AI
Enhancing AI Chatbots with Web Content Access
2024-11-28
If you've had the experience of using ChatGPT Search or Perplexity, you're aware that the ability to search the web and obtain inline citations significantly elevates these AI chatbots. When timely information is incorporated, the results become more accurate, and web search can help reduce what are known as hallucinations - those instances when a generative AI outputs incorrect information. That's precisely why the French startup Linkup is developing an API. This API enables developers to access web content from premium and trusted sources and then hand over the results to a large language model (LLM) to enhance its answers. Many AI developers refer to this workflow as Retrieval-Augmented Generation (RAG).

Uncertain Future of Scraping Bots

The future of scraping bots remains highly uncertain. In the absence of a pre-existing financial agreement between content publishers and the entities scraping web pages, these bots are extracting content from the open web without making any payments. This situation has drawn significant regulatory scrutiny around AI training. There are also high-profile legal cases currently in play, such as the ongoing lawsuit between OpenAI, the maker of ChatGPT, and the New York Times. Consequently, the situation surrounding web scraping could undergo significant changes in the near future. This is why OpenAI has entered into multi-year content licensing deals with major publishers like AP, Axel Springer, Condé Nast, El País, the Financial Times, Le Monde, and others.

Content Publishers' Dilemma

Content publishers currently face a challenging decision regarding GenAI's insatiable appetite for data. They have the option to block web scrapers using the (non-legally binding) robots.txt metadata file, which indicates whether a website can be used for training an AI model or not. Additionally, they can take legal action against AI companies they believe have violated their copyright. Another alternative is to allow bots to freely index their content. Or, they may choose to license their content to AI developers to obtain some form of compensation for their intellectual property. However, there are thousands of AI companies (or tech companies using AI) that do not possess the scale and reach of OpenAI. At the same time, the beauty of the web lies in the long tail of content publishers. This means that a small content publisher often lacks the financial resources to file a lawsuit. It also makes it difficult for them to switch from a scraping model to a licensing model for millions of websites.

Linkup as a Marketplace

Linkup isn't merely a technical solution; it's a marketplace that acts as an intermediary between content publishers and companies seeking to enhance their LLM answers with web content. Linkup signs content licensing deals with publishers and integrates with their CMS, enabling it to fetch content from publishers without the need for scraping. Linkup then compensates content partners based on the frequency with which their content is accessed by Linkup clients.As Mizrahi, the co-founder and CEO of Linkup, explains, "We're specifically targeting applications that are integrating AI into their own products. The typical use case is that I create an AI application using a model from Mistral or OpenAI. I build my own pipeline, but I require external information to enrich this pipeline."For instance, while ChatGPT can browse the web, GPT models do not have this capability. OpenAI offers a highly popular application (ChatGPT) as well as LLMs that developers can utilize through an API (GPT). However, web search is a unique feature of ChatGPT."There's an example that we find quite interesting. One of our customers built an internal application for their salespeople. On one hand, they had listed all the advantages of their own products. Thanks to our service, they obtain fresh and high-quality information about their prospects and incorporate it into a Mistral LLM. The Mistral LLM then generates a sales pitch for the sales reps, which they can refer to when making calls with customer leads."Initially, Linkup decided to focus on corporate and business information. In addition to news websites, the startup collaborates with knowledge databases such as Statista, Xerfi, and other similar resources.Linkup isn't the only startup working on bringing premium content to LLMs through licensing contracts. The most prominent competitor is ScalePost, a startup that partners with Perplexity to expedite its licensing deals with publishers.Linkup raised a €3 million seed round ($3.2 million at current exchange rates) a few months ago from Axeleo Capital, Motier Ventures, Seedcamp, and a hundred business angels. Currently, there are around 10 people working for the startup, and it plans to hire another 10 staff members over the next year.
The Rise of /dev/agents: Unlocking the Potential of AI Agents
2024-11-28
Many startups and large tech companies are venturing into the realm of building AI agents capable of handling multi-step tasks autonomously. These agents hold the promise of revolutionizing various industries by collaborating seamlessly to complete complex jobs like travel bookings. /dev/agents, a new venture by former Google executives with a rich history in mobile development, believes a new operating system is essential to fully realize this potential.

Why a New Operating System is Needed

Just as the advent of Android transformed the mobile landscape, the current state of AI development lacks a unified platform. David Singleton, the co-founder and CEO of /dev/agents, highlights the difficulty faced by developers in building good AI applications. Before Android, building on mobile was a challenge; now, with AI, the same issue persists. /dev/agents aims to fill this gap by creating a cloud-based operating system that works across devices and presents personalized user interfaces using generative AI.

Singleton's experience at Stripe and leading AndroidWear at Google gives him unique insights into the challenges developers face. With /dev/agents, he hopes to provide a unified platform that can be the operating system of the AI world.

The company's vision is to make it easier for developers to build AI agents and unlock their full potential. By offering a standardized set of tools and systems, /dev/agents aims to accelerate the development of AI applications and drive innovation in the field.

Investment and Valuation

This week, /dev/agents raised a $56 million seed round led by Index Ventures and co-led by Alphabet's CapitalG. Prominent tech leaders like OpenAI co-founder Andrej Karpathy, Scale AI CEO Alexander Wang, Palo Alto Networks CEO Nikesh Arora, and Android founder Andy Rubin also participated. The deal valued the company at $500 million, indicating the market's confidence in its potential.

Nina Achadjian from Index Ventures saw the opportunity and jumped at the chance to back /dev/agents. She believes it's a super difficult technical problem with a massive market opportunity. The team's experience in building Android and Stripe gives them the expertise to tackle this challenge.

Jill Chase from CapitalG emphasizes that her firm rarely invests in pre-product companies. However, when the market opportunity is generational and the team is truly exceptional, as in the case of /dev/agents, they are willing to take the risk.

Product Timeline and Business Model

/dev/agents expects to have the first version of its product available by early-to-mid next year. Regarding the business model, Singleton suggests that it will likely be similar to Android's current monetization approach. There could be opportunities for the company to take a cut of sales or charge users for subscriptions.

This indicates that /dev/agents sees potential for commercial success by leveraging its operating system and enabling various transactions and services on the platform.

The company's focus on creating a unified platform and providing a seamless user experience positions it well for growth and monetization in the evolving AI landscape.

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Navigating the Crypto Rally: Locking in Gains and Avoiding a Crash
2024-11-28
Christine Ji brings valuable insights as crypto markets surge after Trump's election victory. Bitcoin approaches $100,000, but the asset class is volatile and risky. Here's how to manage risks and make smart investment decisions.

Secure Your Crypto Gains with These Proven Strategies

Profit-taking Strategies

Fidelity Investments emphasizes the importance of having an exit strategy to minimize losses in the volatile crypto market. Digital Surge suggests having a rough idea of profit targets. For example, take 5% of profits for every 25% increase in price. Don't underestimate the market's volatility; it's common to take profits equal to the initial investment after significant price appreciation.

Realizing gains incrementally helps manage risk. By following such a rule, investors can lock in profits and avoid the temptation to hold on too long. It's a proactive approach to safeguarding investments in the unpredictable crypto world.

Set up Stop-losses

While no one likes to think about losing money, having a plan for when an investment isn't performing well is crucial for portfolio management. Setting up stop-losses automatically cashes out of a position if the cryptocurrency falls below a certain price. This saves investors from constantly monitoring prices and helps prevent significant losses.

Stop-losses can be fixed prices or trail the investment's price gains by a certain percentage. It's a tool that provides a safety net and allows investors to exit a position before it deteriorates further. In the volatile crypto market, stop-losses are an essential part of risk management.

Diversify

Investing strategy depends on risk tolerance, but diversifying across assets is a way to lower downside risk. Contessoto's entire portfolio in various cryptocurrencies is a risky approach. Cannon advises against it and suggests stock-market index funds as a starting point to derisk a cryptocurrency-heavy portfolio.

Meme coins like Dogecoin are particularly volatile, and events like Elon Musk's tweets can trigger massive price swings. Diversification becomes even more necessary in such a market. By spreading money across different assets, investors can reduce the impact of any single asset's performance on their overall portfolio.

Contessoto embraces the volatility of investing in meme coins, but it's important to remember the risks. These assets can lead to life-changing gains or losses. Diversification helps balance the portfolio and provides a more stable foundation.

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