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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.

• AI regulation is coming. Prepare your business and sell the service to your clients: As G7 leaders call for ‘trustworthy AI’ standards, set up ‘Hiroshima Process’, local AI industry leaders encourage 'critical' Congressional regulation of emerging tech, and Six states in the US already have limits for AI tools.

  • TL;DR - Local AI regulation talks have sparked the first global effort to set core AI values. Cultural differences and various approaches make it tough, but it's essential for our transnational business world. Standard practices will simplify your business ops, sales, and customer relationships. We can't predict the outcome yet, but it's a good start. While getting up to speed on AI is important so your business isn’t left behind, mitigating risks is just as important. Stay tuned for The Ai FIlter’s AI audit checklist! AI is reshaping entire industries, and bringing new challenges along the way. Regulations promote safe and fair innovation. It's essential to choose AI tools that fit your business and follow local regulations. Protect consumer rights and stay transparent in AI decision-making.

• Google, Meta, and Amazon’s next frontier: AI-generated ads.

  • TL;DR - In the digital age, marketing plays a crucial role in the growth of small businesses. It's not enough to send out messages; the key is to reach the right audience. We know having a marketing team can be expensive. And the tech giants know it as well. They are developing AI tools that can drive traffic to your sales platforms. This will be especially beneficial for small marketing teams, as it allows them to create effective ad campaigns without needing to hire extra staff.

• Putting AI and automation to work for you: Zapier launches 2 AI Beta features.

  • TL;DR - Zapier is fully committing to a no-code future. This could be great news for hands-on, non-technical CEOs with limited patience. It might be even better for someone in an operations role who has an interest in growth but lacks an engineering background. Zapier has launched an AI assistant to seamlessly connect everything (which used to be drag-and-drop) for your internal teams. New features enable you to create zaps using natural English and customize your workflows with code steps, all without writing any code.
    

• While schools ban AI, entrepreneurs and AI experts create educational programs and institutes to make sure people get the skillset that the AI era requires.

  • TL;DR - Change is tough, particularly in traditional sectors like education. But entrepreneurship paves a new path. It shows how AI can ease our work, not just cause layoffs. The first AI Institute in a university and new short AI programs -like Flatiron School and Coursera -enable businesses to merge AI and human skills. We know for sure that AI can help our business, but only if our team has the right skills. This is the moment to invest in our teams.

AI Business Boosters

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

• AI lets you make your content creation more effective through ideation, creation, SEO optimization, and distribution. Rather than shift through the endless lists of “the best” or “#1” tools out there, check out our handy list of curated AI content creation tools!

• Is your sales team spending too much time getting insights from data, doing repetitive tasks, and trying to keep up with customer interactions? You need to know how AI transforms sales processes.

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

• Top Tips in 2023: Make Your AI Spending Count and Scale Your Business. Competing in today's market requires small business owners and entrepreneurs to embrace artificial intelligence (AI) for success. Make your AI spending count by using, understanding, and investing in it. Otherwise, your competitors will crush your business.

• As a small business owner, you know how important it is to keep up with your business's finances. We understand it can be overwhelming. Starting this Thursday, Ramp will offer AI features that enable you to determine if your company is overpaying on software contracts or detect real-time unusual employee spending.

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

• AI revolutionizes your ops by managing emails. It automatically prioritizes and categorizes messages, tracks contacts, and handles overflowing inboxes. It saves time, enabling focus on important business tasks. Check out 5 AI Tools Every Entrepreneur Needs For Better Email Management.

• KPIs are crucial in business. They measure progress, inform decisions, and enhance accountability. They benchmark performance and promote efficiency. KPIs foster clear communication, aligning focus on growth. Do you know how to build them? The Blueprint to Building Your KPIs with ChatGPT is here to help!

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

• Preserving Human Collaboration in the age of AI Chatbots and Language Models is crucial for diverse perspectives and better decision-making. Why? AI will dominate knowledge, yet human collaboration is essential to avoid bias and discrimination in chatbot responses.

• Concerned about your business's cybersecurity? AI regulation will help your business stay safe, but until that happens, review your protection and ensure best practices in passwords, data privacy, personal cybersecurity, and social engineering.

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

• Unlock the potential of AI tools for small business owners, addressing skilled worker shortages by automating tasks and enhancing capabilities. Fast-track training and discover skilled individuals from unconventional sources. Embrace AI to bridge the skills gap and propel your business forward.

• Unlock the potential of AI for your business with the right skills. Explore education platforms like Flatiron School and Coursera, offering technical training and business knowledge. Empower your workforce with AI experts to excel with powerful, cutting-edge AI tools.

Kickstart Your Week

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

"Did you catch the news about Paul English, the Kayak co-founder, gifting $5 million to UMass Boston for an AI Institute? I'm fascinated to see AI shaking up education! Just imagine the unique AI qualifications popping up on future resumes. Wild guess – what do you think they will be?”

"Did you know Apple has now joined other companies like JP Morgan, Verizon, and Samsung in limiting its employees' use of AI tools like OpenAI's ChatGPT and GitHub's Copilot? This is all to prevent their secrets from spilling out into the AI world. It's like a new AI frontier for workplaces... Have you thought about applying these policies to your business?"

"Have you heard? OpenAI's rolled out an iOS app for ChatGPT! I've lost count of how many times I've wished for this. Now, it's safe to say, my daily life's about to get a whole lot more AI-infused... How about you? Any AI tools you're dreaming of having at your fingertips?"

"Looks like AI's wild west days might be winding down, with regulations on the rise and industry leaders pushing for 'critical' oversight. I mean, we all want to harness AI's potential responsibly, right? All of this really gets you thinking about the tools we use and how they might impact our businesses... What do you think will be the best way to regulate AI?"

Prompt of the Week

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

Dialing in your pricing strategy is key to attracting the right customers. It's all about balancing the scales and finding that sweet spot where your target market sees value. A strategy that sings can truly amplify your sales conversions.

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

The Results are in:

Last week we asked readers, Do you think that AI will ever be able to truly understand human emotions?

• 30% said “Yes, AI will eventually grasp human emotions 🧠😊”

What do we think? We’re not 100% sure what the right answer is, but it doesn't sound impossible considering the advancements we're seeing in AI and machine learning. We're starting to see tools that can analyze facial expressions, interpret tone of voice, and even respond to our moods. If we keep progressing at this rate, it might not be long before we have an AI that can comprehend and react to human emotions on a deeper level. The implications for customer service, mental health, and personal assistants are enormous. But what would that mean for us as a society? Would this mark a huge leap forward, or would it blur the lines between humans and machines a little too much for comfort?

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