Generative AI: The Game-Changer for Businesses

💡AI TRIVIA

We have a name for everything. Colors that don’t really sound like a color (I’m talking to you Pervenche, and Drake’s Neck), to scents that sound like a concept (Don’t scroll down Cool Sports Rush and Championship Adrenaline). We, as humans thought we’ve seen it all. But generative AI breaks the mold and continues to create, recreate, and produce never-before-seen ideas. Sure, it can make a cohesive story or painting that rival those that went to art school. Now, Generative AI can code effectively decreasing workload making more apps, and making work, business and life altogether easier.

📈 AI See You: Trends and News

Generative AI is a game-changer. Ever since the introduction, the world felt “where has this been all my life?” effectively increasing productivity for businesses and companies. Here’s a breakdown of the groundbreaking AI news that you might have missed.

Google I/O

Google I/O wowed us with huge updates. AI tools now speed up photo editing and translation. Google Maps offers stunning immersive views. Smart homes got smarter with improved integration. Wear OS is now faster, promising a great smartwatch experience.

OpenAI Updates

Meet GPT-4o, your smarter chat buddy! Free ChatGPT users can now enjoy quicker replies, sharper insights, and smoother chats. Brainstorming, solving puzzles, or just chatting feels effortless with GPT-4o.

AWS' Efforts

AWS introduced five new tools to simplify generative AI. These include easy interfaces, strong APIs, and smart machine learning models. Whether you're a developer or beginner, you can now create smarter apps. AWS wants everyone to access AI.

Let’s get down to business. This is how AI can completely change the face of businesses and how they operate.

1.) Make something out of a keyboard

Know about OpenAI and chatbots? Now, with a few tweaks, you can create a YouTube video in under 15 seconds. It comes with videos, a voiceover in any language, and even an AI version of you talking. Imagine that!

2.) Streamline work processes.

AI is in tools like Notion and Asana, but adding a chatbot makes it even better. Now you can find anything in seconds, streamlining work so you can focus on tasks instead of organizing.

3.) Record anything, anywhere.

Notetaking apps like Fathom are already present. But how about when you take a business call? AI can now transcribe, summarize, and have a bulleted breakdown list of what you talked about. Never miss a beat, and never miss a point. Stay on top of everything, all at once.

👔 Who uses Generative AI?

Generative AI isn't just for techies. Artists use it for stunning visuals and music. Writers speed up content creation. Businesses create 24/7 chatbots for customer service. Healthcare pros use it for diagnosis and treatment plans. Got a creative or data-heavy task? Generative AI's got you covered:

1.) Logistics and Transportation

Generative AI can turn satellite images into detailed maps, revealing previously unknown locations. This is especially useful for logistics and transportation companies navigating unfamiliar areas.

2.) Marketing and Ads

Generative AI can break down customer groups and forecast how each will respond to ads and marketing efforts. This helps businesses target the right people and boost sales.

3.) Commerce and eCommerce

Generative AI can boost customer satisfaction by sending personalized emails or online messages with products that match shoppers' interests. It also spots potential fraud in customer communications, like phishing attempts.

🔧 AI Tools Spotlight

Generative AI tools are shaking up the tech scene, and here are some new contenders you should keep an eye on:

1.) Google I/O’s Project Astra

Project Astra is Google’s latest step toward enhancing its AI assistant, developed by the DeepMind AI team. While it's just a prototype now, think of it as Google aiming to create its own version of Tony Stark’s J.A.R.V.I.S. from the Marvel Universe.

In the demo video at Google I/O, the assistant used video and audio, not a chatbot interface, to help users locate their glasses, review code, and identify parts of a speaker shown in the video.

It is mentioned that Project Astra is expected to launch in Gemini later this year.

2.) Open AI’s GPT-4o

GPT-4o is our newest model, offering GPT-4 intelligence but faster, with enhanced text, voice, and vision capabilities.

It excels at interpreting and discussing images. Snap a pic of a foreign menu, and GPT-4o translates it, explains the dishes, and gives tips. Soon, you'll chat by voice or engage in real-time video chats. Imagine showing it a sports game and getting the rules explained.

To make advanced AI more accessible, GPT-4o's language skills are faster and better. ChatGPT now supports over 50 languages for sign-up, login, and user settings.

3.) AWS’ Amazon Q business

Even if you're not a techie, no worries. Amazon Q Apps from Amazon Q Business has your back. It helps with tasks like software development, data insights, and content creation using generative AI. Just describe what you need, and Q will create an AI-powered app in seconds. Need to summarize meeting points or draft corporate docs? Q will handle it for you now and in the future.

💡 Pro Tip of the Day: Practice Prompts

Want to sharpen your writing skills? Practice prompts are your personal trainers. They push you, challenge you, and keep you on your toes. Think of them as a Swiss Army knife for writers – versatile and handy. Each prompt is an adventure waiting to unfold, sparking creativity and refining your craft. Set aside a few minutes daily to tackle a new prompt. It’s like hitting the gym but for your brain.

Give Generative AI a personality. Treat it like a friend, or a chatmate. It’s called a chatbot for a reason!

🚀 Quick Wins

They say you win some, you lose some. Sure enough, but with AI you definitely win more.

• The Rise of Prompt Engineering: Since AI has a place in most industries, there is a growing need for special prompts catered to the diverse needs of businesses. Hence, people who can create better prompts more suited to their needs.

• Amazon’s Efforts: One common problem encountered on using AI is that people think, “they can’t AI”. So Amazon is currently training 31 million people on cloud computing, and the number is growing.

• Customized Preferences: With AI you get better selections with easier access. This is because generative AI processes massive amounts of data to show you what you want, with uncanny timing

🔥 Hot Takes

The question stands now more than ever, “Will AI replace me at my job?” Short and fast answer, no. AI still needs the human touch to function, and again the magic from Prompt Engineers. But the people who refuse to do, use, and learn AI will eventually start to fall through the cracks.

The tools don’t make the man, the man makes the tools.

💬 Experts Say

We may not have flying cars yet, but we’re almost there.

🤔 Intrigued by AI's Potential, But Unsure of the Next Step?

We get it! This issue might have you brimming with possibilities, but where do you begin? The AI StandUp is made with ❤️ by The BrainTrust and we are here to bridge the gap. Head over to our website, or simply reply to this email with your specific questions. Let's turn your AI curiosity into a game-changing reality.

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