Interested in Daily AI News?

Coming soon: The Daily Filter. Subscribe now to get daily AI news delivered to your inbox!

Industry Insights & News:

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

• IBM is replacing 7800 jobs with AI. It’s CEO predicts that 30% of back-office functions, such as human resources, could be replaced by AI and automation over a five-year period.
  

  • TL;DR - The real question is not whether we should pause the development of AI to avoid massive layoffs, but rather which roles AI cannot replace and which new roles AI is creating. As small business owners and entrepreneurs, we should invest efforts in acquiring qualified talent that will help our business grow and be competitive. Identify the right AI tools for your business, and value the human talent you have in your company, train it, and take advantage of it.

• Are recession rumors holding back investors? It doesn't look like it. AI startup Pinecone has raised $100M as the vector database market for LLMs heats up.

  • TL;DR - Is the AI bubble set to pop? It's too soon to tell, but what we do know is that some of the recent investments in AI have been nothing short of staggering. This means there's a lot of money on the table, and if you're thinking of raising money to grow your business, you should take advantage of this situation. But don't forget, it's not enough to have a cool pitch or make your business look good in front of investors. You need to build realistic plans around innovation and AI implementation to stay relevant in today's market.

• Samsung has banned the use of AI tools like ChatGPT, on company-owned devices and non-company-owned devices running on internal networks after an internal data leak in April. Are giants planning to leave the AI race?

  • TL;DR - No, definitely not. Actually, Samsung is developing its own in-house AI tools for software development and translation, and the ban will be lifted once security measures are in place. Don't wait until your business faces an awful situation like this one. Take action to prevent it. Build your own guidelines for using AI tools in your business, audit your security systems on a regular basis, value your customers' data, and make sure you treat it in ethical ways. The Ai Filter is working on an AI Audit Checklist that will help you. Stay tuned for more information.
    

• AI 'godfather' Geoffrey Hinton warns of dangers as he quits Google. Could this be the beginning of the end for AI development?

  • TL;DR - When big names in AI like Hinton start stepping back and raising awareness of the challenges that come with AI development, it's a pretty big deal. It could be a huge step forward in the journey towards AI regulation. As a small business owner or entrepreneur, you have to stay on top of all the rules and regulations that governments are going to start throwing at us. Make sure you're following them to avoid any trouble. Also, don't forget to address your customers' concerns about your AI systems. Show them you're using this tech in a safe and ethical way. AI regulation is coming, and you don't want to be caught unprepared. Stay informed, and get ready to make some changes in your biz.

AI Business Boosters

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

• Is your marketing team spending too much time making sure your content meets your brand's message and keeps it consistent across platforms? BrandGuard, Nova's new tool, can help you. It uses AI to check your business's content against the brand guidelines and assigns each piece with a content score, so you can easily make adjustments.

• Creating high-quality images for your marketing can be a real challenge, especially when you don't have much money or design skills. To save time and resources, check The Best AI Image Generators. Using one of these tools can help you level up your visual content and attract more customers.

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

• Lack of real-time visibility into financial health can hinder informed decision-making. Meow Runway integrates with Quickbooks to provide real-time visualization of cash burn rate, runway, revenue, and expenses, helping businesses make data-driven decisions and stay on top of finances.

• Are you considering raising capital for your business? Dori is the all-in-one app for founders and investors. It uses AI to guide them through the board consent process, choose market-standard documents, select market-standard economics, and track signatures and wires. It can also automate the generation of venture equity financing deal documents in a matter of minutes and identify key legal and financial terms before committing to an investment.

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

• Productivity is crucial, but only 27% of companies currently use AI tools. Slack updates aim to put AI at the center of the user experience: an AI-ready platform that can integrate and automate apps, plus a bunch of cool AI features, like conversation summaries and writing assistance. They even have an Einstein GPT app that can give some wicked insights into your customers.

• Spending too much time making tutorials and guides for your business? Try Scribe! It's an AI tool that lets you easily build, manage, and share business processes. It can help you with onboarding employees, managing customer support, and simplifying your day-to-day operations. Check out our tutorial and amp up your productivity today!

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

• Worried about privacy when using AI tools in your business? Microsoft could offer private ChatGPT to businesses for “10 times” the normal cost. The offline tool is designed to reduce the risk of sensitive information being exposed through internet-based AI models and could be announced later this quarter.

• Making important decisions for your business can be tough. There's so much data and info out there that it can be hard to sort through what's relevant and what's not. This "noise" can lead to bad decisions that could hurt your business. But guess what? AI can help you! ChatGPT is almost 4x better than humans at making consistent and low-noise decisions.

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

• Want to build an AI team but don't know where to start? Don't worry, it's not as expensive or complicated as you might think. Begin by defining your AI problem and desired outcomes, then consider these 5 key roles to help scale your efforts.

• Feedback is key to your employees' success. Use artificial intelligence in performance reviews to reduce human errors, provide real-time analysis, and improve employee engagement. It can also help identify areas for improvement and provide personalized training to employees.

Kickstart Your Week

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

"Have you ever had Alexa not understand what you're saying? Ugh, it's the worst. But guess what? Amazon's gonna make it better! They're working on an Alexa that can think for itself instead of just spitting out database answers. How cool is that?"

"Have you ever contributed to Wikipedia? I just read that the volunteers who keep it running are debating whether to ban AI-generated content. Apparently, some worry that it could lead to fake news and biased articles. It's wild to think that after 20 years and 61 million articles, Wikipedia might be getting a dose of AI. Who would have guessed that the AI buzz has caught up with Wikipedia?"

“Guess what? The U.S. government invested $140 million in seven new AI research institutes to create transformative and ethical AI for the public good. But with all the excitement comes talk of regulating AI. Do you think regulation is necessary for safety and ethics, or are there other ways to manage risks and benefits?”

"Have you heard about the Hollywood writers' strike? It's like they're living in their own sci-fi movie, fighting for their place in the industry and demanding to regulate AI in creative projects. Do you think robots will ever be able to replace human creativity?”

The Results are in:

Last week we asked readers, How often do you use AI-powered tools in your daily life?

• 51% use it everyday!

What do we think? First of all, we at The Ai Filter are among those who use AI every day. We believe that using AI tools in a responsible and ethical way is not only good for society, but also beneficial for businesses. By using AI to improve processes and drive innovation, companies can gain a competitive edge and provide better products and services to their customers. However, we also recognize that there is room for improvement and that it is crucial to use AI tools responsibly and ethically.

To get the most out of these awesome AI-powered tools, it's all about asking the right questions and providing accurate and unbiased data. This ensures that we get the outcomes we need without negatively impacting individuals or society as a whole.

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

Want free stuff?!

Share The Ai Filter with your friends and get free swag! And guess what? The more you share… the bigger the swag! Use your referral link below to start earning The Ai Filter gear.

1 referral = Tote Bag
3 referrals = Stickers
5 referrals = Notebook
10 referrals = Mug
15 referrals = T-Shirt

The Ai Filter, Unfiltered.

Watch as we continue to build The Ai Filter. Hear our failures, our successes, our growth, and more as we make our way week after week through telling our story! We promise to provide some entertainment, tips, and real life experiences in less than 30 minutes. Check it out and let us know what you think!