Adobe launches “Firefly,” Unlearn.AI raises $15M, Bing integrates DALL-E

Adobe launched a suite of generative AI tools called “Firefly” and said its models are trained on data that is either licensed for training, in the Adobe Stock library, or out of copyright - Link

Microsoft has integrated OpenAI’s text-to-image model, DALL-E, into its Bing search engine, calling it the “Bing Image Creator” - Link

OpenAI shut down ChatGPT on Monday due to a bug that exposed user chat prompts; the company speculated that the bug came from open-source code - Link

Unlearn.AI, a biotech startup that uses generative AI to build “digital twin” patient profiles to speed up clinical drug trials, raised $15M at a $265M valuation from Radical Ventures and Wittington Ventures - Link

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Rachel Reporting joins Jason to read the news! First, they give an update on the banking crisis and how it’s impacting startups (1:34). Then, they cover Balaji’s huge Bitcoin bet and his predictions for the future (14:17) before breaking down OpenAI’s launch of GPT-4 (35:07). Finally, Jason wraps up with some Jay Trading updates (57:28)! - Link

Google is allowing select users in the US and UK to start accessing Bard, its ChatGPT competitor; Bard currently runs a “smaller, optimized version” of Google’s LaMDA - Link

According to OpenAI research, generative AI tools like Chat-GPT could impact 50% of tasks for 19% of US occupations, including financial services, retail, and healthcare - Link

Axios sources: Netflix plans to launch 40 more games in 2023; the company is currently working on 70 games with external partners and has another 16 games in development from its internal game studios - Link

After canceling its SPAC last year, eToro has raised $250M at a $3.5B valuation as part of an Advanced Investment Agreement (AIA) - Link

This Week in Startups

E1702: Balaji’s $1M Bitcoin bet, banking crisis update, OpenAI launches GPT-4, and Jay Trading!

E1701: ANGEL: Laurie Yoler on investing early in Tesla, strategic partnerships, and her VC career

E1700: Banking crisis impact, more Meta cuts, and GPT-4 with Sunny Madra and Vinny Lingham

E1699: Andy Rachleff on SVB, how to evaluate VCs, market pull indicators, Wealthfront, and more

E1698: How ocean farming can solve world hunger with Alora CEO Luke Young

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