Florian Scherl 19 year-old Founder and CEO of Fast AI Movies talks about his startup journey as a young and successful entrepreneur with Laurenz Sommerlad from Europe's leading student initiative TUM.ai.

Florian learned programming at the age of 12, built his first neural network at 15, and finally founded his company when he turned 18. He already employs over 16 people and won several startup competitions. FAST AI Movies uses Artificial Intelligence to produce fully automated customized training videos.

Deep dive into the stories of past AI E-Lab participants. Unveil their learnings, catch a glimpse of their latest wins, and uncover nuggets of wisdom from their participation in the AI Entropreneurship-Lab, a student-led, equity-free 14-week incubator from TUM.ai.

Apply NOW to be part of the second iteration of the AI E-LAB 👇 https://www.tum-ai.com/e-lab

FAST AI MOVIES & FLORIAN SCHERL: Florian's LinkedIn: https://www.linkedin.com/in/florian-scherl/ Fast AI Movies LinkedIn: https://www.linkedin.com/company/fast-ai-movies/ Website: https://fast-ai-movies.de/

VALENTIN MÜHLDORFER x STUDIO MUNICH: Studio Munich's LinkedIn: https://www.linkedin.com/company/studiomunich/ Studio Munich's Instagram: https://www.instagram.com/studio.munich/ Valentine's LinkedIn: https://www.linkedin.com/in/valentin-c-m/ Valentine's Instagram: https://www.instagram.com/vlxntin/

Watch on YouTube: https://youtu.be/DPJGAG9blO8

TUM.AI STUDENT INITIATIVE: LinkedIn: https://www.linkedin.com/company/tum-ai/ Instagram: https://www.instagram.com/tum.ai_official/ Website: https://www.tum-ai.com/ Slack: https://join.slack.com/t/tumaipublic/shared_invite/zt-10kg0t1f9-JLRXDxY_d_vprKWgab0cVw

Interested in joining Germany's leading AI student initiative in MUNICH? Apply by 1st of October 2023 EoD for our WS23 program and be part of this exciting journey! https://join-us.tum-ai.com/

OUTLINE: 00:00 - Intro 00:15 - Who is Florian Scherl? 00:28 - Coding prodigy at the age of 12 01:50 - What is Fast AI Movies? 03:27 - Competition (ChatGPT, Synthesia) 05:55 - Technical Deep Dive 07:00 - What is a Transformer Model, LLM ? 09:23 - Business Model and Product 12:14 - Prices and Packages 14:21 - Biggest Challenges and Obstacles 18:37 - AI E-LAB impact on growth and development 20:39 - Final Pitch Event at Microsoft and new Employee 21:10 - Advice for apsiring Entrepreneurs 22:45 - How to use Startup Incubators correctly 23:13 - Progress Update since AI E-LAB 25:44 - Team Structure 26:43 - 16 Employees. Who are they? 27:17 - How to afford 16 employees as young startup? 28:18 - Key Learnings and Insights at AI E-Lab Incubator 30:11 - Advice for Founders (Support Network, Sign up for everything) 31:37 - EU AI Act 33:57 - Outro