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- 🎉 Elon Musk’s AI Party at OpenAI
Plus: 10 landmark AI moments
Read time: 5 minutes
OpenAI shows no signs of slowing down, even after losing some key members. They continue to succeed with funding and have launched a new feature that changes how you use ChatGPT at work.
What are on FIRE 🔥
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AI INSIGHTS
🤖 AI Adoption in 2024: Key Trends and Insights
Source: G2
We usually see AI as a tool for automating tasks or doing calculations. However, AI is changing businesses in ways we never expected.
Key takeaways:
Chatbots and virtual assistants are commonly used, with 69% of companies incorporating them into their systems.
In 53% of organizations, the marketing department is the driving force behind AI adoption.
Over 60% of employees take more than a month to become comfortable with AI tools.
The main adverse are employees not understanding AI (34%) and issues with data quality (23%).
Why it matters: AI adoption is now a must, but its success relies on the effectiveness of its use by people. Make sure to train your team and apply AI to real issues. Begin with reliable data and strong security, and be open about using AI to build trust. The goal isn't just to start using AI, but to make it helpful for your business.
🎁 Today's Trivia - Vote, Learn & Win!
Trivia Weekly is here to find the next winner for a 3-month membership to AI Fire Academy! Are you confident in answering this question?
In the context of artificial intelligence (AI), which algorithmic approach is specifically designed to model the way the human brain operates, allowing it to learn from large amounts of data through layers of processing? |
TODAY IN AI
AI HIGHLIGHTS
🤖 Google develops AI reasoning software to rival OpenAI's o1 model using chain-of-thought prompting for multistep problem-solving in math and programming.
👥 MIT researchers have developed the Future You AI simulation, allowing users to have conversations with a version of themselves as a 60-year-old.
🚀 Musk hosts xAI recruiting party at OpenAI's old HQ pitching vision to beat 'closed for-maximum-profit AI' with benign digital superintelligence.
🌐 Google Cloud showcases 185 real-world generative AI use cases from leading organizations highlighting enterprise and government applications
🤖 Amazon introduces Cedric internal AI chatbot touted as safer than ChatGPT for employees to boost productivity and protect company data.
🖥️ OpenAI launches Canvas ChatGPT interface for writing and coding projects offering editable workspace alongside chat window for Plus and Teams users
DAILY AI FUNDRAISING
AI coding startup Poolside raised a massive $500 million in a Series B led by Bain Capital Ventures, bringing its valuation to $3 billion.
AI SOURCES FROM AI FIRE
NEW EMPOWERED AI TOOLS
📬 Semblian 2.0 outsources your time-consuming tasks to AI.
✅ Hedy AI gets next-level advice in real time during your meetings.
🔁 Tilores Identity RAG does customer data search, unification and retrieval for LLMs
🧩 Algomo increases conversions with an AI that personalizes websites for each visitor.
📌 OnlyMe is an AI-powered recruiting solution that streamlines your hiring process.
AI QUICK HITS
🤖 AI-generated images teach robots how to act (Link)
📅 A short history of AI in 10 key moments (Link)
💬 How AI companies accidentally made their chatbots worse (Link)
🏥 Cancer centers launch AI alliance to transform care (Link)
🔬 DeepMind and BioNTech collaborate on AI for experiment planning (Link)
AI CHART
Source: Mckinsey
McKinsey’s latest analysis shows the way digital and AI are reshaping the CPG world. AI adoption jumped from 42% to 71% in just one year, with 56% of CPG leaders regularly using generative AI. But no player has fully scaled their AI capabilities yet.
Here’s the breakdown of how AI is driving value:
71% of CPG companies have adopted AI in at least one business function, with 56% using generative AI.
The greatest potential impact lies in consumer insights and customer management, particularly for food and beverage companies.
AI could boost global CPG profits by $160B to $270B annually, with generative AI adding up to 40% more value to traditional AI's impact.
Why it matters: While AI in CPG is still in its early days, companies that invest now stand to gain a competitive edge. AI-driven insights can help streamline operations, improve product development, and boost profitability.
The road ahead: Full digital transformation in CPG won’t happen overnight, but those who prioritize AI and data integration will be best positioned to lead the pack in the years to come.
AI JOBS
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