Welcome back, AI Enthusiasts!

Subscribe | Try Thareja.AI

In today’s AI summary rundown:

1. JPMorgan Introduces IndexGPT — A New AI-Powered Investment Tool to Navigate Wall Street: JPMorgan has unveiled IndexGPT, an innovative investment tool designed to leverage the power of artificial intelligence. Developed in collaboration with OpenAI's GPT-4 model, IndexGPT constructs thematic investment baskets by generating a curated list of keywords associated with specific themes. These keywords are then utilized by a separate natural language processing model to scan news and analyze relevant data, empowering investors with deeper insights and potentially more informed decision-making in the dynamic landscape of financial markets.

2. Tech Titans Amazon, Microsoft, and Alphabet Double Down on AI, Reap Cloud Revenue Rewards: Amazon, Microsoft, and Alphabet are making substantial investments in artificial intelligence, and their focus seems to be paying dividends, especially in their cloud divisions. Recent quarterly earnings reports have surpassed Wall Street's expectations, with AI playing a pivotal role in bolstering revenue streams within their cloud businesses. This strategic emphasis on AI technologies has not only fueled customer demand but also propelled the growth of their respective shares post-earnings, indicating a successful integration of AI strategies into their overall business models.

3. Spotify Considers Premium-Exclusive In-App Lyrics Feature Amid Subscription Price Hikes: Spotify is contemplating the introduction of in-app lyrics as a premium-only feature, potentially as part of its efforts to attract and retain paying subscribers. Users have noticed a change where lyrics now appear behind a paywall, signaling a potential shift in Spotify's subscription model. While this feature is currently in the testing phase, it aligns with Spotify's recent decision to increase subscription prices in various markets, indicating a broader strategy to enhance revenue streams and offer differentiated value propositions to its user base.
   

   Read time is 4 min..

Insight: Unveiling AI's Detective Power — Balancing Innovation with Responsibility

New technology is changing the way investigators hunt down wrongdoers. One of their latest allies? AI. This smart tech scours the internet to find clues, making detective work faster and easier. It's becoming increasingly popular, with Cybercheck being a standout example. This software has already been involved in around 8,000 cases across 40 states, as per NBC News.

However, not everyone is sold on Cybercheck.

• Legal experts are raising concerns. Sometimes it makes mistakes, and nobody really knows how its fancy algorithms function. The creator, Adam Mosher, has faced criticism for inconsistencies, like whether his platform underwent peer review.

• Another area of concern is emerging with Axon, a company known for making equipment for law enforcement, like tasers.

• They're rolling out an AI tool that can summarize body camera footage into text. But this has sparked worries about potential biases and inaccuracies.

Why does this matter so much? Well, unlike getting the wrong tip from ChatGPT, mistakes from AI platforms could have serious consequences. Civil liberties experts are worried. They stress that trusting a company to provide evidence that might lead to people going to prison is a huge deal.

As AI gets more advanced, we'll need to rethink when and how to use it. Microsoft, for instance, just updated its terms for Azure OpenAI Service. Now, police can't use it for facial recognition. It's all about finding the balance between harnessing the power of AI and making sure it's used responsibly.

AI Training: How To Create Your Own Assistant using OpenAI Assistants!

1. Gather Your Support Materials: Start by collecting all your product documents and customer support information. Make sure you remove any private or sensitive data.

2. Access the OpenAI Assistants Website: Visit the OpenAI Assistants website and sign in to your account.

3. Create Your Assistant: Click on the "Create" button. Give your assistant a name. In the "Instructions" field, write something like, "Your job is to help customers by answering their questions using the documents and support data provided."

4. Input Your Materials: Paste in all the product documents and support data you've gathered into the appropriate section.

5. Enable File Search (Optional): If you want your assistant to search through files, enable this option in the "Tools" section.

6. Finalize and Test: Once everything is set, click "Create". Then, head over to the "Playground" to test out your assistant.

That's it! You've now created a customer support assistant that can help users by providing answers based on the information you've provided.

Quirky AI Tools

1. ✅ Waxwing: 📊 Unlock the true potential of your data with Waxwing's real-time insights and AI-driven business profiling! 💼 Seamlessly transform raw data into actionable intelligence, empowering your business to make informed decisions and stay ahead of the curve. Say hello to a data-driven future with Waxwing by your side!

2. ✅ Wizardshot: 🧙‍♂️ Instantly craft AI-powered step-by-step tutorials with Wizardshot's magical prowess! 🎩 Whether you're a novice or an expert, creating tutorials is a breeze. Empower your audience with easy-to-follow guides, powered by cutting-edge AI technology. Let Wizardshot wave its wand and bring your tutorials to life in seconds!

3. ✅ Cubby: 📁 Dive into a private oasis for your files and links, enhanced with AI synthesis and annotation! 🔒 With Cubby, your workplace becomes a fortress of productivity, where you can organize, annotate, and synthesize content with ease. Experience the power of seamless collaboration and organization with Cubby's innovative features!

4. ✅ EverArt: 🎨 Unleash your creativity and train AI on any product, style, or mood board with EverArt! 🖌️ Whether you're designing fashion, interiors, or art, EverArt empowers you to explore endless possibilities. Train AI to understand your vision and bring it to life like never before. Step into a world of limitless creativity with EverArt at your fingertips!

Trending AI Startups

1. Metaspectral: 🌈 Metaspectral pioneers the future of computer vision, unlocking hidden insights invisible to the naked eye! 📸 Leveraging hyperspectral sensors and AI magic, we identify materials remotely, unveiling their chemical secrets in real-time. From aerospace to agriculture, our cloud-powered software revolutionizes industries by spotting defects and properties conventional cameras miss. Dive into the world of unseen wonders with Metaspectral.

2. DeepBrainzAI: 🚀 DeepBrainzAI unleashes the power of AI for modern enterprises, paving the way for unparalleled business transformation! 💼 Our Hybrid AI Cloud and Edge services empower decision-makers and developers to wield AI's might with 20x impact across sectors. Join the AI revolution and map your enterprise's path to success with DeepBrainzAI's cutting-edge technology.

3. Upstride: ⚡ UpStride supercharges deep learning with groundbreaking tech, setting a new standard for efficiency and performance! 🧠 Say goodbye to data struggles – our neural networks optimize learning, doing more with less data, training models faster, and deploying lighter solutions. Harness the power of "Hycor" datatype for seamless integration and elevate your deep learning game with UpStride's visionary approach!

4. Uptics: 📊 Uptics transforms sales chaos into streamlined success, empowering reps and businesses for peak performance! 💪 Say farewell to wasted time and burnout with our sales process automation. From onboarding to maintenance, we ensure reps stay efficient, businesses stay consistent, and sales soar to new heights. Join the Uptics revolution and conquer the sales landscape with confidence!

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: A cream and indigo print of a Cityscape surrounded by white birds, in the minimalist style.

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

p.s. if you want to sign up for this newsletter or share it with a friend or colleague, you can find us here

Try Thareja.AI: Time Tracking Software with Screenshots Capture

Sign up for Free

Automate: So you can focus on GROWTH! 

• Project Management

• Employee Tracking

• Desktop Screenshot Capture

• Productivity Coaching

• Proof of Work

• Timesheets

• Approvals

• Invoicing