🍎 Apple Intelligence (AI) Takes A Timeout

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Plus: 5 tips for writing great Gemini prompts

Read time: 5 minutes

No longer truly a fan letter?

Remember writing fan letters as a kid? (Like the one I gave to Mickey Mouse at Disneyland in 1999.) Now, a new Google ad says AI can write those letters for you, but people aren’t happy about it.

What are on FIRE 🔥

• 💼 Microsoft Faces AI Investment Concerns

• 📞 AI in Customer Service: Key Insights

• 🌟 AI Highlights

• 💸 Daily AI Fundraising

• 📚 AI Sources From AI Fire

• 🏅 AI Tools

• ⚡ 6 AI Quick Hits

• 📊 AI Chart

• ✏️ AI Tutorials: Generate EngagingAI Videos in Minutes with Virbo Wonder Share

• 💼 4 AI Jobs

AI REPORT

💼 Microsoft Faces AI Investment Concerns

Investors question if Microsoft's AI spending is paying off as the company prepares to report earnings.

Key Takeaways:

• Microsoft's Azure growth stayed steady at about 31% from April to June.

• Capital spending likely surged by 53% year-over-year to $13.64 billion.

• Alphabet's capital spending also remained high, causing tech stock sell-offs.

• Microsoft's Copilot service is used by half of the Fortune 500 companies.

• Microsoft's market value increased by over $350 billion this year.

Why it matters: Investors are closely watching Microsoft's ability to convert AI investments into substantial revenue growth. With high expectations of AI capabilities, the company's performance will influence market trends and investor sentiment across the tech industry. Ensuring sustained growth while managing high capital expenditures is crucial for future success.

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AI INSIGHTS

📞 AI in Customer Service: Key Insights

AI-driven tools are transforming customer service by enhancing efficiency and customer satisfaction.

Key Takeaways:

• 46% of UK customer service workers use AI-enhanced customer service software.

• AI can speed up response times and save costs, but issues of trust and accuracy persist.

• CRM and call center software are the most commonly used tools in customer service.

• Nearly half of the call center software users plan to upgrade their services soon.

• AI is expected to manage 48% of customer inquiries in the next five years.

• 69% of respondents see AI impacting customer service positively or very positively.

Why it matters: AI is transforming customer service by boosting productivity, satisfaction, and efficiency. Addressing trust and accuracy issues will be key to broader adoption. The significant improvements in operational efficiency underscore AI's potential to redefine customer service.

TODAY IN AI

AI HIGHLIGHTS

🎓 Squirrel Ai's AI tutor helps students in rural China, adapting to individual needs. The system, used by 24 million students, could make humans '10 times smarter' according to its creator.

🤖 Apple uses Google's TPU chips, not Nvidia's, for AI model training. Used 2,048 TPUv5p for device AI and 8,192 TPUv4 for server AI. Nvidia controls 80% of AI chip market.

🔍 Apple postpones AI features to October for wider testing. Bloomberg reports early developer access via iOS 18.1 beta. Features include writing assistance, custom emojis, and call transcription.

📺 Google's Olympics ad for Gemini AI, showing AI writing a fan letter, faces backlash. Critics argue it replaces child's creativity.

🎞️ Elon Musk defends reposting AI-generated video of Kamala Harris on X. Video viewed 129M times. Musk responds to criticism with vulgar jokes.

🤖 Meta introduces SAM 2, an AI model segmenting objects in images and videos in real time. Potential applications in video editing and mixed reality.

DAILY AI FUNDRAISING

Bee AI raised $7M to develop a wearable AI assistant that learns from conversations. It takes notes, sets reminders, and more. Pre-orders start before Black Friday at $49 plus a $19 monthly subscription.

AI SOURCES FROM AI FIRE

Congratulations to our 4 June trivia winners! Each of you has earned a 3-month membership to AI Fire Academy. (Check your status – your accounts have already been credited!)

• lisaj*****[email protected]

• *****[email protected]

• *****[email protected]

• m*****[email protected]

Didn't win this time? No worries! Join our trivia poll every Friday for another shot at victory. Your chance is coming up

NEW EMPOWERED AI TOOLS

1. 📨 Basedhardware transforms your conversations into summaries and proactive insights.

2. 🧩 Kotae is smart chatbot for small businesses

3. 📦 XspaceGPT finds the value of Twitter (X) spaces

4. 🛠️ 10xbeast creates and send high-converting email campaigns quickly with AI.

5. ⏳ Klee is a local AI application for macOS that ensures complete data security by processing everything on your device.

AI QUICK HITS

1. 🔍 Google now only search engine working on Reddit with AI deal (Read more)

2. 📚 DPI releases AI guidance for schools and libraries (Read more)

3. 👩‍⚕️ Cleveland Clinic appoints first Chief AI Officer (Read more)

4. 📝 5 tips for writing great Gemini prompts in Workspace (Read more)

5. 🤖 Instagram lets you create custom AI chatbots (Read more)

6. 🚫 How to stop X from using your data for Grok AI (Read more)

AI CHART

What are the threats to the $1trn artificial intelligence boom?

• Investment Surge: Alphabet, Amazon, Meta, and Microsoft will spend $104bn on AI data centers in 2024, with total investments possibly reaching $1.4trn by 2027.

• Stock Market Impact: Alphabet’s announcement led to a 4% drop in the Nasdaq index, highlighting investor concerns about the large capital expenditures.

• Key Players: Nvidia’s AI chip sales are expected to hit $105bn in 2024, with AMD and Broadcom also seeing significant growth in AI-related revenues.

• Supply Chain Risks: Heavy reliance on Nvidia, potential power shortages, and supply bottlenecks pose risks to the AI supply chain.

• Demand Uncertainty: Reports from Goldman Sachs and Sequoia question the benefits of current AI tools, suggesting that demand might not justify the massive investments.

AI TUTORIAL

Generate EngagingAI Videos in Minutes with Virbo Wonder Share

1. Go to Virbo Wonder Share and sign in.

2. Choose your AI Avatar and click "Create Video".

3. Enter your script, select the voice tone, and adjust speed, pitch, and volume.

4. Edit the background.

5. When ready, click "Export".

Get more AI tutorials →

AI JOBS

• Prolific: AI Research Lead (Link)

• Harvey Nash: AI / ML Engineer - Python (Link)

• eFinancialCareers: AI Machine Learning Engineer (Link)

• Spotted Zebra: Junior AI Engineer (UK - Remote) (Link)

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