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The Business Side of AI
Artificial Intelligence (AI) is not just revolutionizing industries; it has also become a lucrative business in its own right, to potentially generate profits for its creators. From developing sophisticated algorithms and AI-driven applications to providing AI as a service (AIaaS), companies are finding innovative ways to monetize AI technology. This compilation explores the business side of AI, highlighting how key players like OpenAI are grappling with their monetization adventure. This compilation also features recent AI innovations. The featured content is interesting and worth your reading time.
OpenAI Struggles Financially Amidst Rising Costs
OpenAI faces a potential loss of up to $5 billion by the end of 2024 due to rising operational and staffing costs, despite substantial funding and market valuation. The competitive landscape and the high expense of maintaining AI models challenge the monetization of generative AI. Sustainability concerns, driven by significant energy consumption and environmental impact, add to the complexity of achieving profitable AI solutions. How will this OpenAI conundrum be fixed? There is a need to think of sustainable and profitable AI solutions that will require a delicate balance of innovation, investment, and environmental stewardship.
SayMotion - AI to generate 3D videos from Text
SayMotion is an AI tool that allows users to generate 3D videos from text prompts. It is designed to create complex animations for various purposes, such as movies and marketing videos. The tool can only be accessed through a desktop browser; it is not available on mobile devices. SayMotion will eliminate the need for specialized hardware, technical expertise, or stock animations. Users can create animations by signing up for an account and entering text prompts that describe the desired 3D motion. The AI interprets these prompts to generate animations. SayMotion also includes a library of pre-built characters and allows for customization of characters. Users can export videos in popular formats like MP4, with a free version available alongside a paid version that offers additional features.
The Dangers of Self-Generated AI Data
There is a growing concern regarding the spreading of AI content on most websites. If this continues, that means that the training of future AI will be from AI-generated content, gradually becoming traditional content. Increasing self-generated data in AI systems can lead to a collapse and thus produce "nothing" due to reliance on AI-generated content. we must understand the cycle of AI training on AI-generated content, the concept of "model collapse," and the ethical considerations necessary for the responsible use of AI technology.
Intron Health Secures $1.6M to Improve Speech Recognition in Africa
Intron Health has secured $1.6 million in funding to improve speech recognition technology tailored for African healthcare, specifically to enhance electronic medical record (EMR) systems. Intron Health, founded by Tobi Olatunji, a Nigerian clinical natural language processing (NLP) scientist focuses on improving healthcare in Africa, with a notable mention of a hospital in West Africa that has successfully implemented this technology. Intron Health plans to utilize the funding to integrate AI technologies into their EMR systems for tasks such as prescriptions and lab tests. The company has developed a clinical speech database consisting of 3.5 million audio clips from over 18,000 contributors across 29 countries, ensuring that the technology is well-suited for the African context.
Turn BANANA into USD on Telegram!
The debut of Notcoin buzzed the Tap2Earn hype in the crypto space. Similar to what meme coins do, the Tap2Earn projects bring the former crypto enthusiasts back with hopium of airdrop. Free or effortless money sounds highly attractive to millions of people. The BANANA game developed by CARV (modular data building company) is one of the latest Tap2Earn projects launching on Telegram. The game exceeded more than 1M players only in 72 hours. The BANANA game allows players to earn USD by tapping on bananas and completing tasks. Are you going to tap banana to earn USD?
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