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Billions Pour into AI, MLOps Explodes, & Founder Salaries

Author

Zaur T
September 05, 2023

Dear friends, founders, and anyone who's ever asked, "Will ChatGPT take over the world?"

Welcome back to another edition of the 404trends Newsletter. Today, we’re diving deep into the astronomical growth in AI investments, the surging popularity of MLOps, a glance at funded MLOps startups, and the bothering question: How much should founders pay themselves?

AI Investments Breaking Charts 📊

Investments in AI skyrocketed, reaching almost $92 billion in 2022!

Why It Matters:

The global AI market, standing tall at $142.3 billion as of 2023, is on an upward trajectory, with projections hinting at an expansion into trillions.

AI startups, especially those focusing on machine learning and chatbots, are attracting capital at unprecedented rates.

MLOps – The Buzzword of the Hour ⚙️

Google searches for "MLOps" have soared with a growth volume of +9700%!

Why It Matters:

MLOps is revolutionizing the integration of Machine Learning, Data Engineering, and Software Engineering. It streamlines the development, deployment, and monitoring of ML models.

Funding for MLOps Startups 💸

Recent times saw a flurry of MLOps startups securing significant funds:

  • iStriveworks: $33M

  • Qwak: $12M

  • Galileo: $18M

  • Iguazio: Approximately $50M

  • Diveplane: $25M

  • Arize: $38M

  • Tecton: $100M

  • Weights & Biases: $50M

  • Deepset: $30M

Actionable Tips:

  • For Entrepreneurs: If you're in tech, and you didn’t integrate AI now is the time to arrange a board meeting. The surge in investments suggests a promising future.

  • For Investors: Keep a close eye on AI startups. The next unicorn might just be around the corner. Sign up for AI newsletters, or keep an eye on 404trends I’ll share with you my findings.

  • For Students: Educate yourself as fast as you can. Take courses, participate in tech communities, participate in hackathons, and find internships.
    ps. Fields like neural networks, deep learning, and natural language processing are in demand.

How Much Should You Pay Yourself As A Founder? 💼

Starting a business is exhilarating, but if you’re wondering how much should you pay yourself I analyzed discussions on Reddit and summed them up in an article.

Briefly:

  1. There's no fixed salary for founders. It varies.

  2. Your pay should meet your personal needs but also allow the business to operate well.

  3. Early on, you might earn less. Bigger earnings often come as the business grows.

  4. Save some earnings for unexpected challenges.

  5. A high salary might deter future investors. Consider what your pay signals.

Wrap Up 🥳

Another week, another deep dive into the tech world's pulsating heart! Share this newsletter if you found it insightful.

Till the next one,

Zaur

P.S. Let's make 404trends even better together. Hit reply and share what topics are you interested in! That will help me to write better content