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In today’s AI summary rundown:

1. Nvidia to Release New AI Chips Annually: Nvidia announced it will now develop new AI chips every year instead of every two years. This decision follows their $14 billion profit in a single quarter, driven by AI chip sales. CEO Jensen Huang emphasized that this accelerated timeline aims to maintain their competitive edge in the rapidly evolving AI market.

2. Truecaller and Microsoft Partner on AI Voice Calls: Truecaller, known for blocking spam calls, is teaming up with Microsoft’s Azure AI Speech. This partnership allows users to record their voice, which Azure AI will then use to create an AI version. This new feature will help Truecaller users handle calls with a personalized AI assistant.

3. OpenAI Strikes $250M Deal with News Corp: OpenAI has entered a significant deal with News Corp, the owner of The Wall Street Journal, New York Post, and more. This agreement, potentially worth over $250 million in five years, involves licensing content and includes cash and credits for using OpenAI technology, enhancing both companies' AI capabilities.

4. OpenAI Faces Legal Issues with Scarlett Johansson: OpenAI might be in legal trouble for creating a ChatGPT voice that closely resembles Scarlett Johansson's. Lawyers say that whether intentional or not, this could lead to intellectual property issues. The situation is worsened by OpenAI’s CEO acknowledging the similarities, which may have legal repercussions.

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Insight: How to Build Your Team’s Skills in AI and ML

Essential Skills for AI and ML

Artificial intelligence (AI), machine learning (ML), and natural language processing (NLP) all rely on training algorithms with large data sets to create models for complex tasks. Different AI roles, like ML engineering and NLP engineering, require many of the same core skills. CodeSignal’s Talent Science team, along with technical experts, have identified these essential skills for AI engineering roles:

• ML Engineering Skills: Proficiency in programming, understanding of algorithms, data processing, and model building.

• NLP Engineering Skills: Expertise in linguistics, text processing, sentiment analysis, and language model creation.

Developing AI Skills on Your Teams

A McKinsey report highlights that upskilling and reskilling are key strategies for filling AI skills gaps. Alexander Sukharevsky, Senior Partner at McKinsey, states, “Reskilling existing employees is the most popular strategy among all respondents.” Nearly half of the surveyed companies are focusing on this approach to source AI talent.

Components of Effective Skills Development

Effective corporate learning programs often rely on traditional classroom models, where a single teacher instructs many learners. Typically, employees choose programs with little initial guidance. These courses usually deliver lessons through videos, followed by quizzes to assess knowledge retention. For AI and ML skill development, this method needs to be dynamic and interactive to effectively build expertise.

Conclusion

The demand for AI and ML engineers is rapidly increasing as AI technologies become essential across various industries. To fill AI and ML skills gaps, companies must invest in upskilling and reskilling their technical teams. By focusing on developing these crucial skills, organizations can ensure they stay competitive and innovative in the evolving tech landscape.

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 use Anthropic’s new prompt engineering tool!

1. Access Anthropic’s Console:

   Visit Anthropic’s Console and sign up or log in with your account.

2. Generate a Prompt:

   Once logged in, select the ‘Generate a prompt’ option to open the prompt creation interface.

3. Describe Your Goal:

   In the provided text box, clearly describe your goal or the task you need help with. Be specific to get the best results.

4. Generate the Prompt:

   Click on ‘Generate Prompt’ to let Anthropic create an optimized prompt tailored to your goal.

5. Edit the Prompt:

   Select ‘Start Editing’ to customize the generated prompt. Replace any placeholders like {variables} with your specific details.

6. Run the Prompt:

   After editing, click ‘Run’ to use your newly crafted prompt in a chat.

7. Refine as Needed:

   If necessary, you can further refine the prompt based on the chat results to better meet your needs.

With these steps, you can efficiently create and utilize optimized prompts to achieve your specific goals using Anthropic’s advanced tool.

Quirky AI Tools

1. Trustible: 🔒🤖 Trustible is your go-to platform for AI Governance! It emphasizes the importance of documentation, management, and reporting to build trust and minimize AI-related risks. 🛡️📊 With Trustible, you get a centralized system to manage AI applications, understand risk exposure, adopt regulatory frameworks, and improve collaboration between compliance and AI/ML teams. 🌟🤝 Keep your AI projects safe, compliant, and trustworthy with Trustible! 💼✨

2. EVITA: 🎤🌟 EVITA takes your singing lessons to the next level with AI! 🎶✨ Just upload a recording of your singing lesson, and EVITA analyzes every detail of your performance. 📈🎧 It provides a detailed summary, actionable development tips, and improvement comparisons. 🚀🎤 Whether you're a beginner or a pro, EVITA helps you shine by highlighting areas for growth and tracking your progress. 🌟🎵

3. Denota: 🦷📑 Denota transforms dental record-keeping with AI! 🚀✨ This innovative platform automates the creation of detailed, compliant dental notes, saving time and enhancing accuracy. 🕒🖋️ Dental professionals can simply enter key treatment details, and Denota generates comprehensive, professional notes in seconds. 🌟📋 Ensure all necessary information is captured efficiently and accurately with Denota, revolutionizing your dental practice! 🦷💼

Trending AI Startups

1. 7 Chord: 💼📊 7 Chord is a cutting-edge fintech startup based in NYC! Their award-winning BondDroid, a real-time dynamic pricing engine, helps buyers and sellers optimize profits and manage inventory by providing market-relevant prices. 📈💡 In today's volatile world, with geopolitical conflicts, supply chain disruptions, and labor market shortages, BondDroid ensures you always have the latest pricing info at your fingertips. 🌍🔄 Stay ahead of the curve with 7 Chord! 🚀💰

2. YouLand: 🏡💵 YouLand is one of the largest private lenders for residential real estate investors in the US! They leverage data and technology to streamline and speed up capital access for REIs. 🏘️🔧 By revitalizing aged U.S. housing stock, YouLand helps create move-in-ready homes and rental properties for millions of Americans. 🚀🏠 Simplify your real estate investment journey with YouLand's innovative solutions! 💡📈

3. EveryThink: 🚀📈 EveryThink is revolutionizing real-time business solutions! Their platform delivers personalized recommendations at digital speeds, boosting engagement and revenue. 🤖💬 EveryThink automates workflows, processes, and products, creating 3D virtual concierges to assist users. 🌟👥 From prospects to employees and suppliers, EveryThink provides tailored solutions for all types of daily users, driving efficiency and growth. 🌐🔧 Empower your business with EveryThink! 💼✨

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: Generate a captivating AI-rendered image featuring the old port entrance in Normandy, France with an industrial lighthouse on top of its pier.

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]

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Until next time!

Dhiraj

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