🧠 Intuit-ive AI

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Happy Thursday, fellow humans. 👋

So, in the craziest turn of events, Heart on My Sleeve, the song by AI versions of Drake and The Weeknd, has been submitted for Grammy consideration. If they end up winning, we have some questions:

• Do Drake and The Weeknd get credit?

• Who takes home the award?

• What in the world is happening?

• What?!?

Anyway, let’s dive into it…

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🧵 In today's edition:

• 🧠 Intuit-ive AI

• ☁️ Salesforce is sold on AI

• 📈 Hubspot’s AI Hub

• 🤑 AI Fundraising News

🤖 Top AI News

🧠 Intuit-ive AI

Intuit just unveiled a groundbreaking AI-driven digital assistant, 'Intuit Assist,” that is soon to be embedded within its core products: TurboTax, Credit Karma, QuickBooks, and Mailchimp.

Powered by GenOS, Intuit's proprietary generative AI operating system, Intuit Assist uses rich contextual data to provide personalized support. Here’s what that looks like:

• TurboTax: Simplifies tax preparation with personalized checklists, answers, and insights.

• Credit Karma: Users get financial guidance based on their unique data.

• QuickBooks: Users benefit from cash flow insights and personalized assistance.

• Mailchimp: Helps streamline email campaigns, allowing customization at scale.

Plus, Intuit is also committed to accuracy and customer privacy.

We realize these words are being thrown around like a hot potato nowadays, but Intuit may be on to something.

The AI system relies on vast datasets and domain expertise to deliver reliable answers, reducing the risk of AI-generated hallucinations. Intuit has also established a robust AI governance framework to protect transparency and privacy.

Overall: Intuit's early investments in generative AI have already yielded impressive results, with millions of AI-driven interactions and billions of machine learning predictions.

They can impact more than 100M SMBs and customers worldwide, so seeing how this plays out in the coming months will be interesting.

Read more: TechCrunch

☁️ Salesforce is sold on AI

In the red-hot AI arena, Salesforce made waves by taking the lead in Hugging Face's Series D round, beating out tech giants, startups, and investors vying to stay at the forefront of the AI revolution.

Here’s a quick rundown of all the other AI things Salesforce has been up to recently:

• They launched their Einstein AI product in March.

• Dreamforce, Salesforce's annual conference, is going all-in on AI, reflecting its commitment to this transformative tech.

• Earlier this year, Salesforce Ventures committed $250 million to generative AI startups, attracting innovators like Cohere, Anthropic, and Runway.

• They then doubled that fund size to $500M to reflect their growing interest in the AI ecosystem.

Quite a lot of movement on their end.

Overall: All this activity can only suggest one thing - Salesforce is determined to stay ahead of the AI curve with a blend of in-house innovation and external collaboration.

Big investments allow them to keep a finger on the pulse of what’s happening in AI and make smart future predictions.

Curious to see what they do next. Our prediction? A big acquisition is incoming… but only time will tell.

Read more: Axios

📈 Hubspot’s AI Hub

HubSpot unveiled its AI Hub, a significant development in its effort to enhance its marketing and sales automation platform at the Inbound Conference.

This AI Hub integrates new and existing components to provide users with advanced AI capabilities, allowing users to make data-driven decisions, personalize customer interactions, and optimize marketing campaigns more effectively.

Here’s a quick breakdown of what users can expect:

• Content Assistants: Allowing users to generate content from blogs to marketing campaigns using context from the platform.

• AI Agents: Automated customer support for all your biz needs.

• AI Insights: Allowing users to predict customer behavior.

• ChatSpot: Launched in March, it allows sales and marketing folks to query through Hubspot content.

Overall: As businesses increasingly rely on AI to gain a competitive edge, HubSpot's AI Hub is poised to be a valuable asset, allowing companies to stay ahead of the curve and deliver more relevant and effective marketing experiences to their audiences.

Read more: TechCrunch

🤑 AI Fundraising News

Ibex Medical Analytics raises $55M in Series C funding to improve the quality and accuracy of cancer diagnosis, reduce turnaround times, and boost productivity.

AI Chipmaker d-Matrix raises $110M in Series B funding round.

🗞️ AI Quick-Bytes

What else is going on?

1. Dictionary.com adds a bunch of AI-related words.

2. 'Slack AI' will summarize your work chat starting this winter.

3. Meet the AI, fintech, SaaS, and security industry chairs at TC Disrupt 2023.

4. AI can be an extraordinary force for good—if It’s contained.

5. Microsoft to detail OneDrive AI plans in ‘future of file management’ event.

6. Baidu’s $23 Billion Rally May See Boost on ChatGPT Rival Launch.

7. Arm’s $55 Billion Valuation Falls Short of Lofty Expectations.

8. Using AI to talk to trees with Graham Hine from ePlant.

🐦️ Tweet of the day

What a fantastic conversation! If you didn’t get the chance to tune in live, definitely check it out on YouTube.

And that does it for today's issue.

As always, thanks for reading. Have a great day, and see you next time! ✌️

— Haroon: (definitely) Not A Robot and @haroonchoudery on Twitter

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