Dall-E 3 is Here, with BIG Changes
Building Startups by Ajay Yadav
The ‘No-BS’ BS Newsletter
Happy Friday everyone,
Let’s get started🚀
💻️AI
➡️ Dall-E 3 is Here and Bringing Many Big Changes
We’re switching the format up a bit, lots to talk about this announcement!
OpenAI just introduced the third version of DALL-E that also integrates with ChatGPT!💡
DALL-E is OpenAI’s generative AI image/visual art platform. 🖼️
We have seen image generators previously struggle with things like displaying text in the generated images, despite inputting prompts explaining precisely what is desired.
Prompting has always played a central role in Generative AI models. We know it.
With DALL-E 3, users no longer have to spend time writing detailed and lengthy prompts on their own. They can now input image requests and fine-tune prompts through conversations with ChatGPT.💬
This simplifies the art generation process and makes the tool more accessible as it does not pre-requisite strong prompt-writing skills.⌨️
Additionally, OpenAI also claims that DALL-E 3 generates higher-quality images that more accurately reflect prompts, including the long and detailed ones. 🌟
Take a look at this comparison shared by OpenAI between outputs of DALL-E 2 and DALL-E 3:
Prompt- An expressive oil painting of a basketball player dunking, depicted as an explosion of a nebula.
Image credits: OpenAI
Look any different? :)
AND there’s more to it.
OpenAI has also implemented new mechanisms to reduce algorithmic bias and improve safety with DALL-E 3.
Plagiarism has always been a sensitive topic within the generative AI discussion. DALL-E 3 will reject requests asking for images in the style of living artists or of public figures. Furthermore, artists can now opt out of having some or all of their work used to train future OpenAI text-to-image models. 🛟
OpenAI faced criticism over DALL-E's potential to generate explicit or biased images, leading to a waitlist for access to the platform. The waitlist was later removed in September last year.
DALL-E 3 will initially be available to ChatGPT Plus and ChatGPT Enterprise users in October. OpenAI has not announced a release date for the general public.
This looks like a promising step towards a safer AI-enabled world. Are you excited to try the tool? I sure am.
➡️ AI Tool of the Week: Locofy.ai
Did you know you can turn you designs into production-ready code? Locofy.ai does exactly that, and is a game-changing, no-code AI tool for app development. ⌨️
This incredible tool is compatible with Figma and Adobe XD, and it can generate code for React, React Native, HTML-CSS, Gatsby, and Next.js. You can tag responsive designs, make components, get live-prototypes and export code or deploy! 😃
It's super simple to use, and an absolute boon for builders, enabling a 5-10x speed increase in launching projects. Try it out!
🚀Entrepreneurship
What do investors look for in a startup before investing? 💰️
I have raised funds several times for my companies, but I am also an investor. And this is my perspective on what works given my personal experience on being at both sides of the table.
There was a time where primarily you had an idea and you could get funding as long as the idea was exciting.
After that, time came where investors would look at the idea, but also at the team behind it. If you and your team had any sort of track record to show your credibility, you would get funded.
Today, I feel investors broadly place their trust (and money) in a startup that has these 4 things aligned:
The Idea 💭
The Team and its Track Record 🧑🤝🧑
The MVP 💻️
Some Form of Traction on the MVP 📈
And as important as these factors are, it is equally imperative that you find your investors in people that align with your idea. 💡
Just because you don’t get funded does not mean that the idea is not worth pursuing. Right idea, wrong investor is very much a possibility and happens so many times in the startup world.
You have to align the right idea with the right investor, and the right investor is someone who is passionate about their industry, your idea, and more importantly, you. ✅
👔 Leadership Lifestyle
Nithin Kamath is the CEO and co-founder at Zerodha, an Indian financial services company that offers brokerage-free services such as equity investments, commodities trading and more.
Zerodha is the largest brokerage firm in India, completely bootstrapped and valued at $2 billion.
He and his brother started young. At a mere 17 years Nithin was working at a call centre and earning Rs 8,000 a month.
Nithin now has an estimated net worth of $1.1 billion.
Both Nithin and his brother Nikhil are philanthropists as well as fitness enthusiasts with an admirable work ethic.
Here is something Nithin shared on his LinkedIn about his philosophy for building Zerodha:
Have a great weekend folks, see you soon!
Share this newsletter, you know the drill :)