- Evolving AI Insights
- Posts
- 📈 CEOs Bullish on Generative AI Investment
Welcome, AI enthusiasts
72% of CEOs view generative AI as a top investment while a viral AI app rakes in several hundreds of thousands of dollars per day.. Let's dive in!
In today’s insights:
CEOs Bullish on Generative AI Investment
OpenAI Ventures into Silicon
Unveiling Adobe's Stellar Stardust: A Leap in AI Photo Editing
Snap Back to School: Epik's Viral Feat
Read time: 4 minutes
🗞️ LATEST DEVELOPMENTS
Source: Shutterstock
Evolving AI: Generative AI has caught the eye of global CEOs, with a whopping 72% marking it as a top investment priority, as they look to leverage this technology to stay competitive, improve efficiency, and enhance customer experiences.
Key Points:
72% of CEOs label Generative AI as a prime investment focus.
A stark 57% favor tech acquisitions over upskilling employees.
ROI expectations peak in a 3-5 year span.
Details:
Generative AI has caught the eye of corporate moguls, with a whopping 72% pledging allegiance to its investment. The trend, however, unfolds a grim reality for manpower as 57% of CEOs lean towards technology procurement rather than upskilling their workforce. The ROI anticipation matures over a 3-5 year timeline, blending optimism with a dash of patience.
The Relevance:
Generative AI has caught the eye of corporate moguls, with a whopping 72% pledging allegiance to its investment. The trend, however, unfolds a grim reality for manpower as 57% of CEOs lean towards technology procurement rather than upskilling their workforce. The ROI anticipation matures over a 3-5 year timeline, blending optimism with a dash of patience.
OPENAI
🧠 OpenAI Ventures into Silicon
Source: Bryce Durbin / TechCrunch
Evolving AI: OpenAI is reportedly contemplating the development of its own AI chips, a move that diverges from its usual focus on software.
Key Points:
Transition from software to hardware.
Potential increase in AI performance and efficiency.
The promise of tailor-made AI solutions.
Details:
OpenAI's venture into chip development stems from a need to sustain its expanding AI models, currently hindered by the global GPU crunch. An internal chip venture, albeit costly and time-consuming, could provide a tailored solution, reducing dependency on external hardware providers like Nvidia.
The Relevance:
This step could mark a pivotal shift, potentially leading to a more self-reliant AI development model. It beckons the question, will this move spark a trend among AI-focused entities to take hardware matters into their own hands?
Source: Adobe
Evolving AI: Adobe's Project Stardust brings a new horizon in AI-driven photo editing, making object editing as simple as a click..
Key Points:
AI-based auto-masking, harmonization, and synthesis for photo-realistic results.
Easy object modification with a mere mouse-click.
Seamless removal or replacement of unwanted elements with AI-generated alternatives.
Details:
Adobe's freshly teased Project Stardust is a galactic leap in photo editing. It employs AI to make moving, modifying, or deleting any object a straightforward mouse-click operation. Stardust doesn't just stop at elementary edits; it pushes the boundary by offering a human-level understanding of objects and scenes, enabling the creation of photo-realistic results through AI-based auto-masking, harmonization, and synthesis. This innovative tool is designed to identify and adjust objects and distractions within photographs automatically, offering an unprecedented level of control over images.
Our Thoughts:
The coming of Project Stardust signifies a momentous shift in photo editing paradigms, opening doors to a world where creativity isn't bogged down by technical limitations. Could this be the dawn of a new era where AI doesn't just assist but spearheads artistic expression?
🚀 VIRAL
Source: Epik
Evolving AI: Epik, an AI application, skyrockets to the top of the App Store, thanks to its trending yearbook photo feature.
Key Points:
Epik app, a brainchild of South Korea-based Snow Corporation, skyrockets to the top of the App Store.
Users can generate retro-inspired yearbook photos, thanks to Epik's AI wizardry.
Two-tier pricing model: Standard and Express, priced at $5.99 and $9.99 respectively.
Details:
EPIK app, the new kid on the tech block, utilizes AI to revamp traditional yearbook picture designing. This viral sensation is not just about applying filters; it's an intelligent artist that crafts evocative yearbook pages from standard school photographs. With a hint of AI magic, every smile is broadened, every achievement highlighted, making school memories not just memorable, but EPIK. With the recent viral surge, it's estimated that the app garners several hundreds of thousands of dollars per day.
The Relevance:
Epik's success underlines a significant cue for AI developers - while solving real-world issues is pivotal, infusing a dash of humor and nostalgia could be the key to unlock a wider embrace. It nudges us to ponder, could the future of AI be not just smart, but amusingly relatable?
📈 Trending Writing Tools
🚀 Copy.ai - The fastest way to get work done with Generative AI (link)
✍️ Writesonic - AI content creation & customer experience platform (link)
🎯 Longshot.ai - Generative AI for fact-checked blogs (link)
🤖 Charley.ai - AI essay writer (link)
🔍 Frase.ai - Smart AI for smarter SEO (link)
📑 TLDRthis - Article Summarizer & Online Text Summarizing Tool (link)
Reply