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Welcome to another edition of Workshift! The exclusive newsletter for Leaders, Founders and Managers.
If you missed last week's issue, catch up here.
In Today's Email:
- The Revenue Gap
- How Successful B2b Saas Companies Structure Their Marketing Team
- AI Tool Of The Week 🤖: ManyChat enables you to create chatbots without the need for coding knowledge
- Opportunity Of The Week 💡: CCHub launched a market entry program to help African startups expand within the continent. Apply
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THE BIG IDEA
The Revenue Gap
David Cahn's latest article revisits his earlier analysis from September 2023, where he posed the question about AI's revenue shortfall.
Back then, he highlighted a significant gap between the expected revenue from AI infrastructure and the actual revenue growth in the AI ecosystem.
Fast forward to now, and that gap has widened. The $200B question he posed before has now ballooned to a $600B question.
Several key points have changed since last year:
- Supply Issues: The GPU supply shortage, which was a big concern in late 2023, has largely eased. It's now easier for startups and businesses to access GPUs, which are critical for AI computing.
- Nvidia's Dominance: Nvidia, especially with its new B100 chip offering better performance at a slightly higher cost, is poised to see increased demand. This could lead to another surge in GPU purchases.
- Revenue Landscape: OpenAI continues to dominate AI revenue, with other startups struggling to catch up. The challenge remains in delivering significant value to users beyond just niche applications like ChatGPT.
- Economic Impact: Despite the challenges, there's optimism that AI will create substantial economic value in the long run. Lower costs of GPU computing could spur innovation and benefit startups that navigate this period wisely.
Cahn also touches on the risks, like the potential oversupply of GPU infrastructure and the resulting price competition.
This situation mirrors historical tech waves where speculative investments can lead to significant capital burn if not managed carefully.
In essence, while there are significant challenges ahead, particularly around revenue generation and infrastructure costs, the potential rewards for companies focused on delivering real value in AI are immense.
Challenge Of The Week 🎯
Optimal hydration boosts energy, productivity, and focus.
Encourage your team to keep water bottles at their desks. It's a simple way to enhance wellness and workplace performance.
Hire Vetted Talent Faster 🚀
Are you currently hiring? Click here to receive quality talent profiles under 48hrs, for FREE
Learn From The Best ✍️
Josephine Esther Mentzer founded Estée Lauder Cosmetics at age 38 with four products.
She pioneered the 'Gift with Purchase' promotion and launched Re-Nutriv, a luxury cream that remains popular today. Known for exceptional quality and customer service, she also created brands like Aramis, Clinique, Lab Series, and Origins.
Estée Lauder passed away on April 24, 2005, leaving a lasting legacy in the beauty industry.
Don’t forget to save the image so you can always glance through it!
Credit: Ambition Chronicles
In Partnership With
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Meme Of The Week 😂
Should you quit this, and move on with a new one?
Credit: Mycodeless
Where You Should Be 🌍
WWBA Assembly
The second WWBA Assembly (Women who build Africa) will take place in Nairobi, September 5th-6th, with the full conference day on the 6th. WWBA will partner with the Africa Fintech Summit, Delta40 and more for this year's event!
Are you a startup founder looking to participate in workshop day? Apply here.
Interested in joining as a partner? Get in touch here.
Your Target Audience Are Our Friends 🎯
You can advertise with us, details here.
Recommended Read 📚
“A gripping account of PayPal’s origins and a vivid portrait of the geeks and contrarians who made its meteoric rise possible” (The Wall Street Journal)
Including Elon Musk, Amy Rowe Klement, Peter Thiel, Julie Anderson, Max Levchin, Reid Hoffman, and many others whose stories have never been shared.
Roundtable 🔄
Economic Trends For You 📈
- Economic difficulties are causing a slowdown in the pool industry
- June CPI inflation report preview
- The big economic shift (and 8% dividends) no one is talking about
Investing News & Opportunities 💰
- The stocks driving S&P 500 returns in 2024
- Armada lands $40 million in a funding round led by Microsoft’s M12
- Here's the average stock market return under democratic and republican presidents (hint: it may surprise you)
There’s More To Being A Leader🎖️
- How successful B2B SaaS companies structure their marketing team
- 10 uncommon business concepts that could give you an edge as a startup founder
- How CareerBuddy connected an exceptional talent with a fast-growing startup
- AI Tool Of The Week 🤖: ManyChat is a chatbot service that enables you to create chatbots without the need for coding knowledge
- Opportunity Of The Week 💡: Nigeria's CCHub has launched a market entry program to help African startups expand within the continent. Applications are open now
Pro Tip To Take You Through The Week🌟
What’s Happening? 🤷♂️
While you were away at work, these 5 things happened:
- Zoho, Google’s competitor in Africa, announced a price increase for Nigerian users
- Titanium Ventures, a U.S. and Australia-based venture capital firm, has promoted three team members to key roles
- Microsoft has exited its observer seat on the OpenAI board, while Apple can no longer appoint an executive to a similar role
- Justice Department says it disrupted Russian ‘bot farm’ used to spread propaganda in US
- Boeing will plead guilty to a criminal fraud charge stemming from two crashes of 737 Max jetliners that killed 346 people
Share With Your Friend 📣
If you know this newsletter can help someone in your network, why don't you go ahead and share?🚀
ABOUT CAREERBUDDY
Hire Smarter, Not Harder
At CareerBuddy, we make hiring seamless for fast-growing companies, we pride ourselves on knowing the best people that will excel in a Startup. With a candidate retention rate of 90.3%, it is safe to say “We are the best in the game for Startup hiring in Africa”.
We have worked with our partners to hire both for Technical and Non-Technical roles, we have also helped them with expansion in Africa. Some of our clients include Bamboo Invest, Helium Health, Cassbana, Cadana, Fincra, CrowdForce, Casava, TeamApt (now Moniepoint), Sabi, etc.
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Written by Onekpe Regina
Edited by Oluwaseye Adesina
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