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$300 Billion AI Market

$300 Billion AI Market

PLUS: AI PDF Reader, IBM & Wipro

February 22, 2024

Welcome humans, here’s your 3-minute recap (without the fluff):

Global AI market is projected to reach $300 billion by 2027
Adobe's AI chatbot for PDFs and documents
Wipro and IBM to offer new AI services
New tools, funding updates & job postings
Etcetera

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🛠️ Tools

Shortform - Read 2 books a week. Sounds impossible? Not if you use Shortform. Books we’re reading this week: “How to Read a Book” & “Rebooting AI” Get 20% off the Annual subscription

Brand24 - Helps you measure your brand awareness, analyze competitors and discover customer insights (link)

Wix Studio - It transforms your designs with brilliance and efficiency, offering pixel-perfect, responsive editing, and effortless animation with no-code tools (link)

llElevenLabs - Create natural AI voices instantly in any language - perfect for video creators, developers, and businesses (link)

📚 Resources

This startup is using AI to discover new materials (link)

Inside the funding frenzy at Anthropic, one of AI's hottest start-ups (link)

How AI is aiding hyper-personalization of data for financial institutions (link)

Open source vs closed source AI: What’s the difference and why does it matter? (link)

Startup launches AI-backed education, health, and edutainment content service (link)

P.S. You can still get The Ultimate ChatGPT Toolkit (no email opt-in).

🗞️ News

$300 billion AI market

Mustafa Suleyman spoke at an event about how companies like OpenAI are building increasingly large language models, Suleyman believes smaller, more affordable, and open-source models will also be very effective.

Indian companies like Reliance and entrepreneurs like Vinod Khosla are working on these types of smaller AI services and models. The Global AI market is estimated to reach $300 billion by 2027.

→ More details about Indian AI companies

AI PDF reader

Adobe introduced a new AI chatbot for its Acrobat PDF reader software called AI Assistant. The chatbot will find and understand information contained in PDFs & documents.

It can answer questions about a document's content, recommend questions for users to explore, and summarize or format content for sharing.

→ More details about Adobe’s AI Assistant

IBM & Wipro

Wipro and IBM have expanded their 20-year partnership to offer new AI services to clients. They have launched the Wipro Enterprise AI-Ready Platform, which uses IBM's Watson technologies like WatsonX AI and data platforms.

The platform provides tools and capabilities for businesses to build their own customized AI environments.

→ More details about their partnership