Welcome, humans.
Today, we're diving deep into the numbers, so dust off those old TI-84 calculators from '07āthe ones you preloaded with formulas for those in-class math tests!
Hereās what you need to know about AI today:
- Most people are using AI at work, but companies are still experimenting.
- 77% of companies have started adopting AI.
- AirBnB paid $200M for a startup to boost its AI efforts.
- YouTube will disclose videos that include synthetic content.
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Will AI take your job?! Itās not a simple yes/noā¦
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Will AI take your job?
The Neuron's answer might be less satisfying than a simple 'yes' or 'no': it really depends.
It depends first on what your job is. AI in its current form excels at individual tasks. A Retool survey of >1,500 tech workers revealed that 88% of them are leveraging AI for:
- code/query assistance (48%).
- copywriting (33%).
- debugging (32%).
- data analysis (30%).
The good news is that most roles are more about workflowsāengineers write code AND analyze data AND write emails.
So far, AI has mostly boosted productivity for white-collar workers, rather than forcing them to update their LinkedIn bios to āopen for workā.
But some jobs are more single-task roles.
One study found that right after ChatGPT launched, there was a decrease in freelance writing gigs AND their pay rate.
And yesāAI will be only able to do more white-collar jobs over time. But, AI doing more of our jobs ā widespread job loss.
A little historical context...
In 1900, 36% of the US employed population worked in agriculture. Today, that number is 1.2%, and unemployment is <4%.
Why it matters: Yes, AI will take jobs, but itāll also create new ones. The best thing you can do today is learn how to work closely with AI in your field. (case in point: 63% of tech employers now favor folks who can code with AI rather than just knowing how to code).
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You're not alone in your AI concernsābusinesses are right there with you.
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Retool found that while 77% of companies have started adopting AI, most are still in the early stages.
One reason is companies donāt actually know what to use AI forā35% of companies are entering AI to ākeep up with trendsā and 31% to ākeep up with competitorsā.
Talk about some serious FOMO!
For the ones who do know what to use it for, itās sorta the same stuff weāve been hearing: in-product features (30%), customer support (26%), Q&A chatbots (26%), etc.
And those companies are grappling with challenges like AI accuracy (cited by 39%), data security concerns (33%), and cost issues (28%).
Itās giving gold rush vibes: everyoneās panning for gold in the same rivers, but some days feel rocky.
The front-runners in AI integration are mostly using OpenAIās hosted models, like GPT-4. A small minority are taking the plunge into more custom models with tools like:
- Hugging Face (26%).
- LangChain (18%).
- AWS Bedrock (12%).
- LlamaIndex (8%).
- Weights & Biases (8%).
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Around the Horn.
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- The recent evaluation ranking models on their hallucinations seemed to have its own flaws.
- A Chinese AI startup called 01.AI reached unicorn status in <8 months and outperforms Llama on some metrics.
- YouTube updated its AI policies to include discloses for āaltered or synthetic contentā.
- A team made OpenAIās speech recognition model āWhisperā 6x faster.
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Wednesday Wirings.
- Airbnb bought Gameplanner AI, an AI stealth startup, for ~$200M.
- Tabnine, a private AI coding assistant, raised $25M.
- Atlas, a platform to create 3D content with AI, raised $6M.
- Ozone, an AI-powered video editor, snagged $7M.
- DeepInfra, a cheap way to run AI models using an API, secured $8M.
We curated the top 27 tools you need for work in our āTop Tools For Businessā!
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A Cat's Commentary.
![](https://cdn.prod.website-files.com/6449a72526ec4987103ca41b/66a23b5fd2eadbb90f7c7e04_Newsletter_Image_Template_-_rectangle_at_70__wide_-_2023-11-14T145707.361.avif)
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![](https://cdn.prod.website-files.com/6449a72526ec4987103ca41b/66a20940829140cb2e58acfb_peteandnoahprofile.png)
Thatās all for today, for more AI treats, check out our website.
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See you cool cats on Twitter: @nonmayorpete & @noahedelman02
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