Welcome to the 10th issue of Evolving Internet Insights — a weekly newsletter curating the top stories and our insights on the “Evolving Internet,” which covers AI, Web3 and everything in between. We hit the “double-digits”!
P.S. New look and feel for the newsletter! We put on our best designer hat to evolve it 🙂
🌰 In a Nutshell
Two of India’s largest conglomerates partner with Nvidia to build AI infrastructure
Meta is building its next-gen LLM model to compete with Open AI’s GPT4
Can you guess who is more creative between MBAs and ChatGPT?
Turns out ChatGPT “drinks” a lot of water
💾 Byte-sized Stories
This week’s top stories with our insights on top.
1. Reliance Industries And Tata Group Partners With Nvidia To Build AI Infrastructure For India 🇮🇳
⚡️ TL;DR: Reliance Industries and Tata Communications partner with Nvidia to build a foundational LLM (large language model) based on India's diverse languages. Nvidia will supply its AI GPUs and advanced AI platforms. Reliance Industries and Tata Communications will build and operate AI supercomputing data centers to bring the technology to India’s AI companies, startups, and researchers to advance the AI industry in India.
⚡️ So What: Nvidia sees a lot of promise in working with Indian stakeholders to incubate the AI industry that matches the needs and preferences of the country. India is the most populous country in the world and has the second highest number of languages (780) spoken of any country in the world. Many believe AI can help the country solve some of its problems and ensure that its population continues to grow with the AI wave. Jensen Huang, CEO of Nvidia, said “I think [India] is going to be one of the largest AI markets in the world.”
And Nvidia has the right partners on their side with Reliance Industries and Tata Communications, two of the largest conglomerates in India. Together, their businesses cover every sector of the Indian economy.
⚡️ Zoom Out: This is another great example of what it takes to nurture an emerging tech ecosystem like AI in an emerging market:
✅ Leading technology partner in Nvidia
✅ In-country companies covering wide variety of industries in Reliance Industries and Tata Communications
✅ A pro-innovation governmental approach to growth of AI in India
More broadly, applying a regional focus on development of LLMs can represent a great equalizer for different parts of the world and go a long way in ensuring a powerful technology like AI is accessible and useful for all. 🙌
2. Meta Is Developing It’s Next-Generation LLM To Compete With Open AI 🦙
⚡️ TL;DR: Meta is building its most powerful AI model and aims to compete with Open AI’s GPT4 model. It will start training its next-gen model starting in 2024 and is currently in the process of acquiring the most advanced GPUs (chips) from Nvidia. Meta hopes that its new model will be as capable as GPT4.
⚡️ So What: Meta is playing catch up to its Big Tech siblings after it spent a significant amount of time and resources on the Metaverse before ramping it down to focus on AI. Since then, Meta has been on a tear in AI, launching multiple versions of its LLM in a short amount of time. Unlike Open AI, Zuckerberg has made the deliberate move to open source its AI model and plans to do the same for its upcoming model in the hopes of getting more developers and organizations to use its models.
⚡️ Zoom Out: The race all of the Big Tech giants are in is to build the “go-to” AI models that other companies can plug into. Meta’s open source approach makes it easier for other developers to deploy its models. The theory is that with more developers building on top of Meta’s ecosystem, the innovation would accrue back to the ecosystem. And with Meta sitting at the center, it could probably monetize down the road through additional value added services on its LLMs.
3. Who Is More Creative: MBAs or ChatGPT 🧑🎨🤖🎨
⚡️ TL;DR: The Wharton Business School conducted a study to find out who was more creative between their MBA students and ChatGPT. Both students and ChatGPT were given the same instructions: “generate an idea for a new product or service appealing to college students that could be made available for $50 or less.”
The researchers used 3 dimensions to evaluate how innovative each group was:
Quantity of ideas: ChatGPT outperformed here, with the model being capable of generating hundreds of ideas with a few prompts,
Average quality of ideas: The researchers measured the ideas based on the probability of purchase. Ideas generated by MBAs had a probability of purchase of 40%, whereas the ChatGPT-generated ideas achieved ~48%.
Number of truly exceptional ideas: Of the 40 ideas that the researchers deemed to be exceptional, ChatGPT generated 35 of them.
⚡️ So What: Of course this is just one study, and many people might argue that MBAs aren’t the most creative (we are MBAs, we know…🤓). But we think it’s worth it to see how advanced generative AI tools are and how they might change all facets of modern work – it’s not just knowledge work, but it’s also creative work.
📊 Let’s Get Graphic
One visual we couldn’t stop thinking about.
Microsoft’s Water Usage Spiked 34% Due to AI Computing Needs
⚡️ Takeaway: Microsoft, one of Open AI’s largest backers, reported that their water usage increased by 34%, largely due to the AI boom. Building AI models require specialized AI hardware (GPUs) to run a lot of computations, which uses a lot of electricity and generates heat. To cool the hardware in data centers and prevent it from overheating, water is used–and lots of it!
A report that is coming later this year, estimates that every time a user asks ChatGPT anywhere between 5-50 questions, ChatGPT “drinks” 500ML of water. 🤖🚰
🧠 Brain Food
One focus topic to feed your brain.
In the next 🧠 Brain Food newsletter hitting your inbox on Tuesday, we will cover the topic of digital property rights and how gaming giant Animoca Brands and its CEO, Yat Siu is thinking about it.
Subscribe to get it straight to your inbox 👇
🐇 Down the Rabbit Hole
Some deeper dives to help you get smarter on emerging tech.
The AI Unbundling: Great essay that maps out the creation-to-consumption process and which parts AI disrupts and unbundles.
Overdosing on VC: Lessons from 71 IPOs: Great post outlining the pros and cons of venture capital with data from 71 IPOs.
How Social Media is Evolving: Long article that dives into how social media is becoming more media than social and highlights the changing behaviors of social media users.
📝 Elite Jobs Corner
From our networks, we curate and connect top founders and companies to rockstar recruits.
What: Karma3 Labs is building the reputation layer for the Internet. As more of our lives continue to move online, knowing who can be trusted and who cannot will be critical.
Who: Founding team has experience launching and scaling Web2 and crypto startups with successful exits. Deep technical and research talent. One of the Cofounders wrote the algorithm that powers how Google ranks pages. 🤯
What: Konko AI is a fully managed API that allows developers to easily access, evaluate, choose, fine-tune and deploy large language models (LLMs)
Who: Founding team with operator and technical experience in AI, venture backed startups, consulting, both HBS grads 🤓
⚡️[Operating Role] Experienced Product Manager and Startup Advisor Seeking Next Product Role. Meet Neeharika “Neha” Tummala
Secret sauce: Neha has built products at every stage, from 0-1, through growth and at mature scale reaching millions of users. The pressure cooker training of launching products in startups has honed decision making skills and the ability to inspire and move teams through execution.
Fun fact: Outside of PM'ing, Neeharika is a professional Indian classical dancer and performs in NYC and across the US. 🇮🇳💃
📣 Call to Action
Are you a potential candidate? You can apply directly and reply to this newsletter with an email asking for us to refer you (please include why we should refer you). What are you waiting for? Take a chance. 🎲
Are you hiring? If there is a rockstar recruit that you want to get connected to and/or you want us to showcase the role(s) you are hiring for, please reply directly to this newsletter. We would love to hear from you! 👂
Do you know someone who is a great fit for a role? Reply to this newsletter providing us more details in your email (also, since you are already in your inbox, forward them this newsletter and ask them to subscribe). 🙏
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DISCLAIMER: This post is provided strictly for educational and informational purposes only. Nothing written in this post should be taken as financial advice or advice of any kind. The content of this post are the opinions of the authors and not representative of other parties. Empower yourself, DYOR (do your own research).