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AI Dominates this $4.6T Industry

In partnership with

Plus: The Most Capable Openly Available LLM

Read time: 5 minutes

What a great weekend!

AI is transforming traditional services with automation, tapping into a multi-trillion-dollar industry. Can you guess which one?

We're excited to do a significant update that we're confident you'll like it. Stay tuned for more

What are on FIRE 🔥

🌐 AI to Dominate $4.6 Trillion Service Sector
🦾 Llama 3: The Most Capable Openly Available LLM
📈 AI Stock Daily
🌟 AI Highlights
💸 Daily AI Fundraising
🏅 New Empowered AI Tools
⚡ 5 AI Quick Hits
✏️ AI Tutorials: Create a Chatbot Powered by Leader-bot Chat
🎯 A Prompt to Understand Human Behavior
💼 4 AI Jobs

AI INSIGHTS

🌐 AI to Dominate $4.6 Trillion Service Sector

Source: Foundation Capital

AI is set to replace traditional services with automated solutions, targeting a multi-trillion-dollar industry.

Key Takeaways:

  • Shift to Service-as-Software addresses a $4.6 trillion market.

  • Foundation Capital bets on startups like Turing and Eightfold.

  • AI roles expand in sales, marketing, and customer support.

  • Salesforce's revenue juxtaposed with the broader sales and marketing spend highlights growth potential.

  • Global IT services spend estimated at $1.5 trillion in 2024.

Why it matters: AI's integration into services could dramatically reduce costs and improve service quality, presenting a dual opportunity for market expansion and innovation in $1.5 trillion IT services.

PRESENTED BY AE STUDIO

Hire a world class AI team

Engineers who understand AI are expensive and difficult to find, and it can be hard to figure out who to trust. On top of that, 85% of all AI projects fail.

But AE Studio succeeds.

We listen to your business challenge and help you craft and implement the optimal AI solution with our team of world class AI experts from Harvard, Stanford and Princeton.

Our development, design, and data science teams work closely with founders and executives to create custom software and AI solutions that get the job done. The secret to our success is treating your project as if it were our own startup.

AI MODEL  

🦾 Llama 3: The Most Capable Openly Available LLM

Source: Meta

Llama 3 introduces transformative AI capabilities, supported by extensive platform integration and safety features.

Key Takeaways:

  • Meta Llama 3 rolls out with state-of-the-art 8B and 70B models.

  • Broad availability across platforms like AWS, Google Cloud, and Azure.

  • Enhanced safety with Llama Guard 2 and Code Shield.

  • Future plans include boosting context length and expanding multilingual functions.

  • A catalyst for innovation, impacting sectors from technology to creative arts.

Why it matters: Meta's Llama 3 launch is a landmark in AI development, potentially transforming how industries leverage AI, ensuring broader, safer AI use, and fostering significant technological and creative innovations.

🎁 Today's Trivia - Vote, Learn & Win!

A fresh week means a new shot at winning an AI Fire Pro 2.0 Premium Membership. Who will claim the prize this time?

Which company launched "Copilot," a tool that helps programmers by suggesting code as they write?

Login or Subscribe to participate in polls.

TODAY IN AI

AI STOCK

AI HIGHLIGHTS

  • Launch of Premium Company Page with a starting fee of $99/month.

  • AI tools help write content and grow followers, enhancing business profiles.

  • Designed for small to medium businesses to stand out on LinkedIn.

  • Includes features for visitor insights and customizable 'call to action' buttons.

  • Boston Dynamics retires hydraulic Atlas for a new electric model.

  • This next-gen Atlas is designed for real-world applications, including in factories.

  • Collaboration begins with Hyundai to test and iterate Atlas's capabilities in automotive manufacturing.

  • The electric Atlas features improved strength and a broader range of motion.

  • AI surpasses human abilities in math and reading, with significant advancements noted in the latest benchmarks.

  • The cost to develop these systems, like GPT-4, is growing, now reaching tens of millions.

  • Benchmarks for AI are quickly becoming outdated, highlighting the pace of progress.

  • Regulatory and ethical debates intensify as AI applications expand across sectors.

  • VASA-1 generates lifelike talking faces from a single photo and audio clip.

  • It features precise lip sync, authentic facial expressions, and natural head movements.

  • Videos are produced at 40 FPS with 512x512 resolution, enhancing real-time interaction.

DAILY AI FUNDRAISING

Spines secured $6.5 million to transform publishing with AI, cutting time from six months to two weeks, reducing costs by 30%, and enhancing services at every step.

AI SOURCES FROM AI FIRE

  1. AI FIRE YouTube Channel
    We've expanded our team to serve you better. Now, every day, we post new videos packed with advanced tutorials on AI tools on the AI Fire YouTube channel, ensuring you always have access to cutting-edge learning resources.

  2. New Content Tag: "AI Workflows"
    Check out our latest series where we demonstrate how to integrate AI into your daily tasks across various professions including marketing, accounting, education, music, etc. Stay tuned as we continue to expand this series to cover more fields (AI for Marketing, AI for Designers, AI for Entrepreneurs, AI for Copywriters, AI for Developers, AI for Video, AI for Business, AI for Educators).

  3. Growing the AI Fire Community
    We’ve expanded AI Fire across multiple platforms—including Facebook Groups, Facebook Reels, and LinkedIn—and are proud to have reached a total of 300K+ audiences in just a short time over several months.

    It’s been an unforgettable journey, and we’re excited to share every aspect of building our AI-powered business with you. Stay tuned for the launch of our New Pro Version - AI Fire Academy (the new name AI Academy is chosen to fit and cover the mission that we are building & delivering…). We'll showcase detailed courses and give you a first look at all the latest updates and features with exciting new content and improvements are coming soon!

  4. Shout Out to Trivia Poll Winners
    A big congratulations to the three winners of our March trivia polls! Enjoy your three-month membership to AI Fire Pro 2.0 costs $87, complete with early access to AI Fire Academy. P/s: All the winners, please check the status of your account now as we have already rewarded you.

  • pra**********@swap*****.com

  • buri*****@gmail.com

  • joseph@joseph*****.com

NEW EMPOWERED AI TOOLS

  1. 👥 AskJack automates and handles HR questions

  2. 💡 Linkquire extracts key insights from YouTube videos

  3. 📝 SpeedLegal is an AI tool that helps you understand and negotiate contracts better.

  4. ✍🏻 Collato is an AI Notetaker is a smart notetaker for busy people

  5. 📦 Chordio visualizes a product concept, fleshs out a user workflow, and more with AI

AI QUICK HITS

1. 🔬 AI boosts Parkinson's drug development 10x (Read more)

2. 🖼️ AI spots secret feature in renowned Raphael art (Read more)

3. 📍 The Humane AI Pin gets misunderstood across languages (Read more)

4. 🗨️ Meta’s AI now part of Instagram, Facebook, WhatsApp, Messenger (Read more)

5. ✈️ US Air Force wins first AI dogfight (Read more)

AI CHARTS

Source: NfX

Before, SaaS helped with tasks, but it couldn't work alone. Companies needed staff to use it.

Now, AI can do tasks by itself. This combines software and labor into Service-as-a-Software.

This change isn't just about bigger markets. It also means more profits as businesses use a cheaper AI workforce for tasks.

AI TUTORIAL

Create a Chatbot Powered by Leader-bot Chat

Step 1: Start Making Your Bot
Go to Poe and click “Create a bot” on the left.

Step 2: Make Your Bot Unique
→ Add a Photo: (Optional) Makes your bot stand out.
Choose a Name: Pick a name for your bot.
Bot Description: (Optional) Write a short intro for your bot that others will see.

Step 3: Set Up How Your Bot Works
→ Choose a Base Bot: Pick the basic bot that yours will be built on.
Write a Prompt: Explain what your bot does. See prompt tips for help.
Add Knowledge: (Optional) Upload files or text to help your bot know more.

Step 4: Add Extra Features (Optional)
Suggest Replies: Give users reply options after the bot answers.
Use Markdown: This lets you style messages with Markdown.
Adjust Temperature: Set how creative or predictable your bot’s replies are.

Step 5: Launch Your Bot
Fill in all details and hit “Create bot” to finish. Enjoy your new bot!

AI PROMPT

A Prompt to Understand Human Behavior

I am aiming to gain an in-depth understanding of the primary desires and needs of my ideal customers.

Profile of Target Customers: [input detailed demographic and psychographic information about targeted customers].
My Business: [specify the nature and unique aspects of your product or service].
Current Understanding of Customer Desires: [describe their current desires and expectations].

Considering this profile and initial understanding, could you predict how their preferences and behaviors might evolve in the coming years? Please provide a thorough analysis of anticipated changes in consumer behavior. Additionally, suggest actionable strategies for adapting my [specify product or service] to meet these evolving needs. This proactive adjustment will help ensure that my business not only meets but exceeds the expectations of these customers, keeping us as their top choice.

What specific adaptations should be considered for [specify product or service] to cater to the future landscape of [input detailed description of expected market changes]? How can we better align our offerings with the predicted shifts in the desires of [input information about targeted customers]?

AI JOBS

  • GRB: Graduate Software and AI Developer (Link)

  • Methods Business and Digital Technology: Junior Data & AI Consultant (Link)

  • LyRise: Artificial Intelligence Engineer (Link)

  • Bidwells: Lead Data & AI Analyst (Link)

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LAST WORD 👋 
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The AI Fire Team

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