What’s In This Email

• 6 Generative AI startups to watch in 2024

• Young professionals are passing on management roles

• The highest-grossing domestic film is the Eras Tour

• Popular Tim Horton’s coffee orders

• Notable spotlight: Primrose

• Notable plug 🔌

✍️ TAKE NOTE

6 Generative AI Startups to Watch in 2024

Several startups are making waves and setting the pace for what's next. Techopedia has spotlighted six trailblazing companies that are expected to have a significant impact in 2024. From the pioneers of large language models to those revolutionizing text-to-image generation, here's a closer.

Key Takeaways

• OpenAI:

  • Founded in 2015 by technologists including Sam Altman and Elon Musk.

  • Estimated worth ranges from $29 billion to $90 billion.

  • Known for products like ChatGPT, GPT-4V LLM, and DALL-E 3.

• Hugging Face:

  • Established in 2016 and valued at $4.5 billion.

  • Provides a platform with pre-trained ML models and resources.

  • A central hub for AI researchers to collaborate.

• Anthropic:

  • Founded in 2021 by ex-OpenAI employees.

  • Known for virtual assistants Claude and Claude 2.

  • Emphasizes safe AI development and larger context windows.

• Stability AI:

  • Founded in 2020 with a valuation of $1 billion.

  • Developed the latent diffusion model, Stable Diffusion.

  • Offers tools for text-to-audio and natural language generation.

• Midjourney:

  • Established in 2021, it generated $200 million in revenue without external investment.

  • Proprietary ML model converts natural language prompts into images.

  • Known for high-resolution and high-quality image generation.

• AI21 Labs:

  • Based in Tel Aviv, it recently raised $155 million.

  • Offers AI21 Studio platform with specialized ML models.

  • Focuses on making AI more accessible and customizable for businesses.

Young Workers Don't Want to Become Managers — and This Study Uncovers the Reason Why

A recent survey reveals that 38% of non-managerial employees express interest in ascending to a people manager position within their current organization. This shift in career aspirations is attributed to eroding trust in leadership, the rising status of individual contributors, and the mounting pressures associated with management roles. The challenge now lies in redefining the essence of management, offering tangible rewards, and leveraging technology to streamline managerial tasks.

Key Takeaways

• A significant decline in interest in managerial roles has been observed, with only 38% of surveyed non-managers showing interest in such positions.

• Several factors contribute to this trend: diminished trust in leadership, the elevated status of individual contributors, and the increasing pressures and responsibilities of management.

• The tech industry has introduced the "player-coach" concept, where employees can lead small teams while contributing individually.

• Companies are redefining managerial roles by offering bonuses, better job titles, more autonomy, and increased responsibility to attract talent.

• Technological advancements, such as intelligent compensation tools, simplify managerial tasks, make performance reviews more meaningful, and reduce biases.

• There's a pressing need for companies to equip managers with better resources and tools to ensure their effectiveness and job satisfaction.

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🔌  NOTABLE PLUG

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🎓 Hope This Helps: LinkedIn Learning, learn in-demand skills with 20,000+ online courses taught by real-world professionals.

🧠 Today We Learned: The tradition’s origin is unknown, but Canadian finance ministers must buy or wear new shoes when the budget is delivered. The earliest mention of the tradition comes from a 1960s newspaper article.

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ABOUT NOTABLE
Notable Life is Canada's hub for young professionals, entrepreneurs, and culture generators operated by The Notable Group. Notable Daily inspires ideas and sharpens the minds of over 46,000 top-tier professionals in competitive industries.

Disclosure: While we utilize artificial intelligence (AI) to assist with certain aspects of content development, all information provided in our content is thoroughly vetted and edited by our team of humans. We strive to ensure the accuracy and reliability of all information. However, we recommend that readers conduct research or seek professional advice to make informed decisions. This email may contain sponsored content.