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

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

(We are passionate about sharing AI tools, insights, and important news to busy leaders about AI in 5 minutes or less a day because AI is changing so fast, indeed if you don’t want to receive these AI updates you can simply reply with STOP to this email)

OpenAI has recently launched GPT-4o Mini

an innovative AI model designed to be more cost-effective and faster than its predecessors. This model is specifically tailored for developers, with plans to extend its availability to enterprise users shortly.

The GPT-4o Mini model significantly enhances the ability to reason and process tasks involving both text and vision. Its efficiency and speed come at a much lower cost compared to previous models, making it a highly attractive option for a wider range of users and applications.

One of the standout features of GPT-4o Mini is its support for future expansions into video and audio functionalities. This forward-thinking capability aims to broaden the model's utility, making advanced AI technologies more accessible and versatile for global users.

By integrating these features, OpenAI is not only advancing the state of AI but also ensuring that these advancements are within reach for a broader audience. The introduction of GPT-4o Mini marks a significant step towards democratizing AI, providing powerful tools to developers and enterprises alike without the prohibitive costs that have historically been associated with cutting-edge AI technology. Read more

SoundHound AI stock fell significantly today amidst a broader tech sector sell-off

driven by geopolitical concerns involving the U.S., China, and Taiwan. The company's reliance on growth from AI technologies makes it particularly sensitive to these issues. Despite the day's losses, SoundHound AI's stock is still substantially up for the year. The market's volatility, particularly in tech, is likely to persist given the ongoing geopolitical tensions affecting the semiconductor industry, crucial for AI advancements. Read more

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

Rodney Allen Brooks is an Australian roboticist, Fellow of the Australian Academy of Science, author, and robotics entrepreneur, most known for popularizing the actionist approach to robotics.

⬆️ ️ Trends: How Businesses Implement AI

Wittaya Aqua, a Canadian startup, uses AI to enhance seafood farming. With global aquaculture production at a record high, 89% is for direct human consumption. Wittaya Aqua's platform boosts profitability, sustainability, and efficiency by consolidating data across the seafood supply chain. The startup raised $2.8 million in seed funding to advance its platform and expand into Asia, a major aquaculture region.

Founded by Evan Hall and Dominique Bureau in 2017, Wittaya Aqua addresses data inefficiencies in the industry. Its platform leverages AI and machine learning to improve predictive analytics, recommending optimal feed types and quantities based on real-time data. By centralizing data from various supply chain points, it provides actionable insights for better decision-making.

Wittaya Aqua's users include ingredient suppliers, feed mills, and farmers. In the revenue-generation stage, it has customers like BioMar, De Heus, and AquaChile. Competing with providers like Fieldin and eFishery, Wittaya Aqua stands out by combining nutritional information with field performance. It aims to reduce credit or insurance risks and connect users with financial products.

🛸Let’s Teleport in The Future

UK Government Considers Regulation of Advanced AI Models

Key Points:

• The UK government is exploring regulatory measures for powerful AI models.

• No specific legislation has been proposed yet.

• This approach differs from the previous government's stance on AI regulation.

The current UK government, led by Prime Minister Keir Starmer, is examining potential regulations for advanced artificial intelligence models. While no concrete laws have been proposed, the government has indicated its intention to establish rules for developers working on the most sophisticated AI systems.

In a recent parliamentary session, the government outlined an agenda featuring over 35 new bills addressing various issues, including AI regulation alongside topics such as housing and cybersecurity.

This approach marks a shift from the previous administration under Prime Minister Rishi Sunak. The former government focused on positioning Britain as a leader in AI safety, establishing the world's first AI Safety Institute to study advanced AI models like OpenAI's ChatGPT. However, it opted against implementing targeted AI regulations, instead distributing oversight responsibilities among existing regulators.

The new administration's cautious approach to introducing AI legislation has sparked debate among experts. Some, like Gaia Marcus, director of the Ada Lovelace Institute, argue for swift action. Marcus emphasizes that AI systems are already impacting daily life, public services, and the economy, bringing both benefits and potential risks.

As AI technology continues to evolve rapidly, the UK government's approach to regulation remains a topic of ongoing discussion and development.

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⚡ Prompting

7. Your Cultural Navigator

You are touring a new city and see something interesting. Naturally, you want to learn more about it and the local culture, so you ask your AI guide, GPT-4o.

I’m very ignorant when it comes to Chinese religious culture, but I do want to learn more about it. So, in my case, I prompted GPT-4o with this photo.

As you can see, GPT can be quite a cultural expert and explained the photo below very well. If you are Chinese, please let me know if the AI was accurate!

Who would have said that an AI model could be your cultural expert?

⚡ Hands-on: Supercharge With AI Tools

Work smarter, not harder!

Introduction to Hootsuite: Hootsuite is a leading social media management platform designed to help you save time and achieve real results on social media. It offers a range of features including social listening, analytics, and content scheduling to help businesses of all sizes manage their social media presence effectively.

Steps to Use Hootsuite:

1. Sign Up or Log In:

   • Create a Hootsuite account or log in if you already have one.

2. Set Up Social Profiles:

   • Connect your social media accounts to Hootsuite.

3. Create Content:

   • Use the content creation tools to write and design your posts.

4. Schedule Posts:

   • Schedule your posts to be published at optimal times.

5. Engage with Audience:

   • Monitor and respond to comments and messages from your dashboard.

6. Analyze Performance:

   • Use the analytics tools to track the performance of your posts and campaigns.

7. Use Social Listening:

   • Utilize the social listening feature to monitor brand mentions and industry trends.

Outro: Hootsuite simplifies social media management by providing tools to create, schedule, and analyze your content. It helps businesses increase their reach, improve engagement, and drive more revenue from social media. Start using Hootsuite today to streamline your social media efforts and achieve your business goals.

Visit Hootsuite: →  https://www.hootsuite.com/

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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