Welcome back to another edition How to Actually AI.

Happy Monday everyone and welcome back!

We are continuing to enhance our newsletter. Going forward, we will be focusing on helping creators utilize AI to save time.

Workflows and Deep Dives. 😀 

Here is what we got for you today:

• 📖 IN THE KNOW: Companies Are Considering Ban on ChatGPT

  🧰 TOOLBOX: Quick list of some great new tools

• 🧠 DAILY BOOST: Introducing RunwayML: AI Video Software

• 🗞️ QUICK BYTES: News roundup of everything AI

• 📺️ WORTH A WATCH: 5 New Tools Better Than ChatGPT

Read time: 5 minutes.

IN THE KNOW

75% of Businesses Are Considering Bans on ChatGPT

According to a recent Blackberry study, an increasing number of businesses are implementing or considering bans on the use of ChatGPT. This decision comes in response to concerns over the model's potential to generate misleading or harmful content. Data security, privacy and brand reputation were all cited as significant concerns.

Key Takeaways:

• Many companies are taking measures to ensure the responsible use of AI tools, with 75% considering or already implementing bans on ChatGPT.

• The concerns primarily revolve around the model's tendency to produce biased or unverified information, which can damage a company's reputation and trustworthiness.

• 83% expressed concerns of security threats of unsecured applications in the IT environment.

• Experts suggest that while ChatGPT has the potential for valuable applications, it is important for organizations to approach its use with caution and implement necessary safeguards.

Why you should care:

1. Protect your brand reputation: By being aware of the potential risks associated with ChatGPT. Language models always need human oversight to ensure hallucinations (fabricated information) doesn’t get generated.

2. Ensure accurate and reliable information: Implementing responsible AI practices ensures that the information generated by AI models aligns with your company's values and standards.

3. Stay ahead of the curve: Understanding the ongoing debates and developments in the field of AI allows you to make informed decisions regarding the use of AI tools in your business and stay ahead of potential regulatory changes.

Read More

🧰 TOOLBOX

1.  ChatGPT For Excel is an add-in for Excel to automate tasks and generate insights.

2. Clockk automatically tracks and bills time spent on client projects.

3. MyMap is an AI-driven application to map out ideas.

4. Nekton is a tool to automate tasks with plain English.

5. SitesGPT to build your own website in less than 2 minutes.

DAILY BOOST

Introducing RunwayML: The AI Video Software

Are you ready to take your video editing skills to the next level with the power of artificial intelligence? Look no further than RunwayML, the groundbreaking AI video software that is changing the game in the industry.

Today we dive deep into the world of RunwayML and its incredible capabilities. Here's a summary of the key points for our readers:

• RunwayML is a user-friendly AI-powered video software that allows you to create mind-blowing visual effects, automate tedious tasks, and enhance your editing workflow.

• With its intuitive interface and comprehensive set of tools, RunwayML empowers both beginners and professionals to explore the endless possibilities of AI in their video projects.

• The software supports a wide range of AI models, from style transfer and object detection to facial recognition and pose estimation, enabling you to unleash your creativity like never before.

But what does this mean for you and why should you care? Let's take a closer look at why RunwayML is a game-changer:

• Boost your productivity: By automating repetitive tasks and providing AI-assisted editing tools, RunwayML saves you valuable time and allows you to focus on what truly matters – creating stunning videos that captivate your audience.

• Stay ahead of the curve: As AI continues to shape the future of various industries, including video production, mastering AI video software like RunwayML puts you at the forefront of innovation and opens up new possibilities for your career or business.

• Unleash your creativity: With RunwayML's powerful AI models at your disposal, you can explore new artistic styles, experiment with cutting-edge visual effects, and push the boundaries of your creativity like never before.

So, whether you're a professional filmmaker, a content creator, or someone simply passionate about video editing, RunwayML is a tool you don't want to miss. Embrace the power of AI and take your video projects to new heights with RunwayML today.

Examples of Runway Gen-2:

QUICK BYTES

OpenAI's Struggles: The Rising Costs of ChatGPT

Financial challenges could be on the horizon for OpenAI. The immense popularity of ChatGPT comes at a high cost, with the company reportedly spending $700,000 every day to maintain and improve the AI model. The article delves into the potential implications of these financial burdens. Read more

Whose Responsibility is it to Get Generative AI Right?

This thought-provoking explores the ethical implications and complexities of generative AI. It raises important questions about the responsibility of individuals and organizations in ensuring the ethical use of AI models. Read more

The Case Against AI Regulation Makes No Sense

The European Union is the first to propose legislation on the regulation of AI. The AI Act isn’t perfect, but it is a step in the right direction in dealing with this disruptive technology. This article discusses the current draft and explains why more regulation is needed. Read more

YouTuber Builds AI Avatar for Content Creation

A popular YouTuber with 15 million subscribers has enlisted the help of an AI avatar to create content. This innovative solution showcases the potential of AI in easing the burden on content creators and combating burnout. Read more

Meme Generation Gets Smarter with AI

In one of the most ridiculous applications of AI, you can now put your face on popular memes using AI-powered meme generation. Using advanced algorithms, this platform allows users to create hilarious and relatable memes with ease. The solution we all wanted. Read more

Controlling the Emotions of Generative Voice AI

Breakthroughs have been made by the Play.ht team in the field of generative voice AI. Their new AI model introduces the concept of emotions, enabling users to control and direct the generation of speech with a specific emotional tone. This further extends the potential for AI generated voice applications. Read more

We're All Wrong About AI

Arnold Kling challenges common misconceptions about AI in this eye-opening article. He argues that our expectations and fears about AI may not align with the reality, urging us to reassess our understanding of this transformative technology. Read more

WORTH A WATCH

BYTE SIZE AI

What is training data? 📚

Have you ever wondered how AI systems learn and become smarter over time? The answer lies in training data, the backbone of AI's learning journey.

In simple terms, training data is the information used to teach an AI model how to perform a specific task. It comprises a vast collection of examples, inputs, and corresponding outputs that help an AI system recognize patterns, make predictions, and automate tasks with precision.

Imagine you're a small business owner seeking to streamline your customer support process. By leveraging AI, you can train a chatbot to handle customer inquiries and provide instant responses. In this case, training data would consist of past customer inquiries and their corresponding answers. By feeding this data into an AI model, it learns to understand the context, identify customer intents, and deliver accurate responses efficiently.

But training data isn't limited to customer support scenarios. It plays a vital role in various AI applications across industries. For instance, in healthcare, training data can include medical records, images, and patient data, enabling AI algorithms to diagnose diseases, detect anomalies, and assist in treatment planning.

The quality and diversity of training data are crucial for AI systems to perform effectively. The more diverse the data, the better the AI model can adapt to different scenarios and make accurate predictions. Additionally, to ensure unbiased and fair outcomes, it's essential to have representative training data that encompasses various demographics and perspectives.

NOODLE FLEX

It’s time to use those neurons 🧠. Do you know the answers?

1. Question: Can AI truly replicate human emotion and imagination?

2. Question: What is the singularity point?

3. Question: How many creators are on YouTube?

Stay tuned for the next newsletter to find out the answers to these trivia questions! 🧐

Friday’s Answers: 1) Meta AI 2) conversational AI 3) Karel Čapek