AI Bubble Set to Burst in 2024

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In today’s Future AI Lab Menu:

• 🍪 Freshly Baked AI Updates - AI Bubble set to burst in 2024 - why?

• 🍟 AI Snacks - Google Assistant to be powered by Bard

• 🤖 Baking With Bots (Tutorials) - Create your own AI 90’s Year Book

• 🛠️ 3 Taste Test Tools - Repurpose your content without watermark

Read time: 4 minutes

🍪 FRESHLY BAKED - AI UPDATES📰

“Overhyped AI” set to burst in 2024

A year after ChatGPT's launch sparked an AI gold rush, the frenzy may soon face a reality check.

The dust has somewhat settled and analysts from CCS Insight have predicted a “cold shower” in 2024” for Generative AI.

Here’s why:

• Running costs of Generative AI models like ChatGPT, Claude & Bard require hug amounts of computing power. Eg, ChatGPT costs $700,000/day to run.

• Big tech like OpenAI, Google or Meta can absorb these high costs but for smaller developers will be too expensive to keep operating.

• There’s an overwhelming number of AI tools that may just be a replica of just ONE of the features of say ChatGPT or Google’s Bard. This is not enough to compete with the big tech firms.

What’s the landscape look like now?

• Previously companies relied on Nvidia for chips to run AI applications. This resulted in chip shortages around the world.

• Now, more companies like OpenAI, Google, Amazon, Meta & Alibaba are building their own chips to cope with the shortage

• Once again, big tech are able to sustain this marathon with their deep pockets and resources. Smaller startups may struggle to keep up with many expected to be wiped out.

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🍿AI Snacks

🍭 Tech giants rush to develop the next “iPhone” but this time, an AI device

🍕 Google Assistant to integrate with AI powered Bard & Google Apps like Gmail, Drive, Maps to give better answers

🍩 Adobe’s new AI Photo Editing Tool, Stardust automatically identifies & selects objects in photos for quick intuitive edits

🍟 Adobe tackles AI image transparency with new icon

🍰 Google Chrome may soon get new AI powered Organize Tabs feature

🍧 Andreessen Horowitz may invest in Ideogram- valuation of $500 million

🍫 Saudi Arabia & China collaborate to develop an AI chatbot, AceGPT

🍮 Swiss neurosurgery & AI help paralyzed cyclists walk again

🧑‍🍳BAKING WITH BOTS🤖

Create Viral AI 90’s High School Year Book

Everyone on social media have been creating these AI 90’s High School Year book photos which anyone can do.

I will say the wait time was about 2hrs (even after paying $5-10 for it - the demand for these AI image apps is crazy if you’re able to hit a trend!).

If you wanted to try it here’s how (video tutorial here):

1. Download the mobile app EPIK (not sponsored)

2. Select the “AI Yearbook” option.

3. Upload 8-12 selfies of yourself.

4. Payment ($5 for 24hr wait, $10 for 2hr wait)

5. Select “Create Yearbook Images” & “Process”

6. Check back in your “AI Yearbook” to see your collection

ChatGPT Prompt - Problem-Solving

If you have a difficult business problem that you can’t solve or procrastinating, try this prompt:

[Describe your problem]. Act as a business consultant to provide me with a step-by-step solution to the problem above. An ideal outcome achieves [explain elements of a good solution]. Guide me through each actionable step with precise instructions to execute effectively. Ask for any information you think would be helpful to reach a resolution.

🍴TASTE TEST TOOLS⚒️

1. Repurpose.io - Automatically repurpose your TikTok videos onto multiple platforms without the watermark

2. DocuWriter AI - Create docs & check code from source code files

3. Neurons - AI predictive insights on best performing ads before launch

🗞️ UNTIL NEXT BYTE!

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ANSWER TO HIDDEN TEXT: Left image = Obey. Right Image = woman’s face

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