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Plus: 2025 is the year of AGI.

Read time: 5 minutes

Happy new week!

The Wall Street Journal evaluated five leading AI chatbots in real-life scenarios to see which one stands out. This brings us closer to the idea that AGI might really be coming soon. In fact, Elon Musk is ambitiously planning to launch it next year. Want to stay updated?

What are on FIRE 🔥

• 🆚 Chatbot Olympics: The AI Face-Off

• 🌐 How VCs Shape AI in Top 5 Economies

• 🌟 AI Highlights

• 📈 AI Stock Daily

• 💸 Daily AI Fundraising

• 📚 AI Sources From AI Fire

• 🏅 AI Tools

• ⚡ 5 AI Quick Hits

• 📊 AI Chart

• ✏️ AI Tutorials: Create Professional Product Photos

• 🎯 A Prompt to Find and Analyze Big Industry Rivals

• 🖼️ AI-Generated Images

• 💼 4 AI Jobs

AI REPORT

🆚 Chatbot Olympics: The AI Face-Off

The Wall Street Journal evaluated five leading AI chatbots in various real-life scenarios to see which one stands out.

Key Takeaways:

• ChatGPT is known for its versatility and memory.

• Claude focuses on being socially conscious.

• Copilot integrates with Bing and Microsoft 365.

• Gemini accesses real-time search results.

• Perplexity excels in citing sources and research.

Why it matters: Each chatbot has unique strengths and weaknesses. Perplexity excelled in conciseness. ChatGPT didn’t lead. With rapid AI development, bots might leapfrog each other and eventually become multimodal, potentially replacing us.

AI RESEARCH

🌐 How VCs Shape AI in Top 5 Economies

The top five global economies use different strategies for AI investment and deployment.

Key Takeaways:

• The US sees a $290 billion investment in AI over 5 years.

• China’s AI market will exceed $61 billion by 2025.

• Japan integrates AI to address its aging population.

• India’s AI market is projected to reach $17 billion by 2027.

• Germany attracts major US tech investments, including $3.2 billion from Microsoft.

Why it matters: AI investment strategies vary by country and are influenced by economic factors and priorities. US leads in market-driven AI. China focuses on growth and modernization. Japan addresses demographic challenges. India boosts productivity. Germany excels in AI science.

TODAY IN AI

AI HIGHLIGHTS

🤖 China’s latest AI chatbot is trained on President Xi Jinping’s ideology, highlighting the ideological constraints for Chinese AI models.

👥 AI can reduce loneliness and improve social skills, but experts, including Tony Prescott, stress the importance of regulation to prevent over-dependence.

🦾 Sarah de Lagarde’s $190,000 AI-powered prosthetic arm, featuring Coapt software, significantly enhances her life post-accident.

📉 Economists are re-evaluating AI's impact on jobs, focusing on productivity, inequality, and the creation of new work opportunities.

💼 OpenAI releases former employees from nondisparagement agreements, and apologizes for restrictive exit contracts.

🌟 10 Highlights from Canva Create 2024: Redesigned for Work. Power every part of your workplace with game-changing launches, improved AI-powered tools, and a glow-up coming soon.

💻 Elon Musk’s xAI is planning a massive supercomputer with Nvidia GPUs, expected by 2025, to power AI chatbot Grok.

AI STOCK

DAILY AI FUNDRAISING

Elon Musk’s xAI raised $6 billion in series B funding, valuing it at $24 billion. The funds will launch new products, build infrastructure, and boost R&D, challenging OpenAI and other AI leaders.

Rows raised $8.7 million to expand its AI-powered spreadsheet app, enhancing data integration and AI features. The funds will help growth in the US, UK, and Europe, meeting business professionals' cloud data needs.

AI SOURCES FROM AI FIRE

NEW EMPOWERED AI TOOLS

1. 🛠️ Forloop is no-code platform for web scraping & data automation

2. ⏳ TrackerJam is an automatic browser for web time tracking

3. ✨ Stylar quickly converts 2D images into 3D for a whole new visual

4. 🎥 Glato helps get high-quality product videos in minutes using advanced AI technology.

5. ♫ AI Jukebox is an AI-powered text-to-music generation that transforms your words into melodies with ease.

AI QUICK HITS

1. 🎬 Timothee Chalamet's Batman Beyond AI Trailer Goes Viral (Read more)

2. 📱 iOS 18 brings new AI emojis and custom apps (Read more)

3. 🍏 Apple counts on users to lead AI (Read more)

4. 🎧 Suno turns sounds into songs soon (Read more)

5. 💳 Mastercard uses AI to stop card fraud early (Read more)

AI DISCUSS

Elon Musk recently told investors that his AI startup xAI plans to build a supercomputer to improve its AI chatbot, Grok. He aims to have this supercomputer ready by fall 2025, using Nvidia's H100 GPUs. Could this be the start of AGI?

AI CHARTS

xAI raises $6B in Series B funding, now valued at $24B, to develop advanced AI systems.

This company focused on creating artificial intelligence to speed up human scientific discovery. The company has introduced new techniques like Transformer-XL, Autoformalization, the Memorizing Transformer, Batch Size Scaling, μTransfer, and SimCLR. xAI has also contributed to major breakthroughs such as AlphaStar, AlphaCode, Inception, Minerva, GPT-3.5, and GPT-4

Meet the team.

AI TUTORIAL

Create Professional Product Photos

1. Go to Mokker. Upload your product photo without a background

2. Choose a style: You can pick from 4 styles for your product.

3. Enter your prompt and click 'Generate Photos.'

Get more AI tutorials →

AI PROMPT

A Prompt to Find and Analyze Big Industry Rivals

Act as a Business Strategy Consultant with 20 years of experience, help me identify potential industry giants I could compete against

Business Overview:

- Industry/Market: [Provide an overview of your industry or market]
- Business Focus: [Describe what your business does]
- Target Audience: [Specify who your business serves]

Market Analysis:
- Current Trends: [Outline current trends in your market]
- Competitive Landscape: [Summarize the competitive landscape]
- Challenges: [Highlight specific challenges in your market]

Request: Based on the information provided, please suggest large, established companies that could serve as aspirational rivals. For each recommended company, analyze their strengths and weaknesses compared to mine. Additionally, explain how positioning my company against these giants could elevate my company's ambition and strategic focus. Present this information in a detailed table format and provide an in-depth explanation. This exercise aims to broaden my competitive outlook and inspire bolder business strategies.

AI GENERATED IMAGES

prompt: [character] wearing [cloth], in the [background], portrait illustration in pale pastel colors --sref 11051986 --s 150 --ar 16:9 --v 6.0

AI JOBS

• Jooble: AI Engineer (LLM) (Link)

• EY: Client Technology AI Engineer (Link)

• Langham Recruitment: AI Engineer (Link)

• AT Talent: Principal Data and AI Consultant (Link)

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The AI Fire Team