Welcome, AI Hustlers.

Here’s a new and more professional layout of our Newsletter. I’ll be adding different sections each week to share exclusive value on AI.

I’ll appreciate your thoughts, suggestions, and recommendations to make this Newsletter the best FREE AI resource on “How to actually make money with AI.”

TODAY’S MENU

• The Big Insight: AI Startups vs Successful Indian Space Mission

• Best Crash Course on AI Chatbots

• How to build Voiceflow Agents

• Top 5 AI tools I found this week

Read time: 2.5 minutes

THE BIG INSIGHT

AI STARTUPS vs THE SPACE MISSION

I wanted to start this Newsletter with something interesting, So here it is.

India’s Space mission landed on the South pole of the moon last week, with just the Budget of $75 Million.

While there are some AI startup funding stats that might sound ridiculous.

• Character AI: (3D animated character AI Startup) Funds raised → $150 Million with $1 Billion valuation.

• Grammarly AI: (A spelling and grammar enhancing Startup) Funds raised → $400 Million with $4 Billion valuation.

• Highspot: (A marketing Startup) Funds raised → $644 Million with $3.5 Billion valuation.

While 80% of AI startup fundings are overvalued there are justified fundings too, like:

• Hugging Face: OpenAI competitor Hugging Face raises $235 Million from Google, Amazon, and Nvidia at $4.5 Billion valuation.

Hugging face has more than 120,000 open-source AI models and more than 20,000 datasets available on their platform.

This platform can reach $100 Billion valuation in next 10 years easily as future lies in open-source and high-quality AI models & datasets.

• LangChain: You can call it an app store of AI apps. LangChain enables you to build AI tools on top of LLMs like GPT-4 or Hugging face AI models.

LangChain raised $10 Million earlier this year with a valuation of $200 Million.

Anyone who’s trying to build AI systems or tools can understand the potential of this startup. It can hit $3-$4 Billion valuation in next 3 years.

So what’s the future?

VCs are now taking a back seat and are not hyped up to invested in gloomy AI startups. That means, now value & real innovation can prevail.

So my focus would be on building Web apps and mobile apps. I’ll share a complete breakdown of AI mobile app opportunities in the next Newsletter edition. That’ll be a good read.

BEST AI CONTENT I FOUND THIS WEEK

How to Build AI Chatbots

This 3-hour Crash course will teach you how to build no-code AI assistants/chatbots.

Liam has done an amazing job to simplify AI terminologies like knowledge-base chatbots, vector databases, and AI fine-tuning.

You will learn about:

• How to make chatbots with DanteAI

• How to make chatbots with CodyAI

• How to make chatbots with Voiceflow

And building chatbots like:

• AI lead generation chatbot

• AI customer support chatbot

• AI staff training WhatsApp chatbot

Voiceflow Tutorial.

Everything you need to know about Voiceflow (Custom AI Chatbot/Agent Builder)

Sebo has done an amazing job of explaining Voiceflow in very easy-to-understand language. It’ll give you the best understanding of what you can build with Voiceflow, which is a serious competitor of Botpress & Slack AI.

Here’s the second part:

5 AI Tools to Supercharge Your Productivity

Activepieces: Task Automation platform recently listed on Appsumo. A competitor of Zapier, Pably & make.com

PromptFolder: Create, save, and explore innovative prompts with features like variables, organization, and sharing.

Bloc: Talk to your documents. A knowledge-based AI chatbot builder. A competitor of DanteAI, Chatbase & Chatsimple.

Code Llama: Meta’s open-source LLM for coding

Browse AI: Extract and monitor data from any website. Train a bot in 2 minutes.

-No sponsored tools.

THAT’S A WRAP

I hope you enjoyed the simple layout of today’s edition. Feel free to share your thoughts and suggestions.

1 thing I can assure you, the value and content will get even better from here. This is just the 3rd edition of ‘The AI Startup’ Newsletter.

Long way to go. Plenty of plans. Alot of things to build for the community, with the community.

Get obsessed with AI. Learn, practice, and build things you like. AI is the best shot we have for next 10 years.

Let’s make it count.

Thanks for reading.

Until next time!

CJ Z