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Top 3 Things in This Edition

◆AI Biz Spotlight: Henry AI earns $1M ARR automating real estate pitch decks
◆Global AI Pulse: Cohere doubles ARR, EU sets AI law in motion, Mistral launches enterprise chatbot
◆Startup & Unicorn Watch: CargoAI finds funding, AI-native startups scale beyond $15B in revenue

AI Business Idea of the Week

Henry AI – $1M ARR Automating CRE Pitch Decks

Founder: Sammy Greenwall (YC W24 alumni)

Smarter, leaner, and weirdly silent—Henry AI soared to $1 million in annual recurring revenue inside eight months without ads or a sales team. Sammy’s insight? Automate commercial real-estate pitch decks with LLMs, and let the value speak for itself.

His recipe was simple:

1. Identify the universal headache: pitch decks waste dozens of hours per deal.

2. Validate before building: landed early users before writing a single line of code.

3. Let word of mouth do the work: LinkedIn posts and referrals brought in 62 brokerages.

4. Automate ops through AI: LLMs + Rippling kept them lean and efficient.

Though the setup feels niche, it’s a masterclass in focusing on one workflow, solving it exceptionally, and scaling with zero marketing budget.

Global Weekly AI News (Aug 12–19)

🇺🇸 US & Canada

• Cohere hits a robust $100M ARR, copying rivals with enterprise-grade LLMs.

• OpenAI scales its nonprofit impact with global grants supporting AI in education and health.

🇪🇺 Europe

• The EU AI Act is now live—any public-facing AI must now be transparent and explainable.

• In the UK, policymakers warn outdated grid infrastructure is throttling data center growth.

🇨🇳 China

• Baidu is priming Ernie 5.0 for release, promising sharper reasoning capabilities.

🇮🇳 India

• AI’s infrastructure future highlighted at the Soonicorns Summit in Bengaluru—entrepreneurs and policymakers converging on product-market dynamics.

🌍 Global

• CargoAI, an AI-first logistics startup, raises substantial funding to automate freight routing and haulage.

• The AI-native startup landscape breaks $15B in annualized revenues—proof that AI tools now pay the bills.

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🦄 AI Unicorns — This Week’s Credit Moves

Marco Fazio Editor,
Latestly AI,
Forbes 30 Under 30

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