Navin Chaddha of Mayfield believes AI can revolutionize industries like consulting, law, and accounting by creating "AI teammates" that operate with software-like margins. He suggests startups should target neglected markets rather than competing with giants like Accenture, focusing on the 30 million small U.S. companies and 100 million worldwide that can't afford knowledge workers. AI can assist with tasks like implementing Salesforce or building websites, with humans in the loop for complex issues. Outcome-based pricing, where customers pay per event rather than per hour, can lead to high gross margins.

Mayfield has dedicated $100 million to "AI teammates," digital companions collaborating with humans for better outcomes. Chaddha acknowledges potential job displacement but believes humans will adapt and markets will expand, similar to previous technology waves. He advises VCs to focus on making small amounts of money bigger, rather than collecting logos, and to avoid FOMO by having their own North Star and discipline.

Gruve, an AI tech consulting startup, exemplifies this model by acquiring a security consulting company and growing its revenue through AI, achieving high gross margins with outcome-based pricing. While established firms like McKinsey face an innovator's dilemma in adopting AI models, smaller companies focusing on neglected markets have the potential to compete with them in the future.

OpenAI's Chief Research Officer, Mark Chen, expressed concern over Meta's recent hiring of several senior researchers from OpenAI.

In response, OpenAI leadership, including CEO Sam Altman, is actively working to retain talent by recalibrating compensation packages and exploring creative ways to reward top performers.

Reports indicate that at least eight researchers have moved from OpenAI to Meta, prompting OpenAI to take proactive measures to address the talent drain.

President Trump stated a group of wealthy individuals are set to acquire TikTok. He mentioned needing China's approval, suggesting President Xi Jinping's involvement. While details on the buyers remain undisclosed, Trump plans to reveal their identities soon. He has previously delayed a bill forcing ByteDance to sell TikTok or face a ban in the US, and has considered options like a joint venture with US ownership or acquisition by figures like Larry Ellison or Elon Musk.

A group of authors, including prominent names like Lauren Groff and R.F. Kuang, have issued an open letter urging book publishers to limit their use of AI tools. The letter emphasizes concerns about authors' work being exploited to train AI models without compensation. Key demands include publishers pledging not to release AI-created books, avoiding the replacement of human staff with AI, and refraining from degrading existing roles into AI monitoring positions. The letter gained significant traction, amassing over 1,100 additional signatures within 24 hours of its release. This action follows lawsuits filed by authors against tech companies for using their books to train AI models.

AI Talent Acquisition: Meta has hired Trapit Bansal, a key OpenAI researcher, to enhance its AI superintelligence team, joining other AI talents poached from rival labs.

Autonomous Vehicle Developments: Travis Kalanick may return to the self-driving car industry by acquiring Pony AI's U.S. arm, potentially with Uber's support.

Copyright and AI Training: A federal judge ruled that training AI on copyrighted books without permission can be considered fair use, sparking debate among creatives.

AI-Powered Fashion: Google has launched Doppl, an experimental app that uses AI to allow users to virtually try on outfits using an AI-generated version of themselves.

Energy Storage Innovation: Redwood Materials activated North America's largest microgrid, powered by retired EV batteries, to fuel an AI data center.

Robotaxi Scrutiny: Tesla's new robotaxis in Austin are under investigation by federal safety regulators due to videos showing unsafe driving behavior.

Publisher Revenue Solutions: Google introduced Offerwall in Ad Manager to help publishers generate revenue through micropayments, surveys, and ad views as AI impacts search traffic.

Leadership Changes at Tesla: Elon Musk reportedly fired Omead Afshar, Tesla's VP in charge of sales and manufacturing in North America and Europe.

Facebook Group Issues: Facebook Groups are experiencing mass suspensions, potentially due to faulty AI-based moderation.

Windows Update: The iconic Windows blue screen of death is being replaced with a black screen.