Hey AI enthusiasts,

Welcome to your weekly dose of the latest news in the world of AI & more.

THIS WEEK’S MENU:

• Top 3 AI News of the Week 📰

• Top 3 AI Tools of the Week 🦾

• Gen AI Digital Art Picks 🎨

• 3 Ways to Make Money with AI 💸

Read time: 5 minutes

Top 3 AI News of the Week

1. Humane launched its OpenAI-powered wearable pin priced at $699 that can take photos and translate conversations

The wearable AI device, developed with contributions from giants like Microsoft and OpenAI, marks a significant stride in integrating AI into personal technology. The AI pin offers features like photo mode, voice-to-text, language interpretation, and integrates ChatGPT for seamless interactions. It's designed for privacy, with a 'trust light' indicating active sensors.

2. Hollywood Actors Strike Ends with a Tentative 3 Year Deal Increasing Payments & Protections Against Unauthorized Use of AI Generated Images

The recent resolution of the Hollywood actors' strike emphasizes enhanced protections against unauthorized AI usage, as the actors fear being replaced by “digital doubles”. The deal, valued at >$1billion, includes increases in mimum salaries and a new bonus paid by streaming services, according to the union.

3. GPT-4 Leads in a new Public LLM Hallucination Accuracy Study, with Open Source Llama 70B Taking 3rd Place

GPT-4 emerges as the most accurate large language model (LLM) with a 97% accuracy rate, whilst open source Llama 2 70B ranks 3rd with 94.9% accuracy. The Public LLM leaderboard computed using the Vectara’s Hallucination Evaluation Model highlights the AI developers’ continued leadership in developing reliable and coherent AI models.

Top 3 AI Tools of the Week

1. GPTs by OpenAI: Build Your Own Custom AI

OpenAI introduces GPTs, a new feature offering users to build their own custom AI assistants. By the end of the month, the users will also have the opportunity to publish their GPTs to OpenAI App Store and monetize them. This tool is perfect for businesses and individuals looking to tailor AI capabilities to specific needs, offering personalized conversational AI experiences.

Application: Ideal for creating unique chatbots or AI assistants specific to your business requirements or personal interests.

2. Try it On for Studio Quality AI Headshots

'Try it on' offers a unique AI service to generate studio-quality headshots. Using AI, this tool provides professional-grade portraits without the need for a physical photo shoot.

Application Example: Professionals seeking high-quality headshots for their online presence or companies needing consistent employee portraits for their websites can utilize this tool for quick and cost-effective solutions.

3. RunwayML's Text-to-Video Magic

RunwayML stands out in the realm of AI with its advanced text-to-video generation capabilities. This tool can create high-quality videos akin to Hollywood movie standards, showcasing the cutting-edge of AI-driven video production.

Application Example: Filmmakers and content creators can use RunwayML to generate visually stunning scenes or trailers from textual descriptions, significantly reducing production time and costs.

GenAI Art Picks: Your Weekly Dose of AI Inspiration

Introducing out our top AI art picks this week to get you inspired to create your own AI masterpieces. 🙌 👨‍🎨

Isn’t it amazing that all these images were AI-generated? Believe it or not, every pixel was machine-crafted!

3 Ways to Make Money with AI

1. Create and Sell Custom GPTs 💎

   Design and build custom GPT models to boost your business's efficiency or monetize them on the app store. These custom GPTs are your ticket to standing out in the AI space. Imagine the boost they'll give your business, plus the extra cash from sales. It's a win-win!

2. Generate premium AI images 📸 

   Enter the world of AI-generated art and watch your creativity turn into cash. Whether you're stocking up online galleries or sprucing up your business visuals, these AI masterpieces can be your golden ticket. A splash of AI artistry can transform your brand's look or fill your wallet – the choice is yours!

3. Produce and Sell AI Videos 🎬
   Get ready to make waves with AI-generated videos. Whether it's giving your business a visual edge or selling these high-quality productions, you're opening doors to endless possibilities. It's all about making videos that catch attention, engage and sell.

That's it for this week's AI journey! 🎈 Hope you found some gems to spark your curiosity and imagination. Stay tuned for more AI news and tips next week. Keep exploring and stay awesome in the world of AI!

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