Today’s Top Picks:

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

• AI startup Anthropic wants to write a new constitution for safe AI.

  • TL;DR - When you see governments, businesses of all sizes, and customers concerned about the same thing, that's when you know something huge is on the horizon. We may not know when or how, but AI regulation is clearly inevitable. As a small business owner, it's crucial to be prepared. By taking proactive steps such as unbiased system training, promoting ethical AI practices within your team, and staying informed about industry-specific laws, you can navigate the evolving landscape and position your business for success in the AI era. Embrace the possibilities while staying compliant – the future is yours to shape!

• Bessemer Venture Partners is committing $1 billion to invest in AI startups.

  • TL;DR - Saying that the AI industry will grow to nearly two trillion U.S. dollars is not an exaggeration. There's a lot of money on the table. As a small business owner, it's key to figure out how to get a piece of that pie. You can make your products and services better by adding AI, or create new offerings using APIs and plugins. If you're up for a challenge, you could even start a whole new business centered around AI, or help other companies build their own AI teams. With demand for AI solutions on the rise, being the first to offer the right thing could open up endless possibilities for you!

• Meet Dudesy! First written and produced podcast by an AI helps see how we are advancing.

  • TL;DR - Teamwork makes the dream work. Entrepreneurship is all about adapting and taking advantage of available resources, including AI, to get ahead of the curve. Identify the tasks that drain your time or energy and let AI take care of them. Remember that 80% of the outcome comes from 20% of the actions, so by selecting those actions more effectively, you can boost their impact.

AI Tip of the day:

Fraud is one of those threats that is hanging over you and you have no idea how to prevent or work against it. And only taking preventative measures with no action can lead to a problem occurring down the road. That is why using AI-powered fraud detection can be so important, and with help of tools like Feedzai can really help in the long run!

For example, let’s pretend you have an eCommerce site and an account suddenly exhibits erratic and unusual patterns, like accessing the page from multiple locations at the same time. Manually checking every account is time consuming, and waiting for something to happen is just a mistake.

This is where the AI comes in, it can easily identify these erratic patterns and flag the account as suspicious, taking preventative measures like blocking the account to prevent anything from happening, until you can reach your customer and ask if there’s a problem.

Not only does it help you automate the process, it can help you increase customer trust and satisfaction. Knowing that you are safeguarding their data and sensible information makes the customers trust you and it increases their confidence and loyalty.

In summary, using these tools is a proactive step towards securing your operations and ensuring a bright future for your small business!