The Rise of Generative AI

And how big companies are leverage this

Hey there 👋 - Harsh here!

Happy Friday to all the Tech Enthusiasts reading today :)

Welcome to the latest edition of "Tech that Matters" your weekly dose of curated insights on AI, ChatGPT Prompts, and Productivity to ensure you and your business run at maximum speed and efficiency.

In Today's Tech That Matters:

🔥 7 Trending AI Tools

🤖 Rise of Generative AI

📺 AI News Today

🐦 2 Tweets you cannot miss

Spotlight Space 🧨

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7 Trending AI Tools 🔥

  1. Genie AI - Your AI legal assistant.

  2. Helpbar AI - Universal search built for SaaS.

  3. Storybot AI - Make story time magical by talking with an AI in real time.

  4. Docue - Draft sales proposals in a jiffy.

  5. Finito - Use AI in any app or website, select text & press CTRL.

  6. Talently - AI Interviewer that screens candidates for any role.

  7. ChatDox - Your personal AI assistant.


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The Generative Era 🤖

Imagine you have a big box of crayons and a blank sheet of paper.

You can draw anything you want on that paper, right? Now, imagine if your crayon box could watch you draw, learn how you make your doodles, and then start drawing on its own.

With every new doodle, it gets better and better, learning from you and its own doodles. It might even surprise you with drawings you've never thought of!

Generative AI is like that magical crayon box. It learns from lots of pictures, words, or sounds it sees or hears, and then it tries to make its own.

And just like you can create endless drawings with your crayons, Generative AI can create endless new pictures, stories, or songs all by itself!

Rate of generative AI adoption in the workplace in the United States 2023, by industry

Generative AI Prediction

How big companies are leveraging it:

Content Creation Magic:

Generative AI is making waves in the realm of content creation. Tools like OpenAI's GPT-3 can draft articles, create engaging headlines, and even generate creative writing pieces.

Example: AI21 Labs' Jukebox, which can generate music including lyrics and melody, creates new avenues for musicians and producers.

Business Impact:

  • Speeding up the content creation process

  • Reducing the workload on creative teams

  • Spurring innovation in storytelling and branding

Tools to Watch Out For:

Chatbot Chatter:

Chatbots powered by Generative AI are enhancing customer service by providing more natural and contextual responses.

Example: Replika, a chatbot that can hold conversations that feel incredibly human-like, enhancing user engagement and satisfaction.

Business Impact:

  • Improved customer satisfaction

  • Reduced response time

  • Cost-saving on customer service operations

Tools to Watch Out For:

Design/Video Dynamics:

Generative AI is also being utilized in design, where it can help generate logos, graphics, and even UI/UX designs.

Example: Runway ML, allows creators to generate visual content effortlessly, proving to be a valuable tool for graphic designers.

Business Impact:

  • Accelerated design process

  • Lowered costs in design production

  • Encouraged creative exploration with AI suggestions

Tools to Watch Out For:

Forecasting:

With the ability to analyze vast datasets, Generative AI aids in market forecasting by generating insights into market trends and consumer behavior.

Example: Promethean AI, used in asset management, helps in predicting market movements with a higher degree of accuracy.

Business Impact:

  • Improved decision-making

  • Risk mitigation through better forecasting

  • Enhanced understanding of market dynamics

Tools to Watch Out For:

Generative AI Learning Path course.

Learning path from Google provides an overview of generative AI concepts, from the fundamentals of large language models to responsible AI principles.

AI News Today 📺


💼 Meta's AI Chatbots Meta is introducing nearly 30 AI chatbots for Instagram, WhatsApp, and Facebook users to enhance their social media experience.

🤖 US-China Race in Military AI There's a growing race between the U.S. and China in deploying AI for military purposes.

👨 Four major tech companies announced a collective funding initiative of over $10 million, directed at supporting research on AI safety.

2 Tweets you cannot miss 🐦

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