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- Spotify is going to let you use emojis to make your new playlists
Spotify is going to let you use emojis to make your new playlists
Plus: What is Edge AI? How do CEOs think about AI?
Ryan
April 14, 2024
- Simplified AI -
Your gateway to discovering the world of Artificial Intelligence!
We're back with a full newsletter this week! For those of you who are procrastinators and do everything last minute, here's your reminder that taxes are due tomorrow (Dad, I'm looking at you). Good luck!
A few changes to the newsletter to call out:
1) The "AI News Flash" section is condensed for quick access to top stories of the week.
2) I'm revamping "AI Spotlight" by removing the "company" focus to cover broader AI topics, with occasional features on companies.
3) Positive feedback on visual prompts means I'll include multiple visuals and showcase the images I'm creating directly in the newsletter instead of just on social media.
In the future, I'll explore new section ideas, such as "AI Versus", where I'll review and compare two similar AI tools. Let me know if you have any suggestions!
A sneak peek of what’s below:
Edge Computing pairs with AI like Wine pairs with Cheese
Use an emoji to build your next Spotify playlist
Annual CEO letters tout AI
AI Pictures of giraffes!
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Edge Computing and AI - A better match than anyone on Love Is Blind
Turning AI topics into a walk in the park, not a mind-boggling maze
Every day, we all utilize edge computing, whether we're aware of it or not. With smartphones equipped with faster processing chips and larger storage capacities, they've become ideal devices for edge computing. Essentially, edge computing involves processing information directly on your device, bypassing the need for information to be sent back and forth to a central location, such as a data warehouse, as in cloud computing.
You know I love using food examples - So let's say you're Gordon Ramsey in your fancy NYC restaurant. With high demand you need to work quickly to get food out the door and onto people's tables. If your kitchen operated like cloud computing, you would have to send a request to a local food supplier each time you needed an ingredient and wait for it to be delivered. Clearly, that's impractical and would significantly increase the time it takes to finish preparing a meal. Instead, kitchens operate like edge computing, with all ingredients on hand for quick access. So you're able to get dishes out to tables quickly and save plenty of time to swear at your staff.
AI is seamlessly integrated with edge computing, forming the perfect partnership known as "Edge AI". AI is known for its high cost and substantial processing demands - major companies like Google invest billions in creating AI models and hosting data. Having an AI tool run locally on your device alleviates their overall processing burden. This setup enables cloud computing to handle large tasks like training and deploying the models, while edge computing manages smaller tasks on personal devices, like speech-to-text.
Why is this important?
I know I talked about smartphones above, but Edge AI has a number of other use cases, like these examples below:
Fitness wearables (e.g. smartwatches) can record and analyze your run independently, eliminating the need to bring your phone along
Bank ATMs can capture and analyze footage in real-time on-site, identifying and alerting for potential threats
AI-enabled machines in factories can conduct real-time quality checks and predict maintenance issues
Emergency services can operate uninterrupted, even in areas with poor connectivity, such as in the back of an ambulance en route to the hospital.
AI News Flash
Catch up on the latest AI news from the week!
Spotify is experimenting with allowing users to create personalized playlists through text input, including emojis.
Meta plans to increase its labeling of content as "Made with AI," beginning next month.
Reviews for the AI Pin, featured in a previous newsletter, are starting to surface, and they're not very positive.
Google's latest app, "Vids," is set to launch this summer, aiming to assist users in crafting ideal short videos.
AI Spotlight
Explore how AI is actively shaping our digital future
AI makes a splash in CEO's Annual Letters
With the transformative potential to revolutionize entire industries, you can bet that big-time CEO's are prioritizing understanding AI and its impact. Companies are investing billions annually and restructuring teams to focus on this exciting technology.
The trend of CEO's producing open, annual letters to their shareholders has been around for quite some time, but the new trend is incorporating more messaging about AI. Recently, CEOs like Jamie Dimon (JPMorgan Chase) and Andy Jassy (Amazon) shared their annual letters, discussing 2023 performance and 2024 outlook, with highlights on AI advancements and initiatives.
Amazon's Jassy highlighted that recent launch of two AI-powered tools,"Q" and "Rufus", aimed at regular users of Amazon's services. The company is now shifting its focus to "primitive services" for AI, mirroring its successful cloud services strategy. This three-layer approach comprises:
Bottom layer: for developers who wish to build foundational models from scratch
Middle layer: for customers who want to build upon and customize existing foundational models
Top layer: for creating generative AI applications using building blocks from the previous two layers
On the other hand, my takeaway from Dimon's message to JPMorgan shareholders was that he emphasized AI's potential effect on the broader economy and society. As one of the world's most influential business leaders, Dimon acknowledges that while the full extent of AI's impact remains uncertain, it will undoubtedly be significant. He anticipates that AI has the potential to augment nearly every job, stating:
“We are completely convinced the consequences will be extraordinary and possibly as transformational as some of the major technological inventions of the past several hundred years: Think the printing press, the steam engine, electricity, computing and the Internet, among others.” - Jamie Dimon.
You can follow the links to the annual letters below, but be warned, they're very long! So if you still have to finish up your taxes, you might want to skip over these for now.
Look for AI to continue being a center point in public facing messages from the leaders of companies as it goes from being a small splash to big waves.
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