Welcome to AI Tool Report!

Tuesday’s top story: The controversial California AI safety Bill—-SB 1047—which has been both applauded and opposed by high-profile tech companies, politicians, and industry influencers, is now in its final vote, with its fate to be decided by Governor Gavin Newsom.

🌤️ This Morning on AI Tool Report

1. 🕒 Decision time for Silicon Valley AI safety bill

2. 🤵 How to turn AI into a personal assistant

3. 🚨 Toyota fall for fraudsters AI lobbying firm

4. 📝 How to generate effective social content with Lately

5. 📆 How to create a content calendar using ChatGPT

6. 🚀 Gemini 1.5: 50% faster?

Read Time: 5 minutes

STOCK MARKETS

⛔ The market was closed yesterday (Monday 2nd of September) in observance of the US Labour Day holiday. How will NVIDIA react to losing 7.6% last week after the Q2 earnings release? Learn more.

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LEGISLATION

🕒 Decision time for Silicon Valley AI safety bill

Our Report: The State Senate of California has passed the controversial AI Safety Bill—SB 1047—with a 29-9 voting split in favor of the Bill, so it’s now down to Governor Gavin Newsom to make the final decision about whether the Bill (which aims to prevent large AI models from harming humanity, and make AI developers liable for their choices) should be signed or dismissed.

🔑 Key Points:

• Newsom has until September 30th to weigh up the pros (preventing extreme theoretical risks of AI systems) against the cons (squashing the California AI boom) and hasn’t yet indicated whether he’s for or against it.

• If he signs it, by January 1st, 2025, tech companies will have to write safety reports for their AI models, and the attorney general will have the power to stop any AI model they deem dangerous.

• By 2026, a board will start advising the attorney general about which AI models do/don’t comply with SB 1047 and, by 2027, it will start issuing AI safety guidance to AI developers.

🤔 Why you should care: The Bill has been widely contested by politicians, industry leaders, and tech companies in Silicon Valley who argue that it could stifle innovation and a set of federal regulations would be better than a set of state-based rules, which could be because federal regulators tend to produce less restrictive legislation.

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1. Meco is a distraction-free space for reading and discovering newsletters, separate from the inbox

2. Crayon AI is an AI-powered image toolbox for creation and editing

3. WebWave creates diverse websites in any language using AI

4. No-Code Scraper uses AI to extract data from websites

5. Amnesia is an interactive educational tool

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FRAUD

🚨 Toyota fall for fraudsters AI lobbying firm 

Our Report: Far-right activists and convicted fraudsters, Jack Burkman and Jacob Wohl, have secretly founded an AI-centric lobbying firm— LobbyMetric—under fake names: Jay Klein and Bill Sanders.

🔑 Key Points:

• Founded last year, LobbyMetric is an AI platform for lobbyists that leverages AI to automatically monitor congressional hearings or “supercharge research” into legislative and regulatory issues.

• According to the website, LobbyMetric’s technology can monitor hearings, ascertain which lawmakers are important for certain issues, and either schedule meetings with them or petition them.

• The felons, under their pseudonyms, secured some big-name clients (including Toyota, consulting firm, Boundary Stone Partners, and drug company, Lantheus) for a 3-month test run.

🤔 Why you should care: Wohl and Burkman were convicted in 2022 for telecom fraud after running a robocall campaign in several states, telling people not to vote in the 2020 presidential election, and were ordered to spend 500 hours registering people to vote and given a $5M fine.

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• Populates your social media for months on end, optimizing for peak performance times

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Tuesday’s Prompt: How to create a content calendar using ChatGPT

Type this prompt into ChatGPT:

Results: After typing this prompt, you will get a 3-month content calendar with key themes and topics, relating to your business.

P.S. Use the Prompt Engineer GPT by AI Tool report to 10x your prompts.

How to achieve professional-level editing with AI ✂

• Turning raw material into polished content takes time and requires expensive software and skills, unless you have AI tools, like the below.

• Descript has an AI assistant, automatically generates shareable clips, and transcribes video content, so you can make edits by editing the text.

• To edit images, use Adobe Firefly to change the aspect ratio, and delete unwanted backgrounds, objects, and people.

• With tools like this, AI is shortening the gap between initial creativity and polished, professional-looking content.

For more details and more actionable insights to improve your editing, subscribe to The AI Report.

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LARGE LANGUAGE MODELS

🚀 Gemini 1.5: 50% faster?

• Google has upgraded its advanced AI model, Gemini 1.5 Flash, so it’s now 50% faster at responding, providing a more engaging user experience and making interactions feel more natural.

• It’s also expanded Gemini 1.5 Flash’s ability to work with more Google apps and services—specifically the task management extension, ‘Tasks’—on older versions of the Pixel smartphone range. 

• Once users have the upgraded Gemini Task Extension, they’ll be able to modify existing tasks, with Gemini providing contextual cues from previous conversations, making it feel more natural.

🕊️ A Hollywood studio in your pocket

📢 Friday’s poll results are in…

Why don’t publishers want Apple to use their data for AI training?

🫱🏻‍🫲🏻 They want to negotiate licensing deals with Apple: 75.34%

🔐 They want to prevent privacy, security, and copyright issues: 32.7%

“Show me the incentive and I'll show you the outcome.” - Charlie Munger”

If OpenAI gets funding from NVIDIA, Apple, and Microsoft, could it trigger concerns with antitrust regulators?

✅ Yes: The funding will help OpenAI further dominate the market and prevent fair competition: 65.06%

❌ No: This funding will help OpenAI stay afloat, not push them into further market dominance: 34.94%

“All eyes will be on the big guys taking control...Mr Robot coming true!”

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Until next time, Martin & Liam.

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