Today’s Top Picks:

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

• • TL;DR - The real question is not whether we should pause the development of AI to avoid massive layoffs, but rather which roles AI cannot replace and which new roles AI is creating. As small business owners and entrepreneurs, we should invest efforts in acquiring qualified talent that will help our business grow and be competitive. Identify the right AI tools for your business, and value the human talent you have in your company, train it, and take advantage of it.

• • TL;DR - Is the AI bubble set to pop? It's too soon to tell, but what we do know is that some of the recent investments in AI have been nothing short of staggering. This means there's a lot of money on the table, and if you're thinking of raising money to grow your business, you should take advantage of this situation. But don't forget, it's not enough to have a cool pitch or make your business look good in front of investors. You need to build realistic plans around innovation and AI implementation to stay relevant in today's market.

• Samsung has banned the use of AI tools like ChatGPT, on company-owned devices and non-company-owned devices running on internal networks after an internal data leak in April. Are giants planning to leave the AI race?

  • TL;DR - No, definitely not. Actually, Samsung is developing its own in-house AI tools for software development and translation, and the ban will be lifted once security measures are in place. Don't wait until your business faces an awful situation like this one. Take action to prevent it. Build your own guidelines for using AI tools in your business, audit your security systems on a regular basis, value your customers' data, and make sure you treat it in ethical ways. The Ai Filter is working on an AI Audit Checklist that will help you. Stay tuned for more information.

AI Tip of the day:

Use AI-powered chatbots to improve your customer service and save time! Tools like Dialogflow and Amazon Lex are great to implement them into your business with ease.

Let’s say one of your customers has a question about a product or service offered by your company. They could call your business and wait on hold for someone to answer, but waiting in this fast-paced world is not something a lot of customers are willing to do. So, if the wait is too long, it could potentially lead to a customer leaving, and that could happen in just a few seconds or minutes.

A chatbot can provide assistance 24/7, even outside of normal business hours, which can increase customer satisfaction and loyalty. And with the new developments in this kind of software, it will feel no different than talking to a real-life agent.

This is why knowing and using chatbots is starting to become an important business practice. Not to mention the fact that AI is capable of learning based on your customers' answers and behaviors, which helps bring a personalized experience to everyone. This, in turn, can increase the satisfaction of your customers and possibly lead to revenue increases for you.