Welcome to AI Tool Report!

Friday’s top story: OpenAI faced a major leadership shakeup as three top executives, including the CTO, abruptly departed. The exits coincided with reports of the company's planned shift to a for-profit model, potentially granting CEO Sam Altman a significant stake in the $150B-valued firm.

🌤️ This Morning on AI Tool Report

1. 🚨 OpenAI's leadership shakeup

2. 📽️ How to create video guides in under an hour, with no skills

3. 🍎 Apple rejects EU AI pact

4.  💼 Become an AI consultant

5. 🤯 How to manage stress using ChatGPT

6. 🎥 Runway's $1M AI filmmaking fund

Read Time: 5 minutes

FACT OF THE DAY

🤔 Before joining OpenAI, its CEO—Sam Altman—was the president of Y Combinator, one of the biggest start-up accelerators in the world, and oversaw the growth of major companies like Airbnb, Dropbox, and Reddit, which likely shaped his future vision for innovation at OpenAI.

STOCK MARKETS

AI stocks continue to climb higher overall with the tech index (QQQ) rising 0.75% during Thursdays trading. AMD was the out-performer on the day rising over 3% as investors back AI chip stocks and speculate strong demand in the near future.

Learn More.

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BUSINESS

🚨 OpenAI's leadership shakeup

Our Report: OpenAI's chief research officer Bob McGrew and research VP Barret Zoph left the company on Wednesday, just hours after CTO Mira Murati announced her departure, as OpenAI reportedly plans to transition to a for-profit structure with CEO Sam Altman set to receive equity for the first time.

🔑 Key Points:

• The departures come amidst reports that OpenAI is plotting a transition from a nonprofit-governed company to a for-profit entity, with Altman poised to receive a 7% equity stake.

• Altman revealed the resignations and leadership transition plans, saying McGrew, Zoph, and Murati made the decisions independently and amicably.

• Of the 13 people who helped found OpenAI in 2015, 3 remain after several other high-profile departures in recent months.

🤔 Why you should care: The abrupt leadership changes come against the backdrop of a reported new funding round valuing OpenAI at $150B. The transition to a for-profit structure is intended to make OpenAI more attractive to outside investors, but raises concerns about accountability in the pursuit of superintelligent AI.

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Together with Guidde

Let's face it: Written guides are a waste of time, right?

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1. Meco is a distraction-free space for reading and discovering newsletters, separate from the inbox ⭐⭐⭐⭐/ 5 (Product Hunt)

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3. ClipNow repurposes long-form videos into viral shorts with AI

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5. Live Portrait animates photos with AI

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LEGISLATION

🍎 Apple rejects EU AI pact

Our Report: Apple joined Meta by rejecting a new AI pact put forward by the EU, despite the agreement gaining support from 115 companies, including prominent AI players like OpenAI, Google, and Microsoft.

🔑 Key Points:

• The EU initiative aims to get companies to comply early with upcoming AI Act rules, which will be rolled out in stages over the coming years.

• Apple has said it is "engaged" with EU regulators to bring Apple Intelligence features to EU users, but this latest move suggests a resolution may not be imminent.

• The staggered rollout of Apple Intelligence means there's less immediate pressure on Apple to make a decision.

🤔 Why you should care: Apple's ongoing dispute with EU authorities over various issues, including AI, could mean a significant delay in AI features reaching iPhone and other Apple device users in the EU compared to the rest of the world. This risks putting Apple at a competitive disadvantage while also frustrating EU consumers.

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💼 Want to become an AI Consultant?

The AI consulting market is about to grow by a factor of 8X – from $6.9B now, to $54.7B in 2032.

But how does an AI enthusiast become an AI consultant?

How well you answer that question makes the difference between just “having AI ideas” and being handsomely compensated for your contribution to an organization’s AI transformation.

Thankfully, you don’t have to go it alone – our friends at Innovating with AI just welcomed 200 new students into The AI Consultancy Project, their new program that trains you to build a business as an AI consultant.

Some of the highlights current students are excited about:

• The tools and frameworks to find clients and deliver top-notch services

• A 6-month plan to build a 6-figure AI consulting business

• Students getting their first AI client in as little as 3 days

And as an AI Tool Report reader, you get early access to the next enrollment cycle.

Ask for early access to The AI Consultancy Project

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Friday’s Prompt: How to manage stress using ChatGPT

Type this prompt into ChatGPT:

Results: After typing this prompt, you will get techniques to help you manage workplace stress.

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

How to boost your memory with AI-powered study tools

• The AI Report has looked at how AI tools are revolutionizing knowledge retention and recall practices and found a few gems to boost your learning.

• Struggling to remember everything you've learned? Limbiks, an AI-powered flashcard generator, creates study aids from various sources.

• For a deeper understanding, QChat from Quizlet uses the Socratic method to engage you in meaningful dialogue about your subject matter.

• For visual learners, Whimsical gives you AI-powered mind mapping to help visualize complex ideas.

Subscribe to The AI Report for details!

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ENTERTAINMENT

🎥 Runway's $1M AI filmmaking fund

Our Report: AI startup Runway is launching a new $1M fund to support filmmakers using generative AI in their projects, offering grants ranging from $5,000 to $1M.

🔑 Key Points:

• The Hundred Film Fund aims to produce up to 100 AI-powered short films and feature-length movies, with funding decisions typically made within 14 days of submission.

• Runway has assembled an advisory panel of tech and entertainment leaders to evaluate pitches, including Jane Rosenthal (Tribeca Festival co-founder) and will.i.am.

• Runway will not have ownership rights or distribute the films, but hopes to connect participants to buyers. The company is "strongly advocating" using its own AI tools.

🤔 Why you should care: This fund marks a major push to integrate AI into filmmaking, fundamentally transforming how movies are made. It opens new creative possibilities for storytellers, but also raises questions about the future role of human creativity in film production and the potential impact on traditional filmmaking jobs.

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