💬 OpenAI partners with Reddit for Win-Win

AI is obviously powerful but why aren’t most companies going all-in into AI yet?

Salesforce study shows the answer may come down to TRUST.

75% of workers don’t trust the data that trains AI and think that AI lacks the information needed to be truly useful for them.

So is training AI on comprehensive, quality and trusted customer and company data the solution to this “trust issue”?

AFFECT YOU AND ME

💬 OpenAI partners with Reddit for Win-Win

OpenAI has formed a partnership with Reddit, allowing it to access Reddit’s Data API to enhance ChatGPT with content from the platform.

This collaboration aims to keep ChatGPT updated with recent topics from Reddit users, enriching the AI model's understanding of current human conversations.

Reddit benefits by integrating AI-powered features and becoming an advertising partner for OpenAI.

🍎 Apple is getting ready to announce ChatGPT in iOS 18

Apple is reportedly finalizing discussions with OpenAI to integrate ChatGPT into iOS 18, aiming to enhance the iPhone's capabilities with generative AI features.

This move is seen as essential for Apple to remain competitive, as it currently lacks an equivalent to ChatGPT or Google's Gemini.

💰Knowing AI increases your pay by 25%

A PwC study reveals that jobs requiring AI skills offer significantly higher wages across various professions and countries.

In the US, AI-related jobs pay 25% more than non-AI jobs, with specific professions like lawyers and financial analysts seeing even higher premiums.

This wage disparity underscores the growing demand for AI skills, with the number of AI-related jobs increasing 3.5 times faster than total jobs from 2012 to 2023.

💼 JPMorgan adds AI training as part of onboarding

JPMorgan Chase & Co. has integrated AI training into its onboarding process for all new banking employees.

This initiative, led by CEO Jamie Dimon, aims to equip the workforce for the future, highlighting AI's significant impact, likened to historical innovations such as the printing press and steam engine.

Mary Erdoes, Head of Asset and Wealth Management, announced during the firm's investor day that this year, every new hire will receive prompt engineering training to familiarize themselves with AI technology.

AI INSIDER

💻 Companies spend almost double on AI in 2024

Enterprises are set to nearly double their AI-enabled applications by the end of 2024, increasing from about 250 to 488 applications.

This expansion reflects a growth in AI spending from 2% in 2023 to 3.7% in 2024. The surge is driven by the need to meet the rising demand for AI capabilities and the success of AI pilots, despite the challenge of having few production-ready use cases for large-scale deployment.

🤳 Snapchat shifts to AI to revive ad business

Snap Inc.'s CEO, Evan Spiegel, is steering the company towards AI and machine learning to improve Snapchat's user experience. This strategic pivot follows significant efforts to revamp its advertising business.

Spiegel's move to enhance AI and AR features on Snapchat aims to address the platform's previous shortcomings in machine learning, which impacted its business performance.

📈 Data-labeling startup Scale skyrocketing on valuation

Scale AI, a leading data-labeling service provider for machine learning model training, has successfully raised $1 billion in a Series F round, doubling its valuation to $13.8 billion.

This significant investment, supported by major players like Amazon and Meta, underscores the booming interest in AI technologies and marks Scale AI's impressive growth despite previous challenges.

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KitKat MVP