Welcome to Monday’s Newsletter

In today’s scoop 🍨 

• 🥊 Meta Joins Team Musk vs Open AI

• 🤝 Klarna Claims AI Killed Its Hiring Spree (But Did It Really?)

• 🧹 ChatGPT's New Projects Feature Finally Fixes Your AI Mess

• 🔧 3 Trending AI Tools

🥊 Meta Joins Team Musk vs Open AI

In a plot twist worthy of Silicon Valley's finest drama, Meta is now playing legal tag team with Elon Musk against OpenAI. The target? Stopping the ChatGPT maker from becoming a for-profit company.

✉️ Meta sent a strongly-worded letter to California's Attorney General, arguing that letting OpenAI switch from nonprofit to profit status would set a dangerous precedent.

Their concern? Companies could exploit nonprofit benefits until they're ready to cash in big time. It's like using your student discount long after graduation – but with billions at stake.

The drama by the numbers:

• 🚀 OpenAI's latest valuation: $157 billion

• 💰 Recent funding round: $6.6 billion

• 🎁 What Musk initially donated: ~$100M

• 🤑 Current Meta investment in AI: Billions

⚔️ Meta is backing Elon Musk's legal crusade, despite their past beef (remember that canceled cage match?). OpenAI's response? They released receipts showing Musk actually wanted to make OpenAI for-profit back in 2017 – he just wanted majority control.

This isn't just about OpenAI's business structure – it's about control of the AI industry's future. Meta and Musk's xAI are competing with OpenAI and Microsoft in the AI arms race. While they claim they're fighting for ethical principles, it's hard not to see this as an attempt to throw sand in OpenAI's gears.

In the world of Big Tech, yesterday's enemies become today's allies when facing a common rival. The question is: should these battles be fought in courtrooms or through better products? As they say in Silicon Valley: sometimes the best defense is a good cease-and-desist letter. 👩‍⚖️

Next hearing date to watch: January 14, 2024. 👀 

🤝 Klarna Claims AI Killed Its Hiring Spree (But Did It Really?)

Is Klarna really revolutionizing with AI, or is this just another tech company jumping on the hype train? The Swedish fintech's CEO Sebastian Siemiatkowski is making waves with bold claims about AI replacing workers and traditional software. But let's read between the lines.

🌟 The Highlight Reel:

• 📉 Klarna dropped from 4,500 to 3,500 employees in the past year, with Siemiatkowski crediting AI

• 🗑️They're ditching Salesforce and Workday, claiming AI can handle those functions

• 🤖 Their AI chatbot supposedly does the work of 700 customer service agents

• 🤝 They're still hiring for 50+ roles globally

While Klarna's making headlines with its AI transformation story, there's more to this Swedish meatball than meets the eye. The company's workforce reduction mirrors industry-wide tech layoffs that happened during the same period (looking at you, Meta and Amazon). And that "AI revolution"? They're still actively recruiting for "essential roles, predominantly engineering."

⏲️ Klarna's timing is interesting. They're prepping for an IPO, and what better way to attract investors than positioning yourself as an AI pioneer? Their stock story has already gone from a $45.6B valuation in 2021 to $6.7B in 2022, and now back up to $14.6B. Nothing gets Wall Street excited quite like throwing "AI" into the mix.

While Klarna's AI initiatives are impressive (their customer service bot is handling two-thirds of chats), their "we stopped hiring because of AI" narrative might be more marketing than miracle. Sometimes the simplest explanation – that they're optimizing costs like everyone else – is the right one. Just with more AI sprinkles on top.

🧹ChatGPT's New Projects Feature Finally Fixes Your AI Mess

Remember that time you promised yourself you'd organize your digital life, only to end up with 47 browser tabs and a chaotic ChatGPT conversation history that would make Marie Kondo cry? Well, OpenAI feels your pain.

On Day 7 of their 12 days of announcements, OpenAI dropped Projects, a feature that's basically like giving your messy AI conversations a much-needed makeover.

✨ Here's what's sparking joy:

• 🗂️ Create color-coded projects to bundle related chats, files, and custom instructions

• 💭 ChatGPT remembers context between conversations (no more awkward re-introductions)

• 🧩 Seamlessly integrate with other features like Search and Canvas

• ⏰ Available now for Plus, Pro, and Teams subscribers (free users, your Marie Kondo moment is coming "soon")

During the demo, OpenAI showed off how Projects could handle everything from managing Secret Santa exchanges to building websites. Think of it as moving from sticky notes scattered across your desk to a perfectly labeled filing system – except this one's powered by AI and won't judge you for your messy digital habits. 🟨

This isn't just about tidying up – it's about making ChatGPT smarter about your ongoing work. Instead of treating every conversation like a first date, ChatGPT can now pick up right where you left off, armed with all the context and files from your previous chats.

So whether you're writing the next great American novel or just trying to keep your coding projects straight, ChatGPT's new Projects feature might just be the digital organization guru you never knew you needed. 🎯

🔧3 Trending AI Tools

• 🧠 Twin Mind - Understands your browser tabs, PDFs, and YouTube videos, providing real-time suggestions during meetings and assisting with writing tasks based on context.

• 🎬 Animate AI - AI video generator for animation video series

• 🔎 Accio - AI powered b2b sourcing engine

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Until tomorrow—stay curious! 👋