Industry Insights & News:

Stay informed with our daily dose of AI news and industry insights to help you make informed business decisions.

• Reddit's housekeeping update - New Rule: No AI generated answers due to the fact that AI can make things up when it doesn't understand something or gets bad/conflicting information.

  • TL;DR - When the "front page of the internet" Reddit cracks down, expect more across the interview and apps with rules like this. The user's ability to EDIT and ADJUST from an AI generated starting point is quickly becoming the skill and a competitive advantage.

  • Bonus TL;DR: "Prompt engineers" will be hot for the next 1-2 years, but tools like MidJourney are already telling us what the best prompts are. So the toolset of editing continues to be pushing to the forefront of value.

• Salesforce is working on a pair of new generative AI-driven workflow tools. These include the Data Cloud, a data warehouse tool formerly known as Genie, Einstein GPT, a generative AI tool, and Flow, an AI workflow tool.

  • TL;DR - Big tech companies are looking to monopolize the AI solutions market, which means they’re creating their own versions of every new AI tool that comes out. If you're hoping to build something to be acquired, take note of the current wave (AutoGPT bots) and the strength of your network. If you can get the attention of a Microsoft or Salesforce, you have a good chance of a fast acquisition if you build fast and position correctly.

• Data, the AI commodity: Elon Musk threatens to sue Microsoft over using Twitter data for its AI. And Reddit Wants to Get Paid for Helping to Teach Big AI Systems.

  • TL;DR - Data is the new gold and one of the main focuses of your business should be not only protect it, but also find how to monetize it. Lightbulb moment: Your client data is worth a lot. The better you are at capturing, protecting, and maturing your company's approach with data, the more insights you'll have when we get tools to unleash AI on your own data. You’ll be able to provide insights on things like who your target client is, what makes them happier, how you can sell for more and better, how you can keep them, and how you can find more of them! Make sure you have strong security measures in place, use others data carefully, and develop paid services using your data.

• Google's DeepMind And Brain Teams Join Forces To Create An AI Powerhouse.  

  • TL;DR - Google's domination via search and expansion into buying up anyone interesting is not keeping Alphabet/Google ahead of the curve with respect to (WRT) AI. Now they're fighting and pivoting with hopes of being in front of the next AI wave. But, if your business is on the Google suite and waiting for them to deliver the next best thing - the wait may be longer than you want, and your competitors will move faster by adopting one-off tools to address their individual needs.

AI Business Boosters

Sales & Marketing:
Use AI-powered tools and strategies to boost your sales and marketing efforts and attract more customers.

• Stop wasting money on traditional marketing: 5 charts showing how ChatGPT and generative AI will change marketing and how to use it to boost your business.

• The complete guide to chatbots for marketing shows you how to increase customer engagement and reduce friction throughout the customer journey - from acquisition to retention.

Investment & Finance:
Discover how to leverage AI investment opportunities to grow your business and stay ahead of the competition.

• Interested in investing and don’t know where to start? Finchat.io is the ChatGPT for finance with information on 750+ companies and 100+ super investors, including real-time data and in-depth insights.

• The AI race to find tax loopholes is on. It's more important than ever to look for ways to Maximize Tax Deductions as a Business Owner with AI. Identify deductions and credits that you may miss and save your business time and money in the process!

Operations & Productivity:
Enhance your business operations and boost productivity with the latest AI-powered solutions.

• As businesses begin to adopt AI technology, one of the biggest challenges they face is how to scale their AI infrastructure effectively without sacrificing cost efficiency. Check this white paper to discover strategies and tools that can help make this process smoother and more efficient.

• Do you have a business idea you always wanted to launch? AI Can Take You From Business Idea to Working Company in Under 1 Hour!

Product & Engineering: 
Stay on the cutting edge of innovation and technology with insights into the latest AI trends and developments.

• Looking for innovative ways to offer new experiences to your customers? The Metaverse And AI: A Powerful Combination For Business Growth And Innovation.

• The benefits of predictive analytics for small business owners: Identify potential risks, make data-driven decisions and increase customer retention.

Building Your Dream Team:
Find and manage top talent with AI tools and strategies that streamline the hiring and training process.

• How AI writing tools are taking freelancers’ gigs? The rise of AI-generated content offers faster and cheaper work, but threatens to undermine the trust and transparency of the freelancing economy.

• Can a mid-career professional switch to AI? Yes. Small businesses implementing AI may consider pivoting their team members to AI careers. Encourage team members to choose a role, learn requirements, assess transferable skills, and enroll in short-term courses for a smooth transition and success in the AI industry.

Kickstart Your Week

Layer these things into your conversations this week to sound relevant!

“Can you believe that a German magazine published a fake AI interview with Michael Schumacher? The Schumacher family is taking legal action against them, and it's about time! Looks like this magazine just hit a speed bump they can't handle.”

"Can you imagine being in the middle of a lawsuit with Elon Musk? Microsoft is finding that out the hard way after Musk threatened to sue them for their use of Twitter data to train AI. Who do you think will come out on top?"

“I thought TikTok had taken over social media but apparently Snapchat’s 750 Million users just got a new feature. Snapchat's My AI chatbot is now available for free to all users, and can give advice, recommend filters, and more. The other apps must be feeling the pressure to keep up. Do you think this will change the way we use social media?”

“Did you hear about the photographer who submitted an AI-generated photo to the Sony World Photography competition, won, and then he rejected the award!? His goal was to spark a debate about the use of AI in the industry, so - what do you think about this?”

The Results are in:

Last week we asked readers, What concerns you the most about using AI in your business?

• 35% are concerned about data privacy and security matters and 25% about ethical considerations.

What do we think? While it's understandable to have these concerns, avoiding the topics or halting development altogether isn't the solution. Instead, we must take a proactive approach and address these matters head-on. Waiting for governments to rule on these issues isn't enough; as individuals directly involved and affected by the evolution of AI, we have a responsibility to prevent risks and keep our systems ethical. By doing so, we can harness the full potential of AI without compromising our values or putting ourselves and our customers at risk. At the same time, it's important to acknowledge that there will be challenges along the way, but we must remain committed to finding solutions that work for everyone involved.

Follow us on Instagram at @theaifilter for daily tips on how to use AI in your business!

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