- AI Fire
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- 👑 Apple: King of AI Company Again
Plus: State of AI in Legal
Read time: 5 minutes
Have a good day, our community!
The King of AI Company, reclaiming its throne. In parallel, Pope Francis joins the G7 summit, championing ethical AI and global regulations to ensure fairness and benefits for all. Join us in this significant moment!
What are on FIRE 🔥
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AI SURVEY
🤖 AI Boosts SMB Growth Strategies
Source: PYMNTS Intelligence
Small and mid-sized businesses (SMBs) are focused on growth. Nine out of ten used at least one growth strategy last year. Wealthier SMBs used innovative methods to grow while struggling ones focused on cutting costs. Regardless of resources, AI can help most SMBs improve efficiency.
Key Takeaways:
91% of SMBs implemented at least one growth strategy in the past year.
SMBs with more than $150,000 in revenue favor innovation over cost-cutting.
69% of them with decreasing revenues have never considered using AI.
23% of SMBs cited marketing as their most significant growth strategy.
Why it matters: Small businesses use different strategies for growth. Some innovate with new products, while others cut costs. Both find AI helpful. Ninety-six percent of businesses using AI say it meets their needs. Those not using AI might not realize how much it can improve their operations, even for simple tasks.
AI INSIGHTS
💡 Gen AI: A Game Changer for Tech Services
Source: McKinsey & Company
Generative AI is quickly changing the industry. It could disrupt long-standing practices but also open up new profitable markets, with a potential $200 billion market by 2029.
Key Takeaways:
Providers could see a 30% profit increase by leveraging gen AI.
67% of enterprises plan to increase AI spending in the next three years.
Traditional services could see an 8-10% decline due to AI advancements.
Enterprises face challenges like high costs and data readiness in scaling AI.
50-60% of enterprises are still in the early stages of gen AI adoption.
Why it matters: Generative AI brings both challenges and opportunities for tech service providers. As businesses shift spending to AI, providers must rethink their value, business models, and structures. If successful, they could tap into a $200 billion AI services market within five years. Despite changes, providers must still offer the best tech advice to clients.
TODAY IN AI
AI HIGHLIGHTS
📜 Pope Francis to attend G7 summit, promoting ethical AI use and international regulations to prevent inequalities and ensure AI benefits all humanity.
💻 At the WWDC 2024, Apple announced new AI-enabled features, boosting its stock by nearly 4% to $215.04 and overtaking Microsoft's $3.24 trillion market cap. Apple's market valuation now stands at $3.29 trillion.
💼 BCG's research shows that managers using gen AI tools boost team adoption by 350%. Employees need at least 10 hours/week on enjoyable tasks to reduce quitting risk.
📨 Yahoo Mail adds AI for email summaries, quick action buttons, and integration with Gmail, Outlook, and AOL.
👩💻 Kian Katanforoosh from Workera notes skills' half-life in tech is now under 5 years; essential for leaders to develop an AI-ready workforce.
AI STOCK
DAILY AI FUNDRAISING
Astrocade AI raised $12 million for its AI social gaming platform. Investors include AME Cloud Ventures, NVIDIA Ventures, and key industry leaders.
Clodura.AI raised $2 million, uses AI to streamline sales, helping professionals find decision-makers, automate outreach, and create a 10X sales pipeline.
AI SOURCES FROM AI FIRE
In each video of the NewsletterAZ course, we already include a mega prompt, like a template, so even if you start from zero, you just need to use it directly to get your desired result in a short amount of time.
What we are trying to do during this course is to equip you with the right mindsets, tools, and prompts. Whether you are starting from scratch or not, you can begin immediately and follow the correct path. Of course, AI will assist you throughout the process.
NEW EMPOWERED AI TOOLS
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🗝️ Telnyx Flow deploys AI-assisted workflows with a low-code, drag-and-drop interface.
AI QUICK HITS
1. 🔄 The AI upgrade cycle begins now (Read more)
2. 🔧 OpenAI to use Oracle chips for AI power (Read more)
3. 📱 Google adds more Android to ChromeOS (Read more)
4. 📅 Copilot: GPT Builder is retiring soon (Read more)
5. ❌ AI 18+ content of students shared: How can parents respond? (Read more)
AI CHART
Legal professionals trust AI for contract-related tasks. AI excels at handling repetitive work and transforming large data into insights. While AI aids legal work, it doesn't replace it. Key areas for AI impact include contract review (15%), digitization (14%), risk scoring (12%), and contract creation and legal intake (11%).
AI TUTORIAL
Create Videos with Skillful Camera Movements
Go to Luma AI and log in.
Easily start generating your video by entering the prompt.
AI PROMPT
A Prompt to Test Variations of Your Resume
I want to conduct an A/B test on my resume to better match it with the [title] role at [company]. To do this, I need to update my resume to highlight the relevant skills mentioned in the job description [job description]. Here is my current resume [paste resume on a new line].
Please suggest 5 significant edits for creating a new version of my resume. Explain your reasoning behind each edit to help me understand how these changes could improve my chances of being noticed for the [title] position.
Feel free to include any tips for optimizing the format, layout, or specific sections that could make my resume more appealing to hiring managers at [company]. Any additional insights on aligning my experience with the job requirements would be greatly appreciated.
Thank you for your help in this matter.AI-GENERATED IMAGES
A black and white photorealistic [character/scene] comic book art with pencil outlines, chiaroscuro portraitures, 2d game illustrations, chiaroscuro,, hyperrealism, high contrast, wide shot, full body, deep focus, monochrome, digital painting, cinematic lighting, octane render.THURSDAY MEME
AI JOBS
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The AI Fire Team
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