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🤖 a16z’s Top 50 GenAI Web Products
PLUS: Fourth Paradigm Leads Hong Kong IPO Surge
James Roesser
September 18, 2023
Welcome back AI enthusiasts!
In today’s AI Report:
🏆a16z’s Top 50 GenAI Web Products
📈Fourth Paradigm Leads Hong Kong IPO Surge
🛠5 Trending Tools
💰Venture Capital Updates
💼Who’s Hiring?
Read Time: 3 minutes
🗞RECENT NEWS
A16Z
🏆a16z’s Top 50 GenAI Web Products
Venture capital firm a16z released a report analyzing monthly website traffic visits to AI consumer products, revealing the competitive landscape of the generative AI economy.
Key Details:
Open AI’s ChatGPT is the leading generative AI platform, capturing 60% of traffic visits and dominating usage rankings.
Character AI isn’t far behind, with 4.2M monthly active users and an impressive 29:57 average session duration.
The top 10 performers include Google’s Bard, Quora’s Poe, Quillbot, Photoroom, Civitai, Midjourney, Hugging Face, and Perplexity.
The company offerings between products with proprietary models, fine-tuned open-source models, and public third-party models are represented throughout the list.
Most AI products are browser-centric platforms without mobile apps or minimal app traffic. OpenAI launched a ChatGPT app in May, and mobile usage only represents 2% of the company’s traffic.
The exceptions to mobile app traffic include Photoroom, with 88% mobile users, and Character AI, with 46% mobile engagements.
Why It’s Important:
Relative to mainstream consumer products, the largest generative AI platforms are trivial. Website traffic from OpenAI’s GhatGPT is similar in scale to Reddit, LinkedIn, and Twitch. However, it pales in comparison to WhatsApp, YouTube, or Facebook.
Of the top 50 generative AI tools, 80% didn’t exist a year ago.
Companies that capitalize on the app market and create a seamless mobile experience will have the opportunity to garner outsized engagement.
WORLD NEWS
📈Fourth Paradigm Leads Hong Kong IPO Surge
Fourth Paradigm, an AI-driven decision-making platform, is leading three Chinese firms to raise $280M in a Hong Kong IPO launch on Monday.
Key Details:
Fourth Paradigm aims to raise $144M by selling 18.4M shares ranging from HK$55.60 to HK$61.16 each, according to its regulatory filings.
Three cornerstone investors, headed by New China Capital Management (NCCM), have purchased $96.8M of newly issued shares, equating to 70.6% of the IPO.
Fourth Paradigm was added to the U.S. “Entity List” this year, meaning U.S. suppliers are barred from shipping U.S. technology to them unless they receive a difficult-to-obtain license from the Commerce Department.
Why It’s Important:
The “Entity List” is reserved for companies that engage in activities that could result in the diversion of exported, re-exported, or transferred (in-country) items to weapons of mass destruction (WMD) programs.
China strives to achieve AI supremacy by allowing Chinese private firms to provide military, intelligence, and surveillance utilities for Beijing.
Advanced AI models are differentiated by three main inputs: algorithms, data, and chips. The Biden administration has restricted exports of advanced chips to China, suffocating Chinese developers from entering the supply chain and obtaining powerful processors.
🛠TRENDING TOOLS
📚Quillbot offers an AI-powered paraphrasing tool to improve writing with rephrasing tools and a synonym optimizer.
👀PimEyes is a reverse image search tool that leverages facial recognition technology to find pictures containing specific faces on the internet.
🕸10web elevates your web presence with seamless website management. Unlock powerful tools for hosting, optimizing, and securing your site.
🐙Dectopus is a presentation generator with suggested layouts and automated content to develop optimized presentations.
🔌Narrative BI turns your data into meaningful narratives. Receive valuable insights from your marketing and advertising data automatically in one place.
💰VENTURE CAPITAL UPDATES
Superorder raises $10M to help restaurants maintain their online presence.
Arm trades up in its IPO debut, which values the firm above its opening valuation of $54.5B.
Intel sells a stake in IMS Nanofabrication to TSMC for $430M.
💼WHO’S HIRING?
🤖PROMPT OF THE DAY
CALL-TO-ACTION (CTA)
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Generate 3 Call-To-Action (CTA) button ideas for [Product]. The CTA should be less than 4 words. Focus on the benefits or actions related to [Product].
Product = [Insert Here]📒FINAL NOTE
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