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Tuesday’s top story: Over half of Fortune 500 companies now see AI as a risk, rather than a benefit, to their business.

🌤️ This Morning on AI Tool Report

1. 🛑 Fortune 500 fear AI

2. 🦾 How to craft viral LinkedIn posts with Taplio

3. 💥 Design app fights AI in shock twist

4. 📊 How to create an effective ad campaign using ChatGPT

5. 👁️ Altman’s iris scanning banned

6. 💡 AMD’s $4.9B AI power move

Read Time: 5 minutes

STOCK MARKETS

⬆️ AI stocks continue to trend higher alongside the broader market. The Nasdaq tech index booked a third straight day of gains. AMD was the out-performer finishing the day +4.52%. Learn more.

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RISK

🛑 AI fears grow among Fortune 500 

Our Report: 56% of Fortune 500 companies see AI as a potential risk to their business, a massive jump from just 9% who saw AI as a risk, in 2022 (the year ChatGPT was released).

🔑 Key Points:

• The AI risks, cited by these firms, include issues around law, regulations, cybersecurity, competition, and ethics, and those in media and entertainment are the most fearful, with 91% concerned about AI.

• Netflix thinks that competitors deploying AI will affect its "ability to compete effectively," and Disney believes how it creates entertainment will be severely impacted as "rules governing new technology remain unsettled.”

• 86% of software and technology companies, two-thirds of telecommunications companies, and over half of Fortune 500 healthcare, banking, retail, consumer, and aerospace companies see AI as harmful.

🤔 Why you should care: In just two, short years, the percentage of companies that see AI as a way to create cost efficiencies, increase productivity, and accelerate innovation has dropped, with just 30% of the Fortune 500 now seeing AI as a benefit.

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Together with Taplio

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1. ZapConnect: Network with automation professionals and learn how to use Zapier’s new tools to automate and revolutionize your workflows at the biggest automation event of the year.

2. WPimages uses AI to create images from text descriptions

3. Fix Blurry Photos restores blurry photos with AI

4. Mapify generates mind maps using AI

5. ChatWith is a custom AI chatbot

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DESIGN

💥 Design app fights AI in shock twist

Our Report: The popular iPad design app, Procreate, has gone against the crowd—which includes Adobe, Canva, and others—and defiantly announced that, while AI is a “compelling technology with a lot of merit,” it will not be introducing generative AI features into its products, ever.

🔑 Key Points:

• It’s reassured users that it will not use AI in its products, user activity on the app will not be tracked, and it will not use artists' work to train and implement AI tools (unlike others…ahem.. Adobe).

• In a video, posted to X (formerly Twitter), Procreate CEO—James Cuda—boldly stated “I really f****** hate generative AI…I don’t like what’s happening in the industry, and I don’t like what it’s doing to artists.”

• Apart from the odd comment about Procreate’s decision being “shortsighted”, the majority of Artists have praised Procreate’s bold stance, with many saying they’re “incredibly happy” and will ”enjoy using it more.”

🤔 Why you should care: This time last year, Procreate’s announcement would’ve been professional suicide, and although they’ve acknowledged there’s a “risk of being left behind”, they are firm in their decision about “not chasing a technology that is a threat to human creativity,” and it will be interesting to see if other design apps, from the likes of Adobe and Canva, follow suit, after launching several AI tools and features in recent months, which have faced both backlash and praise.

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Tuesday’s Prompt: How to create an effective ad campaign using ChatGPT

Type this prompt into ChatGPT:

Results: After typing this prompt, you will get an outline for an effective advertising campaign that uses an example of how your product or service has achieved a goal or solved an issue for your target customer.

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

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SAFETY

👁️ Altman’s iris scanning banned

• Worldcoin (founded by OpenAI’s CEO, Sam Altman) which aims to scan the irises of every human in the world to distinguish them from robots for crypto payments, is under scrutiny from worldwide governments.

• It’s already been banned in Hong Kong, blocked in Spain, fined in Argentina, criminally investigated in Kenya, and is being questioned as to whether it can continue to operate in the EU.

• Government concerns include how Worldcoin handles user data, trains its algorithms, and avoids scanning children, although Worldcoin insists its tech is private and that iris codes contain no personal information.

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ACQUISITIONS

💡 AMD’s $4.9B AI power move

• AI chipmaker—AMD—is acquiring AI infrastructure company, ZT Systems, for $4.9B, to boost its position as an “ecosystem” partner for companies building AI businesses and compete more aggressively with rival, NVIDIA.

• AMD plans to sell ZT Systems data center infrastructure manufacturing to “strategic partners,” and said the acquisition will give it deeper expertise in AI systems design and will help it sell more of its chips.

• As AI systems grow more complex, a big priority for big tech companies is to increase the efficiency of their systems for tasks like AI model training, so this marks a major step in AMD’s long-term AI strategy.

🕊️ See which countries use AI the most (this might shock you!)

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Until next time, Martin & Liam.

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