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This chapter explores the recent layoffs at DeepGram and the possible implications for the AI industry. The hosts discuss the waning hype in the AI space, challenges faced by AI startups, and the advantages of incumbents.

On today's episode, NLW reviews Air Street's epic 6th annual State of AI report - https://www.stateof.ai/ Before that on the Brief, Character AI launches group chats; an AI startup is doing layoffs; and the RIAA wants voice cloning sites to be considered piracy. Today's Sponsors: Listen to the chart-topping podcast 'web3 with a16z crypto' wherever you get your podcasts or here: https://link.chtbl.com/xz5kFVEK?sid=AIBreakdown Netsuite | The leading business management software | Get no interest and no payments for 6 months https://netsuite.com/breakdown TAKE OUR SURVEY ON EDUCATIONAL AND LEARNING RESOURCE CONTENT: https://bit.ly/aibreakdownsurvey ABOUT THE AI BREAKDOWN The AI Breakdown helps you understand the most important news and discussions in AI. Subscribe to The AI Breakdown newsletter: https://theaibreakdown.beehiiv.com/subscribe Subscribe to The AI Breakdown on YouTube: https://www.youtube.com/@TheAIBreakdown Join the community: bit.ly/aibreakdown Learn more: http://breakdown.network/