Top of the mornin! This is GPTEA, the newsletter that sends you a daily email packed with AI goodies.It's just like when your mom used to pack you that brown paper bag lunch every day.

In Today’s Email:

• The next big thing: Brain Implants

• BuzzFeed AI clickbait leads to 150% stock jump

• Steeped Memes

• Funding Fridays

P.S. welcome to all the first time readers. Reply to this email to let me know if you love it, or hate it. If you liked the newsletter, please do us a solid and share it on Twitter or forward this email to your buddy.

EX-NEURALINK EMPLOYEE RAISES $41M

This week, Precision Neuroscience raised $41M in a series B to continue work in treating devastating neurological conditions like strokes, traumatic brain injuries, and dementia.

The procedure involves making a small incision and overlaying a thin film micro-electrode array spanning 380 microns (or 1/5 the thickness of a human hair for those of us who don't speak science) over the surface of the brain.

What we found interesting:

1/ It's Modular: If the patient finds improvement with one array, they can keep adding more arrays to enhance capabilities. (More power-ups please!)

2/ It's Bi-directional: The electrodes record, interpret and translate brain signals to enable control of computer systems – turning thoughts to actions.

Despite the recent technology downturns, Brain-Computer Interface (BCI) is a growing sector – raising over $274M last year, up from $170M five years ago; leading the pack is Twitter Neuralink with over $360M in funding.

Precision Neuroscience CEO Benjamin Rapoport says their secret sauce is they're the only kids in town who's procedure is minimally invasive, high-resolution and most importantly, reversible.

*chefs kiss*

"The future is here, it's just unevenly distributed." Famous words by writer, William Gibson aka. Mr. Cyberpunk.

People are always looking for a leg up over each other – just look at all the people in Hollywood popping Ozempic.

While the entry use cases are treating neurological conditions as well as controlling prosthetics, it isn't hard to imagine a black mirror world where brain implants paired with GPT lead to some cyberpunk dystopia...

STEEPED MEMES

🤣🤣

AI BUZZWORD PUMPS STOCK

It wasn't that long ago that you could put "crypto" or "blockchain" after a company and see the stock value increase.

Remember when Long Island Iced Tea changed its name to Long Blockchain Corp and saw its stock soar 200%? GPTEA remembers.

Jonah Peretti, CEO of BuzzFeed, threw a Hail Mary as it announced plans to use ChatGPT to create its content and enhance its quizzes.

BuzzFeed has been underperforming for the last 8 months and ChatGPT has single handedly saved Jonah's ass and his millions in stock-based compensation. At least for this week.

This announcement could help turn BuzzFeed into an AI-content powerhouse and surpass its peers.

Peretti acknowledged that the future of digital media for the next three years will be creators like celebrities, athletes and influencers working alongside AI.

Moreover, The Wall Street Journal reported that Meta is going to pay BuzzFeed millions to help generate creator content for Facebook and Instagram.

This is not financial advice, but this smells like a pump and dump.

FUNDING FRIDAY

Each Friday, we give you a rundown of AI companies that were funded during the week.

This week, we saw $150M+ get invested into AI companies & funds. Here's who got the money:

Hawk AI Germany's leading provider of anti-money laundering and fraud prevention technology for banks and payment companies, raised $17M in a Series B led by Sands Capital to accelerate product development in financial crime.

Atomic AI A biotech company fusing cutting-edge machine learning with state-of-the-art structural biology raised a $35M Series At o unlock RNA drug discovery, led by Playground Global.

Hume AI We're shouting out a friend of the newsletter: Alan Cowen and his NYC-based startup Hume AI for raising $12.7M in a Series A to incorporate emotional intelligence into AI tech to help understand and care for human well-being, led by Union Square Ventures.

That's all for today folks! Cheerio till next week, Nick (Mr. Risk-On), Ty (Mr. Risk-Adjusted).