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- 💡Important Announcement Please Read!
💡Important Announcement Please Read!
We are Rebranding!
THE AI REPORT IS REBRANDING 🚀
I’m pleased to announce we are rebranding to “The Edge” still the same great content you are used to but with a sleek new look
Nothing will change on your end just be on the lookout Monday and moving forward for “The Edge” in your inbox
Here’s a sneak peak: Let me know what you think
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Now back to your AI Report:
Read time: 4 minutes (Click underlined topics or headings for links.)
Happy Friday, AI friends, Don’t forget to be on the lookout for our new name next week. See you on Monday at 9 AM sharp! Stay blessed
In Today’s AI Report:
💰 Meet Chat: The First AI ETF
☣️ There is an AI war: Nvidia is the culprit
🌐 Google is Opening Access: New search capabilities
💎 4 AI Tools 4 You: Handpicked and tested 4 You
Roundhill Investments has launched a new ETF called the Generative AI & Technology ETF, AKA: CHAT. Their anagram is a little off, but it’s ok.
This ETF gives exposure to companies involved in LLMs, NLP, and generative AI across the globe. It includes companies like Nvidia, Microsoft, Alphabet, iFLYTEK, Adobe, AMD, SenseTime Group, C3.ai, and Salesforce.
If you were looking for AI companies to invest in, here’s a great start.
Roundhill estimates the AI software market has an addressable market value of approximately $120 billion. Goldman Sachs projects $7 trillion in economic growth within 7 years 🤯
Nvidia is a global technology company known for its advancements in graphics processing units (GPUs). They are the only supplier of GPUs; what does this mean? There is a Nvidia monopoly, and no one is coming close to it in the short term.
Nvidia is up over 100% this year, and yesterday it surged over 25%. They reported better than expected Q1 earnings Wednesday, and the market loved it. Nvidia creates its own software, chips, and systems; this enables them to keep their costs low and sell them at a marked-up price.
Nvidia’s chips today sell for $25,000 each; that’s a whole Prius.
It has been 2 weeks since Google’s I/O presentation, and they confirmed yesterday that they are beginning to roll out access to their generative AI arsenal. If you need a refresher, here is the demo:
The people who registered for Search Labs will receive an email invitation to begin testing these new AI features, I hope some of you were able to register.
Daily Definition
NLP
"NLP", or "Natural Language Processing", is a branch of AI that focuses on the interaction between computers and human language. Ever wondered how your smartphone's voice assistant understands your commands, or how an email service can filter out spam messages? That's NLP at work.
In essence, NLP enables machines to understand, interpret, and generate human language in a way that is both meaningful and useful. It involves several complex tasks, such as understanding the context, detecting the sentiment, and even translating languages. But Language is complex and constantly evolving, and teaching a machine to fully understand all its nuances is an ongoing challenge. Nonetheless, NLP represents a significant stride towards making our interactions with machines more natural and conversational.
💎4 AI Tools 4 You
MemeCam: Generate memes from AI image recognition
Bardeen: AI tool to build automation workflows
Adobe Firefly: Adobe’s generative AI photoshop tool
Lexica: The extensive AI art database
🔮 AI Inspiration
That’s all for today!
Thanks for your time today. If it is your first time here, welcome. I hope you found value in today’s report. If you are returning, thank you. It means the world to me that you spend a few minutes of your day with me. If you have any ideas you’d like me to cover in the future, reply to this email.
Thanks for reading see you tomorrow,
Best,
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