Zuck gets bullish on AI as Meta reaches record high

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Welcome back, Superhuman

Chip, chip, hooray! While today’s issue has nothing to do with chocolate chip cookies, it does have a lot to do with processing chips and dough (money, that is).

TODAY’S MENU

• Zuckerberg gets bullish on AI as Meta’s stock rides the AI wave

• Google upgrades Bard with new AI features

• Chart: AI is taking over the healthcare market

• Friday Laughs: When AI takes its job very seriously

• 5 new AI tools to boost your productivity

• AI Generated Images: Life on Mars in the future

Correction: In yesterday’s newsletter we shared a guide on how to summarize YouTube videos with Bard. After further testing, we’ve found that the feature is unreliable and works for some videos but not others.

NEWS

Today in AI & Tech

• Visionary: Apple’s Vision Pro goes on sale today (pictured above). Director James Cameron says he was “really, really blown away“ by his experience with the device.

• Rising Star: AI-powered search app Perplexity enters the top 10 on the App Store productivity charts, ahead of apps like Google Calendar and Microsoft Word.

• Add to Cart: Amazon is testing a new AI shopping assistant “Rufus" that answers shopping questions, recommends products, and compares items.

• Bold Bet: Sam Altman believes that 1 person billion-dollar companies are inevitable thanks to AI, and mentions that his group chat of CEOs has a betting pool for when these companies will emerge.

• Doping Olympics: Billionaire PayPal cofounder Peter Thiel is giving his financial backing to the Enhanced Games, a sports event that will allow athletes to use performance enhancing drugs.

NEXT IN AI

Zuckerberg gets bullish on AI as Meta’s stock rides the AI wave

Has anyone had a better 12 months than Mark Zuckerberg? After Meta’s stock price crashed to a low of almost $90 in late 2022, the company announced bumper quarterly results yesterday that shot its stock to a record high $451 after markets closed, elevating its market capitalization by $148 billion to $1.16 trillion.

But Zuckerberg sounds like he’s just getting started. Meta’s CEO struck a bullish tone as he outlined his vision for the future of Meta’s AI products and services.

For months now, tech giants have been battling it out for access to Nvidia’s limited supply of chips needed power their AI models. But chips are expensive, going for as much as $30,000 a pop. And Meta is playing to win.

On top of the 6000,000 high-end chips (or equivalent) that Meta plans to secure by the end of the year, the company is also reportedly on course to deploy its in-house chip called Artemis, which will reduce Meta’s dependency on Nvidia and potentially save the company billions in chip and energy costs.

The world’s biggest social media company is also investing aggressively in new data centers with advanced designs optimized for AI compute, presumably built to house its new AI chips.

From its open-source AI models to AI-powered sunglasses and celebrity chatbots, the company behind Facebook and Instagram has positioned itself as an AI powerhouse. In a sign of growing confidence, Meta also announced its first ever stock dividend of $0.50 per share and an additional $50 billion in share repurchases, potentially signalling that the company expects its stock price to grow further in the coming months.

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AI AT WORK

Google upgrades Bard with new AI-powered features

While the world waits for Gemini Ultra — the high-end AI model that Google claims beats GPT-4 — Google is giving us a little taste of what’s to come by upgrading its chatbot Bard with a number of handy new features.

Here’s what’s new:

• Bard will now be able to generate images with simple text prompts.

• It’s also now running on Gemini Pro, Google’s mid-range model, which should improve the quality of its responses considerably.

• Google Maps is also being upgraded with conversational search, which will provide users with AI-powered results to discover new locations.

The upgrade comes as welcome news for users who are looking for a free and capable alternative to the paid version of ChatGPT. If you haven’t used it already, you can try Bard here.

CHART

AI use in Healthcare

According to a report by Grand View Research, the global market for AI in healthcare was worth about $22.45 billion in 2023. It's expected to grow by over 36% every year from 2024 to 2030.

Certain factors are driving the need for AI expansion in healthcare, and could be behind this explosive growth, like:

• Personalized medicine (and drug discovery)

• Lowering costs

• Digital Health information

On top of this, AI and machine learning will continue to be used more and more to diagnose illnesses and predict diseases early based on past health data.

FRIDAY LAUGHS

The AI-generated meeting summaries no one asked for

“No decisions, action items, or open questions were discussed in this segment.” Sounds like a typical Friday to us.

PRODUCTIVITY

5 AI Tools to Supercharge Your Productivity

Zerve: A unified developer space for data science and AI teams to explore, collaborate, and build together.

Permar: Generate a conversion-rate-optimized landing page with a single prompt.

LogicBalls: Customize high-quality, engaging content 10x faster.

Shortwave: An AI tool that searches your entire email history, writes drafts in your voice, schedules meetings, and saves you an hour every day.

Sune: Designed to help your team collaborate and automate workflows.

^{* indicates a promoted tool, if any}

AI-GENERATED IMAGES

A Mansion on Mars in the future

prompt: a photo of [enter room here] in a giant mansion on Mars 240 years in the future with views of martian mountains and sunsets. It is getting dark - stylize 250 --v 6

🧞 Your wish is my command

Reviews of the day

Thanks for reading.

Until next time!

Zain

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