AIGC winter is coming

Estimated read time 5 min read

These days, a message through all of my friends, that is Amidst the global buzz around artificial intelligence, it came as a shock when a company with a worth of 1.5 billion USD and widely acclaimed as the quickest rising AI unicorn in 2022, announced redundancies.

Jasper, the United States’ AIGC unicorn, had its founder, Dave Rogenmoser, unveil on LinkedIn on July 12th that the company would be initiating layoffs in response to rapid industry changes and to reallocate resources.

Success of Jasper

Jasper, which was established in 2021 and secured a funding of USD 125 million in October last year, boasted revenues of 40 million and 75 million USD over the last two years. Despite this, the founder’s layoff announcement provides some insight into the current predicament.The announcement pointed out that the AI landscape had evolved dramatically over the previous year, making it increasingly challenging to satisfy the growing demands, despite Jasper servicing numerous firms. The realization dawned that the company had to recalibrate the team to optimize actions, which unfortunately led to the elimination of some roles, impacting a significant number of early employees. Despite the difficulty of this transition, it was seen as necessary for Jasper’s long-term development.Rogenmoser, the founder of Jasper and the orchestrator of the layoffs, concluded his announcement by expressing gratitude towards all contributing employees, promising to aid them in finding suitable job replacements.

Attempting to summarize the roller coaster ride detailed in Dave’s announcement, it can be simplified to an internet slang phrase: “The company stands at a critical juncture, and needs to consolidate its resources for key battlegrounds.” However, this minor contraction has had significant implications for its employees.It’s perplexing to note that despite its recent hefty funding and two successive years of high revenue, Jasper, an AI unicorn, has opted for layoffs as a strategy for accelerating research and development.

Product

The apprehensions about Jasper’s future stem primarily from their core product, Jasper.AI.Developed based on the GPT3 model, Jasper.AI is an AIGC product specializing in copy creation.
It offers over 60 writing templates for various use cases, supports over 25 languages, and is integrated with tools like Grammarly to detect plagiarism and correct errors in generated content, evolving from an advertising tool to an AI content platform.
The unique proposition and robust business prospects of Jasper.AI helped secure a 125 million USD Series A funding led by Insight Partners in October 2022, boosting the company’s worth to 1.5 billion USD, 18 months post the launch of Jasper.AI.
However, the landscape changed dramatically on November 30, 2022, with the launch of ChatGPT. Its offering of free services and accumulation of over a million users within five days of launch dealt a significant blow to Jasper.AI. Even the introduction of a paid version of ChatGPT Plus was still much more economical than Jasper.AI, causing many users to make the switch.The unveiling of GPT4 soon after, buried Jasper.AI’s shallow competitive advantage, relegating the former AIGC star to the brink of extinction.
As a result, Jasper’s website traffic declined nearly 40% within three months.

Insight

Industry insiders surmise that despite the company’s current economic situation appearing positive, they must resort to austerity measures to ensure survival until they discover a new growth avenue.Similar dilemmas are being faced by dozens of products and start-ups based on the GPT model or similar offerings by tech giants.

These entities must either adapt and find unique product advantages or be forced out of the market in this highly competitive landscape.

  1. Rapid Pace of Technological Change: The case of Jasper.AI’s struggles illustrate how quickly the AI field evolves. Jasper.AI was based on GPT-3, but GPT-4 was released in less than a year. The pace of technological progress can make it difficult for companies to maintain their competitive advantage unless they are on the cutting edge of technology.
  2. Business Sustainability: Relying solely on a single AI model or technology can be risky. Diversification of technology offerings and constant innovation is key to a sustainable business model in the AI domain. For instance, companies could look at a combination of AI technologies across NLP, Computer Vision, and others, to ensure resilience in the face of rapid technological advancements.
  3. Market Monopolization: The entry of tech giants in the AIGC space can prove to be challenging for smaller startups. The extensive resources and user bases of these giants can overshadow the offerings of smaller companies, thus highlighting the importance of finding niche markets and delivering unique, high-quality services.
  4. User Privacy and Ethics: With AI-generated content becoming more prevalent, issues related to user data privacy, content credibility, and ethical considerations are paramount. Establishing robust policies and practices around these aspects can enhance user trust and brand reputation.
  5. Customization and Personalization: While the AIGC field has seen a surge in ‘generalized’ AI models, there’s a growing need for more customized solutions catering to specific industries or use-cases. Businesses that can provide highly personalized AI solutions could have a competitive edge.
  6. Collaboration over Competition: A collaborative approach could benefit smaller AI companies. Partnering with other firms for technology, user base, or resources could be a strategic move to withstand competition from larger players.

To conclude, the AIGC industry is a dynamic and challenging domain, but it holds tremendous potential. The key to success lies in the ability to innovate, diversify, and adapt swiftly to the ever-evolving technological landscape.

You May Also Like

More From Author

435Comments

Add yours
  1. 1
    Aleksbot

    MIGRANT SUPPORT предлагает помощь в получении номера PESEL и гарантирует разумные цены. Профессиональные специалисты компании, прилагают максимум усилий для выполнения различных задач. https://migrant.support/poluchieniie_nomiera_pesel – сайт, где узнаете, для чего нужен песель и как, сделать его удаленно. Мы оказываем бесплатную консультацию, работаем качественно и оперативно. Относимся лояльно к нашим клиентам, делаем все возможное, чтобы оправдать их ожидания. Обращайтесь именно к нам и не пожалеете о своем выборе!

  2. 4
    lottery defeater software

    I needed to draft you this little bit of note to finally thank you so much over again for your stunning guidelines you’ve documented at this time. It is incredibly open-handed with people like you to convey extensively all that a few individuals could have distributed as an e-book to get some dough for their own end, most importantly given that you might have done it in case you desired. The pointers as well worked to be the good way to comprehend other individuals have the identical fervor similar to my very own to see a lot more with reference to this matter. I know there are several more enjoyable occasions in the future for people who look over your website. lottery defeater

  3. 6
    the genius wave

    Needed to draft you a little bit of word in order to say thank you the moment again for your personal stunning principles you have shown in this case. This is so generous with you to provide openly what exactly some people could have marketed for an electronic book to end up making some bucks for their own end, primarily now that you could possibly have tried it if you ever considered necessary. Those pointers also served like a great way to recognize that the rest have the same interest much like my personal own to see way more related to this matter. I believe there are lots of more pleasant times in the future for many who go through your blog. the genius wave

  4. 11
    Golovweneda

    На сайте https://umnye-roboty-pylesosy.ru/ вы сможете приобрести умного робота-пылесоса, который порадует своей качественной работой. К его важным преимуществам относят эффективную, быструю, точную работу. А управление происходит при помощи смартфона. Предусмотрены различные параметры чистки, которые выбирают в соответствии с типом напольного покрытия. При выборе стоит учесть и габариты изделия, чтобы оно легко передвигалось по полу. Также важны и дополнительные функции, которые повысят комфорт.

  5. 14
    java burn

    I wanted to compose you this very little word just to say thanks over again relating to the superb basics you have provided on this website. It is really seriously open-handed of you to make easily what many people would have supplied as an e-book to earn some profit for their own end, notably now that you might have tried it if you decided. These thoughts additionally served to become a easy way to recognize that some people have similar desire like my personal own to understand lots more with regard to this issue. I think there are millions of more enjoyable situations ahead for many who browse through your blog post. java burn reviews

  6. 21
    Donaldthili

    Профессиональные seo https://seo-optimizaciya-kazan.ru услуги для максимизации онлайн-видимости вашего бизнеса. Наши эксперты проведут глубокий анализ сайта, оптимизируют контент и структуру, улучшат технические аспекты и разработают индивидуальные стратегии продвижения.

  7. 37
    Georgevap

    Pin-up Casino https://pin-up.admsov.ru/ is an online casino licensed and regulated by the government of Curacao . Founded in 2016, it is home to some of the industry’s leading providers, including NetEnt, Microgaming, Play’n GO and others. This means that you will be spoiled for choice when it comes to choosing a game.

  8. 41
    JeffreyTwide

    Реальные анкеты проституток https://prostitutki-213.ru Москвы с проверенными фото – от элитных путан до дешевых шлюх. Каталог всех индивидуалок на каждой станции метро с реальными фотографиями без ретуши и с отзывами реальных клиентов.

  9. 42
    Matthewmub

    Смотрите онлайн сериал Отчаянные домохозяйки https://domohozyayki-serial.ru в хорошем качестве HD 720 бесплатно, рейтинг сериала: 8.058, режиссер сериала: Дэвид Гроссман, Ларри Шоу, Дэвид Уоррен.

  10. 45
    Jamestoogy

    Изготовление памятников и надгробий https://uralmegalit.ru по низким ценам. Собственное производство. Высокое качество, широкий ассортимент, скидки, установка.

  11. 46
    GeorgeBor

    Pin Up Casino https://pin-up.ergojournal.ru приглашает игроков зарегистрироваться на официальном сайте и начать играть на деньги в лучшие игровые автоматы, а на зеркалах онлайн казино Пин Ап можно найти аналогичную витрину слотов

  12. 48
    Aaronwar

    Pin Up https://pin-up.fotoevolution.ru казино, которое радует гемблеров в России на протяжении нескольких лет. Узнайте, что оно подготовило посетителям. Описание, бонусы, отзывы о легендарном проекте. Регистрация и вход.

  13. 51
    Williamgeaks

    Pinup казино https://pin-up.vcabinet.kz это не просто сайт, а целый мир азартных развлечений, где каждый может найти что-то свое. От традиционных игровых автоматов до прогнозов на самые популярные спортивные события.

  14. 64
    Jeffreydrymn

    Gianluigi Buffon https://buffon.com.az Italian football player, goalkeeper. Considered one of the best goalkeepers of all time. He holds the record for the number of games in the Italian Championship, as well as the number of minutes in this tournament without conceding a goal.

  15. 78
    Kennethbib

    Thibaut Nicolas Marc Courtois https://thibaut-courtois.real-madrid-ar.com Footballeur belge, gardien de but du Club espagnol “Real Madrid”. Lors de la saison 2010/11, il a ete reconnu comme le meilleur gardien de la Pro League belge, ainsi que comme joueur de l’annee pour Genk. Trois fois vainqueur du Trophee Ricardo Zamora, decerne chaque annee au meilleur gardien espagnol

  16. 89
    Craigdoush

    Видеопродакшн студия https://humanvideo.ru полного цикла. Современное оборудование продакшн-компании позволяет снимать видеоролики, фильмы и клипы высокого качества. Создание эффективных видеороликов для рекламы, мероприятий, видеоролики для бизнеса.

  17. 90
    JustinWag

    Заказать вывоз мусора заказать вывоз мусора в Москве и Московской области, недорого и в любое время суток в мешках или контейнерами 8 м?, 20 м?, 27 м?, 38 м?, собственный автопарк. Заключаем договора на вывоз мусора.

  18. 91
    ArturoBoync

    Реальные анкеты номера проституток Москвы с проверенными фото – от элитных путан до дешевых шлюх. Каталог всех индивидуалок на каждой станции метро с реальными фотографиями без ретуши и с отзывами реальных клиентов.

  19. 92
    Anthonypek

    Совсем недавно открылся новый интернет портал BlackSprut (Блекспрут) https://bs2cite.cc в даркнете, который предлагает купить нелегальные товары и заказать запрещенные услуги. Самая крупнейшая площадка СНГ. Любимые шопы и отзывчивая поддержка.

  20. 97
    ChrisBiomy

    Монтаж систем отопления https://fectum.pro, водоснабжения, вентиляции, канализации, очистки воды, пылеудаления, снеготаяния, гелиосистем в Краснодаре под ключ.

  21. 110
    ThomasVoisp

    Доставка груза и грузоперевозки https://tamozhennyy-deklarant.blogspot.com по России через транспортную компанию автотранспортом доступна и для частных лиц. Перевозчик отправит или доставит ваш груз: выгодные тарифы индивидуальный подход из рук в руки 1 машиной.

  22. 111
    JamesBam

    Предлагаем купить гаражное оборудование https://profcomplex.pro, автохимию, технику и уборочный инвентарь для клининговых компаний. Доставка по Москве и другим городам России.

  23. 113
    Kennethjip

    Купить зеркала https://zerkala-m.ru по низким ценам. Более 1980 моделей, купить недорого в интернет-магазине в Москве с доставкой по России. Удобный каталог, низкие цены, качественные фото.

  24. 132
    JamesPak

    Промышленные насосы https://superomsk.ru/news/137099/pogrujne_nasos/ Wilo предлагают широкий ассортимент решений для различных отраслей промышленности, включая водоснабжение, отопление, вентиляцию, кондиционирование и многие другие. Благодаря своей высокой производительности и эффективности, насосы Wilo помогают снизить расходы на энергию и обслуживание, что делает их идеальным выбором для вашего бизнеса.

  25. 138
    Robbiehob

    Полезные советы и пошаговые инструкции по строительству https://syndyk.by, ремонту и дизайну домов и квартир, выбору материалов, монтажу и установке своими руками.

  26. 214
    tonic greens

    Tonic Greens: An Overview Introducing Tonic Greens, an innovative immune support supplement meticulously crafted with potent antioxidants, essential minerals, and vital vitamins.

  27. 259
    suzuki bandung

    I’m extremely inspired together with your writing abilities as smartly as with the layout for your weblog. Is this a paid subject or did you customize it yourself? Either way stay up the excellent high quality writing, it is uncommon to look a nice weblog like this one these days..

  28. 273
    EddieDiB

    Единственная в России студия кастомных париков https://wigdealers.ru, где мастера индивидуально подбирают структуру волос и основу по форме головы, после чего стригут, окрашивают, делают укладку и доводят до идеала ваш будущий аксессуар.

  29. 279
    Leanbiome

    I was very pleased to find this web-site.I wanted to thanks for your time for this wonderful read!! I definitely enjoying every little bit of it and I have you bookmarked to check out new stuff you blog post.

  30. 281
    garansi kekalahan

    Wonderful blog! I found it while searching on Yahoo News. Do you have any suggestions on how to get listed in Yahoo News? I’ve been trying for a while but I never seem to get there! Many thanks

  31. 288
    milanslot

    It’s actually a cool and useful piece of information. I’m glad that you just shared this useful information with us. Please keep us informed like this. Thanks for sharing.

  32. 305
    Ronniefloro

    Хотите научиться готовить самые изысканные и сложные торты? В этом https://v1.skladchik.org/tags/tort/ разделе вы найдете множество подробных пошаговых рецептов самых трендовых и известных тортов с возможностью получить их за сущие копейки благодаря складчине. Готовьте с удовольствием и открывайте для себя новые рецепты вместе с Skladchik.org

  33. 310
    instalasi gas

    When I originally commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is added I get several emails with the same comment. Is there any way you can remove me from that service? Appreciate it!

  34. 337
    obor 138

    Yesterday, while I was at work, my sister stole my iPad and tested to see if it can survive a thirty foot drop, just so she can be a youtube sensation. My apple ipad is now destroyed and she has 83 views. I know this is entirely off topic but I had to share it with someone!

  35. 350
    SamuelThons

    Сайт https://ps-likers.ru предлагает уроки по фотошоп для начинающих. На страницах сайта можно найти пошаговые руководства по анимации, созданию графики для сайтов, дизайну, работе с текстом и фотографиями, а также различные эффекты.

  36. 357
    Jeffreytam

    RDBox.de https://rdbox.de bietet schallgedammte Gehause fur 3D-Drucker, die eine sehr leise Druckumgebung schaffen – nicht lauter als ein Kuhlschrank. Unsere Losungen sorgen fur stabile Drucktemperatur, Vibrationsisolierung, Luftreinigung und mobile App-Steuerung.

  37. 384
    nsfw character ai

    Good – I should definitely pronounce, impressed with your site. I had no trouble navigating through all the tabs as well as related information ended up being truly simple to do to access. I recently found what I hoped for before you know it at all. Quite unusual. Is likely to appreciate it for those who add forums or something, website theme . a tones way for your customer to communicate. Excellent task..

  38. 386
    Mebyvhaware

    На сайте https://stapeli1.ru получите данные о том, какие стапели лучше всего подобрать для того, чтобы выполнить кузовной ремонт. Вы ознакомитесь с типами стапелей, особенностями, преимуществами. Есть информация о платформенных стапелях. Вы узнаете о достоинствах использования таких конструкций в ремонте. Имеется информация и о том, как правильно подобрать конструкцию, чтобы она прослужила как можно дольше и обрадовала своими эксплуатационными свойствами. Рассматриваются параметры, которые помогут подобрать устройство высокого качества.

  39. 388
    nsfw ai

    Oh my goodness! an incredible article dude. Thanks Nonetheless I am experiencing difficulty with ur rss . Don’t know why Unable to subscribe to it. Is there anybody getting equivalent rss downside? Anyone who is aware of kindly respond. Thnkx

  40. 397
    TBS Car Battery

    I carry on listening to the news update lecture about getting free online grant applications so I have been looking around for the top site to get one. Could you tell me please, where could i find some?

  41. 414
    Sugar Defender

    Hi! I know this is kinda off topic but I was wondering if you knew where I could locate a captcha plugin for my comment form? I’m using the same blog platform as yours and I’m having difficulty finding one? Thanks a lot!

  42. 426
    aplikasi freelancer

    I want to get across my admiration for your kind-heartedness supporting individuals that require help on the area of interest. Your real commitment to passing the solution up and down had become particularly informative and has usually enabled girls much like me to realize their desired goals. Your own invaluable help signifies a whole lot to me and far more to my fellow workers. Thank you; from each one of us.

+ Leave a Comment