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Happy Thursday!
Heard about Meta shares dipping due to increased AI spending? The number is about $200x. Meanwhile, Google Maps is rolling out a cool AI update to uncover hidden gems in your area. Can't wait to give it a try!
What are on FIRE 🔥
🔍 AI's Role in Strategic Supply Chain Management
📊 Meta's AI Strategy: High Cost, High R*sk?
📈 AI Stock Daily
🌟 AI Highlights
💸 Daily AI Fundraising
🏅 New Empowered AI Tools
⚡ 5 AI Quick Hits
✏️ AI Tutorials: Improve Your Search in Faster, Easier Ways
🎯 Planning Research with Generative AI
💼 4 AI Jobs
IN PARTNERSHIP WITH STREAMALIVE
🚀 StreamAlive: AI for presenters to skyrocket audience engagement in presentations, whether online or in-person. Craft & run AI-assisted interactions to vividly visualize responses in real-time.
StreamAlive is skyrocketing engagement in Zoom webinars, all-hands on Google Meet, training programs on MS Teams, in-person events, hybrid classes, and livestreams on Twitch and YouTube Live. Users include Nike, Airrack, Persistent, Johns Hopkins, US Aid, Symphony AI, and over a thousand others.
Vivid & visual interactions include maps, Tetris-like tiles, polls, word-clouds, and lots more.
AI INSIGHTS
🔍 AI's Role in Strategic Supply Chain Management
Source: Gartner
AI empowers strategic advancements and cost reductions in supply chain management.
Key Takeaways:
By 2028, 25% of KPI reporting will use GenAI models.
Smart robots to outnumber frontline workers in key sectors.
95% of data-driven decisions will be automated by next year.
Only 10% of CEOs apply AI strategically in their business.
Early AI strategy adopters report better performance metrics.
Gartner’s AI use case guide from the top supply chain and business.
Why it matters: Strategic AI adoption offers significant business advantages by optimizing performance metrics and decision-making processes.
PRESENTED BY AE STUDIO
Have an AI Idea and need help building it?
When you know AI should be part of your business but aren’t sure how to implement your concept, talk to AE Studio.
Elite software creators collaborate with you to turn any AI/ML idea into a reality–from NLP and custom chatbots to automated reports and beyond.
AE Studio has worked with early stage startups and Fortune 500 companies, and we’re ready to partner with your team. Computer vision, blockchain, e2e product development, you name it, we want to hear about it.
META
📊 Meta's AI Strategy: High Cost, High R*sk?
Source: Reuters Graphics
Meta's financial forecasts worry investors as AI spending escalates.
Key Takeaways:
Meta's market cap fell by nearly $200 billion.
Expected revenue for April-June is between $36.5 billion and $39 billion.
Meta's stock value dropped about 15% in extended trade.
Total 2024 expenses forecast increased to $96-$99 billion.
Why it matters: Despite the potential of AI, the immediate financial impact is notably challenging Meta's market stability.
TESLA
🤖 Elon Musk Talks Future Plans for Tesla's Optimus Robots
Source: Tesla
During Tesla's Q1 2024 earnings call, CEO Elon Musk revealed ambitious plans for its Optimus autonomous robots.
Key Takeaways:
Optimus tops Tesla’s ecosystem chart, contributing to 'a majority' of the company's long-term value.
Despite missing earnings expectations, Tesla’s shares surged after the call.
The 'sentient' humanoid robot is central to Musk’s future plans for Tesla.
Why it matters: Musk's comments point to an evolving narrative for Tesla, with AI and robotic developments shaping the company's future trajectories.
TODAY IN AI
AI STOCK
AI HIGHLIGHTS
Nvidia to purchase Run:ai for $700 million.
Run:ai specializes in optimizing AI software on GPUs.
Partnership boosts the efficient use of multiple GPUs.
The deal aims to leverage AI for better resource allocation.
Generative AI to help users discover local shops and cafes.
Feature includes personalized recommendations and reviews.
Android Authority reveals upcoming AI integrations.
Users can ask follow-up questions for refined searches.
Initial experiments used a Motorola Razr Plus and Google Pixel 8.
Focused on integrating Gemini and ChatGPT as voice assistants.
Found challenges with voice commands on flip phone cover screens.
Transitioned to using Google Pixel Buds for voice interactions.
Saudi hosts a tech event with over 200,000 attendees.
Announced a $5.3 billion investment in AI and data centers.
Created a $100 billion fund for technology and AI.
Vision 2030 outlines a plan to diversify from oil to technology.
OpenELM, standing for 'Open-source Efficient Language Models', was released on the Hugging Face model library by Apple researchers.
The models are designed for efficient performance on text-related tasks, such as email writing.
OpenELM has four sizes, varying from 270 million to 3 billion parameters.
` DAILY AI FUNDRAISING
Six-month-old Cognition Labs from San Francisco raised $175 million, reaching a $2 billion valuation after launching their AI coding assistant, Devin.
Bedford-based Aropha Inc. announced raising $1 million in seed funding. This investment supports their AI and lab automation innovations in biodegradable material testing.
AI SOURCES FROM AI FIRE
NEW EMPOWERED AI TOOLS
👀 Insights by Ayraa is a new dimension in enterprise search AI
🧠 SecBrain AI uses AI to save and remember everything
💡 Grimo AI is a versatile AI tool for gathering and sharing knowledge from various sources like YouTube, Twitter, and Podcasts.
👨🏼💻 BREVIAN is a no-code platform where business users can build custom, secure AI agents
🧮 FileDrop generates Google Sheets formulas in seconds
AI QUICK HITS
1. 📱 Google to Update Gemini Nano Before S25 Release (Read more)
2. 🧶 Etsy Shoppers Report Misleading AI Crochet Images (Read more)
3. 🖥️ Nvidia CEO Delivers First DGX H200 to OpenAI (Read more)
4. 🧬 Moderna, OpenAI Team Up for mRNA Research (Read more)
5. 🚀 Snowflake Launches New Generative AI Model (Read more)
AI MOMENT
AI Moment in the past - Source: Elon Musk
First @nvidia DGX H200 in the world, hand-delivered to OpenAI and dedicated by Jensen "to advance AI, computing, and humanity":
— Greg Brockman (@gdb)
Apr 24, 2024
AI Moment Today
AI CHARTS
This infographic displays the annual count of AI-related patents from 2010 to 2022, using data from the Center for Security and Emerging Technology (CSET), found in Stanford University's 2024 AI Index Report.
The data shows that China surpassed the U.S. in AI patents for the first time in 2013 and has continued to grow significantly each year since.
AI TUTORIAL
Improve Your Search in Faster, Easier Ways
Visit Search Labs and log in with your Gmail account.
Scroll down to “SGE, generative AI in Search” and click the “Turn on” button.
Go to Google. Now, when you search, you'll see 'AI overviews.'
When Google gives you an AI answer, click “Show more” to ask more questions or add images for better results.
Note: Search Labs isn't available everywhere. If you can't access it in your country, consider using a VPN based in the US.
AI KNOWLEDGE
Planning Research with Generative AI
Creating a research plan takes a lot of time. Even with a good template, researchers need to come up with questions, choose methods, plan sessions, and often make materials like screeners and tasks from scratch. Luckily, AI can help with many of these steps!
For detailed instructions. You can read more here.
AI JOBS
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LAST WORD 👋
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The AI Fire Team
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