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Welcome back, AI’ers!

Here’s What’s On The Menu For Today

• 🤖 The $600B AI Problem

• ✨ AI Video Upgrade

• 📰 News Hot Off The Press

• 💰️ Newly Added AI Tools 

TOOL HIGHLIGHT

TODAY’S FEATURED TOOL

🖥️ TrustLoop

TrustLoop is an advanced tool designed to help businesses manage their online reputation and accelerate product-market fit. It enables businesses to gather internal feedback at the most opportune times, especially when customers are not completely satisfied.

Tools are sourced from our database and are not sponsored or affiliated.

TRENDING STORIES

TODAY’S TOP STORIES

Job scams surged 118% in 2023, aided by AI

Job scams surged by 118% in 2023, with criminals using AI to trick job seekers out of money and personal information, according to the Identity Theft Resource Center. Scammers pose as recruiters, post fake job listings on legitimate platforms like LinkedIn, and extract sensitive data during fake 'interviews', resulting in average losses of $2,000 per victim. To protect yourself, thoroughly research companies before accepting offers, avoid sharing extensive personal information upfront, and be wary of job ads promising unrealistic benefits for remote roles with minimal skills required.

• Job scams made up 9% of all identity scams in 2023, second only to Google Voice scams at 60%.
  

• AI advancements have enabled scammers to create more convincing fake job listings and recruitment messages.
  

• Recent graduates, immigrants, and those new to the U.S. job market are particularly vulnerable to these scams.

Read more →

YouTube Music is testing a prompt-generated AI radio

YouTube Music is testing a new AI-powered radio feature that allows users to generate custom radio stations by entering prompts. The experimental feature, currently available to a limited number of users, lets you type or speak a prompt to create a personalized radio station tailored to your musical preferences.

• The AI radio creator appears as an "Ask for music any way you like" card in the YouTube Music home feed.
  

• Users can enter prompts via text or voice, with YouTube Music providing suggested prompts like "Catchy pop choruses" and "Epic soundtracks".
  

• The generated radio station is displayed using the existing playlist card format, with the user's prompt serving as the station name and a unique description.

Read more →

AI industry needs to earn $600 billion per year to pay for massive hardware spend

The AI gold rush is in full swing, but profitability remains a distant dream. While market projections paint a trillion-dollar picture, the staggering infrastructure costs are raising eyebrows. The AI industry needs to generate around $600 billion in annual revenue to justify the massive investments being made in AI infrastructure by tech giants like Nvidia, Microsoft, and Google.

• The global AI market is projected to reach $826.7 billion by 2030, growing at a 28.46% CAGR from 2024-2030.

• In 2023, the AI market size was estimated at $196.63 billion and is expected to grow to $1.81 trillion by 2030 at a 36.6% CAGR.

• Tech giants like Microsoft, Alphabet, Meta and Amazon are expected to spend over $1 trillion on AI in the coming years, with $189 billion in capex in 2024 alone.

Read more →

QUICK BITS

MORE NEWS

Meet the AI-powered robots that Big Tech thinks can solve a global labor shortage (link)

A new WhatsApp beta for Android allows you to talk to Meta AI and send it images (link)

Color CEO Says AI-for-Oncology Copilots Detect and Treat Cancer Earlier (link)

Apple, AMD and Intel Should Be ‘Catch-Up’ AI Winners for the Second Half (link)

MIT researchers introduce generative AI for databases (link)

Japan's defense ministry releases first AI policy to tackle shrinking population and stay competitive (link)

Canva's CEO Talks AI Gameplan and the Battle with Adobe (link)

Apple stock has 17% upside because the AI revolution will have to run through its hardware, Wedbush says (link)

SenseTime Sinks Despite Chinese AI Firm Launching Updated LLM to Compete With GPT-4o (link)

Epic Games CEO promises to ‘fight’ Apple over ‘absurd’ changes (link)

RX1 is an open-source humanoid robot that you can build yourself for less than $1,000 (link)

AI lie detectors are better than humans at spotting lies (link)

The LumaLabsAI team is less than 12 months away from real time video generation (link)

AI for Good: Improving breast cancer screening results (link)

Aidan Gomez helped invent the transformer at Google. At Cohere, he's now taking AI to businesses (link)

China has filed more than 5x the number of AI inventions as the U.S. (link)

NVIDIA's Inception program supports over 4,500 European AI startups (link)

OpenAI unveils CriticGPT to find and solve code errors (link)

Quantum Rise grabs $15M seed for its AI-driven ‘Consulting 2.0’ startup (link)

AI ON SOCIAL

FROM THE WEB

✨ AI Videos Of The Week

Thanks to Proper for curating this list of awesome AI videos. It’s insane to think that we went from this:

To this:

It’s only the beginning, too, which is frightening and cool at the same time.

NEW TOOLS

FROM OUR DATABASE

Swift AI - refers to a fast, open-source voice assistant, intricately designed to deliver cutting-edge voice recognition and interaction capabilities. Its open-source nature allows for wide usage and continuous evolution through communal contributions.

Deep NostalgiaAi -  a unique technology for transforming old family photos into engaging videos. Leveraging artificial intelligence, it recreates vintage family moments by animating faces in static family photos.

Nailedit -  an advanced AI tool that allows users to compare results from multiple language prediction models, such as ChatGPT, Claude, and Gemini, using a single prompt.

Form2Agent AI - a versatile AI-powered tool that greatly simplifies adding advanced AI features to existing web applications. It can be adapted to various industries and business needs.

Deep Nostalgia Photos - an advanced artificial intelligence platform that revives cherished still images by transforming them into lifelike videos. The tool primarily animates faces in photographs, thereby instilling a sense of life and motion into old family pictures.

See more of the newly added tools here.

PROMPT OF THE DAY

Want more prompts?

We have a database of over 8,000 of the best prompts we’ve collected, which you can access by sharing Best of AI using the link below.

THAT’S IT FOR TODAY

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-Best of AI Team

This issue was written in collaboration with Midjourney, Perplexity, and Grammarly and edited by a human. Welcome to the future.

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