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- š„ Canva's 300% price increase!
š„ Canva's 300% price increase!
š ChatGPT inside your VW car?
TOGETHER WITH JAMIE
Welcome to AI Tool Report!
Wednesdayās top story: OpenAIās Sam Altman is planning to target the US first, for his giant AI infrastructure project.
š Plus: Scroll down to the āActionable Insightsā section to learn advanced AI techniques that will transform your data analysis with HubSpotās latest comprehensive guide.
š¤ļø This Morning on AI Tool Report
š Altmanās AI push starts in US
šļø How to get human-like note summaries, without bots
š„ Canva's 300% price increase!
ā”ļø How to supercharge market research with AI
šŖ How to track employee progress using ChatGPT
š Google releases AI tools for students
š ChatGPT inside your VW car?
Read Time: 5 minutes
STOCK MARKETS
āThe market experienced a massive selloff during Tuesdayās trading session, with investors hitting pause on the AI rally. NVIDIA was the biggest loser of the day shedding more than $200B worth of market capitalisation. AMD, TSM, and Intel also had a day to forget, as chip stocks led to the downside. Learn more.
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INFRASTRUCTURE
Our Report: Earlier this year, OpenAI CEO (Sam Altman) asked the US government to support his plans to build a coalition of global investors to fund his costly infrastructure projectāto build the machinery and systems needed to power rapidly advancing AI models, around the worldānow, further details reveal that he plans to target the US, first.
š Key Points:
The infrastructure projects Altman plans to execute include building more data centers, increasing energy capacity and transmission with turbines and generators, and expanding AI chip manufacturing facilities.
Altman recently met with investors from Canada, Korea, Japan, and the United Arab Emirates to push the project forward, and OpenAIās biggest backerāMicrosoftāis also expected to participate.
It also comes after reports last week revealed that OpenAI is in talks with investors to raise the largest amount of capital in over a year, with potential backers including Apple and NVIDIA, along with Microsoft.
š¤ Why you should care: Itās no surprise that Altman is targeting the US first, as heās previously vocalized the desperate need for new US AI infrastructure to maintain the countryās technological lead, however, his ambitious global plans could raise US national security concerns over Middle Eastern sovereign wealth funds and their ties to China, although Altman has argued that his global infrastructure plan would give America a geopolitical advantage, as his international coalition could compete with Chinaās infrastructure, and that the US would get the capital that might otherwise go to China
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Together with Jamie
Get high-quality meeting minutes, tasks, and decisions for all your online and offline meetings without awkward meeting bots.
With data privacy at its core, Jamie generates the most accurate meeting minutes and also allows you to easily retrieve any information through a natural, chat-like experience.
Get Jamie and start saving 10 hours every week.
TRENDING TOOLS
Guidde is for creating video documentation 11x quicker, saving you time and effort
Beam automates manual workflows with AI, to boost productivity
NetJet is an all-in-one AI website generator & builder
Automateed is an AI-powered eBook generator
Hedy is an AI-powered meeting assistant
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DESIGN
Our Report: Design platform, Canva, has dramatically increased its subscription pricesāin some cases by 300%---and is blaming the integration of AI into its features for the colossal increase.
š Key Points:
In the US, for example, some original Canva subscribersāwho were on older plansāhave reported that their subscriptions have suddenly increased from $120 p/yr (for five users) to $500 p/yr.
In its defense, Canva says its original pricing reflected the early stage of the product and has remained unchanged for four years, so is therefore justifiably āupdating the price to reflect our expanded product experience.ā
This refers to the growing suite of AI features Canva has introduced to the platformāwhich include Magic Studioātransforming it from a design tool, specifically for designers, to one that can be used by anyone.
š¤ Why you should care: Unsurprisingly, subscribers havenāt responded wellāespecially as the changes were secretively communicated to them via email, not transparently announced publicly as they have previously beenāwith many believing the increases are because the start-up has grown too quickly, after acquiring two companies this year, as it readies for an IPO.
Is Canvaās pricing increase justified? |
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Together with Osum
Using up-to-date customer insights can result in higher quality leads and contribute to 175% growth in sales with 72% quicker lead conversionā¦
However, market research projects can easily cost $$$$ and take weeks to completeā¦
Osum helps you perform deep market research in seconds to identify untapped growth potential...
Simply copy-paste any URL to instantly access detailed industry insights, competitive analysis, targeted customer personas, sales prospect insights, actionable growth opportunities, and more for any product or business...
Stay ahead of your competition and discover new ways to unlock 10X growth.
PROMPT ENGINEERING
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Wednesdayās Prompt: How to track employee progress using ChatGPT
Type this prompt into ChatGPT:
Help me design a system for tracking employee progress and certifications
Results: After typing this prompt, you will get a system for monitoring your employeeās professional development.
P.S. Use the Prompt Engineer GPT by AI Tool report to 10x your prompts.
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BREAKING NEWS
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EDUCATION
Ahead of the new college season, Google has launched five new Gemini-powered educational AI tools, aimed at college students (they must be 18+ to use them) to help them study quicker and more efficiently.
Among the tools are customized practice exam quizzesāwhich provide performance feedbackāand personalized study plans so students can organize their schedules to maximize study time.
Gemini is also powering easy-to-understand explainers, videos, and informative content, and students can ask it for learning material recommendations and it will select relevant materials to match their needs.
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AUTOMOTIVE
After announcing a partnership with ChatGPT in January, Volkswagen (VW) is now rolling out an improved in-car AI voice assistant (IDA)āpowered by ChatGPT and other modelsāfrom September 6th, to US drivers.
IDA can understand natural language requests, so while driving, drivers will be able to ask it for things like restaurant recommendations or stories, or if they tell it theyāre too cold, it will put the heating on.
VW confirmed that most 2025 vehicles will get IDA (with the 2025 Jetta/Jetta GLI being among the first), but drivers of these cars will need to subscribe to VWās Plus Speech with AI service to get access.
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Until next time, Martin & Liam.
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