Good morning, aspiring leaders of the next-gen! ☀️

🚀 Here’s what’s going on today in the AI space…

NASA, in partnership with IBM Research, has developed a new AI model called the Prithvi-weather-climate foundational model to enhance weather and climate predictions. Using extensive NASA data from the MERRA-2 analysis, this AI model aims to improve resolution in regional and local climate models significantly. It will help in detecting severe weather patterns, refining forecasts, and improving physical process representations in climate simulations. Developed collaboratively with Oak Ridge National Laboratory and several universities, the model emphasizes NASA's commitment to open science and will be released on the Hugging Face platform.

Google has expanded its AI-powered note-taking assistant, NotebookLM, to over 200 countries, including key markets like Australia, Brazil, Canada, India, and the U.K. Enhanced by Google’s Gemini 1.5 Pro, the tool now supports 108 languages and offers functionalities like generating summaries and answering queries directly from uploaded documents. New features include content sourcing from Google Slides and web URLs, and improved inline citations for more reliable fact-checking. Initially launched in the U.S., NotebookLM distinguishes itself by closely adhering to the sources provided, enhancing its utility for accurate information retrieval.

Greptile has secured $4M in funding to develop an AI-driven expert for coding databases. This initiative aims to enhance codebase management with advanced AI technologies.

Wix has introduced a new tool that leverages AI to enable users to create smartphone apps effortlessly. This innovation simplifies app development, making it accessible to users without extensive programming knowledge.

Alibaba's open-source Qwen 2-72B model has claimed the top spot on the Hugging Face Open LLM Leaderboard, outperforming competitors Mixtral and Llama-3 across various benchmarks.

Meta has introduced a new AI assistant for businesses on WhatsApp, alongside additional AI tools designed to aid businesses with customer interactions and sales.

Nvidia's market value has exceeded $3 trillion, propelling the AI chip leader past Apple to become the world's second-most valuable public company, trailing only Microsoft.

The U.S. government has initiated antitrust investigations into Microsoft, OpenAI, and Nvidia, with the FTC and DOJ reportedly scrutinizing monopolistic practices and investment activities.

Jasper AI has launched Flash Diffusion, a new technique for speeding up diffusion models, enabling faster, higher-quality image generation while cutting computing costs.

Social platform Cara has experienced explosive growth, increasing from 40,000 to 650,000 users in the past week. The artist-focused, anti-AI app has seen a surge in traffic amid a backlash against Meta's AI policies.

ByteDance(the company behind TikTok) is renting advanced Nvidia AI chips on U.S. soil, bypassing U.S. restrictions on AI chip exports to China.

• The U.S. prohibits Nvidia from selling AI chips like A100 and H100 to Chinese firms due to national security.

• ByteDance leases servers with these chips from Oracle in the U.S.

• Last month, ByteDance reportedly accessed over 1,500 H100 chips and thousands of A100s through this deal.

• Alibaba and Tencent are exploring similar methods, renting from U.S. providers or establishing U.S. data centers.

The AI race between the U.S. and China is intensifying, with major players finding ways to acquire AI chips despite restrictions.

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📔 #1 Insights This Week on AI. Click the Links to Read

“AI will be a driving force for economic growth and innovation in the coming decades.” – Erik Brynjolfsson

Institute for Human-Centered AI (HAI), and Director of the Stanford Digital Economy Lab. He also is the Ralph Landau Senior Fellow at the Stanford Institute for Economic Policy Research (SIEPR), a Professor by Courtesy at the Stanford Graduate School of Business and Stanford Department of Economics, and a Research Associate at the National Bureau of Economic Research (NBER).

⬆️ ️ Trends: How Businesses Implement AI

Understanding AI Adoption in US Firms: Key Insights from Recent Survey Data

The integration of artificial intelligence (AI) in business is transforming the economy, yet comprehensive data on its adoption across industries has been limited. To address this, a recent study leverages the Annual Business Survey (ABS) conducted by the US Census Bureau and the National Center for Science and Engineering Statistics. Here are the key takeaways from the study:

1. AI Adoption Rates:

   • As of 2017, just under 6% of US firms used AI in their operations.

   • Larger firms, particularly those with over 5,000 employees, showed a higher adoption rate, with employment-weighted adoption at over 18%.

   • Manufacturing and information sectors lead in AI adoption, with rates around 12%.

2. Technology Interdependencies:

   • Firms using AI often relied on digitized information and cloud computing, highlighting the complementary nature of these technologies.

   • AI and robotics frequently overlapped, with many firms using both in their production processes.

3. Young Firms Leading AI Use:

   • Younger firms were more likely to adopt AI, indicating a trend where startups play a crucial role in driving AI innovation and economic dynamism.

4. Characteristics of AI-Adopting Startups:

   • AI-using startups tend to have younger, highly educated, and experienced leaders.

   • These startups are often driven by high-growth potential, with many securing venture capital funding and focusing on innovation.

5. Geographic Concentration:

   • Early AI adoption is geographically concentrated, with notable activity in Silicon Valley, Nashville, San Antonio, Las Vegas, New Orleans, San Diego, and Tampa.

   • Emerging AI hubs are also identified in Riverside, Louisville, Columbus, Austin, and Atlanta.

6. Implications for the Future:

   • The early patterns of AI adoption suggest significant potential impacts on economic and organizational outcomes.

   • The clustering of AI use among large firms may reinforce existing dynamics, while geographic concentration raises concerns about a potential "digital divide."

This study provides the most extensive and detailed evidence on actual AI use in US firms to date, offering valuable insights into the factors shaping AI's economic and managerial impact.

For more detailed information and analysis, refer to the full study published in the Strategic Management Journal.

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⚡ ChatGPT Prompting

In summary, role play is a versatile tool that aids in learning, personal development, professional training, and therapy by providing a dynamic and interactive way to practice and understand complex situations and behaviors.

Here are some specific prompts for role play, tailored to different contexts:

Act as a {title} in the {industry} who is satisfied with
their current {competitor solution}.

Respond to a sales pitch summarizing the value
of {your product or service} and offering discounts
for new buyers.

{Title}'s role and responsibilities in the
{industry}:
Aspects of the competitor solution they are
content with:
Reasons for their satisfaction with the current
solution:
Any pain points or challenges they have faced:
Unique selling points or advantages of {your
product or service}:
Details of discounts or offers for new buyers:
• Preferred response tone or style:
• Potential objections or concerns:
• Desired response outcome or call to action:
• Specific elements or phrases from the sales
pitch to address:

⚡ Hands-on: Supercharge With AI Tools

Work smarter, not harder!

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It allows users to work with both raster and vector graphics without the need to download any software, directly from any web browser.

1. Open an Image

2. Use Editing Tools

   

3. Edit with Layers

4. Apply Adjustments and Filters

5. Save and Export Your Work

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I hope you find these resources helpful. Let me know if you have any questions, if there's anything else I can do to assist you, or what you would like to learn more about in AI.

Have an amazing day!

No more playing catch-up. It's time to GET AHEAD!!! 🚀🚀🚀

🙌🏼

Elena

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Here's the Disclaimer: None of what I share is financial advice. This newsletter is for convenience and educational purposes only and is not investment advice or a solicitation to buy or sell any NFTs, Crypto, AI, or anything else. Please do your research and consult with a pro.