Welcome to AI Tool Report!

Friday’s top story: OpenAI has revealed a new interface for ChatGPT—Canvas—designed to help coders and writers iterate and develop their ideas.

🌤️ This Morning on AI Tool Report

1. 👀 OpenAI debuts new-look ChatGPT!

2. 📲 How to protect kids online using AI

3. 🔍 Google’s AI Search Overviews get ads

4. ⚡ How to supercharge market research with AI

5. 🔢 How to project revenue and expenses using ChatGPT

6. 🚢 Another OpenAI-er jumps ship

7. 🥳 Musk throws OpenAI hate party

Read Time: 5 minutes

FACT OF THE DAY

🤔 There are over 4B mobile devices with AI-powered voice assistants, and 97% of mobile users use AI-powered voice assistants, with 50% using them to make purchases and 40% using the voice search function at least once a day.

STOCK MARKETS

🤑 Other investment opportunities: With OpenAI touting the biggest VC fundraiser ever yesterday ($6.6B), certain companies are now poised to benefit from the fresh influx, including Oracle (profits from AI growth through its cloud infrastructure and strategic partnerships), Broadcom (benefits from surging AI chip demand and custom accelerators) & Arm Holdings (leverages its dominance in smartphone chips, higher royalty rates, and AI-optimized designs to expand into new markets). Learn more.

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CHATBOTS

👀 OpenAI debuts new-look ChatGPT!

Our Report: OpenAI has launched (in beta for ChatGPT Plus and Teams users) a new ChatGPT interface—Canvas—which serves as a separate workspace for writing and coding, marking the first design change since its launch in 2022.

🔑 Key Points:

• Canvas allows users to fix parts of the output generated by ChatGPT, without having to re-generate a new prompt each time, making it easier for writers and coders to refine, edit, or develop their ideas.

• In Canvas, writers can highlight bits of generated text and ask ChatGPT to adjust the length, change the tone or reading level, tighten the grammar, add emojis, and rewrite it in another language.

• Coders can ask it to review their code, add in-line comments that translate the code into plain English, include logs, fix bugs, and translate code into another programming language eg.PHP or JavaScript.

🤔 Why you should care: Canvas has similar features to OpenAI’s rival Anthropics’ Artifacts feature (which they launched three months earlier), and is no doubt an effort to hit its revenue target of $11.6B by 2025, to appease its investors, after securing $6.6B in funding from them, the largest VC round in history.

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TOGETHER WITH ANGEL KIDS 

📲 Your Child’s First AI

Angel is an AI-powered browser that enables kids to explore the online world safely.

• Ask questions and receive age-customized answers

• Explore content tailored to your child's interests and stage of development

• Stream your child’s favorite videos without ads, unsuitable content, and autoplay

• Parent Portal provides insights into your child’s greatest interests so you can nurture their imagination.

Join our waitlist and get early adopter benefits!

1. Guidde is for creating video documentation 11x faster, saving you time and effort ⭐⭐⭐⭐⭐ / 5 (G2)

2. Trag is an AI-powered code review tool that optimizes code reviews

3. PostPulse enhances SEO performance for SaaS startups with AI

4. Journable uses AI to track eating and exercise activity

5. JobSolv streamlines remote job searches using AI

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ADVERTISING

🔍 Google’s AI Search Overviews get ads

Our Report: As expected, Google is starting to monetize its AI-powered search summary feature—AI Overviews—by showing ads (just for US mobile users, currently), which they first announced they’d be doing, back in May.

🔑 Key Points:

• The ads will be related to the search query, for example, if a user is searching for a way to get grass stains out of their jeans, below the AI-generated summary, they will see stain remover products.

• The ads will be shown directly underneath the AI-generated summaries, will be labeled “Sponsored”, and will be drawn from advertisers’ existing Google Shopping and Search ad campaigns.

• Google has been testing AI Overview ads since May, and is rolling them out because, according to data, people have been finding “they can connect with relevant businesses, products and services” quicker.

🤔 Why you should care: While these ads might benefit users, publishers may suffer as the AI Overviews (and now the related ads), will push non-sponsored content further down the page, way below the fold, and advertisers may also struggle as—although AI Overviews take the primary position on search result pages, meaning their ads are directly beneath, in a prime location—their ads are still further down the page, potentially leading to fewer clicks and conversions, but Google is not currently reporting on AI Overview ad performance, so it will be difficult for them to tell.

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TOGETHER WITH OSUM

⚡️ Supercharge Your Market Research With AI

Using up-to-date customer insights can result in higher quality leads and contribute to 175% growth in sales with 72% faster lead conversion… 

However, market research projects can easily cost a lot and take weeks to complete…

Osum helps you perform deep market research in seconds to identify untapped growth potential...

Simply copy-paste any URL to instantly access detailed industry insights, competitive analysis, targeted customer personas, sales prospect insights, actionable growth opportunities, and more for any product or business...

Stay ahead of your competition and discover new ways to unlock 10X growth.

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Friday’s Prompt: How to project revenue and expenses using ChatGPT

Type this prompt into ChatGPT:

Results: After typing this prompt, you will get a model that will project your revenue and expenses for the next five years.

P.S. Use the Prompt Engineer GPT by AI Tool report to 10x your prompts.

How to stay compliant and prevent penalties with AI

• Regulations have tripled since 2008, and are continuing to accelerate making it harder to stay compliant and prevent penalties.

• AI tools for regulatory compliance, AML/KYC processes, and consent management can keep you compliant, in less time, with fewer resources.

• Compliance.ai has ML models, guided by experts, that can produce actionable insights for regulatory change management.

• ChatGPT can track/report anomalies and suspicious activity, transforming Anti-Money Laundering (AML) and Know-Your-Customer (KYC) processes.

• Usercentrics is an AI-powered Consent Management Platform (CMP) that can help you comply with global data privacy laws.

Subscribe to The AI Report for more details and more premium insights and tactics!

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INTERNAL POLITICS

🚢 Another OpenAI-er jumps ship

• Tim Brooks—who spearheaded the build of OpenAI’s text-to-video generator, Sora—has quit OpenAI for Google’s AI research division, DeepMind, to work on virtual environments and video generation technology.

• Although he thanked OpenAI for an “amazing two years making Sora,” Brooks’s exit comes as reports reveal that the (still unreleased) Sora is suffering from setbacks and is now way behind rival systems.

• His departure follows a recent slew of rapid exits, as OpenAI loses its CTO (which they aren’t replacing “for now”) Research VP, Lead Researcher, Chief Scientist, Safety Leader, and two co-founders.

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RECRUITMENT

🥳 Musk throws OpenAI hate party

• Elon Musk moved into OpenAI’s old HQ offices this week, and threw a recruitment party, to tempt developers to join his AI start-up—xAI—tactically, on the same day OpenAI had its annual DevDay.

• He outlined, to the attendee developers, plans to achieve Artificial General Intelligence (AGI) in two years, build a “supersonic jet company” next, and open-source xAI’s models, nine months after every launch.

• He divulged that—although he thinks it’ll be a top AI player for the next five years—he didn’t trust OpenAI as it was “closed, for maximum profit,” which could’ve been an attempt to secure top talent over OpenAI.

🎙️Insights from Hank Barker: A Young, Self-Taught AI Entrepreneur

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Until next time, Martin & Liam.

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