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🧐 Eric Schmidt’s AI Prophecy: Are You Ready for What’s Coming?

August 21, 2024

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When AI Knows What You Want Before You Do

Ever see an ad for something you didn’t even know you wanted? That’s AI at work, analyzing your behavior and preferences to predict what you might like.

While this can be super convenient, it also has a downside—AI could manipulate your spending or limit the diversity of ideas you’re exposed to. It’s a powerful tool, but one to watch closely.

Source: Daniel L. via LinkedIn

In Today’s Issue:

  • Apple’s Next Big Thing: A Tabletop Robotic Home Device?

  • AI Stories You Might Have Missed

  • 5 Trending AI Tools for Productivity

  • How to use Midjourney's new AI image editor

  • AI Glossary

  • Must-Apply AI Jobs Right Now

  • AI Prompts on This Week’s Menu

  • Bonus AI Bits and Bytes

Read time: Under 4 minutes

YOUR WEEKLY ESSENTIAL Ai BITES

Eric Schmidt’s AI Prophecy: Are You Ready for What’s Coming?

What’s the prediction? Could AI help you build a TikTok competitor in minutes? Eric Schmidt, Google’s former CEO, thinks it could happen within the next two years. Speaking at Stanford, Schmidt shared some eye-opening insights into the future of AI.

Why is AI evolving so fast? Schmidt highlighted the unprecedented uncertainty in AI. Just six months ago, he thought smaller AI models had the edge. Now, he’s not so sure. This rapid shift shows how volatile AI development has become.

What’s on the horizon? Schmidt described how large context windows, self-learning AI agents, and text-to-action capabilities could soon change the world on a scale bigger than social media. Imagine an AI that can create and iterate on a TikTok competitor in seconds, making it viral within an hour. This is the near future.

What does it mean for entrepreneurs? These advancements signal unprecedented disruption. Today’s AI tools are already powerful, but Schmidt envisions a future where AI rapidly iterates through products, both digital and physical. Entrepreneurs need to be ready for this fast-paced evolution.

How big is the investment? The scale of investment is staggering. Schmidt mentioned figures like $10 billion to $100 billion and even $300 billion, according to OpenAI’s Sam Altman. These numbers highlight the massive energy requirements that could reshape global alliances.

Why should you care? Schmidt’s candid insights, shared at Stanford, suggest we need to take these predictions seriously. As AI continues to evolve rapidly, it’s crucial to integrate these expectations into your future plans. Are you prepared?

Ai STORIES YOU MAY HAVE MISSED

Ai TO MAKE YOU A MACHINE AT WORK

5 Trending AI Tools For Productivity

🧠 Minvo: AI-driven video editing and social media insights for podcasts and live streams.

🧠 MasterComfy: Enhance workflows with custom nodes tailored to your needs.

🧠 adCopy: Rewrite ads in any language to boost clicks and conversions.

🧠 UpMetrics: Plan, launch, and grow your business efficiently.

🧠 SequensAI: Scale content generation to supercharge your lead pipeline.

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QUICK Ai HOW TO’S

How to Automate Your Calendar Using AI

Source: Reclaim.ai

  • Visit Reclaim AI’s website and sign in using your Google account. Your calendar will sync automatically.

  • Choose relevant habits from the list that align with your routine.

  • Set your preferred buffer time between meetings for smoother transitions.

  • Click on the Planner tab on the left, and let Reclaim AI optimize your calendar and events for the most efficient schedule.

  • Customize further by adding habits, tasks, buffer time, syncing calendars, and auto-scheduling meetings to suit your needs.

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Ai GLOSSARY

Top AI Terms of the Day

✨ Tokenization: Is the process of breaking text into smaller pieces, like words or subwords, to feed them into a language model. For example, the sentence "I am ChatGPT" can be tokenized into “I,” “am,” “Chat,” “G,” and “PT.”

✨ Weak AI: Refers to systems that are really good at specific tasks but can't handle anything outside of their narrow focus. For i

✨ Stable Diffusion : An AI system that uses deep learning to create images from text descriptions. For example, you can type a prompt like "sunset over the mountains," and it will generate an image that matches your description.

Source: Moveworks

WHO’S HIRING?

Must-Apply AI Jobs Right Now

Ai PROMPTS ON THIS WEEK’S MENU

Upselling and Cross-Selling

Prompt: Act as a customer-orientated business owner. Explain how to effectively upsell and cross-sell specific products to existing customers. Provide comprehensive techniques to identify upselling and cross-selling opportunities. Tailor offers to customer needs, create enticing product bundles, and implement personalized recommendations. Provide clear, detailed, and actionable solutions.

Before you start with this task, ask me a few questions about the business so you can provide the best results possible.

Boost Your Advertising Campaign

Prompt:  Act as a social media advertising specialist. Develop a plan for executing effective social media advertising campaigns for a business. Define campaign objectives, target audience segments, ad formats, and budget allocation. Provide strategies for optimizing ad performance, targeting, and conversion tracking. Empower entrepreneurs to leverage.

Before you start with this task, ask me a few questions about the business so you can provide the best results possible.

Get Help with Crisis Management 

Prompt: Act as a crisis management expert with 40 years of experience. You advise a business. Describe likely social media crises and scenarios that could damage the brand's reputation. Develop a plan for handling those worst cases. Outline strategies for proactive reputation monitoring, addressing negative feedback or reviews, and managing sensitive issues. Guide on maintaining transparency, empathy, and professionalism during challenging situations.

Before you start with this task, ask me a few questions about the business so you can provide the best results possible.

BONUS Ai BITS AND BYTES

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