DIGITAL STORM weekly #13

All about AI, Future Trends, Digital Transformation & Leadership for executives, decision makers, industry leaders and all others which want to grow

Welcome back to “DIGITAL STORM weekly” for executives, decision makers, industry leaders and all others which want to grow. This is the place where you go to get the most important news about technology and business first:

• It’s what leaders read to stay one step ahead
• It’s what you can use to gain market-moving insight into what’s next
• It’s how you can understand what’s least understood—before everyone else does

(Total reading 15 min.)

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in todays rundown…

• Generative AI (labor affected - Invest in AI - Apple & AI - AI Teams - Replace CEOs - Tutorial - Prompts & Tools)
• (Big Headlines)

Generative AI

44% of the labor force affected by AI in 3 years

(Dr. STORM) Morgan Stanley analyst Brian Nowak forecasts that 44% of the labor force will be affected by AI in the near term, with the economic ripple effect speculated to be around 4.1T dollars.

important points:

• The estimate shows a considerable increase in AI integration across industries and represents a significant step forward from the current impact of AI, which is estimated to be worth 2.1 trillion dollars and affect 25% of labor.
• The utilisation of generative AI has been emphasised as a crucial element in expanding the automation spectrum, as the decreased input costs stimulate expansion in numerous sectors.
• Software firms stand to gain 5% of the projected $4.1T inflow, translating into a 205 billion dollar addressable market over the next three years.
• Additionally, if the forecast is correct, there would be a $150 billion market for AI companies that provide enterprise products. At AITR, we have also observed a trend toward enterprise use cases.

AI will have an immediate impact on the labor force, whether we like it or not. In order to not only survive but also thrive in this rapidly evolving environment, it is up to us to educate and best position ourselves for the impending technological shift.

How to invest in the AI revolution???

(Dr. STORM)1 Here are a few options (from most risky to least):

• Make individual stock investments. Although it carries a higher risk, this choice may also yield greater rewards. Investing in individual stocks is akin to placing a wager on the prospective prosperity of a specific company. Among the best AI stocks are Helix Energy Solutions Group, Symbotic, and Nvidia. Checking out some of the more recent names might also be advisable, as they have all increased by more than 200% this year.
• Invest in ETFs or mutual funds. This alternative is less hazardous than buying individual stocks. Professional investors manage stock baskets in mutual funds and exchange-traded funds (ETFs). This implies that you can spread your risk over several companies and eliminate the need to select individual stocks.
• Invest in exchange-traded funds (ETFs) with a technology concentration. Stock exchange-traded mutual funds, or ETFs, are one kind of fund. ETFs are a great way to invest in a specific market niche, like technology. The reason for this is that exchange-traded funds (ETFs) follow an index, like the NASDAQ 100, which is made up of the top 100 non-financial companies listed on the NASDAQ stock exchange.

Investigate your options and be aware of the risks before making a technological investment. Prices in the technology sector are prone to large fluctuations. Nonetheless, investing in technology can be lucrative if you're ready to take some risks, and many people think this industry will continue to generate returns, as it has this year. Top technology exchange-traded funds (ETFs) include the following:

• ARK Innovation ETF (ARKK)
• Vanguard Information Technology ETF (VGT)
• iShares Core Technology ETF (IYW)
• SPDR Technology ETF (XLK)

These ETFs make investments in a range of technology firms, such as those that make hardware, software, and telecommunications. They provide exposure to the technology industry without requiring the selection of specific stocks. A technology ETF selection should take your investing objectives and risk tolerance into account. One more aggressive ETF that makes investments in disruptive innovation companies is called ARKK. VGT is an ETF that focuses on large-cap technology companies and is considered more conservative. Technology ETFs with mid-capacity are IYW and XLK. It's also crucial to take the ETF's fees into account. The expense ratios of VGT, IYW, and XLK are all 0.15%, whereas ARKK's is 0.75%. The percentage of your investment that the ETF provider deducts annually is known as the expense ratio. Maybe watch video for some motivation.

(This is not financial advice; please conduct your own research.)

Apple intends to hire AI personnel in UK

(Dr. STORM) In contrast to the recent trend of layoffs in the tech industry, Apple CEO Tim Cook announced plans to increase the number of UK-based employees with a focus on artificial intelligence.

• Apple's AI hiring stands in stark contrast to the industry-wide layoffs that tech companies, including Amazon, Meta, and Google, have been leading.
• As a "last resort," Cook views layoffs, highlighting Apple's emphasis on investing in AI talent.
• With Amazon investing up to $4 billion in the AI company Anthropic, a number of tech behemoths have poured billions of dollars into the development of AI.
• Leaders in the UK government and business community are upbeat about the nation's chances of emerging as an AI superpower.

Why it matters: Although Apple hasn't mentioned artificial intelligence much in their product announcements this year, they are still very much in the running. This improvement demonstrates Apple's dedication to growing its AI workforce.

Putting together AI-powered business teams in 5 easy steps

(Dr. STORM) Creating a team with AI expertise is no longer the stuff of science fiction films. According to a study , 93% of companies plan to invest more in AI. This helpful guide from TechCruch will get you started if you're looking to create AI-driven business teams at your company:

1. Clarity is key: It's critical to formulate a clear understanding of the purposes and objectives for AI. At this point, breaking down tasks into smaller components is crucial to increasing accuracy.
2. Description of role: Giving AI a clear task, like that of an AI-powered administrative assistant, helps it generate more precise and pertinent results.
3. Task division: In order to fully utilize AI's potential, tasks ought to be divided into smaller, more manageable chunks, with each task having a clear and distinct purpose.
4. Use AI for research: By gathering and analyzing data quickly, AI can significantly cut down on the time and cost associated with research.
5. Finding the right balance between automation and human intervention is essential for achieving optimal results, even though artificial intelligence is capable of a vast array of tasks.

Nearly half of CEOs think AI should replace them

(Dr. STORM) A new survey of over 1,500 executives and knowledge workers found that 49% of CEOs believe AI could AND should take over most or all of their responsibilities.

Key points:

• CEOs believed AI would free up more time for employee development, leadership, and innovation, according to a poll conducted by education platform EdX.
• According to experts, regular CEO duties like contracts and evaluations could soon be automated, but replication of strategic thinking is still a ways off.
• Additionally, 79% of executives fear that if they don't learn how to use AI, they'll fall behind.

My opinion: Even senior executives can see that AI is writing itself on the wall; if you can't work with AI, someone else will replace you. Even though IQ might not be as important in the future, genuine leadership, inventiveness, and critical thinking will be difficult for AI to imitate.

Today you can download this ChatGPT Cheat Sheet Job Hunting (1.99 EUR) - for Free

Get your file here ???click here ??? (free until Oct 15, 2023)

Want to learn more about AI, /ChatGPT, Midjourney, Prompts? Here you can find more then 60 eBooks on that topic ???click here ???

AI Tutor

(Dr. STORM)

How to generate images with Bing / DALL-E 3

• Go to the DALL-E 3 Image Generator on Bing and either sign in or register for a new Microsoft account. ???click here ???
• For the desired image, type a detailed text prompt.
• In addition to being excellent at comprehending conversational cues, DALL-E 3 can also integrate text into generated images.

For this picture use the following prompt: “bright eye makeup looks”

Boost your learning with AI

Having trouble with your work or picking up a new idea? Let AI assist with tailored support with the new multimodal features in Bing Chat and ChatGPT (access is still rolling out):

1. Upload pictures or diagrams: If you already have vision access, add visual aids in Bing or ChatGPT that are relevant to your question or assignment.
2. Describe what you need. Ask the AI to explain concepts according to your needs, grade level, class, etc. Ex: "I'm studying photosynthesis in the sixth grade. Could you provide a basic explanation of this diagram?"
3. Make further inquiries: Go on with the conversation if you still need assistance! Based on cues, the AI can reword explanations, offer more resources, or assist with any follow-up inquiries.

Learners can receive personalized assistance in deciphering complex subjects at their own pace with AI tutors. A fantastic new tool has just been added to the entire education system!

AI Prompts training

(Dr. STORM):

• ChatGPT Prompt - Browsing Reddit

Comment: Use ‘Browse with Bing’ to explore Reddit pages without leaving the ChatGPT interface.

“What are the top 5 posts on r/chatgpt in the last month? Include a link to each post”

• Midjourney Prompt - 100 years of Star Wars

Artist Highlight: Twitter user Douggy Pled ger creates a ‘Vintage Star Wars’ using a mixture of MidJourney & Pika Labs:

Cool Tools

(Dr. STORM):

1. eesel AI - ChatGPT oracle over your Google Docs, Notion, Slack, Confluence, and other apps
2. Telescope - powers stock discovery with AI
3. Bonfire - the first humanized enterprise bot
4. LiftSites - creates individualized websites without coding
5. Lethelink - Helping caregivers of Alzheimer's patients
6. Fill 3D - Render photorealistic staging images.
7. HappySRT - generates subtitles for any YouTube video
8. Sycamore - Open source system for building sophisticated search applications
9. Verble - AI speechwriting assistant
10. Colors AI - Use customer feedback to prioritize product development
11. StableDiffusionXL - available on Poe
12. BlueDot - AI-powered Chrome extension for Google Meet

Misc

(Dr. STORM):

Big Headlines you should know

1. CharacterAI , an AI chatbot startup founded by ex-Google employees, is reportedly worth $5-6B, with some estimates reaching $10M, after a private fundraising round.
2. Google is developing a 'Memory' feature for Bard, allowing it to remember and adapt to user's personal details, providing personalized responses.
3. AMD CEO Lisa Su discusses AI boom, competing with NVIDIA, and MI300 chip. She hopes $280B CHIPS and Science Act boosts US semiconductor manufacturing, including $52B in subsidies.
4. The NSA is launching an AI-led security center to combat cyber threats, particularly from China and Russia, collaborating with industry, academia, and the Department of Defense.
5. Medium blocks OpenAI's ChatGPT from scraping its content, joining CNN and The New York Times in a stand against content scraping, arguing for fair use in the AI age.
6. OpenAI’s fitness watch - OpenAI is reportedly developing its own AI hardware and has partnered with WHOOP to launch WHOOP Coach, a wearable device that uses generative AI to provide personalized health and fitness guidance.
7. AI at Paris Fashion Week - Humane is collaborating with OpenAI and unveiled the Humane AI Pin, a mysterious wearable device, at Paris Fashion Week. The device is reportedly a screenless, standalone device that uses AI to enable innovative personal computing experiences.
8. AI's impact on jobs - OpenAI CEO Sam Altman believes that AI will lead to new and much better jobs. He argues that AI will automate many routine and repetitive tasks, freeing up human workers to focus on more creative and strategic work.
9. Joule, an enterprise AI assistant from SAP , is released.
10. AWS is putting more serious effort into enterprise GenAI, Amazon Bedrock is generally available.
11. Spotify is reportedly developing AI-generated playlists based on user prompts, despite not commenting on this feature, despite announcing AI-driven features like an AI-powered DJ and AI-translated podcasts.
12. Confluent starts a new project to provide enterprise AI apps with new, real-time data streams. Study up on
13. Stanford study shows large language models (LLMs) can provide constructive critiques on research papers, with 57% of participants finding it helpful, highlighting the debate on AI's role in science and review processes.
14. Harvard Business School study reveals consultants make more mistakes using AI for unfamiliar tasks, despite productivity gains. AI creates a "jagged frontier," with blindly relying on it can lead to disaster.
15. Sequoia Capital steward Roloef Botha stated they are not investing in AI foundation models, preferring to support early-stage companies interacting with these models.
16. Palantir secures $250 million contract from US Defense Department for AI research and development, enhancing its relationship with the US government and its position in AI defense.
17. Visa Ventures plans to invest $100M in AI companies to advance commerce and payment solutions, recognizing AI's potential as a transformative technology since 1993.
18. The 2023 Freedom House study reveals that political leaders in 16 nations, including the US, are employing generative AI and deepfakes to suppress dissent and spread disinformation.
19. JPMorgan CEO Jamie Dimon says our children will probably only work 3.5 days a week thanks to AI.
20. Google is integrating its Assistant with AI chatbot Bard, offering users more natural conversations for personal tasks and introducing AI-powered features across the Pixel.
21. OpenAI's chief tech officer predicts ChatGPT will aid in solving difficult problems, potentially leading to a shift in work patterns and workweeks.
22. OpenAI is considering creating its own AI chips due to the high cost of acquiring and operating GPUs. The company is also reportedly testing a chip with Microsoft, a major backer of OpenAI.

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