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Welcome back, AI’ers!

Wednesday’s Top Story: Yesterday was all about OpenAI and the latest ChatGPT-4o model.

Today, it’s all about Google and the slew of new AI tools and updates it announced during its I/O conference yesterday.

Keep reading to learn what Google has cookin’.

Here’s What’s On The Menu For Today

• 🤖 Google’s New AI Updates

• ✨ Finding Profitable Niches On Reddit Using AI

• 📰 News Hot Off The Press

• 💰️ AI Quick Tip

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TRENDING STORY

🤖 Google’s New AI Updates

BREAKING: Yesterday, OpenAI made waves with the announcement of ChatGPT-4o (“o” for “omni”), the fastest, smartest, and most multimodal AI yet.

But Google quickly reclaimed the spotlight with a cascade of groundbreaking AI technologies at Google I/O 2024 that promise to redefine user interactions across multiple platforms.

Here’s a detailed look at Google’s impressive new offerings and their significance:

First on the list is Project Astra

Project Astra is an AI agent that can identify objects, recall past interactions, and suggest optimizations for computational processes.

Imagine a digital assistant that can not only remind you of your appointments but also recognize the items on your desk and suggest the most efficient way to complete your tasks.

One demo showed someone using Project Astra to solve a coding problem using a camera while also tracking down where they left their glasses from earlier.

Google is convinced this is the next generation of bots.

Next, they unveiled Gemini 1.5 Pro and Flash

Gemini 1.5 Pro is a significant upgrade over its predecessors, with an unprecedented capability to process up to one million data tokens per request.

This translates to handling over 700,000 words, an hour of video, 11 hours of audio, or 30,000 lines of code in a single query.

This extensive context window allows Gemini 1.5 Pro to perform complex reasoning tasks, such as analyzing detailed transcripts or large codebases without additional fine-tuning.

Flash, on the other hand, is a smaller and more efficient AI model compared to Gemini Pro, yet it retains the same level of capabilities.

It can handle tasks like summarization, chat applications, image/video captioning, data extraction from long documents, and more.

Despite being lighter, Gemini 1.5 Flash inherits the multimodal abilities and long context window of Gemini Pro, allowing it to analyze massive documents or codebases simultaneously.

The model is primarily intended for developers building AI products and services using Google's technology rather than for direct consumer use.

Plus, VEO: Google’s Generative Video Tool

Google's answer to OpenAI's Sora, VEO generates high-quality videos from text, images, and video prompts.

Last but not least, Google revamps its search functionality

Google unveiled AI Overviews, which the company has been testing for a year now, and is finally rolling out to millions of people in the US.

Google Search will now present AI-generated answers on top of the results by default, and the company says it will bring the feature to more than a billion users around the world by the end of the year.

🧠 Our Thoughts:

Google clearly isn’t playing around when it comes to new AI tools, but we still believe they are slightly behind ChatGPT.

But we have been using Gemini more and more lately, so maybe that’s a sign that the tides are turning for big G? 🤷‍♂️

Read more (link)

MORE DEVELOPMENTS

🤖 OpenAI has hired Shivakumar Venkataraman, a 21-year Google veteran who previously led the company’s search ads business. The move comes as OpenAI develops a search engine that would compete with Google’s core product, as we first reported in February.

👀 TikTok is testing AI-generated search results powered by ChatGPT. The new feature, called "search highlights," displays AI-generated summaries at the top of relevant search queries.

😱 Klarna says 90% of its employees are using generative AI daily. The most avid users are non-technical departments like communications (92.6%), marketing (87.9%), and legal (86.4%).

AI MONEY CORNER

SHOW ME THE MONEY

💸 Finding Profitable Niches On Reddit Using AI

Reddit is often overlooked when it comes to finding profitable niches. Check out this strategy, which uses AI and Reddit to find profitable niches.

Here’s a quick breakdown.

Step 1: Research and Discovery

• Use tools like ChatGPT or Claude to brainstorm keywords based on a brief description of your product.

Step 2: Quick Validation

• Use Subreddit Stats to get a quick overview of the subreddit, including its size and growth rate.

Step 3: Deep Analysis

• Use Gigabrain to analyze Reddit posts related to your niche and find interesting insights and related subreddits.

Step 4: Find Market Statistics

• Use Perplexity or Gemini (a Google AI tool) to find market research on your niche.

Check out this video, which explains the process further (link)

QUICK BITS

MORE NEWS

Meta’s next hardware project might be AI-infused headphones with cameras (link)

Intercom to launch Fin X, a $100M AI tool (link)

OpenAI Startup Fund raises an additional $5M (link)

Patreon and Grammarly are already experimenting with Gemini Nano, says Google (link)

Expedia starts testing AI-powered features for search and travel planning (link)

David Sacks reveals Glue, the AI company that rivals Slack (link)

OpenAI co-founder Ilya Sutskever says he will leave the startup (link)

Claude is now available in the EU (link)

QUICK TIP

AI QUICK TIP

✨ How To Find Your Ideal Customer Profile (ICP) Using AI

Have you ever felt overwhelmed by the avalanche of information in sales meetings or product interviews?

You're not alone.

But hidden within those conversations is the key to your Ideal Customer Profile (ICP).

Here’s a straightforward guide to turning those insights into actionable intelligence using transcription tools like Assembly.ai, Fathom, or Rewatch.

Step 1: Record and Transcribe

First, record your sales meetings and product interviews.

Use tools like Zoom, Fathom, Rewatch, or Riverside.

Upload your recording to a transcription tool like Assembly.ai. In minutes, you’ll have a detailed written document of your conversation.

Step 2: Identify Key Themes

With your transcription, start hunting for recurring themes and keywords.

Use ChatGPT to find "pain points," "solutions needed," or "decision-making processes." Spot patterns in customer problems and interests.

Step 3: Extract Customer Insights

Dive into the highlighted sections for detailed customer insights.

Identify their industry, company size, main challenges, and goals.

Note the specific language they use—it’s crucial for shaping your ICP.

Step 4: Formulate Your ICP

Craft your Ideal Customer Profile using these insights.

Include demographic info (industry, company size, location), firmographic details (revenue, employee count), and psychographic characteristics (challenges, goals, purchasing behavior).

Use the transcribed data to fill in these details.

Step 5: Validate and Iterate

Validate your ICP by sharing it with your sales and marketing teams.

They might spot additional patterns or discrepancies.

Remember, your ICP should evolve as you gather more data.

AI ON SOCIAL

FROM THE WEB

✨  Creating Illustrative Styles in Midjourney

Try this prompt out next time you’re in mid-journey to get some awsome, beautiful images.

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 Claude, Perplexity, and Grammarly and edited by a human. Welcome to the future.

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