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AI Companies Lost $190 Billion

Welcome to our Thursday edition!

AI companies lost $190 billion after dismal financial report.

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In today’s menu:

  • AI Inspiration Quote

  • AI Companies Lose $190 Billion

  • AI & Marketing

  • Byte Sized news

  • Prompt of the day

  • Cool Free AI Tool

  • AI Meme of the Day

 Reading time: 7 minutes


A person who never made a mistake
never tried anything new


AI Companies Lose $190 Billion

Microsoft, Google, and AMD, companies heavily involved in integrating AI into their products, are facing challenges meeting investor expectations for AI technology.

  • Microsoft's revenue increased rapidly, driven by AI products boosting the adoption of its data-center services. However, investors wanted more clarity on how AI would contribute to future financial performance.

  • Google faced concerns about softness in its core search advertising business and questions about its aggressiveness in AI compared to Microsoft.

  • AMD predicted increased sales for its new AI processors but experienced a decline in stock value.

Investors had high expectations for an AI boost, but the companies' results did not meet those hopes, leading to a drop in their stock prices.

AI & Marketing

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More than half of college students use AI programs for their essays. A survey of over 1,000 UK college students by the Higher Education Policy Institute found that 53% use AI to help with assignments. One in four use apps like Google Bard or ChatGPT for topic suggestions, and one in eight use them for content creation.

Last week, before the New Hampshire primary, some people got a strange robocall claiming to be from Joe Biden. Instead of asking them to vote, it told them not to bother and to wait until the November election. The call seemed odd, but it sounded like the president, and the caller ID said it was from a former chair of the New Hampshire Democratic Party. Turns out, it was made by AI. We don't know who did it or why.


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