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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.

• Remember we told you AI regulation was inevitable? EU moves closer to the world’s first artificial intelligence regulation.

  • TL;DR - The first-ever AI regulation could be here as soon as June! But don't let that freak you out. We've got the key points covered for you: AI systems need to be safe, transparent, traceable, environmentally friendly, and non-discriminatory. So take a closer look at the AI tools you're using for your business, and check if your business's AI is up to par. Find the gaps, fill them in, and you won't have to worry about AI regulation cramping you. Preventing is always better than dealing with the consequences later!

• Google’s back in the AI race: It launched Duet AI for Google Workspace.

  • TL;DR - We don't want to brag, but we totally called it. The big tech giants are doing everything they can to stay on top of the game. But, as small business owners, we can use that to our advantage. We all know how hard it is to integrate new tools into our workflows. That's why companies like Google, Microsoft, and Adobe are constantly adding new features to keep us locked into their systems. Sure, it might be tough for those startups that are trying to launch AI tools, but competition always brings out the best in everyone. Take a closer look at the tools you already have and make sure you're not wasting time looking for solutions you don't need.

• Bessemer Venture Partners is committing $1 billion to invest in AI startups.

  • TL;DR - Saying that the AI industry will grow to nearly two trillion U.S. dollars is not an exaggeration. There's a lot of money on the table. As a small business owner, it's key to figure out how to get a piece of that pie. You can make your products and services better by adding AI, or create new offerings using APIs and plugins. If you're up for a challenge, you could even start a whole new business centered around AI, or help other companies build their own AI teams. With demand for AI solutions on the rise, being the first to offer the right thing could open up endless possibilities for you!
    

• AI startup Anthropic wants to write a new constitution for safe AI.

  • TL;DR - When you see governments, businesses of all sizes, and customers concerned about the same thing, that's when you know something huge is on the horizon. We may not know when or how, but AI regulation is clearly inevitable. As a small business owner, it's crucial to be prepared. By taking proactive steps such as unbiased system training, promoting ethical AI practices within your team, and staying informed about industry-specific laws, you can navigate the evolving landscape and position your business for success in the AI era. Embrace the possibilities while staying compliant – the future is yours to shape!

• AI Startup Rewind Gets 170 Offers and $350 Million Valuation in Unusual Fundraising.

  • TL;DR - If you're thinking about fundraising, check this out: Rewind.ai flipped-the-script. The market is SO strong for 'good ai' Rewind was able to take a "no...you prove yourself to us” approach. The reaction was nothing short of insane. Their response rate to "at least 200 million in funding' had reportedly over 1000 applications. In a relatively down-to-flat year for fundraising, there's a clear thirst for AI plays.

AI Business Boosters

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

• Video and audio marketing are key to being seen on social media. With AI tools like Adobe Podcast, you don't have to spend a ton of money on getting the equipment to achieve high-quality audio. With just a couple of clicks, you can remove background noise and maximize the potential of your microphone. Check out our tutorial to learn how to use it!

• As a small business owner, content creation is time-consuming, whether it's writing blog posts, social media content, or marketing copy. AI helps writers overcome blocks, save time, and reduce caffeine reliance. HyperWrite streamlines content creation. Learn more in our tutorial.

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

• Are you interested in investing in AI but don't know where to start? Investing in Artificial Intelligence (AI): A Beginner's Guide explains why AI ETFs offer an efficient and easy way to invest in AI stocks and provides the basics you need to keep in mind.

• As small business owners, we constantly hear people saying we should use AI tools in our business workflows. But investing money in something without knowing how to measure its impact is just throwing resources away. So, let's learn How to Measure the Impact of AI in your Business and make sure you're actually getting as much as you can of it.

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

• Using AI in your business isn't enough. Success is all about ensuring the safety of your business's data. Here are 4 Ways to Preserve Privacy in Artificial Intelligence and minimize the risks for your business.

• Still wondering How Artificial Intelligence (AI) Can Increase Your Operational Efficiency? AI solutions can improve it by evaluating workflows, streamlining production and distribution, reducing costs, automating manual processes, and utilizing smart technology. Let AI handle some of your tasks and focus on taking your business to the next level!

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

• Do you have a digital business? If yes, you know how expensive and time-consuming the testing process can be to ensure Quality Assurance (QA) and Quality Engineering (QE). AI is a game-changer for you. Learn How AI Can Be Leveraged In All Aspects Of Testing.

• Product development is crucial to staying relevant in the market. AI can transform how you drive that process in your business at all stages of the product life cycle, from planning to marketing, and has been shown to increase efficiency and profitability.

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

• In today's business world, inclusive and equitable workplaces are essential. Leverage AI to combat bias and promote diversity, equity, and inclusion (DEI). AI revolutionizes recruitment, resume screening, and fosters employee engagement, retention, and upskilling. Embrace AI to cultivate a supportive work culture in hybrid environments.

• Defining the metrics needed to assess your team's performance is a must to ensure everyone is on the same page, provide impactful feedback, and help your employees improve. It can be overwhelming, but AI can lend a helping hand. We'll show you how to 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 catch what Warren Buffett and Charlie Munger spilled about AI at the Berkshire Hathaway meeting? Buffett's all shook, fearing we can't undo its consequences, while Munger's calling it a big old hype. These seasoned pros, in their 90s, swear by old-fashioned intelligence...Do you think they're right?"

“Did you hear that Meta is investing $30-33 billion this year to boost their AI capabilities? I saw this coming. Zuckerberg always gets so obsessed with every tech industry trend... Well, at least this time he's onto something that has truly changed the world. Fingers crossed that this new obsession lasts longer than the whole Metaverse hype... What do you think? ”

"Do you remember like three months ago when McDonald's had that big AI fail with their drive-thru? Well, guess what? Now Wendy's is jumping in on the drive-thru game too! Do you think they'll have even more hilarious failed orders, or will they totally crush it and come out on top in this race?”

“I'm shocked! There's this Snapchat influencer, Caryn Marjorie, who created a chatbot version of herself called CarynAI. It acts like your girlfriend and charges $1 per minute. In just a week of beta testing, she made over $70K, and she could potentially make $5 million a month! It’s just INSANE…Would you pay AI to be your couple?”

The Results are in:

Last week we asked readers, Which AI-powered assistant do you prefer?

• 40% prefer Alexa!

What do we think? The AI hype has given rise to a plethora of AI-powered assistants, and at The Ai Filter, we've done the legwork to find the top contenders. Some have truly impressed us, saving valuable time and helping you stay on top of your tasks. Of course, we've also come across a few that missed the mark. The good news is that competition thrives in the business environment, pushing everyone to improve their products. Just look at Amazon's plans to revamp Alexa in the age of ChatGPT. With so many options available, the race to enhance AI assistants is in full swing!

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