đź—ĽThis week in AI: Google's AI takeover, Publishers' nightmare

OpenAI’s valuation rockets to $80 billion, while Canva assists educators.

This week, we delve into the latest happenings around AI-powered digital products. From Canva's innovative classroom tools to Microsoft's huge investment in Australia, these stories are shaping the AI landscape. Plus, discover tools that leverage AI for enhanced productivity, dive into AI-enhanced processes, and meet the champions pushing the AI frontier. Happy reading!

AI NEWS 🗞️

Canva launches free AI 'Classroom Magic' tools for educators. Canva for Education users will have access to student-safe AI and thousands of other classroom resources. (Link)

Microsoft to spend $3.2b in Australia as AI regulation looms. Microsoft (MSFT.O) said it will spend A$5 billion ($3.2 billion) expanding its artificial intelligence and cloud computing abilities in Australia over two years as part of a wide-ranging effort that includes skills training and cyber security. (Link)

As Google pushes deeper into AI, publishers see fresh challenges. Since May, Google has begun rolling out a new form of search powered by generative AI, after industry observers questioned the tech giant's future prominence in providing consumers with information following the rise of OpenAI's query-answering chatbot, ChatGPT. (Link)

OpenAI is set to see its valuation at $80 billion. For the maker of generative artificial intelligence tools ChatGPT and DALL-E, that number is triple its valuation in January. (Link)

Lenovo and NVIDIA Announce Hybrid AI Solutions to Help Enterprises Quickly Adopt GenAI. New End-to-End Solutions Include Accelerated Systems, AI Software and Expert Services to Build and Deploy Domain-Specific AI Models with Ease. (Link)

AI risk must be treated as seriously as climate crisis, says Google DeepMind chief. Demis Hassabis calls for greater regulation to quell existential fears over tech with above-human levels of intelligence. (Link)

3 TOOLS 🔧

Receiptor - auto-extracts invoices from emails, providing detailed purchase insights. It integrates with expense systems and offers reports in CSV and PDF. This tool streamlines receipt management for both businesses and individuals.

Sybill - understands your sales conversations to write your CRM updates, follow-up emails, and accurate call summaries. Everything pushed to Slack + CRM for unparalleled visibility across the company.

Teno - is a smart Discord bot for voice channel meetings. It can auto-join channels, transcribe conversations, and even answer questions. Features include voice response, speaking mode, and transcript access through its website. While it uses third-party services for data processing, it doesn't store audio and ensures user rights to their data.

3 PROCESSES đź’ˇ

Slite - Slite's AI assistant, Ask, responds to queries using your team's documentation. Ease the hassle of locating info, learning from history, and onboarding new members. Need information? Simply ask.

How to use Collections (Databases)

A Collection is a simple database connected with documents underneath. It helps your team organize a specific set of docs into a single source of truth that you can refer to across your workspace.

How to create a new collection

  1. From the editor Simply click / colletction and click new collection.

  1. You can display a subset or all your Collection in any doc. This is pretty handy to refer to a list of documents while avoiding duplicating content, and keeping one single source of truth.

  2. When you open a doc in a Collection, you can easily navigate using the top/down arrows at the top. You can also change the metadata directly from the preview at the top of the doc. The changes will also reflect in the columns of the Collection.

Learn more here

Sendforsign - is an AI-enhanced tool for creating, sharing, and signing diverse documents, from VC YC SAFE contracts to HR agreements. It emphasizes user customization and streamlines the contract process for businesses and individuals.

How to Draft your first document

The easiest way to draft your contract is to choose from one of our templates or simply copy and paste your own template from any source you’re using, such as a Word file, Notion, Notes, and more.

  1. To get started, select a template from our library.

  1. Once a document is created, feel free to make adjustments to its content. Take note of the text highlighted in green – these are the areas where you may need to insert your own text.

  2. When you’re ready and satisfied with the text, simply generate your unique sharing link.

There you have it! Your document is now ready for sharing and signing. If you need to sign the document first, you can do so using the same sharing link.

Learn more here

Ramp - is a financial management platform for businesses, offering tools from corporate cards to vendor management. It harnesses AI for tasks like expense categorization and bookkeeping. Features include Price Intelligence to evaluate software costs and Copilot, an AI assistant for cost-saving suggestions. Ramp's goal is to optimize financial operations, saving time and costs.

Vendor Contracts and Documents

Ramp allows you to easily upload and store key documents relevant to your vendor right within the Vendor profile. Documents can range from contracts to vendor W9s to payment information.

Ramp also offers the ability to parse uploaded vendor contracts and pull important contract details like contract amount and contract start/end dates.

  1. To upload a vendor document, simply click into the vendor profile and drag in the desired document within the “Contracts and Documents” section. Once a document is uploaded, you can select the type of file that has been uploaded.

  2. If the selected file type is “Contracts”, Ramp will parse the contract for you and extract key contract details like contract amount, payment frequency, contract start/end dates.

  1. You also have the option to enable contract end reminders for email notifications to be sent to the Vendor Owner 30 and 60 days prior to the Last Day to Terminate or the Contract End Date, whichever may come first.

  2. After reviewing all the entered contract data, you can save the information and view a summary of the key contract details and a visual timeline of contract dates.

Learn more here

AI CHAMPIONS 🏆

Sandra Rivera - General Manager of Data Center and AI Group, Intel

Sandra Rivera, with 23 years at Intel, now leads the company's Data Center and AI Group. She's steering Intel to challenge Nvidia in the AI chip market, with the Gaudi2 chip outperforming Nvidia's A100. A forthcoming Gaudi3 aims to compete with Nvidia's H100. Despite being the U.S.'s largest chipmaker, Intel trails Taiwan Semiconductor Manufacturing Co. globally. Rivera recently introduced a Gaudi2 variant in China, catering to its vast AI interest. As a Colombian immigrant's daughter, Rivera's unique background greatly influences her approach at Intel.

Learn more here

THE NERD CORNER 🤓

The Vanishing Gradient Problem in deep learning refers to the challenge where the gradients used to update a neural network's weights become extremely small, hindering effective training. This issue is pronounced in networks with certain activation functions like sigmoid or tanh. As a result, early layers in the network learn very slowly compared to the later ones. Techniques like using ReLU activations, batch normalization, and skip connections have been introduced to combat this. Delving into this problem requires a blend of calculus, matrix algebra, and deep learning theory, making it a fascinatingly nerdy AI topic.

IN CULTURE 🤌

🗼 That’s a wrap!

Spread the Light! đźŚź

Hello! If you enjoyed today's newsletter, share the knowledge. Forward to colleagues, friends—anyone who'd gain. Let's expand our informed community! 🚀

P.S. Every share matters. Thank you for being an essential part of our journey! đź’™

Do you have suggestions or thoughts related to the above, just replay to this email.

Thank you,

— Matt and the Future Works teams

Reply

or to participate.