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Industry Insights & News:

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

• PricewaterhouseCoopers plans to invest $1 billion into generative AI to automate aspects of its tax, audit, and consulting services.

  • TL;DR - The rush to "AI Consultants" is getting hot. PWC plans to advise other companies on how best to use AI as they are making a huge investment now ($1 billion ain't a joke) to catch that wave. As a small business owner, we really have a speed-to-market advantage as a large corporation's ship takes awhile to turn but we can quickly pivot towards the services our clients need (like "AI consulting"). The AI Filter is putting a lot of time into best approaches that we'll continue to share across the sectors (data security, tax automation, etc), to help you plan for how your own business will weave all of the above into both yourself and your offerings.

• Ready to meet the next big thing in finance? It's Fetch.ai, the financial cousin of ChatGPT. With Bitget supporting its development, it's about to shake things up in a major way.

  • TL;DR - If this is your first time hearing about it, then pay attention: this ecosystem plans, at its core, to create an AI agent network that can provide you with complex financial models and data analysis. It also aims to offer an infrastructure for building all kinds of autonomous services. With this, building custom portfolio management, tailored investment options, and predictive analytics services for your business will never be easier. And why not offer these services to your clients as well? Keep an eye out for these new advances, as they can help you make better decisions and more money.

• Implementing AI in a business can be a headache, but not for much longer. AirOps is receiving $7 million in funding to create GPT-4 tools for the workplace, which will allow businesses to deploy AI at scale within their existing systems and workflows.

  • TL;DR - Pain points are business opportunities. As small businesses with not enough time or resources, we all know that integrating AI tools into existing systems and workflows can be a real pain, especially when you lack the expertise to do it in-house. So, what’s the opportunity for you? If you’re already using AI in your business, document how you did it and the results you’re getting. Share your experience with your clients and add extra value to your current consulting services, or even start a new business line.
    

• France and Singapore join forces to advance Artificial Intelligence and Cybersecurity.

  • TL;DR - Fastest way for your business to get 'canceled' is to compromise your customers' data. It's a precious gem. When you see separate countries like France & Singapore's Defense organizations partner on R&D of new AI tools, you know it's a growing opportunity to be helpful… and secure. Let us help you get started on your AI Audit process to ensure we keep the risk of a security breach for you as low as possible: Check our article to learn how to do it.

AI Business Boosters

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

• Customer service is one of the most important parts of a business; if you don’t give the customer what they want, they’ll simply move to the next best thing. But, this can be a challenge for starting businesses; the attention of the customer, in a world where you can get everything instantly, makes it really difficult to retain anyone. That’s where the chatbots come in. Here are the 5 Ways in Which AI Chatbots Can Improve Your Customer Service.

• Is your marketing team spending too much time trying to find relevant statistics for content? Paige, PrimoStats’ AI Chatbot, is here to help. Paige allows content marketers to ask and receive stats in seconds, eliminating the need for extensive research. PrimoStats' platform contains over 25,000 statistics covering more than 80 industry topics from 180 original sources.

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

• An AI-powered growth stock is the perfect addition to your investment portfolio. Get ready to see your investment soar with this must-have stock that's built to last. A Bull Market Is Coming: 1 Artificial Intelligence Growth Stock to Buy Now and Hold Forever.

• Want to invest but feel like you need professional help? Check out how to use AI as a virtual financial advisor. It can help you make sense of financial news and data, perform sentiment analysis to generate insights and predictions about shares and other investments, as well as decipher monetary policy announcements and identify trends in specific market sectors.

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

• Want to boost your team's productivity? A study by researchers from MIT and Stanford shows that generative AI tools like ChatGPT can increase worker productivity by 13.8%. Check out this real-life experiment and get ideas to implement in your business.

• Are you still hesitating to implement AI in your business? Don't wait any longer! According to Gartner, 50% of large enterprises will have deployed AI orchestration platforms by 2025, up from fewer than 10% in 2020, discover How AI Can Boost Your Company Results and stay ahead of the competition.

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

• Transforming Ecommerce With Artificial Intelligence & Machine Learning provides an enhanced experience for your users and 24/7 assistance, making it a sure way to grow your business in no time. Learning how AI can change the experience and using it to your advantage is one of the most important points to consider right now.

• Are you concerned about losing control over the content generated by your AI chatbot? InWithAI.com has the solution with their latest AI chatbot model, which allows individuals and businesses to upload content for full control and accuracy.

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

• The New Performance Equation in the Age of AI: High employee engagement correlates with stronger financial performance, especially in times of economic uncertainty, and companies achieve this by using data and AI to create clear communication and goals, and building a feedback loop to continuously improve over time.

• Ever felt overwhelmed by the sheer amount of data and metrics needed to assess your team’s performance? Unleash The Power of AI to Supercharge Your Team’s KPIs.

Kickstart Your Week

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

“Did you hear about Grimes, the Canadian musician, offering 50% royalties to anyone who creates a successful AI-generated song using her voice? It's a smart move if you ask me. Instead of fighting the AI, she's opening up new business opportunities. It's a win-win situation, isn't it?”

"Have you heard about the latest AI-powered dating app called Hot Chat 3000? It's trending because it rates your selfies and matches you with someone who is similarly attractive. Would this feel like an arranged match to you? Or do you think this is a good way to find a date?"

“You remember when everyone was going nuts for the Metaverse? Facebook jumped on the bandwagon, even changing its name to "Meta." But now, Mark Zuckerberg has a new crush, and it's AI. He's looking into adding AI to Messenger and WhatsApp. Do you think Facebook is going to change its name again?”

“Have you ever had a brilliant idea that didn't quite turn out the way you expected? Well, that's what's been happening over at Snapchat lately. They introduced a chatbot called "My AI" and people are giving it one-star ratings and complaining on social media that the chatbot's responses are either creepy or biased. They're calling for options to delete or opt-in to the feature. Have you ever had to deal with something like that in your own business?”

The Results are in:

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

• 54% think people should be paid depending on the type of data they generate.

What do we think? It's true that not all data is gold, but businesses are cashing in on it anyway. This raises some big questions, like how do we decide what data is valuable and who should get paid for sharing it?

As a small business owner or entrepreneur, you're probably using data to help make smarter decisions and grow your business. But it's super important to understand the risks and benefits of sharing this data. Be sure to use it ethically, and always follow relevant rules and regs to keep things on the up-and-up for both your business and your customers.

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

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