🦙 Meta Makes AI Top Priority

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Today you need to know:

• 🦙 Meta makes AI top priority

• 🤖 Siri, Alexa, etc. have fallen behind chatbots

• 🏭 Industrial AI market to reach $58.3B by 2029

• ⚠️ Prompts are key in controlling language models

• ⚒️ 5 tools to add to your tech stack

Plus a lot more! This will only take 5 minutes. Off you go! 🚀

📌 BIG NEWS

🦙 Meta Makes AI Top Priority

Meta is shifting gears in favor of AI, CEO Mark Zuckerberg announced in a statement, signaling a new direction for the tech giant.

The company said that while building the metaverse is still an important goal, Meta's "single largest investment is in advancing AI and building it into every one of its products."

However, the AI-centric approach also means a second round of job cuts for Meta that will result in 10,000 job losses and the discontinuation of support for NFTs, which were all the rage last year but have since crashed and burned.

Despite this, investors are cheering Meta's move towards AI, with shares surging more than 50% since the start of the year.

Meta's decision to double down on AI research comes as the AI arms race continues to heat up. With Microsoft and Google shifting focus on AI, Meta has also set its eyes on being at the forefront of the latest tech revolution.

📰 MORE HEADLINES

LinkedIn introduces AI-powered writing suggestions. 👔 The tool draws profile content from job experience and skills. Available for Premium subscribers only. AI-written job descriptions are being tested. (Search Engine Journal)

Chatbots are winning AI race versus voice assistants. 🤖 Siri, Alexa, and Google Assistants have remained stagnant. VAs are limited to command-and-control systems. Chatbots becoming smarter with progressive language models. (The New York Times)

AI boom causing surge in CO2 emissions.💨 Creation of AI requires high electricity. Use of more energy-efficient algorithms is encouraged. Renewable energy for power data centers is being proposed. (Bloomberg)

WellsFargo scales AI within the company. 🏢 Uses AI as fundamental component of products. Implemented enterprise data strategy. To launch new AI-powered VA soon. (Venture Beat)

💰AI FUNDING

Industrial AI market to reach $58.3B by 2029. 🏭 North America dominates the market. Asia-Pacific is expected to register the highest growth. Healthcare sector has highest share. Major players include Siemens, Intel, Nvidia. (Globe Newswire)

Protai secures $12M for AI-powered drug discovery. 💊 AI platform analyzes protein-level data. Funding to be used to expand oncology drug pipeline. Investors include Grove Ventures and Maj Invest. (Tech Funding News)

Seoul-based Indent gets $8.1M. 📹 AI-powered tool collects video reviews and ratings from customers. Claims a 6x higher order conversion rate. Platform upgrades get funding injection. Will also help fund entry into the US market. (Tech Crunch)

Aiberry raises $8M seed funding. 🫂 Platform detects mental health disorders. Offers AI-powered therapeutic assistant. Funds will help accelerate platform adoption. To support improvement plans for automation. (Businesswire)

🛠️ TOOLS

• IngestAI. No-code bot creator. Converts knowledge base to ChatGPT-bot. Provides precise AI-generated answers. Integrates with lots of chat apps.

• MarketingBlocks AI. All-in-one AI marketing assistant. Creates any kind of creative materials in seconds. Helps in ideation and creation. No coding or designing needed.

• SheetAI.app. Brings AI in spreadsheets. Sanitizes data and predicts values. Automates repetitive tasks. Follows simple English commands.

• Safurai. Speeds up code development. Generates code and documentation. Optimizes and tests code. Supports all programming languages.

• Mixo.io. AI-powered builder for startups. Creates website and content in seconds. Validates product ideas and gathers feedback. Has a subscriber management tool.

🛡️AI SAFETY & ETHICS

UK spy agency warns about AI chatbots. 🕵️ Says ChatGPT may leak sensitive queries. Chatbots may write phishing emails. Major UK companies advise against using ChatGPT. (Business Insider)

Transparency in AI is a need. 🪩 AI developers have obligations to users. Privacy policy must be shared. Guidance for good practice must be available. (ICO)

AI should support, not replace, humans. 🆘 Automation can reduce admin tasks. Virtual assistants free up staff workload. AI enhances human potential to build connections. (The Mandarin)

🎙️ FROM PODCASTS (Powered by Deciphr AI)

Adventures in Machine Learning: Automation can help smoothen film production. The new tech will use one-click approach for workflows. Providing instant value is the priority. Rating systems will be added as success metrics.["Machine Learning for Movie Scripts - ML 106" episode at 00:28:53]

Machine Learning Street Talk: Prompts can control language models. But it needs specific instructions to function correctly. Helps language models resolve reasoning and math accuracy issues. Still, it is increasingly embedded in everyday life.["#105 - Dr. MICHAEL OLIVER CSO - Numerai" episode at 01:13:14]

Lex Fridman Podcast: AI reflects humanity's decisions. Natural language can be used by both humans and AI today. But, it sets high expectations for AI's potential. Humans are still the decision-makers in tech. ["#362 – Ginni Rometty: IBM CEO on Leadership, Power, and Adversity" episode at 01:22:57]

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That's it for today! This newsletter was made with the help of AI-driven research. ✌️