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In today’s AI summary rundown:

1. Retail AI Revolution: A recent Nvidia survey reveals that 98% of retailers are planning to invest in AI technology within the next 18 months. This trend indicates a shift in the retail industry towards embracing generative AI to create innovative solutions. The research highlights AI's beneficial impact on revenue and operational costs. Retailers are focusing on AI for store analytics, personalized customer recommendations, and preventing losses. Initially, many used ready-made AI models like GPT-4, but there's a growing trend to develop custom AI models using a company's data on top of existing foundational models.

2. Fox Corp. Introduces Verify: Fox Corp., a major U.S. media conglomerate, has launched a blockchain-based platform called Verify. This platform aims to monitor the online usage of their content. Verify Protocol, the technology behind it, is pivotal for Fox Corp. as it plans to license its vast content library - including Fox News, Fox Sports, and Fox Entertainment - to AI companies. The company is also discussing the use of this platform with other media firms, indicating its potential to provide an advantage in negotiations with AI firms.

3. AI-Generated Deepfake Scam: Fans have been misled by AI-generated ads featuring a lookalike of Taylor Swift endorsing a fake Le Creuset cookware giveaway. Despite Swift's popularity with the brand, she has no official connection to Le Creuset. These deceptive ads, appearing on Facebook and other social media, use a "deepfake" – a highly realistic but fake portrayal of Swift created by AI. This technology replicates her voice and image using machine learning and existing audio and video clips, creating convincing but fraudulent content. These scams demonstrate the misuse of AI in creating false representations of public figures.

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Insight: Rabbit's r1, Revolutionizing Tech with AI-Powered Simplicity!

Rabbit, a new tech company, has just revealed their latest product, the r1 - an innovative mobile device that's changing how we use technology. Unlike typical smartphones that rely on multiple apps, the r1 uses advanced AI to make things simpler and more intuitive for users.

Here's what makes the r1 special:

• It's a standalone device, meaning you don't need to connect it to a phone or computer.

• It runs on a powerful AI system called the "Large Action Model."

• The r1 has a touchscreen, a button for voice commands, a scroll wheel for easy navigation, microphones, speakers, and a unique rotating camera.

• It supports Bluetooth and WiFi and even has a slot for a SIM card.

The CEO of Rabbit, Jesse Lyu, demonstrated the r1 in a launch video. He showed how easy it is to use - just press a button and ask it anything, from philosophical questions to the latest stock prices or movie recommendations. The device answers with voice and also displays text and images on its screen.

The r1 works with popular apps like Spotify and Uber, allowing you to play music or book a ride directly through the device. It can even handle complex tasks like planning and booking a trip, all by itself.

What's cool is the r1's camera. It's AI-enabled, meaning it can recognize objects and perform tasks based on what it sees. For example, it can suggest recipes based on the contents of your fridge or help edit documents.

Rabbit is also developing a feature called "teach rabbit," where users can train the r1 to perform specific tasks.

The r1 is priced at $199, with no ongoing subscription fees. It's available for pre-order on Rabbit's website. This device is a glimpse into a future where technology is more accessible and integrated into our daily lives.

AI Training: Tutorial of the Day

Today, let's dive into a quick and fun tutorial on how you can harness the power of AI to spark your creativity. We're going to ask for some strategic advice for any innovation we might want to delve into.

1. Select a Theme: Choose a theme that sparks your interest, be it a social media strategy or ideas for an article about your favorite topic.

2. Craft a Prompt: Develop a detailed prompt, like "Generate 5 innovative ideas on [specific topic]."

3. Pick an AI Tool: Explore user-friendly AI text generators like ChatGPT or Copy AI to bring your prompt to life.

4. Input Your Prompt: Feed your crafted prompt into the chosen AI tool and watch the creativity unfold!

5. Refine the Result: Within moments, explore and tweak your output as needed. Share it in our community or use it as inspiration for your projects! Remember, the more detailed your prompt, the more impressive the AI-generated results!

Prompt: List the top 5 emerging trends in technology for the year 2024.

Output: Here are five technology trends that were expected to gain significant traction:

• Artificial Intelligence and Machine Learning: Continual advancements in AI and ML were expected to keep them at the forefront of technology trends. This includes improvements in natural language processing, predictive analytics, and automation.

• Quantum Computing: Quantum computing was anticipated to make more significant strides, particularly in sectors like cryptography, materials science, and complex system modeling.

• Internet of Things (IoT) and Smart Devices: The expansion of IoT, with more connected devices and smart technologies, was projected to continue, impacting everything from home automation to industrial IoT.

• 5G and Enhanced Connectivity: The rollout of 5G networks was expected to accelerate, offering faster, more reliable internet connections that could enable new applications in virtual reality, augmented reality, and the IoT.

• Blockchain and Decentralized Finance (DeFi): Beyond cryptocurrencies, blockchain technology was anticipated to find broader applications in areas like supply chain management, digital identity, and decentralized finance platforms.

These trends represent ongoing shifts in technology and are subject to change as new developments emerge. For the very latest trends, it's advisable to consult recent technology news or reports.

Remember, the key is to be as descriptive as possible in your prompts. AI tools are great at following detailed instructions, so the more vivid your description, the better your results!

Quirky AI Tools

1. Tailor Brands: 🎨 Tailor Brands is an AI-powered logo design tool, ideal for creating unique, professional logos with ease. It offers a plethora of customizable designs 🌈, ensuring each logo mirrors the user's brand personality. Users receive high-resolution files in various formats 📁, perfect for all branding needs, from websites to billboards. Tailor Brands also provides social media-ready logos 📱, along with a suite of branded assets like a brand book 📚 and business cards 🃏, ensuring a unified brand identity. Beyond logo creation, it features customer support 🤝, tools for website creation 🌐, digital business cards, branded merchandise 🛍️, and LLC formation services 🏢.

2. Krisp: 📢 Krisp AI acts as a personal AI assistant to boost online meeting productivity. It enhances clear communication through advanced noise cancellation 🚫🔊 and accent localization 🌍. Its key features include AI-powered voice clarity 🔊, eliminating background noise and echo, and a background voice cancellation feature for a focused meeting environment 🤫. The AI Meeting Assistant is a gem, providing automatic transcriptions, meeting notes, and summaries 📝. Prioritizing privacy and security 🔒, Krisp processes voice data on the user's device.

3. Craiyon: 🖼️ Craiyon is an innovative AI tool that generates high-quality images from text descriptions, transforming visual content creation. It offers various style options 🖌️, enabling users to create images in art, drawing, photo styles, or without any specific style. The negative words filter 🚫 helps avoid unwanted content, while the enhanced option boosts image resolution 🔍. For an upgraded experience, Craiyon Pro provides faster image generation, no watermarks, and an ad-free experience 🚀. Additionally, users can connect with the Craiyon AI community on Discord 💬 and stay informed about new features through a newsletter 📰.

Trending AI Startups

1. Lynx Tech: 🛡️ Lynx Tech specializes in AI-powered tools to fight fraud and money laundering. Their products keep an eye on user behavior, offer precise risk scores, and ensure complete safety. They also maintain and support their systems in real-time, including unique features like device fingerprinting and analyzing interactions. This helps businesses conduct secure, low-risk transactions effortlessly.

2. AI-Build: 🏗️ Based in London, AI Build is revolutionizing the Additive Manufacturing industry with its Software-as-a-Service offering. They serve major clients in sectors like Aerospace, Automotive, and Construction. Their software automates the 3D printing process, enhancing speed, quality, and scalability. Partnered with top hardware manufacturers and supported by leading investors, AI Build is a game-changer in manufacturing efficiency.

3. Builder.ai: 📱 Builder.ai is revolutionizing app development. They offer a platform where you can simply order the app you want, without the hassle of managing developers, learning coding platforms, or searching for freelancers. It's an all-in-one solution for turning ideas into fully functioning apps, perfect for businesses and individual innovators alike.

4. Comply Advantage: 💼 Founded in 2014, ComplyAdvantage uses AI, machine learning, and natural language processing to provide RegTech solutions. They help businesses navigate and comply with AML (Anti-Money Laundering) and fraud regulations. Their software identifies and manages risks, helping organizations stay on top of regulatory requirements and combat financial crimes effectively.

These startups are at the forefront of AI innovation, offering a range of services and technologies that are shaping the future of various industries.

AI-Generated Image of the Day

Prompt: Imagine a serene sunset on a majestic mountaintop. The sky is ablaze with vibrant hues of orange, pink, and purple, casting a warm glow over the rugged terrain. In the foreground, a lone person is walking along a narrow, rocky path. This person is dressed in hiking attire - a light jacket, sturdy boots, and a backpack. Their silhouette is outlined against the colorful sky, suggesting a sense of adventure and solitude. The surrounding landscape is a mix of jagged rocks and sparse vegetation, typical of a high mountain environment. The sun is just touching the horizon, creating long shadows and a feeling of tranquility and awe at nature's beauty.

Tip: the more specific the better

Question of the Day

Today’s Meme 

That’s a Wrap 

That’s it for today’s news in the world of AI!

If you have anything interesting to share, please reach out to us by sending us a DM on Twitter: @dthareja or email me at [email protected]

How was today's newsletter?

Thanks for reading.

Until next time!

Dhiraj

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