Today’s Top Picks:

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

• Remember we told you AI regulation was inevitable? EU moves closer to the world’s first artificial intelligence regulation.

  • TL;DR - The first-ever AI regulation could be here as soon as June! But don't let that freak you out. We've got the key points covered for you: AI systems need to be safe, transparent, traceable, environmentally friendly, and non-discriminatory. So take a closer look at the AI tools you're using for your business, and check if your business's AI is up to par. Find the gaps, fill them in, and you won't have to worry about AI regulation cramping you. Preventing is always better than dealing with the consequences later!

• AI Startup Rewind Gets 170 Offers—and $350 Million Valuation in Unusual Fundraising

  • TL;DR - Entrepreneurship is all about thinking outside the box, not just in terms of your products and services, but also how you get the resources to grow your business. So instead of wasting your time making a ton of pitches, try to get investors to come to you. When they reach out, you can learn why they're interested in your business and how they can help, beyond just giving you money. It's important to focus on shared values and long-term goals, so that your partnership with the investor is more than just a transaction.

• Google’s back in the AI race: It launched Duet AI for Google Workspace.

  • TL;DR - We don't want to brag, but we totally called it. The big tech giants are doing everything they can to stay on top of the game. But, as small business owners, we can use that to our advantage. We all know how hard it is to integrate new tools into our workflows. That's why companies like Google, Microsoft, and Adobe are constantly adding new features to keep us locked into their systems. Sure, it might be tough for those startups that are trying to launch AI tools, but competition always brings out the best in everyone. Take a closer look at the tools you already have and make sure you're not wasting time looking for solutions you don't need.

AI Tip of the day:

Finding the perfect tools for your business can be tough, and creating your own AI models can be a daunting task. But there's a solution you might not have considered: transfer learning. With tools like TensorFlow and PyTorch, you can use pre-made models and apply them to your own specific tasks, even with limited data!

For instance, let's say you're a small eCommerce business looking to implement AI-powered product recommendations. You have limited customer data, and training an AI from scratch seems like too much trouble. But by taking a pre-made model that's already learned from vast amounts of data, you can simply input the data you do have. Then, fine-tune the model with your own specific product data to create a robust recommendations system tailored to your customers' preferences.

By starting with a pre-trained model you have the advantage of the AI’s previous knowledge, saving time and resources. It also allows you to navigate through the data limitations and still get the benefits that come with using AI models!