💸 Apple spends billions on AI research

Plus, create multiple social posts with Canva and AI

Evan Tarver
August 07, 2023

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Here’s where we’re traveling today:

🗞️ Apple spends billions on AI research
🗞️ AI growth halted by shortage of key chips
🛠 Podcastle: Improve your audio and video with AI
💡 How to create multiple social posts with Canva and AI
🗞️ Sam Altman nervous about AI’s impact on upcoming elections

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🗞️ News

Tim Cook Breaks Silence on Apple's $22.6B R&D Spend

Apple has revealed its staggering $22.61 billion R&D expenditure, with a significant proportion allocated towards generative AI research, signifying a substantial commitment to the future of AI technology.

Apple, despite its traditional silence on AI, is deeply invested in generative AI among other technologies. This recent budget reveal underscores its steady advancement in AI, hinting at interesting prospects in the AI industry.

Key takeaways:

Apple's R&D expenditure has hit $22.61 billion this year, with a significant chunk directed toward generative AI
CEO Tim Cook affirmed the importance of AI, terming it "absolutely critical" to Apple's products
Despite subdued public discourse, Apple has been quietly toiling away on AI research for years
Amid an 'AI arms race', Apple has been unassumingly making headway in the AI sphere
Apple is reportedly working on new AI tools, including a large language model, aptly dubbed "Apple GPT"

Why This Matters: Apple's hefty investment in AI indicates a looming technological transformation that could redefine business integrations with next-gen technology.

AI Growth Hindered by Intense Shortage of Key Chips

The exponential growth of artificial intelligence is being challenged by a pronounced chip shortage, caused by soaring AI demand, impacting businesses across the spectrum.

Microsoft's latest annual report pinpoints the GPU shortage, a key AI computation component, as a potential investment risk. The ongoing chip crunch poses difficulties for both AI-driven companies and others looking to leverage AI technology.

Key takeaways:

The booming demand for AI services has revealed a severe chip shortage, impacting both titans and minnows in the AI industry
Microsoft's annual report highlights the scarcity of GPUs as a possible risk for investors, a first in its history
The chip shortage isn't just a bummer for companies developing AI tools but also for businesses hoping to leverage AI tech
OpenAI has voiced its struggle to meet user requests due to the GPU crunch, indicative of industry-wide issues
Unlike previous shortages linked to consumer goods, this GPU scarcity is tied to surging demand for high-end GPUs used for AI model training

Our Takes: The chip shortage is a clarion call for companies to innovate, extracting maximum value from scarce resources by using smaller AI models or unconventional computational methods that aren't CPU or GPU-reliant.

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- Evan Tarver, Great Robot founder

🛠 Tools

Podcastle: Achieve Audio Wizardry with AI

Swing open the gates of Podcastle, where every John, Jane, and bot is magically transformed into a captivating storyteller. The royal mandate? Empower the world with broadcast storytelling.

With a sprinkle of AI and a dash of audio-video wizardry, it's set to ignite your narrative prowess.

How Podcastle Orchestrates Broadcast Storytelling

If Podcastle were a superhero, it would be The Shapeshifter, mastering the art of turning the mundane into riveting tales. Let's unmask our audio vigilante:

Audio & Video Recording: Podcastle lets you capture high-quality audio and video like a seasoned Spielberg, right from your browser. 🎥
AI-Powered Voices: Podcastle’s got a choir of AI voices ready to narrate your scripts. From sultry siren to stern sergeant, the choice is yours. 🤖
Text-to-Speech: Transform any wall of text into an engaging podcast in seconds. It’s like having Morgan Freeman on speed dial. 🎙️
Hosting Hub: Consider the Hosting Hub a vault for all your creations, ready to be broadcast to the world. 🌐

However, Podcastle's enchanting charm may wane a tad when dealing with specialized terminology or slang – these can sometimes trip up the AI voices.

Bottom Line: Want to transform the way you tell your stories with AI? Visit Podcastle for more!

💡 Tactics

How to Whip Up Multiple Social Posts with Canva's AI

Busy schedule? Overwhelmed by content creation? Canva AI is here to lighten the load. With this savvy hack, you can generate 22 distinct social media posts in under two minutes. Talk about efficiency!

No more late-night content creation sessions - Canva AI's got your back. So, are you ready to reclaim your time? Let's dive in.

Key Takeaways:

Get your content ideas flowing using Canva's MagicWrite, your very own AI-powered brainstorm buddy
Convert your MagicWrite tips into an easy-to-handle CSV file - think of it as a delicious data treat for Canva
Customize your design with the perfect Instagram template, and jazz it up with your brand's unique flair
Connect your data using the Bulk Create app in Canva, and let it conjure up your posts, quicker than a rabbit in a greyhound race

Follow These Steps:

1. Start Canva's MagicWrite: Head over to Canva, start a new doc, click the plus sign, and find MagicWrite. Ask it to generate 22 tips for your niche, and watch as the ideas start pouring in. 🧙‍♂️💫

2. Harness Your Ideas: Copy your MagicWrite results and paste them into a blank Excel doc or Google Sheet. Save this as a .csv file for later. It's like packing a bag of treats for a long hike. 🎒🍬

3. Design Time: Back to Canva! Start a new square Instagram post design. Search for the word 'Reminder' in templates, and choose one that tickles your fancy. Apply your branding with the styles toggle 📐🖍

4. Upload CSV: In the sidebar, scroll to Apps and search for 'Bulk Create'. Click 'Upload CSV' and give it the file you saved earlier. It's like feeding Canva a data treat. 🐕‍🦺🍖

5. Connect & Generate: Select the text box in your design to be replaced by the data in your file. Right-click, hit 'Connect Data', and select the first line. Press the purple 'Continue' button, then 'Generate 21 Posts'. Sit back and watch as Canva magically conjures up your posts. 🎩🐇

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

🗞️ Small Snacks

Sam Altman is already nervous about what AI might do in elections

Instagram is working on labels for AI-generated content

AI.com flips from ChatGPT to Elon Musk’s X.ai

Lupe Fiasco teams up with Google to create AI rhyming tools for rappers

🎁 Free Gifts

Craft the Perfect ChatGPT Prompts with our free prompt engineering cheat sheet and training video to create the perfect sequence prompts that work every time.

Build a custom nocode AI chatbot for your website with our free 9-step AI chatbot training video series to increase both sales and customer service.

Choose the best AI tools for your business with our full list of top-rated AI software, which includes rankings by category as well as competitor comparisons.

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Midjourney Pic of the Day

A captivating AI skyline at dawn symbolizing the rise of a new day in business, Luminism style: