Elon Musk Launches AI Company xAI as He Looks to Take on OpenAI

Good morning. It's Thursday, July 13. I am bringing you the latest AI news, insights, resources, and tools in today's edition. Whether you're an executive, professional, enthusiast, researcher, or simply curious, join me on this exciting view into the world of AI. Let's enjoy the read together!

Here are the highlights:

Top Story — Elon Musk launches AI firm xAI as he looks to take on OpenAI

Resources — The 7 Stages of AI

Business — 4 Strategy Pillars Keep You Focused on AI Business Impact

Podcast Worth Sharing — How AI Will Change Business Forever With Salim Ismail | EP #46 Moonshots and Mindsets

AI Tools — AI Tools Club

AI-Generated Video and Images — Fun Images of Famous Musicians as K-Pop Stars

Join my community by subscribing to my newsletter below:

🔴 Please reply to the confirmation email sent to you, after submitting your email address to start receiving the newsletter.

STORIES

Elon Musk launches AI firm xAI as he looks to take on OpenAI

On Wednesday, Elon Musk, the billionaire entrepreneur, finally introduced his highly anticipated artificial intelligence startup called xAI. He revealed an impressive team consisting of engineers from major U.S. technology companies, whom he aims to rival in his quest to develop an alternative to ChatGPT.

Artificial Intelligence and Jobs: An urgent need to Act

The advancements in artificial intelligence (AI) are poised to have a profound impact on employment opportunities. The preliminary findings of a recent survey conducted by the Organisation for Economic Co-operation and Development (OECD) regarding the implementation of AI in the manufacturing and finance industries underscore the pressing necessity for prompt action. It is imperative to establish policies that enable nations, businesses, and individuals to harness the advantages of AI while effectively addressing associated risks.

Source: OECD

Has Generative AI Hype Peaked?

In a recent article published on VC Cafe, Eze Vidra wrote “Hype coming down is probably a good thing, but I don’t think generative AI is going away anytime soon. I expect to see many more existing companies incorporating generative AI features in their existing products and services (see Dropbox, eBay, Canva, Adobe, Salesforce etc) as well as new startups working on vertical AI solutions, industry-specific automations and tooling for deploying generative AI safely in the organisation.”

Shutterstock expands deal with OpenAI to build generative AI tools

According to a Shutterstock announcement, in the upcoming six years, OpenAI will acquire a license for data from Shutterstock, encompassing a vast array of content such as images, videos, music, and their corresponding metadata. As a reciprocal arrangement, Shutterstock will enjoy "priority access" to OpenAI's cutting-edge technology and innovative editing features. This access will enable Shutterstock customers to effortlessly transform images sourced from Shutterstock's extensive stock content library.

RESOURCES

The 7 Stages of AI

The 7 Stages of AI, an all-encompassing exploration of artificial intelligence. Whether you've imagined the stages of AI or hold an interest in how these 7 stages mold our technological landscape, this video attempts to satisfy your curiosity.

Artificial Intelligence (AI) is transforming our everyday lives and various industries on a global scale. To truly comprehend AI, it is crucial to grasp the 7 stages of AI, ranging from basic algorithms to advanced machine learning and beyond. This video delves into each stage, providing explanations and real-life examples.

BUSINESS

4 Strategy Pillars Keep You Focused on AI Business Impact

The sudden surge in interest surrounding Generative AI has caught the attention of many. However, there are organizations that have already amassed significant expertise and achievements in implementing AI methodologies throughout various business units and processes. According to Gartner's research, these seasoned AI organizations constitute a mere 10% of the current pool of AI experimenters. Nonetheless, prospective adopters of Generative AI can gain valuable insights and knowledge from these experienced entities.

PODCAST WORTH SHARING

How AI Will Change Business Forever With Salim Ismail | EP #46 Moonshots and Mindsets

Source: Peter H. Diamandis

AI TOOLS

AI-GENERATED IMAGES OF THE DAY

Here are some AI-generated fun images of famous musicians as K-pop stars.

Source and image credit ➔ Reddit.

I want to hear from you.

Please tell me how I can make this newsletter more valuable for you. What improvements you would like to see? Send me your feedback by hitting reply to this email or by emailing [email protected].

MY COMMUNITY

Join my professional communities on LinkedIn