💻 Year-long chip shortage is limiting AI innovation

Ruff! Pauly here, easing you back into your workweek with the most important AI business info you missed over the long weekend.

Here is what's on tap for today:

• 🗞️ Nvidia announces new AI innovations for chatbots and advertising

• 🗞️ Current chip shortage may limit AI innovation for a year or more

• 🛠 Use ChatwithData to uncover insights from docs and files (for free)

• 💡 Learn how to reverse engineer a ChatGPT prompt from any text

• 🗞️ Amex is using AI to approve credit cards and lines of credit

🗞️ News

Nvidia Announces New AI Innovations to Redefine Chatbots & Digital Advertising

Nvidia is turbocharging AI innovation (again). Unveiled at the Computex show in Taiwan by CEO Jensen Huang, Nvidia's new AI supercomputer, DGX GH200, is set to reshape the AI landscape by helping tech firms craft successors to ChatGPT.

And if that wasn’t enough, Nvidia is also joining forces with marketing juggernaut WPP to marry AI and metaverse technologies, aiming to revolutionize advertising. Plus, it’s adding AI to the gaming industry.

Here’s what came out of the Computex show:

• Nvidia's AI supercomputer, DGX GH200, is designed to assist tech companies in creating the next generation of AI chatbots like ChatGPT

• Big Tech firms such as Microsoft, Meta, and Google's Alphabet are expected to be early users of the new supercomputer.

• Nvidia's new service, ACE for Games, targets the video game industry, adding more life to background characters using AI

• In partnership with marketing firm WPP, Nvidia is blending AI with metaverse technologies to personalize ads and reduce costs

• Nvidia is also planning a novel networking scheme to boost data center information speed

Why This Matters: This development broadens the scope of potential AI applications from chatbots to video games and beyond. Additionally, the cost-effective advertising scheme co-developed with WPP could provide a marketing edge.

AI's Insatiable Hunger for Chips Causing a Year-Long Shortage (Or More)

The AI revolution is wolfing down chips faster than we can make 'em. We're not talking about Doritos here, folks, but the advanced chips critical to new generative AI systems. Right now, demand is outstripping supply and causing quite a stir in the AI realm.

Despite the chip shortage (almost all made by Nvidia), AI giants like ChatGPT are booming, leading to a scramble for computational firepower. It's like a digital gold rush, but instead of pickaxes, our prospectors are wielding GPUs.

Key Takeaways:

• The insatiable demand for advanced chips is outrunning supply, fueled by the phenomenal success of AI systems like ChatGPT

• The chip shortage is putting a cap on the processing power that providers can offer to AI developers, impacting the development of AI models

• As a workaround, businesses and investors are hunting for spare computing power, with some even purchasing physical servers

• Despite Nvidia ramping up production to meet demand, AI founders predict the shortage will last till at least next year

• The scarcity has also birthed a secondary market for these chips, involving large crypto companies selling off their unused stocks

Our Take: This chip shortage highlights how dependent the burgeoning AI industry is on underlying GPUs. Given that Nvidia provides almost 100% of AI chips, it presents both a bottleneck as well as an opportunity for new companies and investors.

🛠 Tools

ChatwithData: Uncover Data Insights Within Your Files & Documents Effortlessly

Ah, data. It's like a treasure trove just waiting to reveal its secrets. But who's got time to sift through mountains of documents? Enter ChatwithData, the AI tool that turns you into an information whisperer!

With ChatwithData, you can unlock the hidden gems of data within your documents and files. Simply upload a file and start asking questions in a ChatGPT-like interface.

How ChatwithData Uncovers Hidden Data Gold

So, how does ChatwithData perform its magical data-unearthing tricks? This AI marvel sniffs out valuable insights from a variety of file formats:

• PDF Documents: No more tedious PDF scavenger hunts. ChatwithData reads 'em like a pro and finds the nuggets you need 📄💫

• Excel Files: Spreadsheets giving you a headache? Let ChatwithData do the heavy lifting and extract those priceless insights 📊🌟

• Word Documents: Don't sweat over mountains of text. ChatwithData knows just what to fetch from your Word docs 📖✨

• CSV Files: Comma-separated values? More like comma-separated treasures! ChatwithData extracts the goods in no time 📈💰

• SQL Files: Leave the database digging to ChatwithData, and watch it work its magic on your SQL files 🗃️🔮

The only minor hiccup? ChatwithData's abilities are impressive but might lead to overlooking the raw data's nuances. Users should occasionally cross-examine raw data to ensure comprehensive insights.

Best Ways to Use ChatwithData for Your Business

Now that we've covered the features, let's talk about how to put ChatwithData to work for your business:

• Actionable Competitive Analysis: Stay ahead of the pack by analyzing competitor data and sniffing out their strategies 🏁🐕

• Streamline Reporting Efficiency: ChatwithData helps you extract the key info from your files, so you can create reports in record time 📑⚡

• Improve Data-Driven Decisions: Make more informed decisions by harnessing the power of your data with ChatwithData's help 🎯💡

• Understand Customer Feedback: Uncover valuable insights from customer feedback to keep those tails wagging. 😊🐾

• Optimize Sales & Marketing Efforts: Analyze campaign data to refine your sales and marketing approach to boost your ROI 📈💸

The only downside here? ChatwithData is a powerful question-and-answer machine but lacks data visualization. That said, it’s still a useful business intelligence tool. Visit ChatWithData for more or check our complete list of reviews here👇

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

Master Reverse Prompt Engineering with ChatGPT

Maximize the full potential of ChatGPT by mastering reverse prompt engineering! Dive into this step-by-step guide and learn how to take an existing piece of text or code and have ChatGPT re-create a prompt for it.

Follow These Steps:

1. Prime ChatGPT: Introduce the concept of reverse prompt engineering by explaining what it is and asking ChatGPT if it understands 🧠

2. Ask for Examples: To ensure the AI understands, ask for relevant examples of reverse prompt engineering. It should give you a piece of text and the reverse prompt for that text 📚

3. Prime with Real Text: Further prime the model by asking it for a reverse prompt from a simple piece of text you give it. For example, ask to “write a short explanation on how dog training works and reverse prompt engineer the explanation” 🔄

 4. Create a Reverse Prompt Engineering Template: With the model primed, ask ChatGPT to create a technical reverse engineering template that you can use for any piece of text or code 🛠

5. Provide the Text You Want to Reverse Engineer: Now that you have a template, provide the text you want to reverse engineer and ask ChatGPT to include the tone and writing style in the prompt it creates 📝

6. Test Your New Prompt: Enter your new prompt in a separate ChatGPT window to see if it provides accurate and useful results 🧪

7. Try a Variety of Use Cases: Now that you have a working reverse prompt engineering model, try to reverse engineer other things like product descriptions, excel formulas, code, and more! 👥

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

Amex is planning to use AI for ‘approving cards and lines of credit’

A lawyer used ChatGPT to prepare a court filing and it went horribly awry

AI Is changing how Americans find jobs and get promoted

A TikToker showed how ChatGPT can help people prepare for job interviews — and users say it works

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