Harnessing Generative AI in Business Applications

Hello and Namaskar,

In this newsletter we cover -

• Top AI News
• Harnessing Generative AI: Four Key Business Applications
• 15 new top AI Tools
• 1 secret ChatGPT prompt for investment planning in stocks (just copy & paste)

Top AI News -

NASA is?tracking?more than 35,000 near-Earth asteroids; 864 of these are larger than one kilometer. It’s a lot to keep track of; the space agency is using AI to do it.?

UPS Enhances Package Delivery with AI: United Parcel Service (UPS) has developed DeliveryDefense, an AI software that assigns a "delivery confidence score" to addresses, aiming to reduce package theft by analyzing historical data such as location and delivery attempts.

Amazon, Alphabet, and Apple Increase AI Spending: Major tech companies like Amazon, Alphabet, and Apple have heavily invested in AI, with expectations of significant impacts on earnings and a focus on monetization strategies.

AI in Banking: National Australia Bank has enhanced it's efficiency with AI. National Australia Bank is exploring AI applications to enhance efficiency and customer engagement, while addressing potential data security issues and biases.

In Germany, the proportion of companies with more than 1,000 employees that deploy AI as part of their business operations stands at about 32%, with a further 44% exploring its use, according to the latest?IBM?Global AI Adoption Index.?

AI in Manufacturing: Denmark has unveiled Gefion, a state-of-the-art AI supercomputer powered by 1,528 Nvidia GPUs. Funded by the Novo Nordisk Foundation, this $100 million investment aims to enhance Danish industries, including manufacturing, by providing advanced computational resources.

AI in Education: Pearson, a leading education company, reported a 5% rise in underlying sales for the third quarter, attributing this growth to the integration of AI study tools in its higher education products. This move reflects a broader trend of incorporating AI to enhance learning experiences.

Harnessing Generative AI: Four Key Business Applications

Boosting Productivity with AI-Powered Tools

Generative AI continues to revolutionize business operations, enhancing efficiency and reducing costs. Recent advancements have led to significant improvements across various sectors.

1. Empowering with Virtual Assistants

AI-driven virtual assistants are transforming customer interactions and employee productivity. For instance, Cohere's Command R+ is an AI large language model designed for business tasks like document summarization and multilingual responses, integrating with applications to perform tasks such as using a calculator for math problems or an email client to share documents.

2. Elevating Business Functions with Intelligent AI Agents

Intelligent AI agents are streamlining complex business processes. Sierra, an AI startup co-founded by ex-Salesforce co-CEO Bret Taylor, secured $175 million in funding, elevating its valuation to $4.5 billion. The company specializes in AI-powered customer service chatbots and counts WeightWatchers and Sirius XM among its clients.

3. Streamlining Content with AI Summarization

Generative AI accelerates the summarization of documents and recordings, saving time and improving clarity. Google's NotebookLM, an AI-driven tool released by Google Labs in July 2023, facilitates understanding of complex information by summarizing material from diverse sources including documents, YouTube videos, and books.

4. Revolutionizing Document Management

Generative AI's natural language processing capabilities allow for efficient document processing. Adobe has introduced the Adobe Acrobat AI Assistant, designed to revolutionize the interaction with PDFs, of which there are an estimated 3 trillion in existence. This AI tool allows users to engage in real-time conversations with their PDFs, enabling them to quickly summarize, clarify, verify facts, and define confusing terms.

AI Tools of the week

1 ?Korbit AI?- Boost code quality with fast, thorough reviews that identify issues and provide fixes, integrates with GitHub and Bitbucket, and delivers PR descriptions, developer insights, plus more.

2 ?yfind?- Find top-rated products through thousands of trusted reviews from Reddit and Amazon, powered by AI.

3 ?Brushless?- Make fully editable illustrations with AI to 10x the impact of your websites, apps, presentations, and more.

4 ?NotesToQuiz?- Turn your study notes from PDF, DOCX, or TXT files into interactive, personalized quizzes with AI.

5 ?SuperDeck?- Turn startup ideas into winning pitch decks that impress investors and help secure funding.

6 ?Bossed?- Prep for interviews with realistic AI-driven scenarios and get personalized feedback to boost your skills.

7 ?Smashing?- Dive into articles the smart way with AI that gives you a full perspective on every side of the conversation.

8 ?BGBye?- Remove backgrounds from images and videos seamlessly with this easy-to-use online tool.

9 ?Spotter Studio?- Brainstorm, research, and plan successful YouTube videos with this all-in-one AI-powered platform.

10 ?Delle?- Make professional studio-quality fashion photos with AI in any size—no need for models or studios.

11 ?Visa Estonia?- Simplify your Estonia visa application process with smart document handling and automated guidance.

12 ?ratemysite.app?- Let AI rate your website's design and suggest actionable improvements to enhance its visual appeal.

13 ?BeVi AI Camera?- Capture product shots with an AI camera that analyzes focus areas and predicts viewer engagement.

14 ?CGFT?- Get real-time, context-aware code completion suggestions in Xcode with AI, using local or hosted models.

15 ?ViCA?- Understand UK and EU financial regulations easily with AI explanations and insights.

Secret ChatGPT Prompt for Investment Planning to invest in Stock Market :

(Simply copy and paste) use it for reference -

"I am seeking detailed investment advice focused on identifying potential stock market growth opportunities over the next three months. Here are my preferences and specific details to guide the analysis:

1. Investment Amount: I am planning to invest approximately (your total investment amount, e.g., $10,000).
2. Risk Tolerance: My risk tolerance level is (low, moderate, or high).
3. Industry Focus: I am interested in the following industries: (list industries, e.g., technology, healthcare, renewable energy).
4. Company Size Preference: My preference for company size includes (small-cap, mid-cap, large-cap, or all).
5. Geographic Focus: I prefer investments that focus on companies in (specify regions or countries, e.g., U.S., Europe, Asia).
6. Investment Goals: My main objectives are (growth, income, stability, or a balanced approach).
7. Investment Duration: I intend to hold these investments for around (duration, e.g., 3 months, 6 months, or a year).
8. Previous Investments: I have previously invested in (list any companies or industries you have invested in).

Using this information, please analyze potential growth opportunities over the next three months. Include a list of recommended companies in the selected industries, describing the following details in text format:

• Company Name and Industry: For each recommended company, list the company name along with its industry sector (e.g., "Company A - Technology").
• Investment Allocation: Indicate the suggested percentage of my total investment amount for each recommended company, based on its projected growth potential and alignment with my risk tolerance.
• Projected Growth: Estimate the percentage growth expected for each recommended company over the next three months, explaining the reasoning behind each projection (e.g., recent innovations, market demand, or industry trends).
• Reasoning for Recommendation: Provide a brief rationale for why each company is recommended, covering relevant factors such as company performance, market positioning, and future growth potential.

Format the analysis as a clear, organized text output, with each company listed individually, followed by its investment allocation, projected growth, and rationale.

Ensure that the analysis aligns specifically with my outlined criteria."

Hope you enjoyed this newsletter. Do share your valuable feedback and there's one more exciting announcement I have - my video course - Digital Growth Accelerator System with infused AI chapter.

Do buy the course here - https://www.amitjadhav.com/dgas/

Happy Aiing, with love,

Amit Jadhav

www.amitjadhav.com