Hello, AI Enthusiasts.
The weekend is just around the corner, and we’re here to help you make it there with some captivating reads.
Dive into today’s newsletter and find something to inspire your evening.
Here's another crazy day in AI:
Gen AI means business: 7 real-world applications
Canva expands with Leonardo AI
Comparing Siri and ChatGPT Voice
Some AI tools to try out
TODAY'S FEATURED ITEM: The most promising GenAI use cases in business
Image credit: charlesdeluvio / Unsplash
Ever catch yourself wondering how businesses are actually putting generative AI to work?
It's not just hype - some companies are finding real value in this technology.
In a recent article for CIO, Senior Writer Grant Gross explores how companies are putting generative AI to work in meaningful ways. While many companies are still figuring out how to effectively implement this technology, some clear frontrunners are emerging in terms of practical applications.
Let's break down the most promising use cases:
Advanced Chatbots: Modern gen AI chatbots provide more natural-sounding interactions and efficiently handle customer service tasks, as seen with companies like Bolt and Deutsche Telekom.
Digital Assistants: Tools from Microsoft and Google streamline tasks such as document creation, email summarization, and supply chain management.
Coding Assistants: Gen AI helps programmers by generating code and keeping them focused, particularly benefiting web development projects.
Marketing Support: AI enhances content creation, market analysis, and personalized marketing, improving efficiency and insights.
Drug Discovery: AI accelerates the modeling of molecules and prediction of drug interactions, promising faster development of new medications.
Cybersecurity and Fraud Detection: AI strengthens cybersecurity measures and predicts fraudulent activities by analyzing user behavior patterns.
Business Process Augmentation: AI improves workflows in industries like finance, insurance, and legal services, enhancing efficiency and decision-making.
As we've seen, generative AI isn't just a futuristic concept – it's already making waves across industries. But here's the million-dollar question: What does this mean for you and your business?
Think of gen AI as a powerful new tool in your business toolkit. Like any tool, its value lies in how you use it. Some companies are already sprinting ahead, using AI to supercharge their operations and outpace competitors. Others are still cautiously dipping their toes in the water. Where do you stand?
Read the full article here.
OTHER INTERESTING AI HIGHLIGHTS:
Canva expands with Leonardo AI
/Ben Wodecki, Jr. Editor on AI Business
Design application Canva announced plans to acquire the image generator and AI creative platform Leonardo AI. Canva plans to integrate Leonardo's Phoenix model into its Magic Media tool, enhancing AI image and video generation capabilities. Leonardo will continue to operate independently, building on its existing products while ensuring no user content is shared without opt-in. This acquisition follows Canva's purchase of the creative design platform Affinity in March.
Read more here.
Comparing Siri and ChatGPT Voice
/Ethan Mollick, One Useful Thing
Ethan Mollick discusses his experiences with ChatGPT's new Advanced Voice mode and the new AI-powered Siri. While Siri remains a privacy-focused Copilot, using a small AI model on-device, ChatGPT Voice offers a more powerful and interactive experience, demonstrating the divide between narrow, specialized AIs and more general, multimodal systems. This comparison highlights different philosophies in AI development, with implications for future AI interactions.
Read more here.
SOME AI TOOLS TO TRY OUT:
MaxAI.me: instantly compose, improve, summarize, translate, and reply to text with one click
Extruct: automate company research with AI for real-time data and customizable workflows
Toby: real-time speech translation for video calls across multiple languages and platforms
That’s a wrap on today’s Almost Daily craziness.
Catch us almost every day—almost! 😉
Leveraging AI for Enhanced Content: As part of our commitment to exploring new technologies, we used AI to help curate and refine our newsletters. This enriches our content and keeps us at the forefront of digital innovation, ensuring you stay informed with the latest trends and developments.
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