TOGETHER WITH INNOVATING WITH AI
Welcome to AI Tool Report!
Monday’s top story: California Governor, Gavin Newsom, has vetoed the controversial AI safety bill—SB 1047—for dismissing the potential danger of smaller AI models.
🌤️ This Morning on AI Tool Report
🔍 California rejects AI safety bill
💼 How to become an AI Consultant
✅ Amazon/Anthropic AI partnership cleared
🔒 How to protect your personal info, online
❓ How to write an online FAQ section using ChatGPT
🚨 ChatGPT price hike incoming
📨 Gmail just got smarter
Read Time: 5 minutes
FACT OF THE DAY
🤔 One of the earliest forms of AI—"Shakey the Robot"—was built in the 1960s and could navigate rooms, stack blocks, and even plan out its movements, becoming one of the first robots to reason about its actions.
STOCK MARKETS
🫤 Apple's stock remained relatively stable, with concerns about the Vision Pro headset's high price potentially impacting sales. NVIDIA experienced a mixed week, initially surging but then facing resistance, while its CEO sold a significant number of shares. Microsoft underperformed despite announcing a partnership with BlackRock for AI infrastructure, with its stock price showing weakness throughout the week. Learn more
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REGULATION
Our Report: California Governor, Gavin Newsom, has vetoed the high-profile, controversial AI safety bill—SB 1047—which was designed to make tech companies developing large AI models (costing over $100M) liable, by law, for their safety, which was opposed by many powerful players in Silicon Valley, including a16z, former House Speaker Nancy Pelosi, OpenAI, and The Chamber of Progress, who all felt it would stifle innovation.
🔑 Key Points:
Governor Newsom said that while the bill was “well-intentioned,” it was too broad and didn’t consider whether an “AI system was deployed in high-risk environments, involved critical decision-making or the use of sensitive data.”
He said it focused too much on the biggest AI models, saying that “smaller, specialized models may emerge equally as dangerous than the models targeted by SB 1047,” and could give the public a false sense of security.
SB 104’s author—Senator Scott Wiener—said his decision was “a setback for everyone who believes in oversight of massive corporations that are making critical decisions” affecting public safety and welfare.
🤔 Why you should care: One of the bill's biggest opponents—Nancy Pelosi—praised Newsom for recognizing the “responsibility we all share to enable small entrepreneurs—not big tech—to dominate,” and comes after the federal government announced a $32B roadmap (in May) that details areas lawmakers should look into, including the impact of AI on elections, national security, and copyrighted content.
Do you think Newsom’s decision to veto SB 1047 was right?
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Together with Innovating with AI
The AI consulting market is about to grow by a factor of 8X – from $6.9B to $54.7B in 2032.
But how does an AI enthusiast become an AI consultant?
How well you answer that question makes the difference between just “having AI ideas” and being handsomely compensated for your contribution to an organization’s AI transformation.
Thankfully, you don’t have to go it alone – our friends at Innovating with AI just welcomed 200 new students into The AI Consultancy Project, their new program that trains you to build a business as an AI consultant. Some of the highlights current students are excited about:
The tools and frameworks to find clients and deliver top-notch services
A 6-month plan to build a 6-figure AI consulting business
Students getting their first AI client in as little as 3 days
And as an AI Tool Report reader, you get early access to the next enrollment cycle.
TRENDING TOOLS
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Inncivio is an AI-powered learning infrastructure for businesses
GuideJar creates step-by-step guides using AI
Bliro is an AI assistant for meeting notes
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COMPETITION
Our Report: The UK’s Competition and Markets Authority (CMA) has concluded its investigation into Amazon’s partnership with makers of Claude (a ChatGPT equivalent), Anthropic—after it invested $4B into the company six months ago, prompting concerns around the effect this partnership would have on fair competition—and has found that the partnership can’t be further investigated under current merger rules, due to the size and scope of the deal.
🔑 Key Points:
The CMA wanted to see if the partnership would give Amazon “material influence” over Anthropic, despite Anthropic stating its “strategic partnerships” didn’t diminish its corporate governance independence.
They found that although the partnership grants Amazon certain rights, and involves collaboration between both parties, it doesn’t create a “relevant merger situation” that protects it from competition.
This is because Anthropic’s turnover is below £70M, so doesn’t qualify as a relevant merger, and the two companies collectively don’t control 25% or more of any UK market, so doesn’t pose a threat to competition.
🤔 Why you should care: This is just one of many, similar antitrust investigations that the CMA has launched recently, having opened an ongoing investigation into Google’s $2B partnership with Anthropic and one into Microsoft's $13B partnership with OpenAI, but clearing Microsoft’s Inflection acqui-hire (a growing trend in the tech sector which involves hiring startup founders and talent or making strategic funding decisions, instead of completing a formal merger or acquisition, which often invites increasing scrutiny and regulatory challenges) and its ‘close-ties’ with French AI startup, Mistral.
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Together with Incogni
You’ve likely received a sketchy call, text, or email asking for $$$. It might've been easy to spot, but with deepfakes and AI, scams are getting trickier.
Scammers use your personal data, often bought legally from data brokers who sell your mobile number, DOB, SSN, and more. Incogni scrubs your data from the web, taking on 175+ data brokers on your behalf.
Unlike others, Incogni deletes your info from all broker types, including people search sites where anyone can purchase your details for a few bucks.
PROMPT ENGINEERING
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Monday’s Prompt: How to write an online FAQ section using ChatGPT
Type this prompt into ChatGPT:
Create a FAQ section for our website for our new product line
Results: After typing this prompt, you will get an FAQ section that answers common customer questions about your new product line.
P.S. Use the Prompt Engineer GPT by AI Tool report to 10x your prompts.
BREAKING NEWS
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PRICING
According to insider reports, OpenAI is planning to raise the price of individual ChatGPT subscriptions from $20 to $22 p/m by the end of this year, with a steeper increase to $44 p/m by 2029.
This reflects pressure from investors for OpenAI to reduce its losses, as it's expected to drop $5B this year thanks to staffing, office rent, and AI training, which is costing roughly $700,000 p/d.
There are concerns that this rapid price increase could trigger a huge backlash from the 10M ChatGPT customers, as surveys have shown that the majority already think $20p/m is too much.
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FEATURES
Gmail’s ‘smart reply’ feature—which provides response suggestions, so users don’t have to manually type a reply, making it quicker and easier for users to correspond over email—has had an AI upgrade.
The new feature—called Contextual Smart Replies—takes the entire thread of the email into account when providing responses, meaning users will get better, more contextualized suggestions.
It’s available (currently just in the English language) to Google Workspace and Google One AI Premium users, who can also select a response from several options and edit it before sending it.
RECOMMENDED RESOURCES
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Until next time, Martin & Liam.
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