Wearable AI revolution 🚀

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Welcome to AI Creator! 👋

Toronto startup Ideogram, launched in August, is changing the game in AI image generation. It uniquely enables users to create images with readable text, setting it apart from competitors like Midjourney, OpenAI’s Dall-E 2, and Stability AI’s Stable Diffusion. This marks a significant industry advancement.

⏰ Top 5 Headlines

🔗Link: Facebook’s new AI-generated stickers are lewd, rude, and occasionally nude.

🔗Link: In a new paper, Sony AI ethics researchers call for AI algorithms to be measured against a diverse range of skin hues, in addition to skin tones.

🔗Link: You can now use the DALL-E 3 AI image generator inside Bing Chat.

🔗Link: Zoom Docs launches in 2024 with built-in AI collaboration features.

🔗Link: NSA's new project takes aim at foreign AI hacks.

💬 Deeper Dives

Companies race to make AI you can wear

Entrepreneurs and tech giants, including Meta and Humane, are in a race to create AI wearables such as smart glasses and pendants, aiming to challenge the dominance of smartphones. These devices often rely on voice input, offering a novel approach to AI without the bulk of large displays.

Notable examples include Humane's AI Pin, a projector-based wearable with a simple user interface; Rewind.ai's Pendant, a $59 neck-worn device recording and organizing conversations; and Meta's smart glasses allowing users to interact with an AI chatbot. Tab, a forthcoming smart wearable, aims to understand users' daily lives by listening to conversations.

Meta and Amazon's smartphone challenge: Meta and Amazon are investing in AI wearables to potentially make smartphones obsolete. Facing challenges from Google and Apple in the smartphone market, they seek a share in the future of tech beyond smartphones. Despite the push for new hardware, the smartphone remains deeply ingrained in daily life, presenting both opportunities and challenges for AI wearables.

ChatGPT vs Bing vs Bard: Comparative analysis

In the realm of AI, ChatGPT, Bing Chat, and Bard stand out for their unique strengths. ChatGPT, developed by OpenAI, excels in natural language understanding and content creation. Bing Chat, from Microsoft, stands out in managing context for customer support. Google's Bard, though less known, shines in multilingual tasks. Each model has its niche, with ChatGPT leading in content creation, Bing Chat in context management, and Bard in multilingual capabilities. The choice depends on project needs, emphasizing the ongoing responsibility for ethical AI development and fostering inclusivity in the digital landscape. 🔗Explore the comparative analysis

Celebs warn of deepfakes

Celebrities like Gayle King, Tom Hanks, and MrBeast are sounding alarms about deepfake misuse. King distanced herself from a fake product, Hanks warned about a dental plan with his AI likeness, and MrBeast exposed a scam iPhone giveaway. These incidents underscore legal and ethical challenges in the AI content realm, with global laws lagging. Hollywood, through SAG-AFTRA, is in talks on safeguarding actors' likeness. Concerns go beyond entertainment, reaching social media influencers like MrBeast. The ease of AI replication raises broader issues, from misinformation to job loss, urging comprehensive regulations and questioning tech company responsibility. 🔗Read more

How AI may change entrepreneurship

Ideation Revolution: AI systems like ChatGPT, Bing, and Bard reshape startup ideation by analyzing vast datasets to uncover unmet needs and propose innovative solutions. Entrepreneurs can refine ideas, explore variables, and receive diverse suggestions, essentially acting as a comprehensive business coach.

Advanced Market Research: AI enhances market research by tapping into extensive databases, analyzing technical reports, financial filings, social media sentiments, and consumer surveys. This provides a deeper understanding of market trends, helping entrepreneurs make informed decisions about market entry and minimizing risks.

Efficient Testing and Promotion: AI facilitates rapid testing by simulating customer interactions through predefined digital personas. Entrepreneurs can experiment with multiple personas simultaneously, allowing quick and cost-effective validation of ideas. Additionally, AI automates tasks like market research, promotional campaign planning, and content creation.

Caveats: Entrepreneurs must be cautious of AI's potential for "hallucinations". AI-generated ideas may lack the innovation defining successful startups, highlighting the importance of human creativity. Moreover, AI's reliance on historical data limits its ability to predict future trends, crucial for visionary entrepreneurs. 🔗Read more

🧰 Trending Tools

1. 🔗WebWave AI: Generate website with one click and change whatever you want.

2. 🔗Clay: AI personalized outbound at scale.

🚀 Funding Spotlight

• Unitary AI picks up $15 million for its multimodal approach to video content moderation.

• Visa earmarks $100 million to invest in generative AI companies.

• Female-founded AI startups win just 2% of funding deals in UK.

• Stampli raises $61 million, aims to bring AI to accounts payable.

🤳 Extra reads

• 🔗The Washington Post: ChatGPT provided better customer service than his staff. He fired them.

• 🔗WSJ: CIOs feel heat from CEOs on generative AI.

• 🔗The Atlantic: Artists are losing the war against AI.

The team behind today’s issue: Lavena Xu-Johnson, Anndy Lian, Hubert Trinkunas and Rosa Cecilia.