🗼This week in AI: Meta's Mission for AI Supremacy

Meta Pursues AGI, Purpose Investments' AI ETFs, Microsoft's AI Work Report, $3 Trillion Cap, FDA's AI Skin Cancer Device, and Digital Urban Twins.

This week’s edition of AI Insights, where we bring you the most impactful stories at the intersection of technology and business. In a world where ambition meets innovation, from Meta's strategic strides towards artificial general intelligence to the unveiling of groundbreaking AI-powered medical devices. Discover how Purpose Investments is seizing the AI surge with targeted ETFs and how Microsoft's valuation skyrockets, reflecting its AI-driven success. Plus, get an exclusive look at digital twins transforming urban planning and preserving cultural heritage.

AI NEWS 🗞️

Mark Zuckerberg, Meta's CEO, is steering the company towards creating artificial general intelligence (AGI), integrating AI research closely with product development. Despite advocating for an open-source approach, Zuckerberg's significant control over Meta raises discussions about the governance of AGI. With substantial investments in AI infrastructure, Meta is positioned as a key player in the AI domain, balancing innovation with ethical and strategic considerations. (Link)

Purpose Investments launches new ETFs amid AI enthusiasm, introducing the NVIDIA Yield Shares Purpose ETF and Microsoft Yield Shares Purpose ETF. These ETFs, listed on Cboe Canada, target exposure to Nvidia and Microsoft, key players in the burgeoning AI sector. Vlad Tasevski highlights the ETFs' focus on these tech giants, aiming to provide enhanced monthly yields beyond underlying stock dividends, while hedging against currency risks. Despite Nvidia's historic market cap and Microsoft's AI advancements, concerns arise over the sustainability of Nvidia's stock growth, as large customers may reduce GPU purchases in the future (Link)

Microsoft Unveils AI-Driven Future of Work in 2023 Report, highlighting transformative shifts in work dynamics due to AI. The report emphasizes AI's role in enhancing productivity, creativity, and decision-making across various sectors. It explores AI's impact on information work, critical thinking, collaboration, and complex tasks, spotlighting domain-specific applications and team dynamics. The study also addresses the sociotechnical integration of AI in workplaces, underscoring the importance of innovation in fostering job creation and setting the stage for a future where AI and human collaboration redefine the essence of work. (Link)

Microsoft has reached a $3 trillion market cap, the first time in its 48-year history, marking a significant achievement as the second company to reach this valuation after Apple. The tech giant's stock surged by 1.5 percent on NASDAQ, reflecting investor confidence bolstered by the company's continuous AI-driven innovations. Under CEO Satya Nadella's decade-long leadership, Microsoft's strategic acquisitions and a significant investment in OpenAI have steered the company towards an AI-centric future, evident in products like Copilot for Microsoft 365. With the stock price soaring from $107 in 2019 to around $404 now, Microsoft's upcoming fiscal report is highly anticipated. (Link)

FDA Clearance Granted for First AI-Powered Medical Device to Detect All Three Common Skin Cancers. DermaSensor Inc. unveils a groundbreaking skin cancer evaluation system, empowering 300,000 U.S. primary care physicians with real-time, non-invasive testing capabilities for melanoma, basal cell carcinoma, and squamous cell carcinoma. The device, fueled by AI-powered spectroscopy technology, offers immediate, objective results, enhancing early detection and patient care. Backed by extensive research, including a pivotal study showcasing 96% sensitivity, DermaSensor aims to revolutionize primary care's role in skin cancer management, marking a significant advancement in predictive healthcare technology.(Link)

A tale of two cities: one real, one virtual. Cities like Barcelona are creating digital twins, advanced simulations mirroring urban landscapes, for smarter planning and management. Projects like Skeiron's #SaveUkrainianHeritage and Pompeii I. 14 use similar tech for cultural preservation. Rooted in NASA's techniques, digital twins are reshaping urban development, merging reality with virtual insights for more informed, future-ready cities. (Link)

TOOLS 🔧

HoppyCopy is an intuitive AI platform tailored for crafting varied AI-driven projects effortlessly. Ideal for content generators, chatbots, and more, it empowers users to generate steady monthly income via subscriptions. With a swift 15-minute learning curve, comprehensive support is available through detailed guides and instructional videos.

Pixlr is an accessible, AI-powered photo editing platform allowing rapid and diverse image editing without requiring advanced skills. Ideal for crafting stunning visuals, social media graphics, and more. Enhance your digital content and potentially monetize your creations. User-friendly, with a quick learning curve, complemented by extensive documentation and video tutorials.

1 PROCESS 💡

Pictory is an AI video generator that enables you to easily create and edit high-quality videos. One of the best aspects of the tool is that you don’t need any experience in video editing or design

How to Convert Your Articles Into Videos Using Pictory AI

  1. Pick a Video Conversion (see image below) If you select Article to Video, What Pictory does is extract key messages from the article and generate video scenes.

  1. Step 2: Pick A Template

  2. Step 3: Modify your story: edit the visuals, modify background, VoiceOver and format of the video.

  3. Step 4: Preview, Save it or Generate Video.

More here

AI CHAMPIONS 🏆

Sneha Revanur

Founder and President, Encode Justice

Sneha Revanur, Founder and President, Encode Justice

She is the Founder and President of Encode Justice, a youth-led AI-focused civil society group. She established the group in 2020 in California to advocate against Proposition 25, which proposed replacing cash bail with an algorithm. The movement, aimed at educating and mobilizing youth around AI policy, has grown to 800 members across 30 countries. Revanur emphasizes the importance of youth involvement in AI regulation, citing the slow governmental response to social media oversight as a cautionary example. Her efforts led to an invitation to a roundtable discussion on AI hosted by Vice President Kamala Harris, marking a significant recognition of young people as stakeholders in AI governance.

Learn more.

THE NERD CORNER 🤓

Garbage in, garbage out (GIGO)

GIGO is a computer science concept that low-quality data input will also result in low-quality output. The concept also applies in the AI realm: If AI is trained with biased and low-quality data, the output will be biased and mediocre.

WEBINAR 📣

In our continuous commitment to empowering businesses with AI, we're excited to host an exclusive webinar focused on mastering AI in real estate and proptech.

Curious how you're leveraging AI at JLL? join us to uncover how to fully harness AI's potential and transform your business with its impactful innovations.

IN CULTURE 🤌

🗼 That’s a wrap!

Spread the Light! 🌟

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! 💙

💡 Shine a Light on Our AI Voyage!

How's our digital odyssey illuminating your AI world?

Login or Subscribe to participate in polls.

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

Thank you,

— Matt and the Future Works teams