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Welcome to AI Tool Report!
Wednesday’s top story: California Governor, Gavin Newsom, has revealed some interesting opinions on the controversial AI Safety Bill, SB 1047.
P.S. Scroll down to our Actionable Insights section to get HubSpot’s ‘AI Task Delegation Playbook’ and turn AI into your very own personal productivity powerhouse 🦾
🌤️ This Morning on AI Tool Report
🔍 Will Silicon Valley’s AI future shift?
💥 How to get organic web visitors in 2 weeks with zero effort
🔧 Google first to tackle AI images
💼 How to become an AI Consultant
🌍 How to manage a remote team using ChatGPT
💡 BlackRock + Microsoft: Big AI push
🕶 Snap reveals AR glasses
Read Time: 5 minutes
FACT OF THE DAY
🤔 The first AI-powered chatbot, ELIZA, first appeared in 1966—48 years before Amazon’s Alexa—and was named after Eliza Doolittle, the fictional character in My Pretty Lady.
STOCK MARKETS
✂️ AI stocks consolidated during Tuesday’s session as investors are nervous before US interest rates are released on Wednesday @ 2 pm EST. A rate cut of 25 basis points is expected, which could signal the start of several consecutive rate cuts. Learn more.
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LEGISLATION
Our Report: California Governor, Gavin Newsom, is currently reviewing 38 bills—that, if passed, could create new laws around AI—including the controversial SB 1047 AI Safety Bill (designed to hold tech companies accountable if AI systems cause great public harm), and although he hasn’t confirmed whether he’ll sign or veto the bill (he still has 2 weeks to decide), he has echoed concerns from some of its opponents (namely, OpenAI, Nancy Pelosi, the US Chamber of Commerce, and big tech trade groups).
🔑 Key Points:
Newsom is interested in bills that solve current problems, without upsetting California’s AI industry, and believes SB 1047 could have an “outsized impact” and a “chilling effect” on the open-source community.
Although the bill aims to prevent AI from creating huge disasters costing over $500M—such as bringing down critical infrastructure—he thinks it doesn’t hold companies accountable for anything less.
He said the disruption SB 1047 would bring to the AI industry will not happen overnight (as some have said) but signing the wrong AI bill will—over time—profoundly impact California’s dominance.
🤔 Why you should care: Despite his uncertainty surrounding SB 1047, Newsom has, this week, signed five AI bills to address AI issues, three have been designed to stop AI-generated election misinformation, and two to prevent Hollywood studios from using AI to clone actors.
Will Newsom sign the controversial SB 1047?
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AI IMAGES
Our Report: Over the coming months, Google will introduce a new feature to identify whether an image found in its search results (including Circle to Search and Google Lens) was taken with a camera, edited by software (like Photoshop), or generated using AI.
🔑 Key Points:
Google has partnered with the Coalition for Content Provenance and Authenticity (C2PA)—the biggest group tackling AI imagery—and will use their ‘Content Credentials’ standards to flag/label the origins of images.
They worked with C2PA to develop the latest version of the credentials and will use these and C2PA’s ‘Trusted List’ which validates the content's origins, to confirm if the information is accurate.
They will start by adding the origins of images within an ‘About this image’ button on search results pages, but they also plan to roll it out for YouTube viewers and also include it in their ads, later this year.
🤔 Why you should care: While the likes of Amazon, Microsoft, Adobe, Arm, OpenAI, and Intel, have all publicly backed CP2A’s image authentication standards, Google will be the first to implement it, as there are several adoption challenges, like just a handful of cameras from Leica and Sony have agreed to adopt it and be on the Trust List (although Nikon and Canon have pledged their support) and there are also issues with how to view the data, once its added to an image—most major platforms don’t have label systems, like Google—but its thought that Google’s uptake might encourage others.
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The AI consulting market is about to grow by a factor of 8X – from $6.9B now, 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.
PROMPT ENGINEERING
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Wednesday’s Prompt: How to manage a remote team using ChatGPT
Type this prompt into ChatGPT:
What are some best practices for leading and managing a remote team?
Results: After typing this prompt, you will get best practices on how to manage a remote team.
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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INVESTMENTS
Venture giant BlackRock plans to launch one of Wall Street’s biggest AI-focused funds—over $100B—with Microsoft and others, to build AI data centers and the energy infrastructure to power them.
The companies involved have formed a ‘Global Artificial Intelligence Infrastructure Partnership’ which is “committed to ensuring AI advances innovation and drives growth across every sector of the economy.”
GAIIP will initially seek $30B of private equity, which it will then leverage to raise $100B, which it doesn’t “believe will be a difficult task,” with most of the infrastructure being deployed in the US.
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LAUNCHES
At its annual Partner Summit, Snapchat announced new AI tools, including “My Selfie” which creates AI images based on Snapchat photos, although these images may appear in sponsored or personalized ads.
They also announced fifth-generation smart glasses with AR capabilities, which mirror mobile device screens, support hand gestures/voice commands, and shortly, OpenAI’s ChatGPT, but they’re just for developers.
An AI video-generation tool (available in beta) was also introduced, which allows creators to generate AI videos from text/image prompts, and also updates to the ‘My AI chatbot’ so it now works like Google Lens.
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