🚀 Nvidia’s GPT-4 Rival Is Coming

PLUS: Hurricane Milton Could Cause $100B In Losses, Jensen Huang Is Now Worth More Than Intel.

Dear founder, here’s your 3-minute recap (without the fluff):

  • Transform your career: Learn to build a 6-figure AI consulting business in 6 months* (More)

  • Nvidia releases a powerful open-source AI model that rivals industry leaders like GPT-4 (link)

  • Hurricane Milton could cause up to $100 billion in losses, according to Wells Fargo estimates (link)

  • Nvidia CEO Jensen Huang's net worth of $109 billion now exceeds Intel's $96 billion market cap (link)

  • New tools, resources, funding updates & job postings

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🛠️ Tools

Coachvox is running a free online webinar for coaches and consultants. think in AI and let AI do the rest.* Register for webinar

Linguix - An AI Writing App makes your texts grammatically correct, clear, and highly effective on any website, across all browsers (link)

Manychat - Automate interactive conversations with your customers in Instagram Direct Messages, Facebook Messenger, and SMS to grow your brand (link)

Brand24 - Helps you measure your brand awareness, analyse competitors and discover customer insights (link)

Zeda.io - An AI tool for B2B & SaaS, uncovers customer problems, guides data-driven decisions, and shapes impactful roadmaps to boost revenue and align teams (link)

Flick - A social media marketing platform to handle copywriting, scheduling, hashtags, and analytics (link)

Reword - Helps your team collaborate effectively with AI to write articles (link)

Typeset - An AI-powered visual content designer turn your words into impressive visuals effortlessly (link)

Twig - Helps to automate your customer service with AI (link)

Writesonic - Creates and Optimize all types of Content and leveraging trending keywords to boost your organic traffic (link)

đź“š Resources

This man, made $15 million just by selling rocks (link)

9 best social media ads collected this week (link)

Here are 10 of Naval’s teachings on wealth that changed my perspective (link)

Jack Dorsey on turning an idea into a reality (link)

PS. If you’re interested in this AI stuff, you should sign up for our other newsletter - Prompts Daily. It has 100,000+ readers (Executives, VCs, and engineers). Sign up with one click.

đź’° Funding

Frammer AI raised $2M to expand its offerings into sports and entertainment and invest in data-training (link)

Zive AI raises $1M to transform VC fund management with AI automation (link)

đź’Ľ Job Board

Community, Head of Internet Creators at OpenAI (US)

Senior Machine Learning Engineer at Truelogic (Remote)

đź’Ś Etcetera

6-month roadmap to a 6-figure AI consulting business

Is Starlink mini worth it?

The 10 greenest cities in the U.S.

How AI is transforming the sports fan experience

Charted: Which countries are the happiest in 2024?

Oppenheimer’s communist past draws new attention

A brief history of information networks from the stone age to AI

The 5 am club! How early risers conquer the world before breakfast

Wondering if you have ADHD? 8 common symptoms and how to manage

🗞️ News

Nvidia’s GPT-4 Rival Is Coming

Nvidia has launched NVLM 1.0, an open-source AI model designed to compete with proprietary systems like OpenAI's GPT-4. The flagship model, NVLM-D-72B, features 72 billion parameters and excels in both vision-language and text-only tasks.

By making model weights and training codes publicly available, Nvidia aims to democratize access to advanced AI technology, potentially reshaping the industry landscape. This move has garnered positive reactions from the AI community, though it raises ethical concerns regarding misuse and responsible AI practices.

Milton Could Cause $100B In Losses

Hurricane Milton is approaching Florida as a powerful Category 4 storm with Wells Fargo estimating potential insured losses between $10 billion and $100 billion. The bank's base case suggests losses of around $20 billion while the market anticipates over $50 billion in damages. The storm could worsen challenges for insurers already impacted by Hurricane Helene which caused significant destruction just weeks prior.

With mass evacuations underway, Governor Ron DeSantis has declared a state of emergency for 35 counties as Milton threatens life-threatening storm surges and severe flooding.

Jensen Huang Is Now Worth More Than Intel

Nvidia CEO Jensen Huang's net worth has surged to $109.2 billion, surpassing Intel's market cap of $96.39 billion. This leap is attributed to Nvidia's strong performance in the AI sector, positioning it as a leading GPU manufacturer. Despite a recent stock correction Huang remains the 11th richest person globally with significant holdings in Nvidia. Analysts note that Huang's financial standing reflects the ongoing demand for AI technology, contrasting sharply with Intel's struggles this year.

That’s it for now!

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