Fridayâs top story: WhatsApp has announced new AI tools for WhatsApp Business users to help them have more conversations with their customers.
âď¸ New WhatsApp AI tools
𤯠Adobe's shocking new rules
đ Humane seeks $1B buyout
đ Google bans unsafe AI content
Read Time: 5 minutes
Our Report: During its global âConversationsâ conference in SĂŁo Paulo, Brazil, Meta announced AI-powered features for WhatsApp business users, to improve the overall experience and help them connect with their customers and streamline operations.
đ Key Points:
WhatsApp business users can use AI (via Ads Manager) to create Facebook and Instagram ads, remind customers about items left in their cart, and give them purchase-specific discounts.
Itâs testing an AI-powered customer support feature that will automatically respond to common customer queries but it plans to make it clear that responses are AI-generated.
Itâs also releasing âMeta Verifiedâ badges for businessesâwhich will give them better support and protectionâand a one-tap WhatsApp calling feature for complex consumer requests.
đ¤Â Why you should care: Meta is launching these new AI features for WhatsApp business users to scale AI-powered conversational commerce, and while itâs giving these features to customers for nothing, the biggest revenue driver, on its WhatsApp business platform, is increased conversations, and this will lead to exactly that.
Together with HelloRyse
Best Buy has a proven record of placing early bets on home-technology products that go on to dominate the market. For example:
Ring - acquired by Amazon for $1.2B
Nest - acquired by Google for $3.2B
Pay attention, because Best Buy just unveiled a new smart-home product in over 100 stores that has the potential for massive returns â RYSE Smart Shades.
RYSE is poised to dominate the smart shades market (currently growing at 50% annually) and you can still invest in their public shares, priced at just $1.50/share.
Current shareholders are seeing their value increase 20% year-over-year, with strong upside remaining as they scale into retail.
If you missed out on Ring and Nest, secure your stake in the smart home market now.
Patent Drop Newsletter: Proprietary news and analysis of innovation at its earliest stage
AppsMakerStore is for creating and sharing mobile applications
NoBinge uses AI to summarize YouTube videos
Limeline takes meetings and calls using AI
Lede uses AI to create in-depth blog posts
Our Report: Users of Adobeâs Photoshop, Illustrator, or other Creative Cloud applications have been left confused and outraged after noticing Adobeâs new terms of use.
đ Key Points:
The new terms give Adobe the right to access userâs content through âmanual and automated methods,â leaving users concerned that their work could be used to train AI models.
Adobe has reassured users that it will just use this right to improve its âservices and softwareâ, but the terms suggest that users have little control over how their content is used and shared.
Aside from the implication that their work will be used for training, without compensation, users are also concerned about privacy as some work under NDAs.Â
đ¤Â Why you should care: When Adobe launched its suite of AI products last year, it used its own stock image library and other publicly available media to train its AI models, but the new terms suggest it will start using user-generated content instead, which could lead to copyright infringement lawsuits and privacy issues, and will undoubtedly damage customer's trust in their supposedly âethical AI features.â
Use the Prompt Engineer GPT by AI Tool report to 10x your prompts.
â Â YouTube ads
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Our Report: Rumors have been circling that AI Pin-makerâHumaneâwas looking for a buyer, and now, reports suggest that it wants over $1B for the company, and tech company, Hewlett-Packard (HP) might be interested.
đ Key Points:
If true, the sale comes just two months after Humane started shipping the worldâs first AI Pinâdesigned to replace smartphonesâwhich was wildly panned by customers as âuseless.â
It also follows yesterdayâs crisis, which saw Humane sending a warning to their customers about a hazardous battery cell within the charging case and asking them not to use it.
And it also comes after reports that Humane fired a former software engineer for questioning whether the product was ready for market, preferring âpositivity over criticism.â
đ¤Â Why you should care: Following poor reviews and whisperings of internal turmoil, Humane has just sold 10,000 devices (they expected to ship 100,000 this year), and with each device costing $700, they can expect to make $7.24M in revenue (not taking into account any canceled orders), which makes you question where the $1B valuation comes from.
Our Report: Google has issued Google Play AI app developers with new rules, to minimize inappropriate and prohibited content within the app store.
đ Key Points:
Developers who distribute AI apps within the Google Play Store will need to put preventions in place to prevent the generation of ârestricted contentâ which includes sexual and violent content.
They must have in-app reporting mechanisms so users can report inappropriate content, and also ârigorously testâ their AI tools and models, to make sure they respect safety and privacy.
These new rules apply to apps that produce AI content, including chatbots, image generators, and audio apps but donât apply to AI productivity tools or apps that âhostâ AI content.
đ¤Â Why you should care: Google has released this guidance to prevent the growing amount of nonconsensual deep-fake prohibited content in its store and has also banned ads from websites that endorse or create this type of content.
Googleâs AI-powered research and writing assistantâNotebookLLMâis now available in over 200 countries across the world, and comes with new Gemini 1.5 Pro features.
DuckDuckGo has launched âPrivate AI chatsâ, which allow users to use AI models likeâOpenAIâs ChatGPTâanonymously, meaning models canât store chats and use them for training.
Google has developed a new AI toolâSurfPerchâdesigned to help marine biologists better understand the coral reef ecosystems to help with preservation.
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Until next time, Martin & Liam.
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