Industry Insights & News:

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

• Salesforce Touts AI Strategy, Doubles Investment in Startups. The company's venture capital fund for generative AI will double to $500 million, and its portfolio of AI tools will now be called AI Cloud.

  • TL;DR - A lot of companies are jumping on the AI bandwagon as their strategy. But you don't have to develop new AI tools from scratch to be a part of it. If you're wondering how your business can join the AI revolution, take a look at our AI Business Toolkit. It has all the right AI tools to supercharge every department of your business.

• Google Tells Employees to Stay Away from Its Own Bard Chatbot.

  • TL;DR - Data is gold. Analyze your business's AI initiatives and ensure your cybersecurity strategies are effective. Educate your team on privacy protection and make sure your customers understand how your business collects, uses, and shares their data.

• OpenAI updates: 400 ChatGPT plugins available, more steerable API models, function calling capabilities, longer context, and lower prices.

  • TL;DR - Implementing multiple AI plugins and APIs has the potential to improve your business operations, user experience and website performance. ChatGPT makes them accessible and easy to use, allowing your business to integrate diverse AI capabilities tailored to specific needs.

• Microsoft’s Sudden AI Dominance Is Scrambling Silicon Valley’s Power Structure.
  

  • TL;DR - Timing is key in investing. If you're considering AI stocks, review the long-term goals and plans of public companies. Understand where they are and where they're heading. It'll help you choose the right moment to join the game.

AI Business Boosters

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

• If your business is struggling to reach customers amid the noise, check out the 4 marketing benefits of implementing AI-powered automation technology and take your marketing to a new level with AI tools.

• Is it getting harder for your marketing and sales team to generate meaningful connections with customers? Try Demand Gen and Video View campaigns, two new AI solutions from Google designed to amplify product demand from the mid-funnel to purchase.

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

• Taxes play a big role in business finances. When you bring AI into your tax operations, it boosts accuracy and efficiency, cuts costs, and helps you tackle risks head-on.

• Managing finances can be daunting, but accounting, invoicing, and forecasting are tasks you can't avoid. Discover the Top AI Tools for Accounting and Finance to make these tasks easier and keep your money safe.

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

• As 69% of people are increasingly concerned about privacy, the stakes are higher with AI at your boardroom table. Create a Roadmap for Data Privacy and AI to show your customers that you take their privacy seriously.

• Is your team struggling with your IT systems? AI provides a complete view, pinpoints issues, prioritizes based on business impact, filters out noise, automates tasks, and boosts system resilience.

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

• Making great products efficiently and on a large scale is vital for your business to thrive. Flytxt has developed an AI tool that aids digital product designers in evaluating multiple potential designs automatically and finding the optimal fit.

• Are you planning to launch a new product? Check this out first. AI is used in product development to make conceptual design easier and boost creativity. It generates fresh ideas and designs by analyzing data instead of merely categorizing existing information.

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

• Many HR leaders now use AI for a wide range of tasks like managing employee records, payroll, recruitment, and performance. If you haven't started yet, discover how AI can improve your HR processes and learn what to consider when purchasing AI-powered HR tools.

• Is your HR team planning to use AI for performance reviews? Check out these 10 Performance Management Tools Every HR Pro Should Know.

What’s new with AI Regulation?

Considering this hot topic is going to be around for a while, we’ve added a new section to cover the highlights of what you need to know each day, if you’re into that.

• EU lawmakers approve tougher AI rules as draft enters final stages.

  • Non-compliance could cost you up to 7% of your global revenue.

  • Riskier AI applications, like hiring software or kid-targeted tech, have to be more transparent and use accurate data.

  • Chatbots are now in the high-risk category, with a focus on documenting copyrighted material used for training.

• UK to get ‘early or priority access’ to AI models from Google and OpenAI. Seems like the UK Prime Minister's plan of leading AI oversight is working out.

• UN chief Guterres backs proposal to form watchdog to monitor AI. When the UN joins the conversation, you know global AI regulation is getting serious.

Kickstart Your Week

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

"Did you hear about the church service in Germany? It was really unique. The whole event was run by ChatGPT. It gave a sermon without any emotions, talking about leaving the past behind and overcoming the fear of death. What do you think about this?"

"Did you hear? The EU has approved tougher AI rules, and chatbots are now considered high-risk. Non-compliance could cost companies up to 7% of their global revenue. Do you think big AI companies like OpenAI, Google, and Microsoft might stop offering services in the EU?"

"So, Google is telling employees to be careful with chatbots like OpenAI's ChatGPT and Google's Bard. You know why? Human reviewers can see the chats, and the chatbots learn from past messages, making leaks more likely. How cautious are you about your data when using AI tools?"

Prompt of the Week

Use this prompt to guide your ChatGPT conversations towards better business outcomes, making them more efficient and accurate.

An effective Boolean search string helps find the right candidates, leading to better hires and higher retention rates. By using a well-crafted search string, you can narrow down candidates who have the skills and experience you need. This targeted approach increases the chances of making successful hires who fit your organization well. Hiring the right people improves retention, reducing turnover and creating a stable and productive workforce.

And that's where today's prompt comes into play:

The Results are in:

Last week we asked readers, Should governments use AI to enhance operations and improve citizen services?

• 60% said “Yes, AI can streamline processes and provide more efficient services.”

What do we think? We agree. Citizens need efficient access to services, justice, and accurate information. Historically, governments have struggled with this. But now, AI can streamline processes, automate tasks, and enhance decision-making. It means faster, efficient service delivery, reducing red tape, and ensuring timely justice. Applications for permits, licenses, or benefits could be processed quickly and accurately. We know challenges like privacy and bias exist. But they shouldn't hinder progress. Governments must address them responsibly. Regulations and frameworks are crucial for ethical AI use.

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