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๐Ÿ’ฐ The Billionaire Battle For AI

"AI, I think I โค๏ธ you!"

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Plus: "AI, I think I love you"

Read time: 5 minutes

We hope youโ€™re having a wonderful start to your day!

We know ChatGPT has been down recently, have you faced the same issue? With GPT-4's new access for non-paying users, could this be why? Also, did you notice Google's AI Overviews now show up less than 15% of the time, compared to 84% before?

Share your thoughts with us!

AI INSIGHTS

๐Ÿฆพ Who Can Keep Up?

Chart: Will Henshall for TIMESource: Epoch AI

AI companies are preparing for significant investments, with some projecting costs to hit $1B soon.

Key Takeaways:

  • $1 billion for next-gen AI systems.

  • Microsoft's and OpenAI's $100 billion supercomputer.

  • Training costs double every 9 months.

  • 29%-49% of costs for researcher pay.

Why it matters: The high costs may centralize AI advancements in large tech firms, potentially stifling diversity and innovation in the field. Policymakers need to address these implications.

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AI RESEARCH

๐Ÿ” Google AI Overviews Visibility Falls to 15%

Source: Search Engine Land

Googleโ€™s AI Overviews now appear less than 15% of the time, a sharp decrease from 84% during its experimental phase.

Key Takeaways:

  • AI Overviews appear less than 15% of the time.

  • Previously, SGE appeared on 84% of queries.

  • Examples of incorrect and misleading AI responses.

  • BrightEdge monitors AI Overview changes.

Why it matters: The reduction in AI Overviews suggests Google's focus on improving accuracy and quality in search results. AI in search will continue to advance, offering better user experiences and monetization opportunities.

TODAY IN AI

AI HIGHLIGHTS

๐Ÿค– AI companions are seen as potential relationship enhancers by some Gen Z men, with 16.72% believing AI can improve the treatment of human partners. However, 15.43% fear AI could cause an inferiority complex in human partners.

๐Ÿ’ผ The billionaire debate over AI's future highlights differing views on regulation and open-source development. Hoffman and Khosla advocate for safeguards, while Andreessen and allies push for rapid AI advancements without heavy restrictions.

๐Ÿงฌ USC researchers' AI system could save lives by detecting seizures earlier through smartphone-connected wearable sensors, offering new treatment opportunities.

๐Ÿ”ง ChatGPT is down after expanding GPT-4o access to non-paying users, causing server overloads. OpenAI is investigating.

What do you think is the main reason for ChatGPT's recent performance issues?

Login or Subscribe to participate in polls.

๐Ÿ’ก Elon Musk redirected 12,000 Nvidia AI chips from Tesla to X, impacting Tesla's AI projects and investor confidence amidst fierce AI competition.

๐Ÿ“š Stanford's Siddharth Sharma and Aksh Garg apologized for plagiarizing Tsinghua Universityโ€™s MiniCPM model, pledging to withdraw their Llama3-V project.

AI STOCK

DAILY AI FUNDRAISING

AI video start-up Pika raised $80 million, valuing it at $470 million. Pika, with a team from Google, Meta, and Uber, aims to compete with well-funded rivals by building its own AI technology.

AI startup Cohere raised $450 million from Nvidia, Salesforce, and Cisco. Competing with OpenAI, Anthropic, and Mistral, Cohere's valuation jumped to $5 billion. It aims to expand with strong investor support.

AI SOURCES FROM AI FIRE

Thanks to part***@*****tenet.net for suggesting sophisticated but not overly academic synonyms and phrases to describe artwork. This is a great help for our community, and my team can use it as a reference for upcoming artwork. Your comment deserves to be the winner of the weekly giveaway, which includes $29 and a 1-month AI Academy membership.

We always value your comments, so join our daily poll for a chance to win next week!

As promised, starting tomorrow, we will publish a video series documenting our journey of using AI to create and build a newsletter business from scratch (2-3 videos per week). This series is the first part of our new content tag: 'How to Make Money with AI'. Enjoy these videos, and we will keep updating this tag with more videos and documents, including guides on how to use AI to generate income.

So come and join us!

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AI QUICK HITS

1. ๐Ÿง  AI tool tracks kids' brain development (Read more)

2. ๐ŸŒ Key insights from the UN's AI summit. What can you learn? (Read more)

3. ๐Ÿ˜ด Can AI help you sleep better? (Read more)

4. ๐Ÿ“… Stability AI announced the open release of Stable Diffusion 3-Medium on June 12 (Read more)

5. ๐Ÿ”ง Cisco introduces new AI data center with NVIDIA (Read more)

AI CHARTS

Nvidia's rise to become the third most valuable company is captured in a popular meme. It shows Microsoft, Alphabet, and Meta as gold diggers, while Nvidia sells shovels (chips) in the AI gold rush. Since May 2023, when CEO Jensen Huang predicted huge profits from AI, Nvidia's share price has surged 277%. In one year, revenue jumped from $7.19 billion to $26 billion, a 262% increase, bringing its market cap to $2.8 trillion.

AI TUTORIAL

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    • Undetectable Mode (Paid Version): This mode makes sure your essay won't be flagged as AI-written. It uses a special language model to get high human scores on AI detectors.

    • Research: Find research papers and reliable publications to help with your essay.

    • ScholarChat: Chat with our bot to get ideas for your essay.

    • Settings: Adjust language options, citation styles, and auto-complete features.

AI PROMPT

A Prompt to Describe the Pinnacle of Possibility for Sale Script

Iโ€™m planning a script for a [describe scenario, e.g. sales call or webinar] and I want to start with a compelling story that illustrates the 'pinnacle of possibility'. 

My audience consists of [describe your dream customer], who are [briefly describe their characteristics or situation]. 

My product helps them achieve [describe the outcomes you help them achieve, e.g., increased efficiency, better customer engagement, etc.].

Understanding that their deepest desires include [describe everything you know about these desires, such as wanting to save time, increase profits, improve their skills, etc.].

Could you create an off-the-cuff, relatable story? This story should resonate with them and clearly demonstrate what they could achieve using my product. It should inspire and captivate them right from the start of my script, making them eager to learn more about how we can help them reach their goals.

AI-GENERATED IMAGES

Inspired by Techhalla

prompt: [style] website icon sheet of [icons] | flat SVG | [color] gradient filled | plain white background --v 6.0

AI JOBS

  • Amazon: Applied Scientist - generative AI (Link)

  • ecocareers: AI Data Assets Manager (Link)

  • Spectrum IT Recruitment: Contract AI Software Developer (Link)

  • University of Cambridge: Research Assistant/Associate in AI and Neuroinformatics (Link)

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LAST WORD ๐Ÿ‘‹ 
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The AI Fire Team

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