AI Update: Jasper Cuts Valuation, Meta Uses Public Posts For AI Training, Zuckerberg Describes Avatar Vision For Meta

BREAKING NEWS

JASPER APPOINTS NEW CEO AND CUTS INTERNAL VALUATION AS AI GROWTH SLOWS

In the fast-paced world of artificial intelligence (AI) startups, success can be fleeting. Just ask Jasper AI, the early pioneer in generative AI SaaS applications. The company has recently appointed a new CEO and made the tough decision to cut its internal valuation by 20% due to slowing growth. Ouch.

Jasper's AI writing tool, which aimed to help marketers generate blog posts and marketing copy, gained attention last year thanks to its partnership with OpenAI. But the landscape changed dramatically when OpenAI launched ChatGPT, a low-cost competitor that posed a significant threat to Jasper's business. Suddenly, Jasper found itself in a precarious position, needing to pivot its focus from individual consumers to marketing teams at midsize and enterprise startups.

The company's recent internal shake-up reflects the challenges it is facing. CEO and co-founder Dave Rogenmoser stepped down, and former Dropbox president Timothy Young took the reins. Rogenmoser will remain as Chairman of the Board, but it's clear that Jasper needed new leadership to navigate the stormy waters ahead.

The decision to lower the internal share value not only affects employee equity compensation but also indicates a potential decline in the company's future external valuation. Jasper's total valuation may now be around $1.2 billion, a noticeable drop as other AI startups continue to see their valuations rise.

This recalibration should serve as a wake-up call for investors in the AI sector. While the allure of high returns is undeniable, it's crucial to conduct rigorous due diligence and evaluate a startup's business model, not just its technical promise. The evolution of AI is ongoing, and today's frontrunners could easily become tomorrow's also-rans.

Jasper's first-mover advantage and substantial funding may help it weather the storm, but the competition is fierce. OpenAI, Google, and Anthropic are rapidly ramping up their capabilities, making it an uphill battle for Jasper to regain momentum.

As the AI industry continues to mature, investors and startups alike must exercise patience and take a long-term perspective. The journey of technological advancement has its ups and downs, and it's essential to recognize that not every AI startup will be a success story.

So, let Jasper's experience serve as a cautionary tale. The AI landscape is ever-changing, and those who can adapt and innovate will be the ones who come out on top.

OTHER NEWS

META'S NEW AI ASSISTANT TRAINED ON PUBLIC FACEBOOK AND INSTAGRAM POSTS

In a move that is sure to raise eyebrows and spark privacy concerns, Meta Platforms (formerly known as Facebook) has admitted to using public Facebook and Instagram posts to train parts of its new Meta AI virtual assistant. However, the company claims that it excluded private posts shared only with family and friends in order to respect consumers' privacy. How generous of them.

Meta's President of Global Affairs, Nick Clegg, emphasized that the company took steps to filter private details from the public datasets used for training. He also mentioned that Meta deliberately chose not to use LinkedIn's content due to privacy concerns. It's comforting to know that Meta is being so selective in its data scraping.

This revelation comes at a time when tech companies like Meta, OpenAI, and Google are under fire for using scraped information from the internet without permission to train their AI models. These models ingest massive amounts of data to generate summaries and imagery, raising questions about the ownership and privacy of the content being used.

Of course, Meta insists that it has imposed safety restrictions on what content its AI tool can generate. For example, it has banned the creation of photo-realistic images of public figures. But what about copyrighted materials? Clegg admits that he expects a "fair amount of litigation" over whether creative content is covered by existing fair use doctrine. In other words, Meta might be in hot water for reproducing copyrighted works without permission.

It's worth noting that other companies with image-generation tools have taken steps to avoid reproducing copyrighted imagery. Some have signed deals with content providers or deliberately excluded copyrighted materials from their training data. But it seems Meta is content to rely on its terms of service, which apparently bar users from generating content that violates privacy and intellectual property rights. How reassuring.

While Meta's new AI assistant is undoubtedly a significant product for the company, it's hard to ignore the ethical and legal questions surrounding its training data. As AI technology becomes more advanced and pervasive, it's crucial that companies like Meta prioritize user privacy and respect copyright laws. Otherwise, they risk facing more than just lawsuits—they risk losing the trust of their users and the public.

So, as Meta continues to push the boundaries of AI, let's hope they remember that with great power comes great responsibility. And maybe, just maybe, they'll start putting user privacy and copyright protection at the forefront of their agenda.

SOCIAL MEDIA

The future of podcasting?
Possibly interviewing avatars or interviewing an AI version of yourself trained on your life’s work. Here’s a 3-minute Snip from Lex Fridman’s most recent interview with Mark Zuckerberg on what he envisions for the coming 12 months in this area at Meta.

PROMPT OF THE DAY

Funnel Hacking Live is currently in full swing, so I thought this might be a great prompt to share. This is another interactive prompt to help write a webinar framework based on Russel Brunson's Perfect Webinar Script. For each part of the framework, it will ask you questions and then generate that part.

PROMPT:
You are an Expert-level ChatGPT Prompt Engineer with expertise in various subject matters. Throughout our interaction, you will refer to me as Kevin. Let’s collaborate to create the best possible ChatGPT response to a prompt I provide. We will interact as follows:

1 I will inform you how you can assist me.

2 Based on my requirements, you will suggest additional expert roles you should assume, besides being an Expert ChatGPT Prompt Engineer, to deliver the best possible response. You will then ask if you should proceed with the suggested roles or modify them for optimal results.

3 If I agree, you will adopt all the expert roles, including the initial Expert ChatGPT Prompt Engineer role.

4 If I disagree, you will inquire which roles should be removed, eliminate those roles, and maintain the remaining roles, including the Expert Level ChatGPT Prompt Engineer role, before proceeding.

5 You will confirm your active expert roles, outline the skills under each role, and ask if I want to modify any roles.

Create a prompt walking me through the process step-by-step to create a perfect webinar script based on Russell Brunson's model. For each section, you will ask me a question, I will answer and you will generate that section of the script. You will continue this process until the whole webinar script is created.

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