Weekly newsletter on technology, startups, and venture capital.

I’m hosting an event around the future of voice-based AI on October 18th along with my partners at Race Capital. Speakers include:

- Paul Ricci, the former CEO of Nuance (acquired by Microsoft for $19B).

- ​Sam Liang, founder of Otter.ai, one of the most utilized generative AI apps according to the WSJ 

- Edith Yeung, GP at Race Capital 

Space is limited but RSVP here and would be great to see you there.

-------------------------

Written by Chris McCann, General Partner @ Race Capital. More about me.

• Big news last week for the biggest AI players - Anthropic raised $4B, and OpenAI is reportedly raising a new round at $90B. 
• Despite all of the usage of AI, Tech, and Web3, worldwide data center energy consumption is only around 1% of global electricity demand.
• Thoughts on transitioning from SMB to Enterprise sales. 
• 50% of enterprise buyers are expecting to increase their AI spending in the next 6 months. 
• Private debt has now overtaken venture capital in terms of total dollars raised this year.
• A look into the potential unbundling of enterprise resource planning (ERP) systems.
• A look into Apple's advertising infrastructure.
• What if the endgame for AI is not chatbots, but rather a new form of an operating system?

• By Company: Databricks, GoodNotes, Zeet, Polysign, Opaque, Lightning Labs, OtterTune, and more
• By Role: Engineering, Data Science, Product, Design, Operations, Finance, Legal, and more
• By Location: SF Bay Area, New York, London, and Remote
• Browse more open roles across our portfolio at Race Capital's Portfolio Job Board.

------------------

This Startup Digest Reading List goes out to a wide membership base of founders, technologists, investors, and operators. Feel free to share with others, sign up here: https://read.letterhead.email/techstars-startups-and-tech