Alysia Silberg’s Weekly AI Briefing
Alysia, Founder and CEO of UnemployableAI, specializes in harnessing AI to drive growth, scalability, and profits in your company. Unemployable AI helps companies improve their operations through tailored AI solutions, efficient data management, and comprehensive dashboard integration. We partner with you to navigate the infinite possibilities of AI. Sign up for a blueprint strategy workshop session today to find out how UnemployableAI can change your story and trajectory.
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Executive Insights for the Week
AI's Expanding Horizons: From Regulation to Market Growth
Welcome to this week's AI Briefing, where we explore the latest developments shaping the AI industry and their implications for business leaders.
1. AI Regulation and Safety
California's AI Safety Bill (SB 1047) is sparking debate among CIOs and tech leaders. The bill requires AI model makers to conduct safety tests and ensure human oversight. While some executives are concerned about potential slowdowns in AI adoption, others see it as a step towards clearer standards. Many agree that federal regulation would be preferable to state-by-state rules.
Key Takeaways:
2. AI Talent Wars and Strategic Partnerships
Google's $2.7 billion deal to license technology from Character.AI, effectively rehiring AI pioneer Noam Shazeer, highlights the intense competition for top AI talent. Shazeer is now leading efforts to build Google's next version of Gemini AI.
In a similar vein, T-Mobile is partnering with OpenAI to build an AI platform called IntentCX, aimed at improving customer service and preventing subscriber losses. Implementation is expected to begin in 2025.
Key Takeaways:
3. AI in Consumer Technology
Amazon is working to catch up in the AI race, focusing on upgrading Alexa. The company formed a new AGI (Artificial General Intelligence) group under Rohit Prasad and plans to unveil a new AI-powered Alexa as early as next month.
Meta is partnering with celebrities like Awkwafina and John Cena for AI voice assistants, paying millions for the use of celebrity likenesses in its AI tools. This move aims to increase user engagement with Meta's AI products.
Meanwhile, OpenAI is releasing its voice assistant to all paid ChatGPT users, offering nine voice options to choose from.
Key Takeaways:
4. AI in Finance and Creative Industries
The Israeli Securities Authority has approved Bridgewise's AI chatbot called Bridget for stock recommendations, marking a significant milestone for AI in financial advice. This approval comes with restrictions to protect users.
ING has developed an AI model for currency pricing, replacing human traders. The model uses reinforcement learning and has outperformed human traders. ING plans to expand AI use in other asset classes.
In the creative space, Canva is betting on AI to compete with Adobe in the creative software market. The company acquired Leonardo.Ai and Affinity to boost its AI capabilities and is preparing for a potential IPO.
Key Takeaways:
5. AI Market Growth and Hardware Demand
Bain & Co. predicts the global AI market will reach $990 billion by 2027, with growth expected to be 40-55% annually. This boom could lead to shortages in semiconductors and other components.
In the semiconductor industry, Micron is expected to report strong growth in AI-related high-bandwidth memory chips. The company's stock is seen as potentially undervalued in the AI chip sector.
TSMC and Samsung are in talks to build large chip manufacturing complexes in the UAE, with projects potentially worth over $100 billion. This move reflects growing global competition in AI chip production.
Key Takeaways:
Alysia's Final Thought
The AI landscape continues to evolve at a breakneck pace, presenting both exciting opportunities and complex challenges. From regulatory debates to intense competition for AI talent, and from consumer-facing AI innovations to groundbreaking applications in finance and creative industries, the impact of AI is being felt across all sectors.
As leaders, we must navigate this dynamic environment with strategic foresight and adaptability. The key to success lies in balancing innovation with responsibility, staying ahead of regulatory curves, and making smart investments in AI talent and technology.
Looking ahead, focus on identifying specific, high-impact AI applications for your business while keeping a close eye on broader market trends and potential supply chain challenges. By doing so, we can harness the transformative power of AI to drive sustainable growth and maintain a competitive edge in this rapidly evolving landscape.
Exclusive Offer: AI Transformation Workshops
Are you ready to lead your organization into the AI-driven future? Unemployable AI is now offering exclusive AI workshops designed to guide your team through this transformative era. Our expert-led sessions will help you:
Book your AI Transformation Workshop today and equip your team with the knowledge and tools to thrive in this new era.
Call to Action Ready to take the next step? Contact us now to schedule your AI Transformation Workshop or sign up for a complimentary strategy session. Let Unemployable AI be your guide in crafting a robust AI approach that positions your company for success in this dynamic environment.
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Best regards, Alysia
P.S. For more insights on harnessing AI's power, check out my #1 international bestseller, "Unemployable: How AI Transformed My Work and Life," available on Amazon and in local indie bookstores!
AI Startups
Stripe data shows AI startups scaling to $30M revenue in 20 months
AI startups are rapidly transforming into significant revenue generators, with top companies reaching financial milestones faster than their software predecessors. Stripe data shows that leading AI startups take as little as 11 months to achieve $1 million in revenue annually, compared to 15 months for previous generations of software-as-a-service (SaaS) firms. AI companies are also scaling even faster to $30 million in annualized revenue, reaching this milestone in just 20 months. However, profitability remains a challenge for many AI companies, as they spend large amounts of cash to train and maintain AI models. Global demand is driving AI adoption, with 56% of revenues generated from foreign markets. AI companies must focus on sustainable growth and collaboration with other AI firms or large-scale industries to achieve success.
Aptos partners with Ignition AI Accelerator to boost APAC AI startups
The Aptos Foundation has partnered with Nvidia-backed Ignition AI Accelerator to accelerate the growth of AI-focused startups in Asia. The partnership will leverage Aptos's blockchain technology and funding support for startups accepted into the accelerator program. Microsoft's OpenAI Service will be used to eliminate adoption barriers. The partnership will drive synergies globally, empowering entrepreneurs and teams across the Aptos ecosystem. The partnership is expected to drive synergies globally, combining resources and expertise to empower entrepreneurs and teams across the ecosystem. The partnership is expected to drive AI growth in the Asia Pacific region.
Letta, one of UC Berkeley’s most anticipated AI startups, has just come out of stealth
Letta, an AI startup, has raised $10 million in seed funding led by Astasia Myers and has been backed by a number of angel investors. The startup, a child of Berkeley's Sky Computing Lab, is the commercial entity of the popular MemGPT open source project. MemGPT mitigates a problem for large language models (LLMs) by managing data and memory so that AI agents and chatbots can remember previous users and conversations. The company's commercial variant, Letta Cloud, is not yet open for business. While MemGPT is already out in the wild, Letta is accepting requests for beta users and will offer a hosted agent service that allows developers to deploy and run stateful agents in the cloud. The company is positioning itself as the open alternative to OpenAI, arguing that open source MemGPT is a better choice for AI application programmers.
AI Tools
Together AI is a platform designed to help teams and organizations integrate AI tools to improve collaboration, productivity, and decision-making processes. It allows teams to communicate more effectively and use AI insights to enhance work outcomes.
Helicone AI is an AI tool that helps businesses and developers monitor, analyze, and optimize their usage of language models. It provides real-time insights into how AI models are performing, making it easier to troubleshoot and improve AI implementations.
Pocus is a product-led sales platform that provides teams with data insights to help prioritize and convert leads more effectively. It connects with customer data sources to give a detailed view of the customer journey, allowing for smarter, more data-driven sales strategies.
Magic Inspector is a browser extension designed to help users inspect and analyze websites quickly. It offers insights into elements like metadata, SEO, and performance, providing an easy way to assess a site’s technical details for optimization.
Magic Patterns is a tool for designers and content creators that provides customizable visual patterns to use in backgrounds, UI designs, and web development. It simplifies the creation of visually engaging designs by offering a range of patterns that can be adjusted to fit different creative needs.
AI Experts
Parker Conrad, @parkerconrad
Companies that acqui-hire small startups should start disclosing what certain VC firms do, at the finish line, to shiv the founders for a few bucks after things didn't work out.
It would shock you.
And it's always exactly the firms you'd expect.
Tobi Lutke, @tobi
What overregulation feels like. AI progress is now skipping Europe
Ben South, @bnj
“60% of repeat founders who created unicorns the last five years are actually YC alums”
Absolute dominance
AI Image
Alysia’s Key Takeaway
AI offers transformative opportunities and challenges. Position your business at the forefront of innovation and leverage the full benefits of AI to excel ROI. Find out how to make UnemployableAI your partner to do just that.
Marketing Automation Expert for Small Businesses | CEO of Simple Biz Support Inc.
2moGot to love how AI is revolutionizing industries! From stock recommendations to creative tools, it's everywhere. How do you see AI transforming user engagement in marketing?