Friends,
I hope you don’t think I am some sort of carnival barker. AI has arrived. And this is not a blip. Even Bankers are calling it an “iPhone moment”. And it’s moving so quickly that even Lawmakers Struggle to Understand the Technology. This week, See OpenAI’s API announcement in my recommended links. And see how many of the larger players are outlining the future.
This week, Elon Musk outlined how AI can and will be part of our daily lives. Chats are great, but when you combine AI with robots, you get something quite powerful. Musk showcased the latest developments in its humanoid robot Optimus, which can now walk, pick up and carry items, and perform basic tasks. Musk also hinted at his grand plans for the robot rollout, saying the ratio of AI-powered humanoid robots to humans could one day “be greater than one to one,” and that one day Tesla’s robot business could be greater than its automotive. Watch highlights below:
Emerging and game-changing technologies are a slow burn. They require testing and figuring out. And while they grow slowly - they suddenly hit the world in a big way, gain adoption and change the world in a mainstream way. Initial work on AI started mid the 20th century. What we are seeing last year and this year is traction. It’s not that it’s happened overnight. It’s that AI has burst through the mainstream ceiling. Real World AI is here. The future is being built.
Stay Curious,
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Here are my recommendations for this week:
Now
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Is the Entire Economy Gentrifying? Companies are trying to maintain fat profits as the economy changes, making “premiumization” their new favorite buzzword. Businesses are hoping to keep the good times rolling after several years in which they seized on strong spending by consumers and rapid inflation to raise prices and pump up profit margins. Many firms are embracing offerings that cater to higher-income customers — people who are willing and able to pay more for products and services. One sign of the trend: the notion of premiumization was raised in nearly 60 earnings calls and investor meetings over the past three weeks.
Taking Back Sundays - In a society obsessed with productivity, this is harder than it should be—but it’s worth it.
De-Influencers: Everything You Need to Know - Just when you thought the world of influencer marketing couldn’t reveal more subsidies, ‘de-influencers’ have infiltrated the space. De-influencers have become the latest trend to shift the TikTok influencer space as Gen Z leans into a lifestyle that celebrates sustainability and mindful monetary choices, amidst the cost-of-living crisis.
Startup Decoupling & Reckoning - The coming reset in mid-to-late stage startups in 2023-2024 is at this point likely largely decoupled from interest rates and inflation.
Life After Food? A diabetes drug has become an off-label appetite suppressant, changing the definition of being thin and what it takes to get there
Next
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Developers can now integrate ChatGPT and Whisper models into their apps and products through OpenAI’s API. OpenAI have partnered with a number of organisations including Snapchat, Instacart and where I work - Quizlet. We announced Q-Chat, the world’s first AI tutor built with OpenAI’s ChatGPT. It’s in beta, but we (and I mean those smarter than me!) have worked with OpenAI for the last three years, leveraging GPT-3 across multiple use cases, including vocabulary learning and practice tests. With the launch of ChatGPT API, Quizlet is introducing Q-Chat, a fully-adaptive AI tutor that engages students with adaptive questions based on relevant study materials delivered through a fun chat experience. OpenAI have managed to reduce cost by 90%, so this is the beginning of mainstream Accessibility. Also see: OpenAI Is Now Everything It Promised Not to Be: Corporate, Closed-Source, and For-Profit
Spotify wants to understand your body on music - Think about the music and podcasts you listen to, and how they affect your mood. If streaming audio content makes you happier, you’re not alone. That finding comes courtesy of 426 Spotify users who volunteered to wear an electrodermal activity sensor on their palm any time they tuned in over the course of 40 days. The company learned that listening to either podcasts or music improved its users’ moods, and that the activities listeners participate in influenced the type of content they gravitated to.
The next big threat to AI might already be lurking on the web - Artificial intelligence experts warn attacks against datasets used to train machine-learning tools are worryingly cheap and could have major consequences.
50 Years Later, We’re Still Living in the Xerox Alto’s World - Great Long read about how Xerox created the world we know today. The Alto transformed computing. And the changes stuck.
Mark Zuckerberg Quietly Buries the Metaverse - There will be no press release, no big announcement, as he would have to acknowledge that he was wrong. But make no mistake: Mark Zuckerberg just buried the metaverse. The metaverse is dead. The metaverse was supposed to be the Next Big Thing for the social-media tycoon, who in 2021 went so far as to rename his empire -- created from Facebook, Instagram and WhatsApp -- as Meta Platforms.
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