What's Holding Businesses Back from Implementing AI?

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Hello Productive Minds!

Welcome to another edition of the 'Productive AI' newsletter. Today, we're diving into what’s holding businesses from implementing AI, explore topics like converting images to video, art of generating images using AI and more.

AI is a popular topic, with many companies on major stock indices discussing it in earnings calls. Yet, the actual adoption of AI might be less pervasive. This situation is reminiscent of the U.S., where a Census Bureau survey found that while about 50% of S&P 500 companies mentioned AI this year, less than 5% have truly implemented it. This raises questions about the real extent of AI integration in Indian businesses.

Our aim is to provide you, our PAI community, with insights that are both informative and practical. We'll be using straightforward language, peppered with relatable metaphors and analogies, to make complex ideas accessible and engaging.

So, let's embark-on this journey together to uncover new ways AI can enhance our productivity.

Ida Khanna,
Founder ProductiveAI Club

Today’s Menu

• Discrepancy Between AI Excitement and Tangible Business Outcomes

• Alibaba's Latest AI Innovation: Transforming Still Images into Lifelike Videos

• Funding Highlights: Top AI Funding Achievements of the Week

• Educational Guide: Enhance Your Abilities Using ChatGPT

• Artificially Created Artwork: Imaginative Superhero Fantasy Covers

Why the AI hype isn’t translating into business results (yet)

America’s top businesses can’t stop talking about AI. A recent analysis from NBC News found that AI was mentioned as often as interest rates on recent earning calls from S&P 500 companies.

But something isn’t adding up. According to a recent survey from the Census Bureau, just 4.4% of businesses in the US reported using AI to produce goods or services in the past 2 weeks. More importantly, only 6.9% of surveyed businesses think they’ll use AI in the next 6 months.

Why is there such a wide gap between expectations and reality when it comes to businesses adopting AI? One reason is a lack of qualified talent. A recent Amazon study found that 75% of surveyed businesses looking to hire AI-skilled talent were having trouble finding the right people

Another major barrier to adoption is safety. Security breaches have been a hot topic in recent months, with many companies like Apple and Samsung banning employees from using some generative AI tools at work. And the controversies aren’t dying down. Just this week, ChatGPT and Amazon’s new Q chatbot have been at the center of stories alleging security flaws.

While businesses remain upbeat about AI, the reality is that significant barriers have to be overcome before businesses adopt the tech widely. In a recent interview, OpenAI’s COO Brad Lightcap argued that AI is still in its experimental stage, and that expectations of the technology delivering substantive business change in one fell swoop are premature.

• Huge: Intel wins verdict to overturn $2.18 billion patent-infringement award, overturning one of the largest verdicts in the history of U.S. patent law.

• Gametime: GTA 6 trailer drops to huge fanfare and 2025 release date. GTA 5 is the second highest-grossing video game of all time with over $8 billion in sales.

• Whoops: Brazilian city enacts law secretly written by ChatGPT.

• Hard Times: Spotify lays off 17% of its workforce.

• The Resistance: Over 50 companies including Meta and IBM create alliance to challenge dominant AI players.

• Tola Capital, investing in AI-enabled enterprise software, closes largest fund at $230M. Read more

• AstraZeneca signs deal worth up to $247 million with U.S. AI biologics firm Absci. Read more

• Together lands $102.5M investment to grow its cloud for training generative AI. Read more

• Mytos raises $19 million to bring an industrial revolution to biology. Read more

• Stability AI explores sale as investor urges CEO to resign. Read more

Five Innovative GPTs to Enhance Your Productivity Using ChatGPT

In the realm of artificial intelligence, OpenAI recently took a groundbreaking step forward with the introduction of custom GPTs, tailored for specific tasks. As someone deeply engaged in the world of AI and its applications, I've had the opportunity to explore several of these GPTs. Swifty, ExplainThis, DataGPT, and iMean represent a suite of AI-driven tools designed to streamline various aspects of professional and personal online interactions. Together, these tools showcase the diverse applications of AI in improving efficiency, learning, data analysis, and consumer experiences in the digital age.

1. Swifty: Book your business trips by simply chatting with your AI assistant.  

2. ExplainThis: Explains key concepts and helps you understand what you're reading on the internet.

3. DataGPT : The Leading Conversational AI Data Analyst: Ask DataGPT any question and get analyst-grade answers in seconds.

4. iMean: Automates deal search, price comparison, and data collection for efficient online shopping with AI.

5. Watto AI: Write high-quality documents effortlessly. Seamlessly integrate your data from multiple platforms and generate documents in a single click.

Each of these GPTs is tailored to meet specific needs, making them indispensable tools in today's fast-paced work environment.

How to learn any new skill with ChatGPT

Want to pick up a new hobby or skill in the new year but not sure where to start? Try the prompt below to get a training plan that takes you from beginner to pro:

Creative Writing and Storytelling: "I'm an aspiring writer and I want to improve my storytelling skills. Can you guide me through the process of creating a compelling character and plot for a short story, and provide tips on narrative structure and dialogue? Please create a detailed 2 week plan to keep track of progress"

I am a beginner and I want to learn how to [insert skill]. Create a detailed 90 day training plan that can teach me this skill.

Superhero Fantasy Cover Art

Superman, oh Superman, in your suit so blue, Flying high above the clouds, faster than a sneeze, Achoo! Strong and brave with eyes that blaze, saving cats in trees, But put him near some Kryptonite, he'll buckle at the knees! In Metropolis, he's the man, with his cape so neat, Battles villains, saves the day, then retreats in speedy retreat.

But remember, this hero in red, though he flies so high, Can't sort your Wi-Fi issues, no matter how he might try!