Welcome, humans.
The Neuron is like an NYC taxi driver. The AI roads might be crazy, but rest assured, you'll arrive at your destination on time. 🚕
Here’s what’s going on in AI today:
- Corporate executives are bullish on AI.
- PwC is investing $1 billion into generative AI.
- Midjourney is shipping new updates fast.
- Why AI might mean the end for big business.
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Execs Are Bullish On AI, But Unprepared 😴
WSJ
The three most common concerns we hear from readers are: will AI impact my job, how will AI impact my job, and when will AI impact my job?
A survey of 300 global corporate executives revealed the answers we've been craving. Here's the tl;dr.
1/ 65% of execs think AI will have a high or extremely high impact on their org, and 77% believe generative AI will be the most significant tech in the next 5 years. Mars can wait.
2/ Most execs expect AI to have the greatest impact on R&D, sales and marketing, and operations.
3/ Most importantly, execs aren't ready for AI to completely take over.
- 60% said their company is 1-2 years from implementing its first generative AI solution. We might all have jobs in 2024!
- The main concerns for business leaders about AI include cybersecurity and data privacy. Plus, they need the tech talent to implement it.
Why it matters: AI will be everywhere, but not immediately. There's a massive opportunity for whoever can help enterprises implement AI and manage risk.
No, The Neuron isn't becoming a consultancy (yet!).
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PwC Is Pumping $1 Billion Into Generative AI ⛽️
Wake up, econ buffs: AI is coming to corporate America.
PwC is investing $1 billion into generative AI over the next three years. The funds will be distributed toward hiring AI workers, training existing staff, and acquiring AI software.
It's not PwC's first dabble in AI. Last month, the consultancy partnered with Harvey, bringing its "professional services" chatbot to 4,000 of its lawyers. (btw congrats to the Harvey team for closing its $21 million round yesterday)!
PwC's grand plan involves automating its operations and advising companies on how to adopt AI. PwC's vice chair Mohamed Kande expects AI to help...
- write reports
- prepare compliance documents
- analyze business strategies
- identity inefficiencies in operations
- create marketing materials
...and much more.
Bottom line: A big focus for PwC will be building AI in private with data and decision transparency as it begins working with Microsoft Azure and ChatGPT.
A question for the audience: Do you run an consultancy/agency or provide professional services? Let us know how you use (or want to use) generative AI in your daily work!
Around the Horn 🦄
- Yelp released a new AI-powered discovery experience that helps match users with local businesses.
- Midjourney is shipping new updates fast and has much in store for the rest of '23.
- Check out this AI-generated pizza ad that took three hours to make with Midjourney and Runway (spoiler: it's impressive, but hilariously bad)!
- Google researchers have developed a new method to enhance the performance of Stable Diffusion models on mobile devices.
- A thought-provoking piece on why AI might "spell the end of big business".
Treats To Try 🍿
- Annie is an AI chatbot friend that you can call and talk to anytime.
- Promptly is a no-code platform that helps you build AI apps and chatbots on your data.
- HuggingChat is the first open-source alternative to ChatGPT.
- Cohere helps you build secure language models for enterprise use cases.
- Pebblely lets you create dozens of beautiful product photos with AI.
DM us links on Twitter: @nonmayorpete & @noahedelman02.
Thursday Trivia 🥇
Midjourney is getting scary good. We pasted these two photos and then forgot which one was real!
Everybody knows the rules: one is real, and one is AI. Which is which?
A/
B/
A Cat's Commentary 😻
Best comment ever? 👇
Trivia Answer: A/ is AI (creds Nick St. Pierre), and B/ is a real photo.
That's all we have for today! See you cool cats on Twitter if you're there: @nonmayorpete & @noahedelman02.
