Happy Friday, AI enthusiasts! 🤖

Get ready for your daily infusion of AI news and insights 🔍

• 🇪🇺 EU's Groundbreaking AI Law

• 🔎 Google's AI Innovations: Travel, Shopping, and Virtual Try-Ons

• 🚗 Mercedes Integrates ChatGPT Into In-Car Voice Control

• 🚨Alphabet's Cautionary Advice on AI Chatbots

• 🔢 7 Key AI Statistics You Should Know

• 💰Accenture's Massive $3 Billion Investment in AI

• 🦙 Meta's LLaMA: Open for Commercial Use

🇪🇺 EU's Groundbreaking AI Law

• The European Union has passed the world's first comprehensive AI law.

• The law categorizes AI systems into different 'risk' buckets, each with its own rules.

• Businesses operating in the EU and using AI may need to reassess their AI systems and data handling practices.

• This law presents an opportunity for businesses to demonstrate commitment to transparency and fair AI practices.

🔎 Google's AI Innovations: Travel, Shopping, and Virtual Try-Ons

• Google has updated its experimental AI-powered search system, Search Generative Experience (SGE).

• The updates make searches more insightful, particularly for travel and shopping.

• Google is launching a feature that allows users to put search results directly into a spreadsheet and share it.

• Google has introduced a virtual try-on feature, allowing users to see how clothes look on models with different body shapes and sizes.

🚗 Mercedes Integrates ChatGPT Into In-Car Voice Control

• Mercedes-Benz has partnered with Microsoft's Azure OpenAI Service to integrate ChatGPT into its in-car voice assistant.

• The integration allows for natural conversations and contextual follow-up questions.

• Mercedes is also exploring the use of ChatGPT plugins for tasks like restaurant reservations and movie ticket bookings.

🚨Alphabet's Cautionary Advice on AI Chatbots

• Alphabet is advising its staff to use AI chatbots cautiously, including their own tool, Bard.

• The company is also advising staff not to use Bard to generate code without careful inspection.

🔢 7 Key AI Statistics You Should Know

• Grand View Research reports an anticipated annual AI market growth rate of 37.3% from 2023 to 2030.

• AI is projected to bolster US GDP by a substantial 21% by 2030, according to Timothy Owens.

• The Forbes Advisor survey reveals that 64% of businesses expect AI to increase productivity.

• IBM’s global AI adoption report shows that 25% of companies are adopting AI due to labor shortages.

• According to the same IBM report, Chinese companies lead in AI adoption, with 58% of companies deploying AI and another 30% contemplating its use.

• Research by the World Economic Forum estimates that AI and other new technologies could create up to 97 million new jobs.

• Forbes Advisor reports that 97% of business owners believe ChatGPT will benefit their business, with many planning its use for web content and multilingual content.

💰 Accenture's Massive $3 Billion Investment in AI

• Accenture has announced a $3 billion investment in AI over the next three years.

• The investment aims to enhance Accenture's team of AI professionals and develop AI-focused solutions for clients.

• The objectives of the investment include assisting clients in moving from AI interest to value with clear business cases and developing new strategies, operating models, and digital core architecture to leverage AI innovation.

• The impact of this investment on Accenture's relationships with companies like Salesforce is uncertain, as it may create competition or benefit its partners.

🦙 Meta's LLaMA: Open for Commercial Use

• Meta plans to make the next version of LLaMA, its open-source LLM, available for commercial use.

• This move could benefit companies that roll out custom models on top of LLaMA for their own products.

• It could also benefit Meta by improving their models and products.

• This move could pressure Google & OpenAI, whose models are still closed-source, to open their models for commercial use.

4 tools to ⚡️supercharge⚡️ your productivity🚀

1. Supernormal: Helps you create amazing meeting notes without lifting a finger. (link)

2. Scispace: Your AI research assistant. (link)

3. Timely: The world's best AI-powered automatic time tracker. (link)

4. Sheet AI: AI inside Spreadsheets. (link)

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That's a wrap for now, folks!

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Until next time ✌️