🎈 AI stocks aren’t in a bubble

Plus, learn to write an entire book using ChatGPT

Evan Tarver
June 12, 2023

Bark! This is Pauly, your AI business beekeeper from Great Robot, here with the sweetest honey from the buzzing hive of tech.

Here is what's on tap for today:

🗞️ Major AI stocks aren’t in a bubble, according to some
🗞️ US Congress targets AI transparency and competition
🛠 Numerous.ai: Give your spreadsheets ChatGPT-like powers
💡 Learn how to write a book in just 5 hours using ChatGPT
🗞️ ChatGPT can only tell 25 jokes, researchers find

📣 Learn to craft the perfect ChatGPT prompts with our FREE prompt engineering cheat sheet and training video. Save time and money with our 8-step process to create sequence prompts you can use to automate repetitive tasks or for one-off needs:

🗞️ News

Is the Recent Rise of AI Stocks a Bubble or Gold Mine?

AI stocks have been in a state of frenzy with spectacular ascents in share prices. Critics are quick to label this as a bubble, but this may be too hasty a judgment for an arena bursting with promise.

Starring in this high-octane performance are tech titans like Microsoft, Nvidia, and Alphabet. Each has hitched their wagon to AI and has been enjoying a rocket-fuelled ride upward. Is this out-of-control exuberance or a sign of potential gains to come?

This, according to Barron’s:

Major tech companies, including Microsoft, Nvidia, and Alphabet, have invested heavily in AI, driving surges in their stock values
Critics argue that this surge represents a potential bubble, but experts suggest that these tech stocks' valuations remain within “reasonable territory”
Aggregate forward price/earnings multiple on the tech-heavy Nasdaq, home to these AI stocks, remains lower than its pre-pandemic highs
These valuations are fundamentally justified with anticipated annualized earnings-per-share growth of almost 18% over the next three years
Despite the risk of short-term moderation or slight declines, the overall upward trend of AI stocks appears likely to continue

Our Take: Riding the AI stock wave could mean more than just cashing in on the current boom. However, while the trend may seem likely to continue, the future is unknown, and it’s important to always invest carefully.

US Congress Targets AI Transparency & Competition with New Bills

The U.S. Congress is introducing two notable bipartisan bills, targeting transparency and competition in artificial intelligence.

The bills seek to ensure people are informed about any AI interactions and to establish an office dedicated to evaluating America's competitive standing in key technologies like artificial intelligence.

Here’s what we know:

The first bill aims for crystal-clear transparency, mandating government bodies notify citizens when AI gets in on the conversation
This bill also insists on an appeal mechanism for decisions made by AI, ensuring human beings still hold the reins
An Office of Global Competition Analysis is in the making, per the second bill, to evaluate America's tech prowess against global rivals
This proposed office will be an eclectic mix of industry experts, Pentagon staff, and other relevant agencies, forming a dream team of tech analyzers
The ultimate goal? Increased awareness of America's competitiveness, informing policymakers, and fortifying leadership in strategic innovation

Why This Matters: These legislative measures underline the growing relevance of AI in every aspect of business, providing a blueprint for a more transparent, competitive tech future.

🛠 Tools

Numerous.ai: Embed ChatGPT into Your Spreadsheets

Say hello to Numerous.ai, the tool that puts the smarts of ChatGPT into your spreadsheets. Transform your cells into intuitive data wizards, making number crunching feel like a breeze.

So buckle up, as we take data analysis from routine to remarkable!

How Numerous.ai Uses ChatGPT in Your Spreadsheet

Numerous.ai integrates ChatGPT with the cells of your spreadsheet, leading to some mind-bending possibilities:

Use ChatGPT Inside Cells: Summon ChatGPT using the “AI” function. Just think of it as giving your cells a ChatGPT text box 🎤
Generate Formulas With Text: Let Numerous.ai translate your sentences into simple or complex formulas 🗣️
Write Text With ChatGPT: Prompt ChatGPT to write text within your spreadsheet. Never thought you'd see a cell wax poetic, huh? 🖋️
Automate Repetitive Tasks: Make your spreadsheet a personal assistant, capable of executing mundane tasks with relentless efficiency 🤖
Explain Complex Formulas: No more decoding hieroglyphics, as Numerous.ai unravels the secrets of those pesky formulas 👋

Now, it's worth noting that the tool may stumble on ultra-complex requests. It's AI, not magic! But hey, who wouldn't want a spreadsheet with superpowers, even if it can't fly?

Best Ways to Use Numerous.ai for Your Spreadsheets

With Numerous.ai, you're not just crunching numbers—you're wrangling wonders. Here are the top ways this tool can help your spreadsheet leap into action:

Simplify Data Analysis: With ChatGPT at your command, dissecting data becomes a breeze. It's like having a private detective in each cell 🕵️‍♂️
Streamline Business Processes: Automate repetitive tasks and see your efficiency soar sky-high 🚀
Create Reports Like a Pro: Have ChatGPT craft detailed narratives from your data. The next Hemingway could be hiding in your cells 📚
Understand Complex Formulas: Ask Numerous.ai to explain what that complicated formula does like a personal maths tutor 🧮
Translate Business Needs Into Formulas: Just tell Numerous.ai what you want to compute, and voila! 💫

While Numerous.ai excels in many areas, it might struggle with nuanced language. So, remember to keep your requests straightforward and to the point! Visit Numerous.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 software here, which includes rankings by category as well as competitor comparisons.

💡 Tactics

Write an Entire Book in Just Five Hours Using ChatGPT

Yes, you read that right. Craft an entire book in just five hours, with ChatGPT as your trusty sidekick.

Experience a new realm where writer’s block is absent and your writing productivity soars. Through this guide, you'll command ChatGPT to craft a compelling narrative in book format.

Key Takeaways:

Leverage ChatGPT to research and distill key lessons from top books in your chosen field
Have ChatGPT draft an inclusive outline, and later, the first chapter based on that outline
Employ professional editing services for refinement, ensuring your book is polished and ready for readers

Follow These Steps:

1. Conduct Genre Research: Instruct ChatGPT to identify the top 5 books in your field and summarize their key lessons 📚

2. Establish Your Context: Explain to ChatGPT who you are, what you’re trying to write, and who you’re trying to target 🧩

3. Draft an Outline with ChatGPT: Get ChatGPT to draft a book outline that covers the key topics from your topic's top competitors. This will serve as your roadmap 🗺️

4. Think of Ideas Not Covered in Top Books: Ask ChatGPT if there were any relevant topics not covered in the five books. Add those new ideas to your outline 💡

5. Initiate the First Chapter: Command ChatGPT to turn that outline into the first chapter of your book. Then, prompt it to write the subsequent chapters and watch the magic happen! 🎩

6. Polish Your Draft: Review and fine-tune the content yourself or hire a professional editor from platforms like Upwork to give your book the final touch 💎

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

🗞️ Small Snacks

ChatGPT can only tell 25 jokes, and can't come up with new ones, researchers find

AI jobs with mind-blowing paychecks of up to $375K a year

57% of employees are worried about being replaced by artificial intelligence

Artificial intelligence taking a more visible role in the homebuying process

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