Welcome back to another edition How to Actually AI.

Friday has arrived! I hope your week has been stellar. 😎

Here is what we got for you today:

• 📖 IN THE KNOW: Commerce in the Age of AI

  🧰 TOOLBOX: Quick list of some great new tools

• 🧠 DAILY BOOST: How AI Is Changing The Way Business Approach Data

• 🗞️ QUICK BYTES: News roundup of everything AI

• 📺️ WORTH A WATCH: Midjouney Prompting Ultimate Guide

Read time: 5 minutes.

IN THE KNOW

What to Expect in the Age of AI?

In today's rapidly evolving digital landscape, staying ahead of the curve is crucial for businesses looking to thrive. The emergence of generative AI has opened up new possibilities and transformed the way we approach commerce. A recent article by Mastercard Labs delves into the transformative potential of generative AI in the realm of commerce.

In this article, Mastercard Labs highlights the key points that shed light on how generative AI is reshaping the future of commerce. Let's take a closer look at the highlights:

• Enhancing Personalization: AI will enable businesses to create highly personalized customer experiences, tailoring products and services to individual preferences like never before.

• Optimizing Pricing Strategies: By leveraging generative AI, businesses can optimize pricing strategies based on real-time market insights and consumer behavior, driving sales and maximizing profitability.

• Unlocking Creativity: With generative AI, businesses can tap into the immense creative potential of AI-powered algorithms, generating innovative ideas and designs that push the boundaries of traditional commerce.

This thought-provoking article prompts us to consider the implications of generative AI for businesses and individuals alike. The potential benefits are undeniable, but what does this mean for you? Here are three reasons why you should care about the rise of generative AI in commerce:

• Competitive Advantage: Embracing generative AI can give your business a competitive edge, allowing you to deliver personalized experiences that resonate with customers and set you apart from the competition.

• Efficiency and Productivity: By automating certain tasks and leveraging AI-powered insights, generative AI can streamline operations, boost efficiency, and free up valuable time and resources, enabling you to focus on what truly matters.

• Future-Proofing: As AI continues to advance and become increasingly integrated into various industries, staying informed about the latest developments in generative AI is essential for future-proofing your business and ensuring long-term success.

The transformative power of generative AI in commerce is undeniable. As businesses across the globe embrace this technology, it's crucial to stay informed and understand how it can shape the future of your industry.

Read More

🧰 TOOLBOX

1. ShoppingBotAI is a tool to train ecommerce chatbots.

2. Record Once is a tool to create video demo tutorials with voice-overs and text guides.

3. SuperhumanAI helps people write emails faster and smarter.

4. Courseau is a tool for creating courses.

5. Bizway is a platform for business planning and ideas.

DAILY BOOST

How AI Is Changing The Way Business Approach Data

Artificial Intelligence (AI) is constantly evolving, and one of the latest breakthroughs in this field is Generative AI. In a recent article by Towards Data Science, we explore ways generative AI is changing the way businesses approach data.. Let's dive into the key points and discover the implications.

The article highlights several important aspects. First, Generative AI enables companies to create synthetic data that closely resembles real data, reducing privacy concerns and increasing accessibility for machine learning models. It opens up new possibilities for training models in sectors where obtaining real-world data is challenging or restricted.

Second, Generative AI has the potential to transform data augmentation, a technique used to increase the diversity of training data. By generating new synthetic data points, AI models can improve their ability to generalize and perform well on unseen examples.

Third, the article explores how Generative AI can support data privacy. With the growing concerns around data breaches and privacy regulations, companies can utilize Generative AI to generate synthetic data that retains the statistical properties of real data without exposing sensitive information.

Why Should You Care?

1. Unlocking new possibilities: Generative AI expands the horizons for data-driven decision-making by enabling access to synthetic, representative datasets.

2. Enhancing model performance: With data augmentation through Generative AI, you can improve the accuracy and robustness of your AI models.

3. Mitigating privacy risks: By utilizing synthetic data, you can safeguard sensitive information and comply with data protection regulations.

As AI continues to advance, staying informed about the latest developments, such as Generative AI, is crucial for professionals and small business owners who want to leverage AI to boost productivity and gain a competitive edge.

Read the full article here

QUICK BYTES

AI Companies Are Thirsty for Your Data

Generative models have emerged as a powerful tool for creating realistic and original content. These models, fueled by vast amounts of data, are capable of generating everything from images and videos to music and even text. However, this rapid progress has sparked concerns about privacy and the ethical use of personal information. As companies clamor for more data to fuel their AI models, it’s becoming apparent how valuable data has become. Read more

5 Areas Every Business Should Be Using Cognitive AI

Cognitive AI has the potential to revolutionize the way businesses operate by automating complex tasks and providing valuable insights. From customer service chatbots to predictive analytics, cognitive AI systems can analyze vast amounts of data and make intelligent decisions in real-time. By harnessing the power of cognitive AI, businesses can streamline their operations, enhance customer experiences, and gain a competitive edge in the market. Read more

AI Will Be Amazing, If It Doesn’t Destroy Us

In a recent interview with The Washington Post, James Manyika, Google's newly hired head of "tech and society," called AI "an amazing, powerful, transformational technology." And yet he has also voiced concerns about AI, signing a letter in May that mitigating the risk of extinction from AI should be a global priority. 😳 Read more

Anthropic Releases a Faster, Smarter, Cheaper AI Model

Anthropic, a leading AI research company, has recently unveiled its latest AI model that promises to be faster, smarter, and more cost-effective than previous iterations. This breakthrough has the potential to revolutionize various fields, from healthcare and finance to transportation and entertainment. With more efficient AI models, businesses can leverage advanced technologies without breaking the bank, opening up new opportunities for innovation and growth. Read more

AI Review Summary Tool Could Make Shopping Easier

Shopping for electronics can be overwhelming, especially when faced with numerous product reviews. Newegg, a popular online retailer, has developed an AI-powered review summary tool to simplify the decision-making process for shoppers. By analyzing and summarizing customer reviews, this tool helps users quickly understand the pros and cons of a product, enabling them to make informed purchasing decisions. Read more

Why Every Business Needs a AI Framework in 2023

As AI continues to advance and become more integrated into our lives, it is imperative for businesses to establish clear guidelines and ethical frameworks for its use. AI guidelines help ensure responsible and accountable deployment of AI systems, addressing concerns such as bias, privacy, and transparency. By proactively defining ethical standards, businesses can build trust with their customers and stakeholders while harnessing the power of AI to drive innovation and growth. Read more

WORTH A WATCH

BYTE SIZE AI

What is No-Code? 📚

Have you ever wished you could create something technical without having to write a single line of code? Well, with the rise of no-code AI platforms, that dream is becoming a reality for professionals and small business owners alike.

No-code refers to the ability to build and deploy AI applications without the need for traditional programming skills. Instead, these platforms provide intuitive drag-and-drop interfaces and pre-built AI components that can be easily customized to meet specific business needs.

Imagine being able to develop a chatbot to handle customer inquiries, automate repetitive tasks, or even analyze customer data for insights, all without touching a line of code. No-code AI platforms open up a world of possibilities for individuals and businesses looking to leverage AI technology to become more productive.

Here are a few examples of how no-code AI is being applied in the context of productivity:

1. Automating workflows: With no-code AI, you can streamline your business processes by automating repetitive tasks. For example, you can create a workflow that automatically categorizes and responds to customer emails, freeing up valuable time for your team to focus on more strategic initiatives.

2. Enhancing decision-making: No-code AI platforms allow you to build predictive models that can help you make more informed decisions. Whether it's predicting customer churn, optimizing inventory management, or identifying potential sales leads, these platforms enable you to harness the power of AI without the need for coding skills.

3. Creating personalized experiences: Personalization is key to delivering exceptional customer experiences. With no-code AI, you can develop recommendation engines that suggest relevant products or content based on individual preferences. This level of personalization can significantly enhance customer engagement and drive revenue growth.

The age of no-code AI is here, and it's revolutionizing the way individuals and businesses can leverage AI technology. Whether you're a career professional or a small business owner, these platforms empower you to build AI solutions that can boost productivity and drive innovation. So why wait? Start exploring the world of no-code AI and unlock the power of artificial intelligence today!

NOODLE FLEX

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

1. Question: Which AI tool did Facebook develop for real-time language translation?

2. Question: Which AI technology powers voice assistants like Siri, Alexa, and Google Assistant?

3. Question: Which science fiction writer coined the term "robot"?

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

Yesterday’s Answers: 1) 86 billion 2) OpenAI Five 3) backpropagation