AJ Asver 🤖👨🏾💻🌁
@_aj
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Building @ParchaHQ . Prev Product @compound , @brexhq , @coinbase , @google . Alum @ycombinator , @uniofoxford . Dad of twins, in-person maximalist, Coda Yoda.
San Francisco
Joined January 2008
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Pinned Tweet
Really excited to share that we raised $5M in seed funding led by
@KindredVentures
and
@Initialized
to begin our mission of eliminating manual workflows and empowering businesses to scale using AI. Checkout the news on Fortune's Term Sheet:
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Here's a thread of my favorite quotes from Jensen Huang's interview with Patrick Collison at Stripe sessions today. There was so much wisdom packed into 1 hour!
BTW fun fact: Jensen's first job was cleaning toilets.
🧵Nuggets of wisdom from Jensen Huang:
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@mwseibel
@theallinpod
BG2 has more of the original All In vibe with a purely tech / macroeconomic focus.
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To celebrate MidJourney V5, in my latest podcast episode, I learned how to prompt like a pro from one of my favorite AI creators
@LinusEkenstam
. Here's what I came up with in V5... (link to podcast episode in thread)
🧵90s Movies as Lego sets!
1. Lion King
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The implications of this announcement are pretty profound, not just for startups considering building in this space 😬 but Google, Amazon and Apple too.
OpenAI has effectively just launched its Siri/Echo/Assistant competitor, except it's going to be way better than all of them
We’ve added initial support for ChatGPT plugins — a protocol for developers to build tools for ChatGPT, with safety as a core design principle. Deploying iteratively (starting with a small number of users & developers) to learn from contact with reality:
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It’s amazing to see how
@ycombinator
under
@garrytan
is breathing so much life back into SF. ~ 500 YC startups come to SF every year. The majority will stay, many will employ dozens of people and some will go on to employ hundreds or thousands…
SF is so back! Roar!!!
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Jensen doesn't like to fire people:
"I would rather improve you than give up on you."
"I’d rather torture them into greatness”
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Today we're excited to share what what we've been working on
@ParchaHQ
for the last 6 months:
1/ A new AI suite that automates manual compliance reviews during onboarding. Banks and fintechs can now approve more customers, ten times faster, with strong compliance using AI:
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When
@ammaar
published a children's book in a weekend using AI, I had to know how he did it so I could make one for my kids. We caught up a few weeks ago and recorded a video of the step-by-step process using ChatGPT, MidJourney and
@pixelmator
.
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Jensen has 60 direct reports. He believes that having less hierarchy creates more equal access to information. So no 1-1s:
“I give you feedback right there in front of everybody. Learning from other people’s mistakes is the best way to learn. Why learn from your own mistakes?"
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It was great catching up with some of the S08 batch last night. Looks like my phone has the 2008 filter on too…🤣
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Finally on Nvidia's culture:
“I think a lot of good things are made with operational excellence but you can’t make extraordinary things with just operational excellence. It takes loving care. You can’t put it in a number."
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Jensen believes he has great work-life balance 😁:
“I work as much as I can."
"I sit through movies and I don’t remember them because I’m thinking about work.”
“I get my work done before I go to work.”
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After 6 months of exploring AI, I’m excited to go back to founding a startup again with
@MiguelriosEN
! We’re building enterprise-grade AI agents to speed up manual workflows, starting in fintech Compliance and Ops. We’re hiring in SF and Puerto Rico! - DMs are open.
Starting today, I officially start my role as CTO and founder of Parcha, alongside my friend and ex-product partner at Brex,
@_aj
.
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Jensen tries to only have meetings focused on problem solving:
“CEO are pinch hitters.”
“I hate reporting meetings.”
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On the long game of developing CUDA:
“I like hard things because it takes a long time to do. If it takes a long time to do, it takes a really resilient person to do it.”
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Jensen believes in going after new markets:
"I’d rather be a market maker than a market taker”
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New episodes of
@Initialized
@brettdg
’s High Bit podcast just dropped including this one where I share our experience
@ParchaHQ
of bringing AI agents into production. Check it out here:
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In Coinbase we trust 💙
Wow, I mean, if you had told me 3 years ago that:
FTX
Binance
BlockFi
Terra
Celsius Network
Voyager Digital
Three Arrows Capital
Gemini Trust
Hodlnaut
And hundreds of other companies were all run by frauds
I would have absolutely believed you
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On adopting AI in your business:
“Your company is going to go out of business because another company is going to use AI. If the margins cost of intelligence is practically zero there are a lot of things you would do that you wouldn’t have done otherwise.”
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Anyone still skeptical about LK99 will soon realize that resistance is futile.
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How do AI chatbots actually work? Why do they hallucinate? And how did Bing develop a personality? I caught with up
@KevinAFischer
, the founder who wants to give AIs a soul, to find some answers.
Check out my interview with Kevin here:
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Jensen's thoughts on building something the market doesn't yet see value in:
“I gut check against my core beliefs everyday.”
“You have to be willing to distill down to first principles. You have to reason about it.”
“Your First principles are easy to remember."
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But Jensen's belief in CUDA made it happen:
“The board believed in CUDA because I deeply believed in it.”
“It was one of the most important innovations in modern computing”
“It probably took ten years to get [CUDA] going – it wasn’t that long.”
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CUDA wasn't an overnight success, in fact quite the opposite:
“CUDA was an incredible disaster over night. It costs so much to go after that zero billion dollar market it crushed the one billion dollar market we enjoyed.”
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We're hugely grateful to
@KindredVentures
and especially
@stevejang
for backing us on Day 0. Here's an interview we did with Steve about what we're up to
@ParchaHQ
and our vision for the future.
P.S. we're hiring:
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AI’s killer use case is giving anyone with an idea the ability to build a product, launching it and grow their business with zero experience. This will create more economic value in our generation than any previous software or technology wave has before. Don’t believe me?
🧵…
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Reflecting more our decision to ditch AI agents and the Apple Intelligence announcements on Monday, I’m even more convinced we made the right choice.
🧵 on why I think it’s time to move on from “AI agents”…
“If an AI agent carries out a workflow consisting of 10 tasks autonomously but has a 10% error rate per task, the compounded error rate over the whole workflow is 65%.”
There is a lot of nuance building production LLM systems
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On how big Jensen things the AI market could become:
“The world has installed about $1T data centers. They use general computing which has run its course. The world will accelerate everything. That means replacing $1T of computing with accelerated computing with no growth.”
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Last month I had the opportunity to chat with
@joshalbrecht
about the research his company
@genintelligent
is doing on AI Agents. We talked about AGI as human-like intelligence, memory in AI agents, and a world with universal unemployment and lots more.
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Jensen's thoughts on open source models:
“Llama 2 activated just about every industry to work on generative AI.”
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Jensen things there will be 100X growth in compute demand:
“These tokens are going to create new products, new services, enhanced productivity, a hundred trillion dollars of value”
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Jensen's predictions for when AGI:
“If you make a list of all the AGI tests, [based on those tests] it’s definitely within the next 5 years.”
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2/ Hidden in the post: One of the plugins is the ability for ChatGPT to browse the internet!
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We're flattered that Parcha was mentioned in
@BainCapVC
's latest article on the State of Generative AI in Financial Services. We're building AI Agents that supercharge compliance and ops teams by automating manual workflows. Check out the article below:
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Check out the full podcast episode where I learn how to prompt like a pro in MidJourney with
@LinusEkenstam
here:
(click through to watch the video)
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@paulg
I almost fell into this trap too after Oxford. In fact, I declined an offer from a consulting firm because we got into YC. Luckily I had
@sharpshoot
@kul
@harjtaggar
@kirill
in the years above to show me there was a different path.
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But Jensen believes there's huge opportunity for gowth in computing:
“We’re producing tokens, floating point numbers for the first time in history that has value. The world is going to produce an enormous amount of tokens.”
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I've been a huge fan of
@coda_hq
for a while and recently chatted with
@DKossnick
about their new AI features. This is a must-watch for PMs integrating AI into their product and founders who want to automate sales with AI.
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This weekend I used
@CoinbaseWallet
to start earning 7% interest on USD using
@compoundfinance
and it took less than 5 minutes. No signing-up or waiting for approval needed. That's pretty amazing. The Open Financial System is coming and everyone is invited.
#crypto
#DeFi
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We exclusively use
@magicaltome
for internal and external decks now. It's so much faster to create decks and they look default beautiful :)
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Excited to share that I've joined
@compound
as Head of Product! You can learn more about what we do here:
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.
@kimmaicutler
thanks for highlighting Parcha in your interview on Bloomberg
@technology
!
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I can’t really imagine owning road-bike in the future without pedal assist. I’m a total convert to ebikes since we got the
@RadPowerBikes
Radwagon for transporting the kids.
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4/ Open-source retrieval plugin let's you build integrations into your organizations private datasets so you will be able to search and reason across your company's knowledge base!
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Check out this awesome interview of
@garrytan
with
@emilychangtv
about YC. So happy to see Garry take on this new challenge leading YC. Feel super grateful to know him as a friend and batch mate. Go S08! 🧡
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Best new technology pod!
The Apple Vision Pro is a magical new platform, a peek at the future like the iPhone was in 2008.
The wave starts now but crests in five years. What can founders build now? Find out in ep2 of The Lightcone Pod.
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Except
@coda_hq
There's no "must have" new tool that will make you a better product manager.
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We spent the last 6 months
@brexHQ
making our signup experience as fast as possible with a goal of businesses being able to get started in 5 minutes or less. It’s great to see this being highlighted in comparisons. Speed matters!
SIGNING UP
@banknovo
: 9 mins to apply, approved in 2 days
@BankMercury
: 10 mins to apply, approved in 30 mins
@brexHQ
: 4 mins to apply, approved instantly
14/25
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Another great conversation with Dads and the dad-curious on CH! This week we talked about formula, childproofing, sleep training, diapers and of course lots of 💩. Thanks
@ndrewlee
@craynium
@__aston__
@garrytan
@hua
@taps
@agarwal
@abatalion
@brezina
and Momerator
@TaliJang
!
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One fun ritual I do with our 5yr old twins every night is creating a personalized bedtime story using ChatGPT.
Today I finally get to share the joy of doing this with more parents thanks to
@OpenAI
.
Introducing Jackanory:
Enjoy!
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6/ With this announcement, OpenAI is moving from a developer platform to a consumer platform. We haven't seen a compelling consumer platform for many years, so I'm really excited for where this is going! Reminds me of Facebook Platform ~2007 🚀🚀🚀
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When Microsoft goes into startup mode...
(but is still Microsoft)
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Had a lot of fun hosting our first clubhouse “Dads in the House“ today to talk about dad life with
@_arjun
@__aston__
@ndrewlee
@craynium
and our awesome “momerator”
@TaliJang
. We’ll be back next Thursday at 9pm PT. All dads, dads to be and dad-curious people welcome!
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As a founder, one of my most important jobs is hiring the right people. I’ve done hundreds of values interviews in previous roles and always felt like the conversation was a bit forced. At the same time when building a founding team values alignment is critical.
Here’s my hack
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1/ Are you a fast-growing fintech looking to scale your KYC/KYB processes efficiently? Dive into our latest content series, "Scaling Fintech," to discover the best practices used by industry leaders.
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Are you an engineer that’s curious about AI and want to learn how it works from the ground up in less than an hour?
Check out the article we just published which covers every major technical advancement from neurons to LLMs over the last 70+ years!
Here at Parcha, we’re all-in on AI as a technology that’s going to revolutionize the way we work. But have you ever wanted how we got here?
We wrote an in depth article on the history of AI and the technical advances that got us from neurons to chatbots:
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Message I sent to the
@ParchaHQ
team yesterday amid the OpenAI chaos:
Tl;dr: build with LLM redundancy in mind (we already do this) and focus on shipping to customers.
Hey folks,
With everything happening at OpenAI this weekend, you might be wondering how it impacts our
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We did a make your own pizza night last night and got Bard to judge the final results using it's new image input... Guess which one won?
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5/ OpenAI also made it super easy to build a very plugin. very developer-friendly compared to navigating Google/Amazon/Apple closed ecosystem.
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It's time to build.
My official start date at
@ParchaHQ
was one year ago this week. We have an office, product, customers, revenue, and plenty of work ahead of us! 🚀 LFG!!!
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Anyone who knows me know that I'm a huge
@coda_hq
fan. Our whole company runs on Coda docs and I love the new AI feature in Coda, which I'm using to help me qualify leads for my founder-led sales pipeline.
Excited to see this in the hands of more users now!
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Access to AI will become as important to humanity in the next few decades as access to the Internet was in the last few decades.
Efficient access to information fuels economic growth and AI will give you the most efficient access to all human knowledge.
And you don’t need 5G!
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3/ There's also a Python code interpreter plugin that lets ChatGPT write code to answer a question 🤯
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Come work on AI Agents with us at Parcha. As Karpathy said, the work being done on Agents in the wild (not in research labs) really is the cutting edge right now 🤓. Oh and we’re building for real customers, not just demos!
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10/ Finally, we're focused on the problem we're solving, not the technology we're leveraging which is why we're launching a new website at , and you won't see "AI agents" mentioned anywhere.
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Excited to try out the Ai Pin!
love how this video by
@humane
came out.
really captures well some of the coolest features in live action. even so, there’s much more it can do. the road ahead will be fun.
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Hey AI Twitter, Ever since Google shared its latest AI research update a few weeks ago, a question has been on my mind that no one has answered yet:
How do Google’s latest AI models stack up against the competition? 🤔
I did a comparison to find out...
🧵...
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Reminder: If you’re new to AI like me and want to learn more about the space, checkout my newsletter. It’s aimed at builders, founders and product folks that are curious about AI but aren’t sure where to start!
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My 4yr old son has discovered the ultimate sick burn for my high achiever insecurities: I showed him a complex Lego model I was building for him and he said “I’m not proud of you daddy. It’s not good enough” 😭😭😭
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2/ Parcha's automates KYB/KYC compliance reviews by analyzing documents, researching businesses, screening entities online, remediating issues and more all using the latest AI models. In total we have over a dozen AI powered checks you can run on businesses and individuals.
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8/ Our platform is enterprise ready from day one, with SOC 2 Type 2 compliance, private instances for each customer and SSO support.
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My fintech worlds are colliding and I love it! Excited to see
@brexHQ
taking our first step into the crypto economy!
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9/ On average reviewing a case using Parcha's AI is a tenth of the cost of a human manual review. And because we're focused on providing measurable ROI to our customers, not just a cool demo, we guarantee that if Parcha can't resolve a case, we won't charge you for it.
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