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Hello, hello! 👋 Monday's here, but so are we – bringing you the latest news and features to start your week.
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As always, please support the newest Featured Startups, as many are looking for feedback and just starting out!
Our team packed a lot into this newsletter, so let’s get into it!
Table of Contents
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Featured Startups
KillerStartups’ Mission is to help entrepreneurs achieve the next big thing. Our role is to connect you with founders you can help, and founders who can help you!
When we featured Uber in 2010, Founder Travis Kalanick might have still been your driver.
Uber raised their first $1.6MM three months after we featured them. $4.9B later, we are still proud to have discovered them.
🚀 Submit Your Startup to Get Featured and More! - SUBMIT YOUR STARTUP
Our question to you is: How can YOU help these companies?
With our newest polling feature, you can rate these startups and provide feedback about YOUR thoughts!
30-Second News Picks
Image Credit: VentureBeat
Our 30-Second Summary:
Slack is making a bold move into the AI arena with its latest announcement. The popular workplace messaging app is set to introduce AI agents for its paying users, aiming to streamline workflows and boost productivity. These agents will include Salesforce's Agentforce, third-party agents from partners like Asana and Adobe Express, and even custom-built agents from Slack customers. The goal is to consolidate tasks and information access within the Slack platform, addressing the challenge of information overload that many desk workers face. While this integration promises easier access to data and automated task handling, Slack emphasizes its commitment to data security and limited access for these AI agents. Additionally, Slack is rolling out AI-powered features like transcriptions for Huddles and an AI Workflow Builder, further cementing its position at the forefront of AI innovation in workplace communication tools.
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Image Credits: Tech Crunch
Our 30-Second Summary:
Big news in the AI investment world! Salesforce Ventures, the VC arm of Salesforce, has just announced a significant boost to its AI fund, doubling it to a whopping $1 billion. This move, revealed during the Dreamforce conference in San Francisco, marks a rapid expansion from their previous increase to $500 million in June 2023. It's a clear signal of Salesforce's bullish stance on AI, considering this fund now represents a fifth of Salesforce Ventures' total investments over its 15-year history. The VC firm is also playing a crucial role in making San Francisco a hotbed for AI startups, attracting companies from around the globe. With an already impressive portfolio including names like Anthropic, Hugging Face, and Runway, Salesforce Ventures is cementing its position as a major player in the AI investment landscape. This massive fund expansion underscores the growing importance and potential of AI in the tech industry.
🚀 Submit Your Startup to Get Featured and More! - SUBMIT YOUR STARTUP
Buy the dip in AI stocks says Goldman Sachs - Investing.com
Image Credits: Reuters
Our 30-Second Summary:
Goldman Sachs is urging investors to "Buy the dip in AI," highlighting a recent pullback in AI-related stocks as a prime opportunity. Despite AI stocks retreating from year-to-date highs, the investment bank notes that these companies are outperforming earnings expectations and now trade at attractive valuations relative to forward earnings. Goldman Sachs cites several factors poised to support a rebound, including anticipated lower interest rates, reduced economic policy uncertainty post-election, and expected progress in AI products at upcoming industry conferences. The bank emphasizes the significant ROI potential in AI infrastructure, referencing NVIDIA CEO's remark that $1 spent on their infrastructure generates $5 in rental revenue for hyperscale customers. With AI stock valuations now normalizing and the growing importance of data centers in U.S. power demand, Goldman Sachs views further declines as unlikely without "fresh bad news," positioning AI stocks as an attractive investment in the current market landscape.
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Tweets of the Week
Imagine you have $86,400 in your bank account.
And someone stole $60.
Would you be sad and throw away the other $86,340?
Probably not, right?
You have 86,400 seconds in a day.
And 60 seconds in a minute.
So don't let a minute of negativity ruin your whole day.
— Enrico Lo Conte (@EnricoLoConte)
3:05 PM • Aug 27, 2024
This speaks to me: it’s the essence of building hard things that take time to have impact, but then matter in a big way - you have to love the process, not just the outcome!
— Chris Lattner (@clattner_llvm)
6:24 PM • Sep 6, 2024
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Notes From KillerStartups Staff 👀
Our team is happy to announce the newest features on KillerStartups, including the site redesign and polling feature. We could not accomplish these goals without a supportive and powerful community like yourselves! Thank you!
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