Wall Street's AI Boom
Plus the first SORA music video...
Welcome back, AI’ers!
Monday’s Top Story: Word on the street is the Rabbit R1 "AI box" is just an Android app that can run on any Android phone; it is not a standalone device.
The device claims to be a "smartphone replacement" but is simply running a limited version of the Android operating system.
Yikes.
Here’s What’s On The Menu For Today
🤖 JPMorgan unveils IndexGPT
✨ Creating A Course Using AI
📰 News Hot Off The Press
💰️ Newly Added AI Tools
TOOL HIGHLIGHT
TODAY’S FEATURED TOOL
🖥️ Dashworks for Slack
Dashworks AI is an innovative knowledge assistant platform designed to empower teams and streamline workflows. It provides AI-powered search capabilities across a company's internal apps and knowledge sources, allowing users to quickly find answers, create content, and access relevant documents and information.
Not sponsored or affiliated
AI IN THE NEWS
JPMorgan unveils IndexGPT in next Wall Street bid to tap AI boom…
JPMorgan Chase has unveiled IndexGPT, a new range of thematic investment baskets created with the help of OpenAI's GPT-4 model.
IndexGPT represents an automated approach to creating thematic indexes that identify investments based on emerging trends rather than traditional industry sectors or company fundamentals.
📫️ The details:
IndexGPT generates a list of keywords associated with a theme, which are then fed into a natural language processing model to identify relevant companies.
This AI-powered system allows JPMorgan to select a broader range of stocks beyond the obvious companies that everyone already knows about.
IndexGPT is part of JPMorgan's long-term process of integrating AI across its index offerings, as the bank looks for ways to improve its equity volatility and commodity momentum products.
🧠 Our thoughts:
Watch out! The suits are here.
By leveraging GPT-4, JPMorgan is automating the process of identifying emerging investment themes and the companies involved.
While IndexGPT may not be a revolutionary innovation, it demonstrates the financial industry's efforts to stay ahead of the curve and provide clients with more sophisticated investment tools.
As AI advances, we can expect to see more banks and financial firms exploring ways to integrate these technologies into their products and services.
(Read more →)
X is using Grok to publish AI-generated news summaries…
X uses Grok to generate and publish news summaries on its platform, similar to Twitter's Moments feature.
If you remember, Grok is the AI tool Elon released to compete with ChatGPT.
The AI-generated summaries cover trending news and conversations on X, and are currently only available to premium subscribers. While the feature aims to provide users with quick overviews of important topics, Grok has faced some accuracy issues in the past.
📫️ The details:
X is using an AI tool called Grok to generate and publish news summaries on its platform, similar to Twitter's now-defunct Moments feature.
The AI-generated summaries cover trending news and conversations happening on X, and are currently only available to premium subscribers.
Grok has faced some accuracy issues in the past, such as misinterpreting basketball slang, which raises concerns about the reliability of its news summaries.
🧠 Our thoughts:
The accuracy issues with Grok are a bit concerning.
It’s part of the reason why we steer away from using it.
If the AI can't handle something as straightforward as sports slang, how can we trust it to capture the nuances and context of complex current events accurately?
That said, we do think there's potential here.
As the technology continues to improve, AI-generated news summaries could become useful, especially for busy users who just want the highlights.
(Read more →)
QUICK BITS
The AI Hardware Dilemma (link)
Generative AI will be designing new drugs (link)
Randy Travis’s New Song Recreates His Voice With AI Technology (link)
Ohio uses AI to eliminate unnecessary words in state administrative code (link)
AI security bill aims to prevent safety breaches of AI models (link)
The first SORA-made music video drops (link)
Ideogram launches Pro tier with 12,000 fast-AI image generations per month (link)
Tesla’s next-gen Dojo AI training tile is in production (link)
Apple announces largest-ever $110 billion share buyback as iPhone sales drop (link)
Meta plans to build $800M AI data center in Alabama (link)
Viator Turns to AI for Ad Campaign to Raise Travel Company’s Brand (link)
AI TRAINING YOU MISSED
📺 ChatGPT Cost Saving Hack
How To Use ChatGPT Without Spending $20 (link)
AI ON SOCIAL
FROM THE WEB
✨ Creating A Course Using AI
This is a great video showcasing how you can create content using AI - in this case, a course.
It breaks down the process step-by-step and we recommend checking it out. (link)
NEW TOOLS
Cykel - an innovative artificial intelligence (AI) assistant designed to automate and manage repetitive tasks. It proactively acts on user instructions, making interactions with user interfaces, websites, or APIs based on command in natural language.
Flint - Therapy Chatbot - an AI-powered mobile application designed to aid users in self-discovery, emotional health management and personal growth. It combines interactive journaling with AI-driven therapy, providing real-time insights while offering support to users.
VSona - an AI tool designed to create digital companions that enable a more authentic connection in the digital world. It is developed with the purpose of helping users to express themselves and establish a space for personalized interactions.
Lingolette - an advanced language teaching tool that utilizes AI techniques to enhance the learning experience. Faced with addressing the issue of student dropout rates in language learning, Lingolette employs a blend of interactive features to maintain student engagement.
Auto Gmail - an AI-driven tool designed to enhance email management by automatically drafting responses to incoming messages in Gmail.
Monitr - a powerful data visualization and analytics platform primarily aimed at facilitating data-driven decisions. The platform enables users to query, visualize, and share their data seamlessly.
Revid - an AI-powered tool designed to transform text into short engaging videos, with a focus on social media platforms like YouTube, Instagram, and TikTok.
Swift Gum - an AI-assisted tool designed to enhance sales efficiency through voice-powered technology. The primary function of this tool is to empower users to amplify their outreach impact by sending personalized voice messages on LinkedIn.
See more of the newly added tools here.
PROMPT OF THE DAY
Copy and paste this prompt 👇
"Act like a professional copywriter who writes persuasive direct response sales copy. My target market is [your target market] that need [the thing your product helps the solve]. My product is [Name of your product, and brief description of what it includes and how it helps your target market].”
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.
Until next time, stay safe.
-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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