Elon and Snapchat enter the AI wars

(Total read time: 2.5 minutes)

Hello and welcome back to your weekly super smoothie of AI must-knows.

It's been a huge week in AI, so let's cut to the chase. Here's what you'll get in today's triple threat:

⚡ 3 AI tools to supercharge your productivity
💪 3 AI tutorials to level up your skills
🤖 3 must-know things that happened in AI this week

🧠 Insight of the week: One Person $1Billion Companies

⚡ 3 AI tools to supercharge your productivity

1. Glean: Glean searches across all your company's apps to help you find exactly what you need and discover the things you should know. (link)

2. Simplified: An AI writer that helps you write unique and plagiarism-free content for blogs, articles, ads, products, websites, and social media. (link)

3. RoomGPT: RoomGPT helps you remodel any room with the help of AI. Very handy if you’re in the interior design or real estate business. It’s also just fun to see what your room would look like refurnished. (link)

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💪 3 AI tutorials to level up your skills

1. How to build your own AI chatbot (link)

2. Learn how to prompt engineer. Prompt engineering is the hottest new AI skill - companies are already paying $300K in salary for prompt engineers. (link)

3. How to use ChatGPT for academic purposes (link)

🤖 3 must-know things that happened in AI this week

1. OpenAI reduces its API cost by 10x and opens it up to developers. Use cases for AI are expected to explode after this announcement. Companies like Instacart and Shopify are already jumping on it. You can read more about it here.

2. Elon Musk is reportedly assembling a team to build a rival to OpenAI and ChatGPT. Despite being a co-founder of OpenAI, Elon is reportedly unhappy with the political bias embedded in ChatGPT. (source)

3. Snapchat has entered the AI arena after announcing its own AI chatbot this week called MyAI. The feature will be available to Snapchat+ subscribers. (source)

🧠 Big Insight: One Person $1Billion Companies

The rise of software saw the arrival of hyper-efficient billion-dollar companies like Instagram, which only had 7 employees at the time of its acquisition.

AI is now expected to accelerate this trend. And we might even see one-person billion-dollar companies in the coming years.

Teamflow founder Flo Crivello observed:

“AI gives even more leverage to the individual. I think the same way code let companies like WhatsApp sell for like $20B with 40 or 50 people. I think we're going to see $1B, $10B, maybe even a $1T company in a decade or so with one or two people.“

(source)

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🧞‍♂️ Your wish is my command

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Until next week!
Zain