Today’s Menu

• Hollywood Fears AI: Securing Jobs
• Is AI A Bubble?: Boom Or Bust
• X-Men Reimagined: A Classic Western

Hollywood Fears New Tech 😨

Screenwriters and actors are concerned because AI completely shifts their role in the studio.

Are writers going to spend all their time editing AI-generated scripts?

Are actors going to be deepfake’d out of their own uniqueness without consent or compensation?

The appearance of such powerful models will inevitably transform the concepts of intellectual property, reshape industries, and change the nature of entire works.

The ‘Dot-AI’ Bubble 📈

We aren’t talking about fidget spinners and pet rocks…

AI tech is more like the invention of the steam engine or electricity.

It’s the foundational base on which the next wave of digital innovation will be built.

And ChatGPT’s public appearance last November functioned as the catalyst for the current buzz.

Now, venture capitalists are pouring billions into generative AI companies.

Total global corporate investment into AI has grown 150% since 2019 to nearly $180 billion, and nearly 30-fold since 2013.

Research by Deutsche Bank
It’s not just big-money private investors hoping to cash in either.

Money has been flowing into the world’s top five AI-focused exchange-traded funds, and in return, they’ve ballooned by an average of 35% since the start of the year.

In May, NVIDIA, a US maker of the advanced microchips required to power generative AI, became the sixth company in the world to reach a market capitalization of $1 trillion.

We don’t talk enough about the fact that NVIDIA is now a $1.1 trillion dollar company due to AI. pic.twitter.com/ggekLRBNMn

— Aaron Levie (@levie) July 13, 2023

Investors are struggling to determine if they’re backing the next Amazon or Google because the situation is strikingly similar to the dot-com bubble.

Only two of the most valuable tech stocks today were in the top 10 at the peak of the dot-com bubble in March 2000 [Microsoft and Cisco].

AI will slowly, and then very rapidly, integrate into, or completely replace, every piece of software within the next decade.

The real question is: Who will remain 10 years from now?

Wolverine: The Outlaw 🔫

I think that’s enough talk about economic bubbles and job security…

Let’s take a look at how Midjourney was able to reimagine popular X-Men characters into cowboys:

Today’s Fast Snacks 🥡

Video Editing Has Never Been Easier

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Automatically Transcribe Every Conversation

Fireflies helps your team transcribe, summarize, search, and analyze all your voice and video conversations in minutes.

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