Welcome back AI enthusiasts!
In today’s AI Report:
🎮AI Creates DOOM Video Game
💵OpenAI’s $103 Billion Valuation?!
🧙♂️Magic’s New 100 Million Context Window
🛠5 Trending Tools
💰Venture Capital Updates
💼Who’s Hiring?
Read Time: 3 minutes
🗞RECENT NEWS
GOOGLE DEEPMIND
🎮AI Creates DOOM Video Game
Google DeepMind researchers developed “GameNGen,” an AI-powered game engine that generates interactive video game environments.
Key Details:
Video games are manually written around the following Game Loop:
Gather User Inputs
Update Game State
Render It to Screen Pixels
This Game Loop creates the illusion of an interactive virtual world for the player.
However, the hardware just emulates the manually written video game software.
“GameNGen” can create entirely new video game worlds in real-time tailored to each player’s decisions, including levels, characters, and gameplay mechanics.
“GameNGen” can interactively simulate the classic video game DOOM at over 20 frames per second on a single Tensor Processing Unit (TPU).
Why It’s Important:
“GameNGen” is the first AI-powered game engine to generate playable video games in real-time without any underlying manually written software.
It can theoretically generate infinite video game worlds, ensuring there’s always something new to explore.
🚨Watch Google DeepMind’s “GameNGen” gameplay here.
OPENAI
💵OpenAI’s $103 Billion Valuation?!
Image Source: Canva’s AI Image Generators/Magic Media
OpenAI is reportedly raising a new funding round that would value the startup at more than $100 billion.
Key Details:
Private documents show that OpenAI shareholders plan to sell their shares at a fixed price to outside investors, which would value the startup at $103 billion.
Thrive Capital is leading the new funding round and will invest $1 billion.
Tech Giant Microsoft also plans to participate in the new funding round.
It’s important to note that investors don’t own any private equity since OpenAI is technically a non-profit organization.
In 2019, OpenAI transitioned from a non-profit structure to a “capped profit” framework called OpenAI LP to “raise investment capital and attract employees with startup-like equity.”
Microsoft currently holds a 49% stake in OpenAI, having invested $13 billion into the startup since 2019.
OpenAI’s annualized revenue (i.e., how much money a startup expects to earn over a year) reportedly surpassed $3.4 billion earlier this year.
However, OpenAI is projected to lose nearly $5 billion by the end of this year and has already spent over $8.5 billion on training AI models.
Why It’s Important:
AI startups continue to attract investors despite reporting relatively small earnings. @edzitron posted on X: “OpenAI will have to raise more money than has ever been raised to survive.”
What’s OpenAI’s main revenue stream? Is it subscriptions, renting access, or strategic partnerships?
🩺 PULSE CHECK
Is OpenAI’s $103 billion valuation justified?
AI RESEARCH
🧙♂️Magic’s New 100 Million Context Window
Magic is an AI startup building safe Artificial General Intelligence (AGI) to accelerate humanity’s progress in solving the world’s most critical problems.
Magic’s new Long-Term Memory (LTM) AI model, “LTM-2-Mini,” boasts a 100 million context window. That’s 10 million lines of code or 750 novels.
The bigger an AI model’s context window, the more information it can process in a given prompt.
“LTM-2-Mini” requires 1,000X less compute and memory than Meta’s Llama 3.1 405B.
🛠TRENDING TOOLS
⚙️AgentOps tests and debugs AI agents.
💨Matrices is the spreadsheet that fills itself.
📦Didero automates your most common workflows.
📚Unriddle reads, writes, and reviews research papers.
📈UpTrends alerts you about market trends that impact your stock portfolio.
🔮Browse our always Up-To-Date AI Tools Database.
💰VENTURE CAPITAL UPDATES
💼WHO’S HIRING?
IBM (Austin, TX): Back End Developer Intern, Summer 2025
Palantir (Palo Alto, CA): Software Engineering Intern, Summer 2025
CISCO (San Francisco, CA): Full Stack Engineer Intern, Summer 2025
ScaleAI (San Francisco, CA): Software Engineering Intern, Summer 2025
NVIDIA (Santa Clara, CA): Research Engineer, Generalist Embodied AI Agents, New College Grad 2024
🤖PROMPT OF THE DAY
ACCOUNTING
📊Depreciation and Amortization
Develop a detailed report outlining the Depreciation and Amortization accounting practices for [Business] with [Product/Service] in [Industry] with [Target Audience] and [Budget Size].
Detail how these accounting practices spread out the cost of an asset over its useful life.
Business = [Insert Here]
Product/Service = [Insert Here]
Industry = [Insert Here]
Budget Size = [Insert Here]📒FINAL NOTE
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