OpenAI is making massive moves today with both in-ChatGPT apps AND a new AgentKit release dropping simultaneously. Meanwhile, a 19-year-old from Mumbai just got Google exec backing for an AI memory startup that could change how our silicon friends remember things.
OpenAI's Double Whammy: Apps IN ChatGPT + AgentKit for Developers
OpenAI just dropped not one but TWO game-changers this morning. First up, they're letting developers create apps that live INSIDE ChatGPT conversations. Think of it like having little AI power-ups appear right in your chat window – no more app-switching gymnastics. But the bigger bomb? Sam Altman announced AgentKit, a comprehensive toolkit for building AI agents from prototype to production. Here's the deal: building AI agents has been like assembling IKEA furniture without instructions – technically possible but painful enough to make you question your life choices. AgentKit provides the complete blueprint, screws included. This is OpenAI essentially saying, 'Hey developers, stop reinventing wheels and use our pre-built chassis.' With OpenAI's DevDay 2025 coming up (their biggest yet), this feels like the appetizer before the main course. The AI agent wars are heating up, and OpenAI just handed out flamethrowers.
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A research analyst claims the AI bubble is a whopping 17 TIMES larger than the dot-com bubble at $14 trillion in overvaluation, but argues the landing might be softer due to AI's actual economic utility.
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JetBrains announced Zed today, an open framework letting various AI coding agents work directly in their IDEs – think Switzerland but for AI coding assistants.
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Researchers discovered that multimodal AI models can correctly identify conflicts within a single modality 90% of the time but drop to a pitiful 3% when evidence spans multiple modalities (like comparing text to images).
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European private equity firms Oaktree, Partners Group, and EQT are racing to place €17 billion in data center deals, betting big that the AI infrastructure boom has only just begun.
🔌 API WATCH
OpenAI's AgentKit Takes Aim at AI Development Complexity
This morning's AgentKit release from OpenAI could be the standardization play the industry needs. It provides building blocks for agent development that should work across OpenAI's models (likely GPT-4o and up), though specific model compatibility details weren't in the announcement. The toolkit focuses on reducing friction between prototyping and production – a pain point every AI engineer knows too well. Meanwhile, Meta remains quiet on the API front today, but with OpenAI's DevDay approaching, we're expecting competitive responses from all the major players. Current GPT-4o Turbo pricing remains at $5/M tokens for input and $15/M tokens for output, with Claude 3.5 Sonnet still holding the value crown at comparable performance.
💰 FOLLOW THE MONEY
Teen's Memory Startup Gets Google Exec Backing as AI Infrastructure Investments Surge
Money is flowing to both ends of the AI spectrum today – from a teenager's memory layer startup Supermemory (backed by Google's AI chief) to massive €17 billion data center plays from European PE giants. The pattern? Infrastructure that makes AI either smarter (memory) or faster (data centers) is where the smart money's going. Plot twist: This comes the same day analyst Aswath Damodaran warned about a $14 trillion AI bubble. Meanwhile, Bitcoin just hit a new ATH above $125,000 on Sunday, partly fueled by US government shutdown concerns. The correlation? Both crypto and AI are becoming financial safe havens during institutional uncertainty – a fascinating convergence of the two biggest tech trends of the decade.
🛠️ TOOL SPOTLIGHT
ReadSprint
Launched literally today on Hacker News, ReadSprint is the TL;DR champion we didn't know we needed – an AI tool that extracts key insights from entire books in seconds. Perfect for those of us who buy books with the best intentions but never quite make it past chapter two. Your book club will never know the difference.
💼 SUCCESS STORY
Supermemory
Dhravya Shah, a 19-year-old developer from Mumbai, just pulled off what seasoned AI teams have been struggling with – building an effective memory layer for AI applications that caught Google AI chief's attention AND investment. Shah's Supermemory startup tackles AI's notorious goldfish memory problem, helping models maintain context across long conversations. It's like the difference between talking to someone with amnesia versus someone who actually remembers what you said five minutes ago. This kid is solving problems that billion-dollar labs are still wrestling with – from his laptop in Mumbai.
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$14 trillion
Estimated overvaluation in AI markets according to research analyst Aswath Damodaran – that's 17x bigger than the dot-com bubble and 4x the subprime mortgage crisis
€17 billion
Amount European private capital firms are looking to invest in data center deals today to capitalize on the AI infrastructure boom
3%
Success rate of multimodal AI models when identifying conflicts across different modalities (like text vs. image), compared to 90% success within a single modality
7.3 points
Performance improvement researchers achieved yesterday by implementing temperature scaling across LLMs, making base models rival RLHF-trained versions without additional training
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The information provided in this newsletter, including the "Follow the Money" and "API Watch" sections, is for educational and informational purposes only. It does not constitute financial advice, investment advice, trading advice, or any other sort of advice. You should not treat any of the newsletter's content as such. Promptobello does not recommend that any cryptocurrency, security, or investment should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions. Past performance is not indicative of future results.
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