Calling all founders and operators! Have you been looking for ways to offload your decision-making? Meet BabyAGI, an artificial intelligence (AI) designed for founders.
Inspired by the “HustleGPT” movement, a collective of entrepreneurs using AI to start and scale businesses, BabyAGI is a task-driven autonomous agent orchestrating large language models to generate and execute task lists based on simple objectives.
BabyAGI’s chief architect, Untapped Capital’s Yohei Nakajima, came up with the tool after looking for ways to outsource the thought and decision-making that went into HustleGPT.
“If you’re doing whatever ChatGPT is telling you to do, then why not automate the human portion,” Nakajima said in an interview with Benzinga. “When I posted a demo, others realized it was probably more than an AI founder and started calling it a BabyAGI.”
How BabyAGI Works: BabyAGI is less than 200 lines of simple code, which Nakajima created using AI. The open-source Python script is available on GitHub for free. It requires some work with APIs, pairing with OpenAI’s GPT-4 language model, Pinecone vector search, and the LangChain framework for full functionality. A human-inputted goal initiates prompts for task completion, while other agents craft and prioritize new tasks for it to complete. BabyAGI is also available online, not requiring a local installation.
Graphic: Retrieved from Yohei Nakajima.
BabyAGI Implications: Uses will likely consist of light deployments for research purposes.
“There’s still a lot of opportunity in the simple automation,” he elaborated, pointing to his portfolio company Wokelo.ai, a tool that generates actionable reports. “For instance, we have an email address with an AI tool attached. Our team can forward deals to that address, and the AI will look for key details, dropping them into our CRM.”
Who Is Yohei Nakajima: Active on Twitter under @yoheinakajima, Nakajima builds publicly, sharing many tips and insights for free. He found his happy place, which entails helping risk-keen founders succeed in tackling big problems, after a shaky career start.
“I grew up in Seattle, went to school in Japan for a few years, and ended up in California, where I studied economics and finance. My mistake was trying to start a business right out of college. Not surrounding myself with other entrepreneurs slowed me down.”
Nakajima then connected himself to the LA startup ecosystem, working his way up from Techstars, where he was director of pipeline and helped start their Disney Accelerator, to Scrum Ventures, where he connected corporations like Panasonic Holdings Corporation PCRFY with startups and learned how to run a fund. Today, Nakajima, alongside Untapped Capital’s Jessica Jackley, focuses on investing up to $250,000 in U.S.-based startups raising at a $3 million to $7 million valuation.
“My North Star are founders who are tackling big problems. I join them on their journey and connect them with the resources they need,” he explained, noting his approach to investing is far more engaged and streamlined. “We’re big on automation and having a differentiated thesis, which helps with fundraising.”
Untapped’s Differentiator: Success usually comes down to a startup’s ability to adapt to market changes.
“Betting on the team is a hedging strategy,” Nakajima recommended, noting he wishes to be a leader in a movement of VCs operating more efficiently. Like himself, VCs should use automation to “unlock time” and focus on cataloging their thoughts, as well as “connecting to founders and brainstorming.”
Catch Yohei Nakajima at TEDAI 2023, happening October 17 and 18 in San Francisco, where he’ll talk about the next generation of AIs that learn, reason and solve problems.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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