Welcome to AI Tool Report!

It’s a little off, but we love to keep you in the loop…

We’re nearly finished developing our Prompt Optimizer tool to make any prompt 10x better. Stay tuned over the coming weeks and months for early access…

_______________________________________________________________

Today:

💰 AI outpaces every industry with $17.9B raised in Q3

Read Time: 4 minutes

💰 AI outpaces every industry with $17.9B raised in Q3

Our Report: AI startups have significantly outstripped other tech industries in terms of funding during Q3, pulling in $17.9B during a time when overall startup deals are witnessing a downtrend globally.

🔑 Key Points:

• AI companies registered a 27% increase in funding compared to the prior year, raising $17.9B during Q3—pretty noteworthy, given the 31% global drop in overall startup deals ($73B).

• Generative AI technology has been a particular point of attraction and has led investors to pour billions into leading businesses, whilst categories such as IT hardware, healthcare services, and consumer goods have all seen a sharp decline.

• Many venture capitalists have compared the current boom in AI to the introduction of the internet, labeling it the HTML moment for generative AI (I think we could come up with a better name).

• A recent Pew research report found that 56% of US adults had heard very little about ChatGPT—so, we’re still a while off mass adoption, and if you’re using AI daily, you’re still ahead of the curve.

Why you should care: The rise of AI startups indicates a shift in technological investments and priorities, with many VCs and Angel investors optimizing for vectors with exponential growth curves. Financially, it seems like the smart move—If you’d invested in NVIDIA 5 years ago, you’d be up 678%.

In Partnership with Facia

Biometric Authentication: No Cost Proof of Concept

The world’s fastest and most secure facial recognition and liveness detection vendor is offering a Zero Cost, Zero Commitment, Full Featured Proof of Concept.

Over 50 hours of engineering goes into customization of your mobile or web application. Live Chat, email, and telephone 24/7 support after implementation. Spaces are Limited.  

Compatible with IOS and Android, RESTful API’s, completely integrated into your existing operations.

Customer Onboarding | Liveness Detection | Face Recognition (1:1 & 1:N) | Age Verification | Iris Detection | Fraud Prevention against 60+ Spoofing Attacks

Speed to value in replacing manual and outdated verification methods with 3D liveness detection and AI driven face recognition with unparalleled accuracy in under 1 second.

Apply Now for your own full featured Proof-of-Concept.

Patent pending, ibeta and NIST certified compliant with the highest levels of data protection. Control your data in your own data centers.

1. KickResume is the world’s most powerful AI resume builder ✨

2. Intellize helps you observe your data with natural language

3. SparkTrade makes investing easy with AI analysis

4. Giftmethat helps you find the perfect gift with AI

5. Podsnacks helps you transcribe podcasts with AI

ChatGPT Prompt

✅ Event Planning

^{copy & paste ⬇️}

"Assist in planning and coordinating logistics for guest speakers, exhibitors, or VIP attendees."

Optimized

"Assist in planning and coordinating the intricate logistical arrangements required to ensure the smooth participation of guest speakers, exhibitors, or VIP attendees in a high-profile event or conference. This multifaceted role involves meticulous attention to detail and a keen understanding of event management, as you will be responsible for orchestrating every aspect of their participation, from initial contact to post-event follow-up.”

MidJourney Prompt

🎨 Artist Highlight: Tatiana Tsiguleva

👵 AI to cut pension costs by mitigating risks

The Mercer CFA Institute's global pensions report suggests that AI can enhance pension performance by reducing expenses, pinpointing potential risks, and spotting irregularities.

While AI offers the potential for more effective decision-making in investments, risks include AI generating misleading data in unfamiliar contexts and susceptibility to cyber attacks on pensioners' information. Would you trust an AI model to handle your pension?

🇺🇸 US blocks China from accessing NVIDIA chips

New US regulations, that extend the October 2022 rules that stopped Nvidia from selling its H100 chip to China, have now blocked Nvidia from exporting its H800 AI chip to China (was only created to circumvent the H100 chip restrictions).

The Department of Commerce claims these changes are to enhance control effectiveness and address national security concerns, with recent reports highlighting Chinese military procurement of US-manufactured AI chips.

🔎 The end of privacy?

Kashmir Hill (a NYT journalist) discussed the implications of facial recognition technology, primarily highlighting the operations of Clearview AI—a secretive startup that created an advanced facial recognition system used by police and corporations worldwide.

Notably, Clearview has scraped billions of online photos, to build a vast database of faces, likening itself to the "Google of facial recognition." Whilst this has many positive implications, such as easily identifying criminals, it does raise data privacy concerns. What’s your thoughts?

⚡ Feature in the world’s fastest-growing AI newsletter

The AI Tool Report just became the fastest-growing AI newsletter in the world, with 400,000+ readers working at companies like Apple, Meta, Google, Microsoft, and many more. We are now taking limited bookings for products that are a good fit. Book your ad spot by clicking here

🗽 NYC Mayor uses AI to make robocalls in languages he doesn't speak

💰$57M raised to integrate AI with commercial trucking insurance

🕶️ 3 things people hate about the Ray-Ban x Meta AR glasses

📸 AI image generation is 7x faster on PCs with NVIDIA GPUs

👩🏼‍🦽 How AI can help people with motor disabilities

🥇 AITR INSIDER POLL 🥇

We read your emails, comments, and poll replies daily.

Hit reply and let us know what you want more of!

Until next time, Martin & Arturo.