⚡️ Civilization Risk?

It’s Thursday. Elon Musk has reportedly warned US senators at AI Insight Forum about unregulated AI technology posing a “civilization risk” to society. He has also called for a government agency to overlook developments in AI and ensure safety.

Today's Highlights:

• a16z’s report on GenAI consumer interaction

• Stability AI launches text-to-audio

• Adobe introduces Firefly to Creative Cloud

DEEP DIVE

Understanding GenAI Consumer Interaction

In less than a year since ChatGPT was introduced, it has become the fastest consumer application to register 100 million monthly active users. But how are consumers using other GenAI products apart from ChatGPT? An a16z Consumer report examines the top 50 GenAI web products (based on SimilarWeb data) to find out.

Some key observations:

• Proprietary models are dominating: 80% of the top 50 GenAI products didn’t exist a year ago—suggesting many of the most compelling consumer experiences are completely novel. Interestingly, 48% of these are bootstrapped—with no outside funding.

• ChatGPT holds a massive lead: ChatGPT alone accounts for 60% of the entire list's monthly traffic, with roughly 1.6 billion visits and 200 million monthly users as of June 2023.

• LLM assistants are dominating: LLMs, including Google’s Bard and Quora’s Poe, constitute 68% of total consumer traffic to the top 50. The other categories seeing significant traffic are AI companions and content-generation tools.

• GenAI marketing is mostly organic: Marketing for most of these products has been reliant on referrals, word of mouth, and other traditional marketing as they enter the market. About 90% of these companies are already monetizing, and most do so via a subscription model.

But note that GenAI products remain browser-first, primarily. Calling out the exceptions, three GenAI products—PhotoRoom, CharacterAI, and Speechify—have seen significant engagement on their mobile apps.

While there are promising signs for GenAI, they need to prove their agility and adaptability in handling consumer demands, cultural diversity, and changing market dynamics in the long run.

Keep reading here.

PUNCHLINES

The Clone Wars: California legislation aims to protect actors from AI imitators in contract clauses.

By The Rules: EU announces initiative to allow 'responsible' AI startups access to its HPC supercomputers for model training.

Against You: Github alienates developers by merging curated and algorithmic recommendations into one feed.

Check and Balances: California senator plans to introduce a bill demanding more transparency and stricter regulation for generative AI models.

TLDR

Stability AI Launches Generative AI Audio Platform: Stability AI has unveiled its new text-to-audio platform, Stable Audio. This platform offers users customizable audio lengths for applications such as music production, going beyond fixed audio lengths typical of other diffusion models. The system is powered by over 800,000 audio files and offers three pricing tiers, including a free version with limited capabilities.

Adobe introduces Firefly to Creative Cloud: Adobe's Firefly generative AI models, which include features like generative fill and expand, are now available in its Creative Cloud, Adobe Express, and Adobe Experience Cloud without needing to install the beta version. Adobe has implemented a credit system for user interaction with the models and maintains their commercial safety.

EY rolls out AI platform following $1.4 billion investment: After a $1.4 billion investment, EY has unveiled EY.ai, a platform aimed at helping clients boost AI adoption. The platform has alliances with companies like Microsoft, IBM, SAP, and more. Following an initial pilot, EY will also release a secure LLM called EY.ai EYQ.

Amazon launches generative AI tools for seller listings: Amazon's new generative AI tools will aid sellers in creating enticing product descriptions and relevant listing details. Built with LLMs on vast datasets, the aim is to improve and enrich product understanding. There are concerns about accuracy and liability, as eBay and Shopify have also adopted generative AI.

TRENDING TOOLS

🎭 Solidroad: Deliver AI-powered role-play training for sales teams

📱 Glide AI: Create AI-boosted apps effortlessly with native building blocks

⏰ TimeOS AI: Manage meeting notes & scheduling using time-aware AI

💡 Supademo 2.0: Create interactive demos and guides in seconds

📝 tl;dv: Transcribe and summarize meetings automatically

That’s all for today—if you have any questions or something interesting to share, please reply to this email. We’d love to hear from you!

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