Today’s Top Picks:

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

• Who’s innovating where? Artificial Intelligence related patent filings activity decreased by 28% in the technology industry in Q1 2023. Same happened in the consumer industry and

  retail industry.

  • TL;DR - Tech giants filed numerous AI patents last year. Hence the decline in net new patents. One opportunity we're seeing is the rise of AI consultants who offer guidance and advice on AI implementation for businesses. Stay tuned as The AI Filter will soon launch the first AI Consultant course. Join to learn how to integrate AI into your business and monetize that service.

• Singapore wants to plug AI skills gap in finance sector.

   

  • TL;DR - Singapore is doubling down on becoming the first offshore resource for AI finance talent. If you’re in the talent sector, it could be worth a trip to build partnerships for the future. Plus, you can write off the travel expense.

• Here are all the AI updates Microsoft announced at its developers conference keynote.

   

  • TL;DR - AI leaders are changing their strategy. They're focusing on making AI tools smarter and more intuitive. It's all about quality and functionality over quantity, which is fantastic news for us, small businesses. We'll start seeing more of those all-in-one AI solutions that make our lives easier when it comes to integrating AI.

AI Tip of the day:

To start new projects, it's important to monitor our finances closely. We can easily overspend if we forget our limits. AI-powered financial forecasting can help us budget and plan effectively.

Tools like IBM Planning Analytics and Adaptive Insights analyze data identify trends, and improve prediction accuracy. With AI-powered financial forecasting, we can predict future sales, expenses, and cash flow. This helps us budget accurately and avoid surprises.

Using these tool reduces risks, improves planning, and predicts potential financial losses or cash shortages. By taking appropriate measures, we can reduce spending and increase capital. It also aids decision-making, highlighting investment opportunities for higher revenue.

In summary, AI-powered financial forecasting is a valuable ally. It provides accurate predictions, empowering us to make informed decisions and guide our business towards success.