledge who plays a crucial role in deciding what
to build - evaluating what is technically feasible and what will bring value to
the business - as well as in planning, managing, and monitoring AI projects.
Data Engineers.
Data Engineers are responsible for storing, organizing, and protecting data,
ensuring they are available and in a suitable format for analysis and ML
model training.
Researcher / ML Scientist.
These are the experts who research and apply the latest innovations in the
field of machine learning. They work at the forefront of AI, experimenting
with new techniques and approaches to improve existing models and
solutions.
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It's important to remember that no AI model will have 100% accuracy. The
inherent limitations of machine learning, combined with factors such as
insufficient data, poorly labeled data, or ambiguous labels, can affect model
accuracy.
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Data is at the core of any AI project. An AI team will typically consider two
main sets of data:
- Training dataset: This is the dataset used to train the model. The machine
learning model will study this data to learn how to predict the behavior of
the test data.
- Test dataset: Once the machine learning model has been trained and has
learned, it's tested on this dataset. The test dataset allows for evaluating
how the model performs with data it hasn't seen before, providing a
measure of its accuracy and effectiveness.
The first step is to look for ideas at the intersection of what AI can achieve
and what is genuinely valuable for your business. It's essential to combine
technical knowledge of AI with a deep understanding of your industry or
business's specific domain.
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- Business Value Drivers: Reflect on the activities or areas that generate the
most value for your company.
- Weak Points: Identify and analyze the main challenges or weak points in
your business.
You don't always need vast amounts of data to benefit from AI. With
techniques like transfer learning (readapting pre-trained models), smaller
datasets are often sufficient to achieve acceptable performance.
Given that an AI project can involve significant time and effort, it's crucial
to perform due diligence before committing.
- Necessary Data: Determine how much data is needed and whether you
have a way to access it.
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- Cost Reduction: Assess whether the project could automate processes and
reduce costs.
Once you've identified an AI project that can bring value to your company,
you need to decide whether it's more appropriate to build it internally or
with the help of external professionals. Here are some recommendations:
- Data Science Projects: These are usually done internally as they require a
deep understanding of the business.
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Data Science and Machine Learning are two areas that often interrelate but
have their own specificities and applications.
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Data Acquisition.
Every business has its own nature, and therefore the data it uses is often
unique to that business. There are several ways to obtain this data:
1. Manually Collect and Label: This method involves gathering data, such as
product photos, and then properly labeling them.
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Not all data is valuable for Machine Learning purposes. Proper data
cleaning (Data Cleaning) is crucial to address issues like missing or
erroneous data.
1. Data Collection: User ID, country of origin, time, and webpage visited.
2. Data Analysis: A data scientist will analyze this data looking for patterns
and trends to identify potential issues or areas for improvement.
2. Data Analysis: By analyzing this data, the data scientist will look for
correlations and patterns that might influence the quality of the final
product.
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1. Input and Output Data Collection: Audio clips from different people
pronouncing phrases or words, such as "Hey Siri" and other random words,
in various tones, accents, and sound conditions.
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a) Keyword Detection:
- Input: The first stage involves constantly listening to the audio stream for
the keyword, in this case, "Hey Siri".
b) Voice Recognition:
- Input: Once the keyword is detected, the system gears up to process the
subsequent audio, converting it into text.
c) Intent Recognition:
- Input: With the transcription in hand, the system needs to interpret the
underlying purpose of the user, i.e., what action they intend to perform.
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Finally, once the user's intent is identified, the assistant performs the
corresponding action using conventional software. For instance, if the user
says "Hey Siri, play my favorite song," Siri will play the song through the
default music application.
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a) Vehicle Detection:
- Input: Multiple sensors like cameras, radars, and lasers (lidar) are used to
capture detailed information about the surrounding environment.
b) Pedestrian Detection:
- Input: Similar to vehicle detection, images, radars, and lasers (lidar) are
used to scan the environment.
c) Motion Planning:
Once the car has identified other vehicles and pedestrians in its vicinity, it
must decide how to move safely. This involves:
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These tools provide a wide range of predefined functions that simplify the
model development process for ML.
- PyTorch: This is the leading tool for deep learning, especially appreciated
by the research community due to its flexibility and intuitive design.
Research Publications.
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GPUs are essential for the efficient processing of neural networks and deep
learning tasks.
- Cloud Hosting: Platforms like Google Cloud, AWS, and Microsoft Azure
offer cloud services that allow for large-scale ML model training and
deployment without the need for one's physical infrastructure.
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Overblown Expectations.
Over-reliance on ML Engineers.
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Rigidity in Planning.
- Tip: work closely with the AI team to set realistic time estimates, define
clear milestones, determine KPIs, and be willing to adapt as circumstances
change.
- Mistake: thinking that you need a star-studded AI team from the start to
begin working with this technology.
- Tip: it's possible and, in fact, advisable to start with the team you already
have. As progress is made and needs are identified, you can continue to
build and strengthen the team.
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With the right support, the future of AI in your company is bright, and the
possibilities are virtually endless.
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Contact Us.
If you want more information about our services, get in touch with us by
sending an email to info@AIaccelera.com.
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AI and Employment:
Opportunities and Threats
Will AI Replace or Change Your Job?
In March 2023, the investment bank Goldman Sachs released a report
analyzing the impact AI will have on various professions within the U.S.
economy. Below are the key findings from the report:
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have a 46% probability of being replaced, and legal jobs, with a 44%
probability.
It's important to note that nearly all industries (25%) would experience
some degree of complementation by AI.
30% of current jobs in the U.S. would not be significantly impacted by AI.
Occupations in this category include production (9%), construction and
extraction (6%), installation, maintenance, and repair (4%), and building
and grounds cleaning and maintenance (1%).
Final Thoughts.
The true magnitude of AI's impact on the job market will depend on factors
such as the adaptability of the workforce, training and reeducation, and the
evolution of job demand in response to partial labor savings across most
occupations.
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As we will see later on, although AI can replace certain tasks, it also has the
potential to create new job opportunities and to enhance efficiency and
quality in many occupations.
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● File Clerks: maintain and organize files, documents, and records, and
retrieve information upon request.
● Mail Clerks: sort, distribute, and process incoming and outgoing mail,
including packages and documents.
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- Service and Sales Workers (15%): many roles in sales and services can be
assisted by AI, but the human touch will remain crucial for customer
interactions.
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Sales.
- Data Science: Provides deep insights into how customers behave and how
to optimize the online sales funnel. These insights can help businesses
identify trends and patterns that might not be evident at first glance.
Factory Management.
- Data Science: Helps identify patterns that might lead to the production of
defective products, allowing companies to take corrective action.
Recruitment.
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Marketing.
- Data Science: A/B test analyses allow marketing teams to identify which
strategies work best for different customer segments.
Agriculture.
- Data Science: Farmers can glean data insights about crop health, soil
conditions, and other critical factors.
Businesses that embrace these technologies and integrate them into their
daily operations are likely to stay at the forefront and be more competitive
in today's market.
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New Professions.
Artificial Intelligence (AI) is reshaping the job landscape, just like the
industrial revolution, the advent of the personal computer, and the rise of
the Internet did. As AI integrates into various industries and sectors, it's
creating new employment opportunities while transforming or displacing
other jobs. Here are some of the new job opportunities related to AI:
AI Engineer: We will delve into this role later in this same chapter.
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Chatbot Developer: They design and build programs that simulate human
conversations, commonly used in customer service.
Data Scientist: They analyze large raw data sets to find patterns and extract
valuable insights.
Robotics Specialist: They work on creating and improving robots that can
perform tasks previously done by humans.
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These are just some of the many emerging opportunities in the field of AI.
It's important to note that, like any technological advancement, AI will also
displace certain jobs. However, technology has a proven track record of
creating new roles and opportunities in the job market.
New technological challenges give rise to new professions. Every time a new
group of professionals emerges with a completely different background,
speaking a different language, producing a completely different set of
products, and using a completely different set of tools, a new profession is
born.
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- Etc.
These engineers don't yet have a standardized title, although in the United
States the term "AI Engineer" is starting to be used to refer to them. Other
names like LLM App Developer, LLMOps Engineer, or AI Manager are also
used.
Today, there are still ten times more job offers for classic ML engineers
than for the new AI engineers, but the rapid growth of the latter suggests
that this ratio will invert soon.
The top AI engineers earn close to $900,000 a year at OpenAI. More and
more companies, including Microsoft, Google, Facebook, and Tesla, are
entering the bidding war for this new professional segment.
The new AI engineers are applying the latest advancements in this field and
turning them into real products used by millions of users virtually
overnight. This is happening both in large corporations and in cutting-edge
startups like Figma, Vercel, Notion, Photo/InteriorAI, or Scale AI.
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The applications of the new LLMs are so wide-ranging that they far exceed
the realm of classic ML engineers. And one of the best ways to master them
is simply to practice with the LLM, integrate it with other tools or
programs, and add sector-specific knowledge.
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However, the skills used by the best AI engineers in Silicon Valley often
don't come from classic Machine Learning or Data Science studies.
For a detailed look into this, refer to the chapter "Training for the New AI".
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This year, Karpathy wrote that the new programming language is... the
English language. With this, Karpathy is referring to the fact that today the
AI engineer asks in colloquial language (whether it's English, Spanish, or
any other) for the LLM model what they want the LLM model to write in
Python, Java, Javascript, or any other desired language. This is already
happening: today, AI engineers work hand in hand with our LLM assistant
to develop AI software solutions.
The term "Software 3.0" represents a qualitative leap in the way software is
developed:
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Mind you, this doesn't mean that the AI engineer shouldn't know how to
program. Just as a sales director needs to know how to sell in order to
direct salespeople, the AI engineer needs to know how to program in order
to direct an LLM programming assistant.
The role of code written by people to orchestrate and supplant the power of
the LLM remains relevant, hence the popularity of new frameworks that
work along those lines, such as Langchain or Voyager.
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With the right support, your future in AI is bright, and the possibilities are
virtually endless.
Contact Us.
If you'd like to receive more information about our services, please get in
touch by sending an email to info@AIaccelera.com.
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However, the skills that set apart the top AI engineers from Silicon Valley
don't come from conventional Machine Learning or Data Science programs.
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The scope and versatility offered by modern LLMs far exceed the
competencies of traditional Machine Learning engineers. It's only a matter
of time before the entire job market recognizes this and adjusts its
expectations to this new reality.
1. Data Science.
Data Science remains essential for any AI engineer. This discipline provides
the skills needed to collect, analyze, and interpret large data sets, which are
at the core of most AI applications.
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2. Machine Learning.
3. Deep Learning.
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The world of AI is filled with tools and platforms that facilitate the
development and deployment of solutions. Familiarizing oneself with
platforms like Kaggle, as well as specific tools such as PyTorch, Langchain,
and Streamlit, is essential.
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1. Data Science.
2. Machine Learning.
3. Deep Learning.
4. Disruptive features of the new Generative AI.
5. Application Development with LLM.
Below is a detailed list of all the certified courses taken at different centers,
among which the following stand out:
- Stanford University.
- DeepLearning.ai.
- Datamecum.
- Generative AI 360º: Foundational Models Certification.
- Kaggle.
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● Pytorch for Deep Learning in 2023: from Zero to Mastery. Udemy, led
by Daniel Bourke.
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○ Google Collab.
○ Pandas.
○ Numpy.
○ Matplotlib.
○ Seaborn.
○ ScikitLearn.
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With the aim of making this training easier, more accessible, and faster for
others, at AI Accelera we have designed a formidable offer of online and
offline courses for both people with a technical profile and those with a
business profile. Among our courses, which are also designed ad hoc and
are taught in companies and organizations, you can find the following:
● Business AI Course.
● Employment in AI Course.
● Practical course for employment: Data Analyst.
● Practical course for employment: Machine Learning.
● Practical course for employment: LLM App Developer.
● Practical course for employment: Python Programmer.
● Practical course for employment: MLOps Engineer.
● Practical course for employment: LLMOps Engineer.
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With the right support, your future in AI is bright, and the possibilities are
virtually endless.
Contact us.
If you want to receive more information about our services, get in touch
with us by sending an email to info@AIaccelera.com.
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Big businesses struggle to keep up with the latest research, and their
decisions are hampered by the need to focus on short-term financial
outcomes and change management.
AI is no longer a promise.
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Although we're still in the early stages, the rapid pace at which the
technology is evolving suggests a horizon full of possibilities.
While it's easier than ever to build prototypes and demos, the real test for
startups is being able to move from the demo phase to building robust and
scalable products.
Niche Focus.
With as many possibilities as the new AI opens up, it's essential for startups
to focus on specific areas, whether enterprise solutions, market niches, or
sectorial problems.
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While tech giants like Google and Facebook dominated the early waves of
the Internet, it remains to be seen who will lead the AI revolution.
A paradigm shift.
Startups, with their agility and innovative focus, are at the forefront of this
revolution, and the opportunities to create value are immense.
The success of the AI startup will depend not just on technology: it will
require vision, adaptability, and a deep understanding of market needs.
Similarities.
Change potential: Both technological waves, both the birth of the Internet
and the new phase of AI, presented revolutionary potential. The Internet
changed the way people communicate, shop, work, and entertain, while AI
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Early disappearance: In both eras, many startups fail to get past the initial
phase. During the dot-com bubble, many companies vanished, and it's
likely we'll see a similar pattern with AI startups as the market matures and
consolidates.
Learning from scratch: Both in the early days of the Internet and in the new
AI phase, there's a significant learning curve. Although parallels and
lessons from the past may exist, each era has its own unique challenges and
opportunities.
Differences.
Key hardware cost: While startups in the early days of the Internet
primarily focused on software and web-based services, many AI startups
require significant investments in specialized hardware (e.g., GPUs) for
training and deploying advanced models.
Focus on the enterprise segment: In the early days of the Internet, many
startups were consumer-oriented, looking to capitalize on the growing base
of Internet users. Although there are also consumer-focused AI startups,
given the technical nature and clear benefits for business operations, we are
likely to see a strong focus on enterprise solutions - especially aimed at the
enterprise segment - in the new AI phase.
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Both periods, the birth of the Internet and the new AI phase, represent
disruptive moments in technological history. However, each has its own
characteristics, challenges, and opportunities.
Finally, let's not forget that - just as with the birth of the Internet - many AI
opportunities are not yet evident.
Short-term Opportunities.
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Medium-term Opportunities.
Personal assistants for everyone: With the evolution of LLMs and other AI
technologies, it's likely we'll see an increase in the adoption of personalized
AI assistants that can assist in all kinds of daily tasks, learning,
entertainment, and more.
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Learn about the business sectors that will be most impacted by AI and
where your startup can provide solutions. Refer to this topic in the chapter
“How to Introduce AI into Your Business”.
Discover the areas within a company that will be most impacted by AI and
where your startup can provide solutions. Refer to this topic in the chapter
“How to Introduce AI into Your Business”.
Learn about the jobs that will be most impacted by AI and where your
startup can provide solutions. Refer to this topic in the chapter “AI and
Jobs: Opportunities and Threats”.
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Next, we'll explore the top 20 artificial intelligence (AI) startups that have
received the most investment up until August 2023.
Although the global AI market was valued at $136 billion in 2022, it's
growing at a compounded annual rate of 37.3%.
This remarkable growth is due to the constant research and innovation led
by tech giants. Moreover, advanced technologies have been adopted in
sectors like automotive, health, commerce, finance, and manufacturing. In
the race to access the latest in generative AI, investment in the sector has
significantly ramped up in recent months.
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1. OpenAI.
- Funds Raised: $11.3 billion
- Valuation: Between $27 and $29 billion
Since its inception, the company has raised $11.3 billion, giving it a
valuation between $27 and $29 billion.
2. Anthropic.
- Funds Raised: $1.5 billion
- Valuation: $4.1 billion
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3. Inflection AI.
- Funds Raised: $1.5 billion
- Valuation: $4 billion
The AI startup has raised a total of $1.5 billion in two funding rounds. This
gives the startup, co-founded by Mustafa Suleyman, co-founder of Google
DeepMind, a valuation of $4 billion.
4. Tempus.
- Funds Raised: $1.3 billion
- Valuation: $8.1 billion
The company has conducted more than 13 rounds and has raised $1.3
billion, which it has used to improve the development of its AI solutions. Its
latest funding was last year through a debt financing round, giving it a
valuation of $8.1 billion.
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5. Dataiku.
- Funds Raised: $846.8 million
- Valuation: $3.7 billion
6. Highspot.
- Funds Raised: $644 million
- Valuation: $3.5 billion
Since its inception in 2012, the company has raised close to $644 million in
10 funding rounds, giving it a valuation of over $3.5 billion.
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7. AlphaSense.
- Funds Raised: $620 million
- Valuation: $2.5 billion
AlphaSense has elevated the art of marketing to a new level with the help of
artificial intelligence. With over 2,000 clients, including most S&P 500
companies, the firm uses artificial intelligence to create a search engine for
data analysis for corporations and financial firms.
8. Shield AI.
- Funds Raised: $573.1 million
- Valuation: $2.4 billion
Founded in 2015 and based in San Diego, California, the company has
raised close to $573.1 million, achieving a valuation near $2.4 billion.
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9. Builder.ai.
- Funds Raised: $450 million
- Valuation: $2 billion
The company has raised close to $450 million, which have been essential in
developing an AI-powered no-code application development platform for
building and operating software projects.
10. Cohere.
- Funds Raised: $445 million
- Valuation: $2.1 billion
With around 180 employees, Cohere has raised close to $445 million, giving
it a valuation close to $2.1 billion.
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The company has raised close to $415 million since its founding, giving it a
valuation of at least $1 billion.
12. Grammarly.
- Funds Raised: $400 million
- Valuation: $13 billion
Though the company has raised close to $400 million since its founding in
2009, it has a post-funding valuation of around $13 billion.
13. Eightfold.
- Funds Raised: $396 million
- Valuation: $2.1 billion
Corporate clients like Postmates, Capital One, and Hulu are increasingly
using its AI-powered talent search platform. Founded in 2016, the company
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has raised close to $396 million and currently has a valuation of $2.1
billion.
14. Moveworks.
- Funds Raised: $315 million
- Valuation: $2.1 billion
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16. Runway.
- Funds Raised: $236 million
- Valuation: $1.5 billion
Its focus has shifted significantly towards video, resulting in the launch of
Gen 2, an AI model that generates videos and texts from existing images.
The company has raised close to $236 million to help accelerate its AI
innovation. Currently, the company holds a valuation close to $1.5 billion.
17. Labelbox.
- Funds Raised: $188 million
- Valuation: $1 billion
The company has raised close to $188 million, reaching a valuation around
$1 billion.
18. Interactions.
- Funds Raised: $162 million
- Valuation: $1 billion
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19. Synthesia.
- Funds Raised: $156 million
- Valuation: $1 billion
Its AI technology and solutions are increasingly being used across a wide
range of applications, from video game development to film production,
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Name Description
Research and product laboratory in machine learning that builds general artificial
Adept AI intelligence.
Specializes in developing AI systems with unprecedented ability to understand and
AI21 Labs generate natural language.
Aleph Alpha Researches, develops, and deploys fundamental AI models.
Holding company that provides projects with resources, freedom, and focus to make their
Alphabet ideas a reality.
Security and AI research company that builds reliable, interpretable, and steer-worthy AI
Anthropic systems.
Offers an API that gives users access to large-scale NLP technologies and language
Cohere models.
Formerly known as DALL-E Mini, Craiyon is an AI model that can draw images from any
Craiyon text prompt.
DeepL Deep learning company specialized in language translation.
Aims to research and build safe artificial intelligence systems to solve intelligence and
DeepMind advance science and humanity.
EleutherAI Non-profit AI research lab focused on the interpretability and alignment of large models.
Allows users to build, train, and deploy art models using open-source reference code in
Hugging Face machine learning.
Inflection AI Machine learning startup dedicated to redefining human-computer interaction.
Social technology company that enables people to connect, find communities, and grow
Meta businesses.
Software corporation that develops, manufactures, licenses, supports, and sells a range of
Microsoft software products and services.
Non-profit research lab that investigates new ways of thinking to enhance the inventive
Midjourney capacities of the human species.
AI research and deployment company that conducts research and implements machine
OpenAI learning.
Runway Applied AI research company that builds the next generation of creativity tools.
Visual art startup powered by artificial intelligence that designs and implements open AI
Stability AI tools.
Stable
Diffusion Latent text-to-image diffusion model that creates photorealistic images from any text input.
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Name Description
CoreWeave is a specialized cloud provider that powers GPU-accelerated workloads (AI,
CoreWeave VFX, and HPC) at scale.
Lightmatter alters chip architecture, delivering faster, energy-efficient computing with
Lightmatter photonic processors for the sustainable advancement of AI.
NVIDIA is a computing platform company operating at the intersection of graphics, HPC,
Nvidia and AI.
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These startups span a wide range of sectors, from health and finance to
entertainment and education. Whether through chatbots that enhance
customer service, recommendation systems that personalize online
shopping experiences, or medical diagnostic tools that detect diseases at
early stages, AI applications are transforming entire industries.
At the heart of these startups lies a passion for solving complex problems
and a commitment to continuous innovation. As AI technology continues to
evolve, the most innovative startups are constantly exploring new ways to
apply it to improve people's lives and build a smarter, more connected
future.
Name Description
Builder.ai offers an AI-driven no-code application development platform, designed to
Builder.ai build and operate software projects.
Glean AI-powered workplace search. Across all your company's applications.
Jasper Jasper is an AI writing tool that helps businesses create content.
Typeface Typeface is a generative AI application for creating business content.
Lightricks develops creativity tools that allow its users to create and share visual content
Lightricks on mobile devices.
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Descript is a collaborative audio and video editor that transcribes audio into a text
Descript document for editing.
Canva is an online design and publishing platform that provides user-friendly design
Canva tools for non-designers.
Character.ai provides open conversational applications that allow users to create
Character.ai characters and converse with them.
Adobe is a software company that provides its users with digital media and marketing
Adobe solutions.
AlphaSense is an artificial intelligence platform that enables professionals to make
AlphaSense critical decisions.
Grammarly is an AI-powered writing assistant that helps users communicate more
Grammarly clearly and effectively.
Humane is a platform that creates and sells hardware, software, and services for
Humane consumers.
Notion Notion is the all-in-one workspace for your notes, tasks, wikis, and databases.
Tribble develops a GTM automation platform that transforms how sales, marketing, and
Tribble product teams collaborate for success.
Hearth.AI is an artificial intelligence platform designed to offer searches on semantic
Hearth.AI networks.
Sixty's Artificial Intelligence (AI) will be used to revolutionize productivity and relieve
Sixty AI busy customers from digital clutter.
This has also been the case in the venture capital and investment world.
One large funding round has been followed by even larger ones, and it
seems every startup has rushed to label itself as "AI-enhanced" or
"AI-powered."
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While it's true that AI began to take off at the end of 2022, with startups
like Descript, an AI-based video and audio editing tool from San Francisco,
and Jasper, an AI-based content platform from Austin, Texas, securing
large funding rounds, the frenzy reached new heights with OpenAI.
In early January 2023, news started circulating that OpenAI, the company
behind artificial intelligence tools ChatGPT and DALL-E, could be valued at
$29 billion in a new offering. By the end of the month, Microsoft confirmed
it had indeed agreed to a "multi-year, multi-billion-dollar investment" in
OpenAI, believed to be around $10 billion.
That was just the beginning. San Francisco-based Adept AI raised $350
million in a Series B in March, with a reported post-money valuation of at
least $1 billion. And Anthropic, a ChatGPT rival with its AI assistant
Claude, secured $450 million in a Series C in May, which reportedly valued
the company at $5 billion.
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And venture capitalists haven't been the only ones enchanted by this new
technology. Big corporations have also used their venture capital arms,
including Google, Zoom Ventures, Nvidia, Oracle, and Salesforce Ventures,
to invest in AI startups.
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Most investors agree that there will be some level of AI adoption by nearly
every business in almost any sector sooner or later.
AI Startup Accelerators.
Now more than ever is the ideal time to embark on entrepreneurial
ventures. AI accelerators are particularly keen on working with founders of
AI startups in the early stages of their projects. Their focus isn't merely on
"providing capital", but to be genuine allies in the process of building
meaningful companies.
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Community as a Cornerstone.
Benefits to Accelerators.
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With the right support, the future of AI in your startup is bright, and the
possibilities are virtually endless.
Contact us.
If you would like more information about our services, please get in touch
by sending an email to info@AIaccelera.com.
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With the right support, the future of AI is bright, and the possibilities are
virtually endless.
Contact us.
If you would like more information about our services, please get in touch
by sending an email to info@AIaccelera.com.
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Bibliographic References
Report "The potentially large effects of AI on Economic Growth." Goldman
Sachs, March 2023. Authors: Hatzius, Briggs, Kodnani, Pierdomenico.
Article "The rise of the AI Engineer." Latent Space, June 2023. Author:
Shawn Wang.
Article "Top Startups AI." Yahoo Finance, August 2023. Author: Swati
Goyal.
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