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Thursdayās AI Report
⢠1. šļø Altman brings iris scanning to USA
⢠2. š¼Ā Become an AI consultant with Innovating with AI
⢠3. š Anthropic backs US export limits
⢠4. šļø Visaās AI shopping revolution
⢠5. š¹Ā Invest in fast-growing software company, Mode Mobile
⢠6. āļø Trending AI Tools
⢠7. šļø Practical AI Applications
⢠8. šĀ Recommended Resources
Read Time: 5 minutes
š¢Ā This weekās AI Report podcast drops tomorrow: Liam chats to Kate Farmer about the unknown risks of AI mental health apps. Itās such a topical discussion, donāt miss it.
ā Refer your friends and unlock rewards. Scroll to the bottom to find out more!
Sam Altmanās identity-verification, blockchain startup, World, has launched its iris-scanning āorbsā in the US. These orbs scan peopleās irises to create a unique user ID, which they can use to verify their identity, which Altman believes is the only way to combat āAI fakeryā and fraud. Alongside this, itās also formed partnerships with Visa and Tinder (more on this later) and is planning to launch a mobile-like device in 2026āthe Orb miniā which will have two large camera āeyesā that will scan users' irises, on the go.
People can scan their irises in six āinnovation hubsā in Atlanta, Austin, Los Angeles, Miami, Nashville, and San Francisco, and World predicts over ½ the US population will have access to one by the end of 2025.
World has partnered with Visa to create a āWorld Visa card,ā which will be available (later this year) to those who have scanned their irises and can be used wherever Visa is accepted.
It's also integrated its tech into the dating app, Tinder (currently piloting in Japan), to identify the age of users to try and prevent the rise of dating app scams.
World has previously faced criticism from foreign governments for how it captures and stores usersā biometric data: It keeps hold of some personal data to make sure people donāt double-scan or try and trick the system, but World remains resolute that all data is decentralized, making it impossible to reverse-engineer.
The AI consulting market is about to grow by a factor of 8X ā from $6.9B to $54.7B in 2032.
But how does an AI enthusiast become an AI consultant?
How well you answer that question makes the difference between just āhaving AI ideasā and being handsomely compensated for your contribution to an organizationās AI transformation.
Thankfully, you donāt have to go it alone ā our friends at Innovating with AI have welcomed 700 new students into The AI Consultancy Project, their new program that trains you to build a business as an AI consultant.
Some of the highlights current students are excited about:
The tools and frameworks to find clients and deliver top-notch services
A 6-month plan to build a 6-figure AI consulting business
Students getting their first AI client in as little as 3 days
Just 2 weeks before the implementation of the US Department of Commerceās āFramework for Artificial Intelligence Diffusionā (known as the AI Diffusion Rule), which enforces export controls on advanced AI chips, AI start-up Anthropic has announced its āstrong supportā for the framework, declaring itās essential for maintaining Americaās AI advantage and economic prosperity, but has suggested three refinements to strengthen its effectiveness.
šĀ Framework recap: The AI Diffusion Rule was first introduced in January by the Biden Administration. It divides the worldās countries into three tiers (each with its own export controls), based on national security risk:
Tier 1 includes Americaās closest allies, like Japan and South Korea, and can continue without export restrictions.Ā
Tier 2 includes Mexico and Portugal, which will face some restrictions, including a cap on how many chips they can buy.
Tier 3, which includes China and Russia, is the most heavily restricted and faces strict export controls.
When the framework was first introduced, several tech industry leaders, including AI chip-maker NVIDIA, believed it would āderailā innovation worldwide, but Anthropic clearly disagrees.
In one of its recommendations, Anthropic suggested lowering the number of AI chips Tier 2 can buy, instead, encouraging government-to-government agreements that would prevent smuggling and increase US control.
In another, Anthropic has called for increased funding to make sure the export restrictions are properly enforced, noting that "export controls are only effective with proper enforcement."
Anthropic CEO Dario Amodei has previously advocated for stronger export controls and has warned the US government that any delay in implementing the framework "would invite stockpiling and weaken the effectiveness of the rule."
Visa has launched a program, called Intelligent Commerce, which enables AI agents to find and buy products on behalf of customers, to enhance and personalize their shopping experiences.
To enable this, Visa is partnering with a mix of tech companiesāincluding Anthropic, IBM, Microsoft, Mistral, OpenAI, Perplexity, Samsung, and Stripeāwhich will connect to Visaās payments network.
This follows similar announcements from Mastercard, Amazon, and PayPal, which are launching similar initiatives to build āagentic commerceā and make AI shopping āmore personal, secure, and convenient.ā
No, it's not NVIDIA⦠It's Mode Mobile, 2023ās fastest-growing software company according to Deloitte.
Their disruptive tech, the EarnPhone and EarnOS, has helped users make and save an eye-popping $325M+, driving $60M+ in revenue and a massive 45M+ consumer base. And having secured partnerships with Walmart and Best Buy, Modeās not stopping thereā¦
Like Uber turned vehicles into revenue-generating assets, Mode is turning smartphones into an easy, passive revenue source. The difference is that you get to invest early in Modeās pre-IPO offering at just $0.26/share.
Theyāve just been granted the stock ticker $MODE by the Nasdaq2, and the time to invest at their current share price is running out.
Read the offering circular at invest.modemobile.com
Prompt Inspiration
After typing this prompt, you will get a strategy that will allow you to routinely update your virtual shopping assistant with new products, offers, and content.
Create a strategy for regularly updating and maintaining our virtual shopping assistant with new products, offers, or content.
P.S. Use the Prompt Engineer GPT by The AI Report to 10x your prompts.
Name: Mem AI
Value: $110M
Funding raised: $29.1M
Mem is an AI-based note-taking app. Their key feature, Mem Chat, integrates GPT-4 to make note-taking easier and more efficient. Users can interact with the AI conversationally, making organizing thoughts, capturing ideas, and retrieving information easier.
How Every Employee Becomes an "Agent Manager"
This podcast discusses Microsoftās latest Work Trend Index, which reveals a major shift in enterprise AI where every employee is on track to become an āagent manager.ā
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