Today’s Top Picks:

Stay informed with our daily dose of AI news and industry insights to help you make informed business decisions.

• A design firm created with AI tools in one weekend fooled some people - Even with its flaws.

  • TL;DR - We don't have to spend time and money building a full business to test an idea. AI can quickly launch our project and help us gauge its potential success. It's a game-changer for testing project possibilities If you want a step by step guide, check out our blog.

• Due to the comments about ChatGPT's models and API outputs getting worse in the last few weeks, OpenAI has launched a free, open sourced, benchmark tool that allows anyone to evaluate and test quality over time. Give it a try here.
  

  • TL;DR - Fast growth creates high expectations. To stay ahead in terms of product and service quality, it's crucial to actively listen to customer concerns. Offering customers the chance to try our offerings not only builds trust but also provides valuable insights for improvement.

• If you're an investor looking to capitalize on the AI revolution, you can't miss this: The 5 Best Performing AI ETFs of 2023. ETFs linked to AI are having a great year, with returns of up to 75%.

   

  • TL;DR - While you can use AI to help pick stocks (IndexGPT), jumping on the AI ETF ship as the financial waves gather speed and size might be a smart idea too.

What’s new with AI Regulation?

Considering this hot topic is going to be around for a while, we’ve added a new section to cover the highlights of what you need to know each day, if you’re into that.

• Even ChatGPT allies are concerned about privacy issues. Japan privacy watchdog warns ChatGPT-maker OpenAI on user data.

• Will we see AI regulation for each industry? Code of conduct key for responsibly harnessing AI in newsrooms.

• The UK’s AI industry explored as Secretary of State leads roundtable. Looks like AI regulation will continue to bring governments and companies together.

• South African AI industry association launches on 19 July 2023. We'll hear one more voice in the conversation of AI regulation and its ethical use.

AI Tip of the day:

Embrace AI-powered financial forecasting tools like Neptune and H2O AI Cloud to gain a competitive edge in budgeting and planning. Accurately predict future financial performance to make strategic resource allocation decisions. Whether you run a small business or a large enterprise, leveraging AI technology improves financial outcomes and drives overall success.

Imagine a small retail business seeking to enhance budgeting and planning. By implementing AI-powered financial forecasting tools, they gain valuable insights into their financial performance. AI algorithms analyze sales data, market trends, and historical patterns to generate accurate revenue and expense forecasts.

With AI-powered financial forecasting, businesses make informed decisions on inventory, staffing, and marketing. Optimal budget allocation ensures meeting demand while minimizing costs, leading to improved financial performance and efficiency.