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

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

Finbourne taps $70M for tech that turns financial data dust into AI gold: Finbourne, a London-based startup, has secured £55 million ($70 million) in funding to enhance its financial data management platform. This technology aids financial companies in better organizing and utilizing their data for AI and other analytical models. Highland Europe and AVP are leading this Series B round, which now values Finbourne at about £280 million ($356 million). The company's growth signifies a shift towards specialized external platforms in financial operations, similar to how businesses use Salesforce for customer relationship management. Finbourne's success reflects a broader trend of integrating AI in financial services, emphasizing efficiency and advanced data management strategies.

DeepMind’s new AI generates soundtracks and dialogue for videos: Google's AI research arm, DeepMind, is developing technology called V2A ("video-to-audio") that generates soundtracks, sound effects, and dialogue for videos, enhancing the realism of AI-generated media. This innovative tech aims to sync audio seamlessly with visual content, addressing the challenge that current video-generating AI models primarily produce silent films. DeepMind's approach uses a diffusion model trained on diverse data sets, including audio and video clips, to create audio that corresponds with visual elements and scenarios described in video annotations. This development could significantly impact content creation, providing a tool for archivists and filmmakers to bring static and silent visuals to life with authentic-sounding audio tracks.

Perplexity AI searches for users in Japan, via SoftBank deal: Perplexity AI, an ambitious AI search engine, is expanding its user base in Japan through a strategic partnership with SoftBank. Starting June 19, SoftBank and its mobile operations, Y!mobile and LINEMO, will offer free one-year subscriptions to Perplexity's premium service, Perplexity Pro. This initiative is part of Perplexity's broader strategy to penetrate international markets and generate revenue from its paid tiers while leveraging SoftBank's vast network to enhance its technological offerings. The collaboration also reflects the trend of mobile carriers partnering with AI firms to attract users and expand their services without the direct cost of developing in-house AI capabilities. Additionally, SoftBank continues to explore AI investments, potentially integrating Perplexity's capabilities with its other business ventures and AI ambitions.

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📔 #1 Insights Today on AI.

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Max Erik Tegmark is a Swedish-American physicist, machine learning researcher, and author. He is best known for his book Life 3.0 about what the world might look like as artificial intelligence continues to improve.

⬆️ ️ Trends: How Businesses Implement AI

Here’s how AI is transforming the customer shopping experience: It personalizes product recommendations based on consumer behavior and preferences, enhances customer service with AI-powered chatbots that provide instant support, and optimizes inventory management through predictive analytics, ultimately leading to increased customer satisfaction and loyalty.

Walmart is transforming how customers shop by leveraging Generative AI to simplify the process of finding products and making confident purchase decisions. This innovative approach builds on Walmart’s long-standing use of AI and machine learning to enhance retail experiences.

Harnessing AI for Personalized Shopping

For years, Walmart has utilized AI and Natural Language Processing (NLP) models tailored to understand retail-specific language. This expertise, refined over six decades, helps predict customer needs and personalize shopping experiences across various regions and preferences. Walmart’s AI models, developed in collaboration with OpenAI, allow for responses that are finely tuned to the nuances of Walmart’s extensive product catalog.

Simplifying Searches with AI

Consider an average family spending nearly six hours a week on household shopping. Walmart’s Generative AI Search aims to turn this time into quality family moments. Previously, a customer might search for multiple items separately, but now a single prompt like “Help me plan a football watch party” can generate a comprehensive list of needed products, saving significant time and effort.

How GenAI Search Works

Walmart’s GenAI understands the customer’s intent from their queries and engagement, categorizing products into distinct, comprehensive groups. This method, following the ‘Mutually Exclusive, Collectively Exhaustive (MECE)’ principle, ensures all customer needs are met without overlap or gaps.

Additionally, GenAI aids decision-making by highlighting key product features and testing features like condensing customer reviews into concise summaries, making it easier for shoppers to understand product benefits quickly.

The Future of Retail with GenAI

Walmart's goal with GenAI Search is to give customers more time to enjoy life by reducing the time spent on searching and shopping. This AI-powered experience positions Walmart as a partner in achieving customers’ broader goals, making shopping more efficient and enjoyable.

Currently available on the Walmart iOS shopping app in the U.S., GenAI Search will soon expand to Android and web platforms. As customers use and interact with this tool, Walmart continues to refine and enhance the experience, further solidifying its place as a leader in retail innovation.

🛸 Let’s Teleport in The Future

AI and The Future

AI TRiSM

AI TRiSM stands for Artificial Intelligence Trust, Risk, and Security Management. It is a framework designed to assist organizations in managing the risks associated with developing and deploying AI models.

AI TRiSM focuses on five crucial areas:

1. Explainability: It helps organizations comprehend how their AI models make decisions and detect potential biases.

2. ModelOps: Like any other software system, AI models require management and maintenance. AI TRiSM offers tools and processes to automate and monitor the AI models' lifecycle.

3. Data Anomaly Detection: AI models rely on data for training; if the data is flawed, the outputs will be unsatisfactory. AI TRiSM aids in identifying and addressing data anomalies that could cause errors in AI models.

4. Adversarial Attack Resistance: It provides tools and techniques to defend against adversarial attacks on AI models.

5. Data Protection: Given that AI models often handle sensitive personal data, AI TRiSM helps organizations comply with data privacy regulations and safeguard individual privacy.

As organizations increasingly adopt AI, the importance of AI TRiSM grows. According to Gartner, by 2026, companies utilizing AI TRiSM to manage their AI systems will significantly improve decision-making by eliminating 80% of inaccurate or fake data.

Intelligent apps & AI for personalization

If you read any recent articles on fintech predictions, the future of banking, or digital health trends for 2024, you’ll notice the frequent mention of “personalization.” This term is becoming increasingly prominent due to the transformative impact of AI on technology interaction, especially in the area of personalization.

According to Gartner’s report, by 2026, a third of all new apps will incorporate AI to create personalized and adaptive user interfaces. This marks a significant rise from the current state, where only about 5% of apps utilize AI in this manner.

Why is this trending?

By employing AI algorithms to analyze user data and preferences, intelligent apps can customize the content, recommendations, and user experiences for each individual.

AI-driven personalization greatly enhances user engagement and conversion rates. A study by McKinsey found that companies excelling in personalization generate 40% more revenue from these activities compared to average performers. This is because personalized recommendations closely align with a user’s interests, increasing the likelihood of them clicking on and purchasing a product.

🏟️ Most Important AI Events

🚀🚀 Ticket Giveaway Alert: Black Tie Event Kickoff! 🚀🚀

🚨 Attention🚨

The Collective is giving away 2 tickets to the exclusive Black Tie Event kicking off the 3-day Miami Mastermind, "Navigating the Grand Acceleration," on June 21st in Miami!

 🌟 This is your chance to join a high-caliber networking event at a luxury and exclusive space in Miami.

🔥 How to Enter:

 Event Highlights: 

- Networking & Cocktail Hour: Join an evening of elegance, innovation, and high-level networking.

- AI Sessions: Gain insights from top AI experts on "Navigating The Grand AI Acceleration."

- Expand Your Network: Meet 7, 8, and 9-figure entrepreneurs, investors, and technologists.

- Entertainment expanding the networking and brilliant minds clashing at this vital time in history!!!

 Then for the weekend: Saturday & Sunday 

- Pitch Competition: Watch or participate in a high-stakes pitch competition.

- Speaking sessions and mastermind on AI, time & mind hacking, and peak performance

- Mental Reprogramming Session: Led by William Lamb, the one million dollar 1-on-1 coach.

Why You Can't-Miss This Giveaway:

- Exclusive Access: Limited to 100-150 elite attendees. Who's who of Miami and people flying in from all over the country.

- Future-Focused: Be part of groundbreaking discussions on AI, tech, and business innovation.

- Transformative Experience: be part of the visionaries forging forward a new path for humanity.

Questions? Text Fabian at 954-325-0527 with "Learn More" for details on events or how we can help you get to the next level! (And no... he not an AI 🤣)

Don't Miss Out!

The Collective

⚡ ChatGPT Prompting

SEO (Search Engine Optimization) is crucial for businesses because it enhances their online visibility, driving organic traffic to their websites. By appearing higher in search engine results, businesses can attract more potential customers, leading to increased brand awareness, credibility, and sales. Effective SEO strategies can also improve user experience, making it easier for visitors to navigate and find information on a website. Ultimately, this can result in higher conversion rates and a better return on investment (ROI).

Provide the following info to ChatGPT for context:

Product category:

Other products you sell:

Length of description:

Product variants, if any:

Write an SEO-optimised
description for [PRODUCT].
Using appropriate H tags,
include primary keywords like
[KEYWORDS] and secondary
keywords [SECONDARY KEYWORDS].
The description should be
engaging, informative, and
highlight the benefits of the
product while seamlessly
integrating the keywords for
better search engine ranking.

⚡ Hands-on: Supercharge With AI Tools

Work smarter, not harder!

ChatLLM Teams offers a comprehensive AI assistant service designed for individual users and teams. This platform provides access to advanced language models, along with capabilities for web searching, image generation, and more. Here’s how you can use ChatLLM Teams effectively:

Steps to Use ChatLLM Teams:

1. Sign Up:
   Visit the ChatLLM Teams website and register for an account.

2. Integrate with Your Tools:
   Connect with tools like Slack or Microsoft Teams.

3. Use AI Features:
   Engage the AI for web searches, chatting with documents, and image generation.

4. Execute Code and Analyze Data:
   Use the AI to execute code, analyze data, and draw plots.

5. Create Custom AI Agents:
   Develop tailored AI agents or chatbots for your needs.

Visit ChatLLM Teams —> https://chatllm.abacus.ai/

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.