TOGETHER WITH CHATNODE
Welcome to AI Tool Report!
Friday’s top story: Musk has added new defendants (including Microsoft) and plaintiffs to strengthen his lawsuit against OpenAI.
💯 Use your own data to build a no-code, custom AI chatbot that truly understands your business and gives accurate responses, 100% of the time, with ChatNode.
🌤️ This Morning on AI Tool Report
⚖️ Musk escalates OpenAI lawsuit
🤖 How to build a no-code chatbot that’s 100% accurate with ChatNode
📜 EU’s new AI rules unveiled
💼 How to become an AI Consultant with Innovating with AI
👁️ How to see what factors will affect my commercial outlook using ChatGPT
⚡ 40% of data centers at risk by 2027
🌍 NASA and Microsoft unlock Earth's secrets
Read Time: 5 minutes
FACT OF THE DAY
🤔 Studies show that around 67% of consumers have used a chatbot within the last year, 80% will engage with one if they’re offered one, and 31% of companies that utilize custom chatbots have reached their company goals.
STOCK MARKETS
🛝 AI and tech stocks slid to the downside during Thursday’s trading. Since the election, Tesla has risen over 30% to a 52-week high at $359. Short sellers are hurting, losing a total of $7.8B on this recent rally. Investors are taking stock of the situation. Learn more.
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LEGAL
Our Report: After withdrawing his lawsuit against OpenAI in July (accusing it of abandoning its non-profit founding mission), and re-opening it again in August, Elon Musk has now thrown new antitrust accusations and defendants into the mix—including Microsoft, LinkedIn co-founder Reid Hoffman, and ex-OpenAI board member and Microsoft VP, Dee Templeton—and has added support from two new plaintiffs: Neuralink exec and ex-OpenAI board member Shivon Zilis, and Musk’s AI startup, xAI.
🔑 Key Points:
Musk alleges that OpenAI is “trying to eliminate competitors”, such as xAI, by “extracting promises from investors not to fund them” and is unfairly benefitting from Microsoft’s infrastructure, calling it a “de facto merger.”
He argues that Hoffman (who’s on the board at Microsoft, and was at OpenAI, until 2023) has an illicit view of the company's dealings and that Templeton facilitated antitrust violation “agreements between Microsoft and OpenAI.”
He says plaintiff Zilis—the mother of 3 of his kids and ex-project director at Tesla and Neuralink—repeatedly raised concerns over OpenAI’s dealmaking, similar to his own, but they “fell on deaf ears.”
🤔 Why you should care: These amendments strengthen the original premise of the lawsuit: Musk believes that, as one of the initial co-founders of OpenAI, he was coerced into getting involved in the start-up by assurances that it would remain a non-profit that was committed to making safe and transparent AI available for all, but its quickly, in the space of just eight years, become a $157B for-profit subsidiary of Microsoft, and in doing so “violates almost every principle of law governing economic activity,” something which OpenAI has dismissed as blusterous” and baseless.
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TOGETHER WITH CHATNODE
Still drowning in customer questions?
With ChatNode, it's now even easier to build advanced AI chatbots that deeply understand your business, handle inquiries 24/7, and drive more sales.
Here’s why ChatNode is different:
🔍 Reliable Responses: RAG technology ensures consistent and accurate answers.
⚡ Easy Setup: Create and launch your chatbot quickly, no coding required.
🔒 Enterprise-Grade Security: Top-tier security and compliance for your data.
🔌 Connects with Your Software: Zendesk, Slack, Google Drive, Notion, Zapier, SharePoint, Dropbox, Onedrive, Make, and more.
💬 Live Agent Handoff: Easily transfers chatbot conversations to human agents.
🤖 Model Agnostic AI: Choose your LLM: Claude, Gemini, ChatGPT, and Perplexity.
TRENDING TOOLS
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POLICY
Our Report: The EU has released a 36-page draft Code of Practice, designed to operationalize the landmark EU AI Law (which came into effect in August), serving as a roadmap for tech companies developing ‘General Purpose AI’ (GPAI) to help them bypass penalties for non-compliance, and has asked for stakeholder feedback, with the plan to finalize it by May 2025.
🔑 Key Points:
The draft states that AI companies must use web crawlers that “read and follow instructions expressed by the Robot Exclusion Protocol (robots.txt)” and release information on “data used for training, testing, and validation.”
They must also release the results of testing processes and set up a Safety and Security Framework (SSF) that details their risk management policies to “assess and proportionately mitigate systemic risks.”
Board-level executives must also take accountability for systemic risk, and bring in outside experts to “enable meaningful independent testing and risk and mitigation assessments.”
🤔 Why you should care: AI models released by the likes of OpenAI, Google, Meta, Anthropic, and Mistral, fall under the category of ‘general purpose AI’ and are, therefore, likely to be affected with penalties up to €35M ($44M) or up to 7% of their global annual turnover, whichever is higher, for non-compliance.
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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 have welcomed 300 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 a reader of AI Tool Report, you get early access to the next enrollment cycle.
PROMPT ENGINEERING
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Friday’s Prompt: How to determine what factors will affect my commercial outlook using ChatGPT
Type this prompt into ChatGPT:
Provide insights into how macroeconomic factors (e.g., interest rates, inflation) may affect our commercial outlook
Results: After typing this prompt, you will get insights into how specific macroeconomic factors will affect your commercial outlook.
P.S. Use the Prompt Engineer GPT by AI Tool report to 10x your prompts.
ACTIONABLE INSIGHTS
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BREAKING NEWS
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POWER
Gartner has projected that, by 2027, the power for AI applications will increase by 160%, meaning that 40% of global AI data centers will experience power shortages, leading to “operational limitations.”
This surge in demand for power is expected to disrupt the availability of power on the grid, limiting data center expansion, hampering the scalability of AI projects, and exacerbating carbon emissions.
Big tech companies, like OpenAI, are exploring alternative sources of carbon-free power, including nuclear and fusion power, and Bitcoin mining could also potentially provide a resolution by leveraging its heat waste.
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PLANET
NASA has partnered with Microsoft to build an AI chatbot—Earth Copilot—that can process NASA’s large-scale geospatial data, turning it into easy-to-understand answers to questions about the planet.
Currently, just scientists and researchers can access and interpret the data within NASA’s database, so Earth Pilot will “democratize” access to important scientific data for the ‘Average Joe’.
Scientists and researchers are currently testing Earth Pilot, but after this, it will eventually be integrated into NASA’s Visualization, Exploration, and Data Analysis (VEDA) platform, which anyone can access.
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Until next time, Martin & Liam.
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