📈 The AI industry is booming to $1 trillion

Bark! Happy Friday, folks. Pauly here, your dedicated AI sherpa, guiding you up the ever-changing slopes of AI for business.

Here’s what we got to send you into the weekend:

• 🗞️ The AI industry is expected to grow to $1.3 trillion by 2032

• 🗞️ JPMorgan leading Wall Street with over 3.5k AI jobs available

• 🛠 Promo.ai: Turn existing content into engaging email newsletters

• 💡 Learn how to use camera lenses for the perfect AI images

• 🗞️ Alibaba announces ChatGPT competitor; Baidu raises $145m AI fund

🗞️ News

ChatGPT & Generative AI Set to Drive a $1.3 Trillion Boom by 2032

The AI market is set for explosive growth, with projections having it soaring to a staggering $1.3 trillion by 2032. This dramatic increase, fueled by AI tools like ChatGPT and Google's Bard, represents a leap from last year's $40 billion in revenue.

This projected growth is driven by the demand for the infrastructure necessary to train AI systems, fueling the proliferation of AI-incorporated devices, advertising services, and more. This development represents a major paradigm shift within the industry.

Key Takeaways:

• AI tools like ChatGPT are skyrocketing the generative AI market, from $40 billion last year to an estimated $1.3 trillion by 2032

• An annual growth rate of 42% over a decade is expected, primarily driven by the demand for infrastructure to train AI systems

• Generative AI is projected to become a major part of IT spending, advertising, and cybersecurity, with an impact on the overall tech sector

• Big players like Amazon’s cloud division, Alphabet’s Google, Nvidia, and Microsoft stand to benefit the most from this AI boom

• Revenue growth will chiefly come from the demand for AI infrastructure, with AI-assisted digital ads and AI servers also contributing significantly

Our Take: This AI elevator promises a treasure trove of opportunities beyond just revenue boosts and investment opportunities — think next-level customer service, transformative digital ads, and revolutionary cybersecurity.

JPMorgan Paves New Path on Wall Street with Over 3.6K AI Jobs Up for Grabs

In a defining move, JPMorgan is spearheading Wall Street's transition to AI. According to Bloomberg, the bank advertised a whopping 3,651 AI-related jobs globally from February through April. This after announcing their new IndexGPT tool.

The roles range from data engineers to ethics and governance, highlighting the bank's commitment to embracing this burgeoning technology. With these numbers, JPMorgan is advertising twice as many AI-related roles as its nearest competitor, Citigroup.

Here’s what we know:

• JPMorgan leads Wall Street's AI revolution, advertising over 3.5k AI-related jobs in just three months

• The AI roles include data engineers, quants, and ethics and governance positions

• JPMorgan's AI job advertisements nearly double those of Citigroup, its closest competitor

• JPMorgan has even filed a patent application for an AI software named IndexGPT, aimed at assisting equities traders

Why This Matters: The AI hiring boom at JPMorgan heralds AI's transformative potential in finance, far beyond mere automation. If this legacy industry is embracing AI, it serves as a signal for the wider economy.

🛠 Tools

Promo.ai: Transform Your Content into Irresistible Newsletters Automatically

You've crafted a brilliant piece of content, and now it's time to share it with the world. Enter Promo.ai! This AI-powered tool quickly converts your content into attention-grabbing newsletters that your audience can't resist.

By automating the newsletter creation process, Promo.ai gives you more time to focus on what matters most – creating fantastic content.

How Promo.ai Creates Newsletters That Dazzle

Promo.ai's magic lies in its intelligent features, designed to make your newsletters shine bright with little work involved. Here's the lowdown:

• Automatic Newsletter Creation: Promo.ai takes your existing content and generates a newsletter fast, making the decisions for you ⏰

• Automated Email Sending: Schedule newsletters and send them automatically. No more late-night email sessions 😴

• Email Newsletter Templates: Choose from a range of templates that fit your brand's vibe. Your newsletters look great every time 💃

• Custom Branding: Add your personal touch to your newsletters with your logo, colors, and fonts 🎨

• Analytics & Tracking: Stay in the know with detailed insights into your newsletter performance 📊

Now, Promo.ai isn't perfect. Customization options might be limited for those seeking a highly unique design. But for most, the trade-off of simplicity and speed is well worth it.

Top Ways to Leverage Promo.ai for Your Business

Ready to harness the power of Promo.ai for your business? Check out these five amazing use cases to boost engagement and reach new heights:

• Spotlight Your Fresh Content: Drive traffic to your website by promoting your latest blog posts with captivating newsletters 🎯

• Debut New Products: Build excitement for product launches with enticing newsletters that generate buzz 🛍️

• Share Special Deals: Increase conversions by rewarding your subscribers with exclusive offers and discounts 🎁

• Curate Industry Insights: Share relevant news and trends to position yourself as a thought leader in your niche 🌐

• Send Out Event Invitations: Boost attendance for webinars, workshops, or other events with stylish and inviting newsletters 🎟️

Keep in mind, mastering Promo.ai's interface may require some practice, but don't let that stop you. Visit Promo.ai for more!

We spend hours researching the best AI business tools so you don't have to. You can check out our full list of top-rated AI business software here, which includes rankings by category as well as competitor comparisons.

💡 Tactics

Improve Your Midjourney Photo Prompts with the Perfect Camera Lenses

Dive into the dynamic realm of Midjourney photo prompts. Each lens — fisheye's whimsy, macro's intimacy, tilt-shift's novelty — brings a unique narrative to life.

Prepare your camera for an odyssey where the perfect lens unlocks a world of creative potential. Let’s take a look at how to pick the perfect camera lens for your prompt.

Follow These Steps:

1. Set Up Midjourney: Install and set up Midjourney on your device to start your photography journey. This AI will be your guide throughout the process 📱✅

2. Understand Your Vision: Determine the vision you want to achieve in your photographs. This will influence the type of lens you'll choose 🤔🎨

3. Explore Different Lenses: Research the different types of lenses (fisheye, macro, tilt-shift) and the effects they produce in images 📚🔍

4. Test and Experiment: Use Midjourney prompts to experiment with different lenses and see which one aligns with your vision 📸🔄

5. Reflect and Learn: Analyze the results, learn from your successes and failures, and adjust your approach as necessary 🧐📈

6. Repeat: Photography is a journey. Keep experimenting with different lenses and Midjourney prompts to continuously improve your photos 🔄🚀

For more information on this tactic, check out the full video tutorial.

You can also refer a friend using the share button below to access our full list of AI tactics, which includes both how-to articles and full video tutorials by category👇

🗞️ Small Snacks

Alibaba announced its answer to ChatGPT as Xi calls for greater state control of AI; plus, Baidu raises $145 million AI fund

'AI' is trending in Google searches — but it's not yet to the peak reached by Bitcoin in 2017

Hedge funds are using ChatGPT to do all the mundane work usually relegated to junior staffers; plus, VCs and PE investors are turning to AI-guided dealmaking

The AI revolution is about to take over your web browser

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