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- Adobe makes a splash 🎨
Adobe makes a splash 🎨
Plus: Google struggles with Chatbot
GM readers 👋🏻
The launch of ChatGPT has set off a frenzy of product launches by companies to show they are in the AI game. Industry wide opinion is that AI is having it’s iPhone moment - Just as the iPhone and apps led to a revolutions of development, AI is bringing a seismic change in business.
On to the update:
Adobe’s new Generative AI products
Google struggles to compete with ChatGPT
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The Main Thing
You should know
Adobe unveils new Generative AI
New tools helps you create art within minutes
Adobe products have dominated the creative photo and video industry for the last 20 years.
This week Adobe unveiled Firefly, the next generation of products that are powered by AI.
Why it matters: Every industry is at inflection point with advancements in AI. As a company, either you leverage AI now or face deterioration soon. Adobe has adapted masterfully!
The current generation of creative tools like Photoshop and Premiere are powerful but have 2 major problems:
Steep learning curve: It can take you months to produce at professional level.
Time Consuming: Creating and editing content is time consuming and slow.
Firefly fixes both of them:
Easier learning curve: You give instructions to Firefly in plain english.
Quick production: You can create designs from scratch in seconds instead of days!
Between the lines: Adobe did not use 'stolen' images to train its AI, instead relying exclusively on stock images and licensed content. This means the art generated by AI is safe for commercial use! This is in stark contrast to other generative art tools like Stable Diffusion, which have been sued for copyright infringement.
What's next - Firefly currently has a waitlist, you could request access here.
Tech Roundup
Stay Informed
Google Bard: Too little and too late. The AI chatbot was launched with week to compete with OpenAI's ChatGPT.
The chatbot is decent but falls flat when compared to GPT-4.
But what’s surprising is, Google was once considered to be the leader in AI. Today it’s products are barely making a mark. This is a much bigger problem than the Chatbot itself.
3 of the 5 ‘major’ products are already discontinued!
Click To Cancel: FTC proposed a new rule to penalize companies that make it difficult to cancel unwanted subscriptions for everything, from cosmetics to newspapers to gym memberships.
The rule would require sellers to make it as easy for consumers to cancel their enrollment as it was to signup. That means no more calls to customer service to end a subscription.
Around the Internet
Quick Juicy bites
🍎 Apple: is cracking down on remote work by tracking employee attendance via badges!
📉 Block: Jack Dorsey's $44B fin-tech is down 19% after Hindenburg's short report.
🚀 Relativity Space: 3D printed rocket failed to reach orbit due to failure in second stage rocket.
💰 Character.ai: It's raining money in AI-world, a startup with $0 revenue raised $150M at $1B valuation.
Misc
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