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Will AI be bigger than the internet? 🤯

🤖 AI's impact on society, OpenAI's $1.3 Billion in annual revenue, an AI summarizer Chrome extension, and more!

Author

Everyday AI
October 16, 2023

Outsmart The Future

Today in Everyday AI
6 minute read

🎙 Daily Podcast Episode: People are always comparing AI to the Internet. That’s all wrong. AI will have a MUCH bigger impact. Why? Give it a listen.

🕵️‍♂️ Fresh Finds: An AI platform for creating audio stories, overseas workers getting paid pennies for training AI, and how AI is being used in American football. Read on for Fresh Finds.

🗞 Byte Sized Daily AI News: OpenAI seeking $1.3 Billion in annual revenue, Elon Musk’s AI brain chips and AI discovers a supernova on its own. For that and more, read on for Byte Sized News.

🚀 AI In 5: Looking for a quick and easy way to summarize content on the web? We’re reviewing Gist AI, a Chrome extension AI summarizer. Check it out here

🧠 Learn & Leveraging AI: So why is AI different than the arrival of the Internet and how much bigger will AI’s impact be?
Keep reading for that!

↩️ Don’t miss out: Did you miss our last newsletter? We talked about How AI is helping tech startups grow, the US government considering AI chip restrictions on Chinese firms, and how to make AI-powered walkthroughs and tutorials. Check it here!

Will AI Be More Impactful Than The Internet? 🤯

AI is often being compared to the arrival of the Internet.

(But, like, why?)

Comparisons aside, will AI be more impactful than the changes that the Internet brought?

Hint: Yes it will

Today we dive into how AI has and will affect society on every level and the lasting effects it'll have compared to the Internet.

Join the conversation and ask Jordan any questions about AI.

Also on the pod today:

• The Internet's impact vs. AI's impact ⚖️
• Why people dismiss AI ❌
• ChatGPT and the impact of other LLMs 🤖

It’ll be worth your 31 minutes:

Listen on our site:

Click to listen

Subscribe and listen on your favorite podcast platform

Listen on:

Upcoming Everyday AI Livestreams

Tuesday, October 17th at 7:30 am CST ⬇️


Thursday, October 19th - Real business use cases for AI


Friday, October 20th 18th - How AI is impacting all aspects of HR

Here’s our favorite AI finds from across the web:

New AI Tool Spotlight – LegalNow helps you draft and review legal documents, Just Story It is an AI platform for creating audio stories, and novelistAI lets you create illustrated novels.

Future of Work – When we said AI would create new jobs, no one thought it would be this way. Tech giants like Amazon and Google are paying workers across seas as low as 2.2 cents to train AI.

AI in Society - Wondering how AI is shaping the battlefield? Check out these 5 ways AI is giving the edge to smaller militaries.

AI in Medical – AI is being used to create a pain detection system to improve patient care.

Read This – If you live in America, football season is here. check out how AI is being used in mouth guards to prevent injuries.

1. OpenAI Eyes Whopping $1.3 Billion in Annual Revenue 💰

OpenAI is aiming for a staggering $1.3 billion in annual revenue. The revenue surge is expected to be driven by broadening its customer base and diversifying its AI applications, marking a significant shift from its earlier non-profit origins. Read on here.

2. Elon Musk's Neuralink: Merging Minds with Machines 🧠

Elon Musk is pushing the boundaries of technology with Neuralink, a brain-computer interface designed to enable direct communication between the human brain and computers. This futuristic venture aims to address various neurological issues and, eventually, enhance human cognition.

3. SEC Warns of Financial Crash by AI 📉

The head of the U.S. Securities and Exchange Commission (SEC) has sounded the alarm that AI could instigate a financial crash within the next decade. The concern stems from AI's increasing role in financial systems and the potential for rapid, AI-driven trades to create market instability.

4. Ukraine's AI-Powered Attack Drones Take Flight 🛩️

Ukraine is stepping into the future of warfare, deploying AI-powered autonomous attack drones, according to reports. These advanced drones, equipped with AI for enhanced targeting and decision-making, signify a new era in military technology, potentially changing the dynamics on the battlefield. While they offer strategic advantages, they also raise serious ethical concerns about autonomous weapons systems.

5. AI Discovers Supernova Without Human Help 🌌

In a world-first, a new AI system has achieved the remarkable feat of discovering a supernova without human intervention. This breakthrough underscores AI's potential in astronomical research, automating the detection process and analyzing vast amounts of space data more efficiently than ever before.

Gist AI Chrome Extension Review - Is this AI summarizer a Gem? 💎

Looking for a quick and easy way to summarize content on the web?

Samesies.

Gist AI is a Chrome extension that's been trending as a handy tool for summarizing content. Does it actually shine in functionality?

Let's find out if this is a tool you should be using!

🤷‍♂️ What’s Going On and Why It Matters:

Using AI is kinda like using the Internet, right?

Nope.

The impact of Generative AI is something we hear about all the time. But most people are missing the mark when it comes to the impact of AI.

‘It’ll be just like the Internet’ they say.

‘AI’s impact? Kinda like what Netflix did to Blockbuster’ people predict.

Wrong and wrong.

It seems so many people are missing the mark on how impactful Generative AI will be, so we dedicated an entire episode to drawing a line in the sand between the Internet and Artificial Intelligence.

If you’ve got a hot take, go sound off in the LinkedIn discussion. We’d love to hear it.

But here’s our hot takes on the impact of AI, summarized.

  • The internet changed how we shared intelligence. AI changes what intelligence is.

  • We all had a decade-plus to adjust to the internet. We won’t get that long with GenAI.

  • AI will likely lead to a financial crash in the US. (And that’s according to SEC Chair Gary Gensler, not us).

  • People trying to compare the internet and Artificial Intelligence don’t really understand AI.

  • Early expert predictions show that AI will be at least twice as impactful to our economy, in about a third of the time.

Welp. That’s a lot.

What’s it all mean, though? And what can we even do about it?

Let’s take a deeper dive 🤿

🦾 How You Can Leverage:

Nothing like an AI rant to get your week started, right?

Full agree.

To be honest, we’ve been kinda fed up lately with the general misunderstanding of the impact of GenAI.

Thought leaders comparing GenAI to the internet — wrong.

Companies writing off GenAI — inviting failure.

People not learning GenAI because it doesn’t apply to them — flirting with your job security.

So, we had to try and set the record straight when it comes to the internet and AI and comparing the impact of each.

1 – Listen to smart people 📚

The Internet is brimming with stupid.

And with random people selling you hot garbage products and services on all things AI, it can be tough to separate fact from fiction when it comes to truly understanding the impact of AI.

And then throw in the most inaccurate blanket statement on AI ever — AI won’t take your job, someone using AI will. Yuckgrossbarf. Here’s the reality — the smartest tech minds in the world understand AI better than the rest of us, and they say using AI is definitely not like using the internet.

Try this: 

Yeah, we’ve got 100+ episodes from people smarter than ourselves talking about AI. But, here’s some third party sources you’ve gotta listen to if you want to really understand the direction AI is headed. The Godfather of AI, Geoffrey Hinton, talks about AI advancement. Google CEO Sundar Pichai talks about why AI will mean more than fire and electricity, and Bill Gates talks about handling the risks of AI.

2 – Reframe AI in your mind 🧠

Real talk — so much of AI is having the right mindset.

Don’t believe us? Earlier this year, just about everyone was ready to write off AI. “Insiders” and “industry experts” tried to liken GenAI to other much-hyped tech innovations, like the NFTs, crypto or the Metaverse. (Read this lol).

They called AI just another internet technology, and said it would die off in the hype cycle.

Fast-forward to today, and AI is expected to grow future economies faster than anything we’ve seen before. (Yeah, they were absolutely wrong.)

Try this: 

A common misconception is writing off AI’s impact because we don’t understand it. Or we’re scared of it. Instead of being like those “Insiders” and “Industry experts” who had dead-wrong takes on AI earlier this year, try to learn specifically about how AI is impacting your line of work. Again, AI isn’t like the internet. It’s changing how intelligence is created. And just about any biz under the sun will eventually be impacted.

Don’t ask “If” AI will impact your line of work, but ask “How”.

Then, start building your or your company’s future plans around how AI is impacting your sector. (Here’s a great overview on AI’s current influence across many sectors.)

3 – Leverage Gen AI the right way 🚀️

Learning ain’t enough shorties.

Simple as that. If you’re reading this newsletter, or listening to our podcast, you probably at least have an interest in learning AI. Which is a great start.

And that means you probably know how much more impactful AI will be than the Internet.

But if you want to be prepared for the incoming GenAI waves (and we’re JUST getting started!) It’s important to not just learn AI, but start leveraging it in your day-to-day.

Try this: Don’t skip to #3 on this one. That’s dangerous. Take some time to dig into the resources from #1 and #2 above. Then, it’s important to prioritize your time and efforts in how you actually use GenAI. Don’t just jump straight to the next shiny tool and find out how it could benefit your company, career or department. Instead, take findings away from #1 and #2 above, and find the right way to implement GenAI.

Now This …

What do you think? Will AI be more impactful than the internet? What other questions do you have? Hit us with a reply and we’ll answer!

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