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  • šŸ¤– Coatue Management Seeks $1 Billion to Fund AI-Focused Startups

šŸ¤– Coatue Management Seeks $1 Billion to Fund AI-Focused Startups

PLUS: Metaā€™s Former Head of Hardware Joins OpenAI, This $120 Robot Arm Cleans Spills

Welcome back AI enthusiasts!

In todayā€™s AI Report:

  • šŸ¦Coatue Management Seeks $1 Billion to Fund AI-Focused Startups

  • šŸ˜³Metaā€™s Former Head of Hardware Joins OpenAI

  • šŸ§½This $120 Robot Arm Cleans Spills

  • šŸ› Trending Tools

  • šŸ’°Funding Frontlines

  • šŸ’¼Whoā€™s Hiring?

Read Time: 3 minutes

šŸ—žRECENT NEWS

COATUE MANAGEMENT

šŸ¦Coatue Management Seeks $1 Billion to Fund AI-Focused Startups

Image Source: YouTube/David Rubenstein/ā€œCoatue Managementā€™s Philippe Laffont Doesnā€™t Think AI is Overhypedā€/Screenshot

Coatue Management, an investment firm focused on turning big ideas into world-shaping companies, is raising $1 billion to fund AI-focused startups.

Key Details:
  • Coatue Management has nearly $50 billion in Assets Under Management (AUM), which refers to the total market value of the investments managed by Coatue Management.

  • Coatue Management claims, ā€œAI is the next Technology Supercycle that has the potential to improve our world meaningfully.ā€ The investment firm has backed over 50 AI-related companies in the past decade.

  • A Technology Supercycle refers to a period of sustained growth and technological innovation that can last for years or decades.

  • Founder of Coatue Management Philippe Laffont believes AI advancements will revolutionize various industries and shape the future of human society.

  • In an interview at the 2024 Bloomberg Invest Summit, Laffont explained that he believes robots powered by artificial brains will drive the next wave of AI developments. ā€œWhat happens when you put an artificial brain inside a robot that lives side-by-side with humans?ā€

Why Itā€™s Important:
  • Unlike anything weā€™ve seen before, AI adoption is happening rapidly among Big Tech companies, already impacting our economy.

  • Over 300,000 AI models have been shared on Hugging Face, over 50% of trending GitHub repositories have been about AI, and over 8,000 AI apps have already been created.

šŸ©ŗ PULSE CHECK

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OPENAI

šŸ˜³Metaā€™s Former Head of Hardware Joins OpenAI

Image Source: Canvaā€™s AI Image Generators/Magic Media

Metaā€™s former Head of Hardware and Lead on Augmented Reality (AR) projects is joining OpenAI to build robotics applications and create consumer hardware.

Key Details:
  • Caitlin Kalinowski is a mechanical engineer and AR hardware expert who previously oversaw the impressive creation of Metaā€™s Orion ARxAI Smart Glasses.

  • Theyā€™re equipped with fluid voice controls, eye tracking, and hand tracking, as well as paired with a Neural Wristband.

  • The Neural Wristband uses Electromyography (EMG) to interpret the electrical signals produced by muscles, translating hand movements into digital commands.

  • Kalinowski was also the Technical Lead and Product Design Lead at Apple, working on the 2012 MacBook Air, 2012 MacBook Pro, and the 2013 Mac Pro.

  • ā€œIn my new role, Iā€™ll initially focus on OpenAIā€™s robotics efforts to help bring AI into the physical world,ā€ she said in a post on LinkedIn.

Why Itā€™s Important:
  • Kalinowski will likely work alongside her former colleague and legendary Apple designer Jony Ive, who confirmed heā€™s building AI-powered devices for OpenAI.

  • The AI-powered devices wonā€™t resemble traditional mobile devices like smartphones, tablets, or laptops and will likely integrate with OpenAIā€™s conversational chatbots.

AI RESEARCH

šŸ§½This $120 Robot Arm Cleans Spills

Image Source: X (i.e., Formerly Twitter)/@JannikGrothusen/ā€œWe built a GPT-4o-powered cleaning robot.ā€/Screenshot

Researchers from the University of California, Berkeley (i.e., ā€œUC Berkeleyā€) leveraged OpenAIā€™s GPT-4o (ā€œoā€ for ā€œomniā€) to teach a $120 robot arm to clean spills.

They collected a diverse dataset of human actions related to cleaning spills. This diverse dataset taught the AI model about sponges, spilled liquids, and wiping motions. The AI model was also trained to recognize visual instructions like pointing at spilled liquids and understand verbal commands like ā€œclean up the spilled liquids.ā€

Researchers provided the $120 robot arm with roughly 100 demonstrations on cleaning spills with visual instructions and verbal commands. The $120 robot arm was trained using Reinforcement Learning (RL), which teaches it to make decisions that result in the best outcomes. It mimics the ā€œtrial-and-errorā€ process humans use to learn, where actions that lead to desired outcomes are reinforced.

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šŸ”®Browse our always Up-To-Date AI Tools Database.

šŸ’°FUNDING FRONTLINES

  • Why cloud security platform Wiz really turned down Googleā€™s $23B offer.

  • SpotAI secures $31M in New Equity Funding to launch AI agents for video surveillance applications.

  • Insider raises a $500M Series E to enable brands to deliver personalized customer experiences across digital channels.

šŸ’¼WHOā€™S HIRING?

  • Coinbase (New York City, NY): Security Engineering Intern, Summer 2025

  • Skydio (San Mateo, CA): Hardware Test and Reliability Intern, Summer 2025

  • DriveWealth (New York City, NY): Post Trade Engineering Intern, Summer 2025

  • Amazon (Seattle, WA): Software Development Engineer Co-Op, Summer 2025

  • Nvidia (Santa Clara, CA): Research Scientist, Machine Learning {ML} Systems, New College Grad 2025

šŸ¤–PROMPT OF THE DAY

CRISIS MANAGEMENT

šŸ“±Negative Publicity on Social Media

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Product or Service = [Insert Here]

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Target Audience = [Insert Here]

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šŸ“’FINAL NOTE

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