The AI Chronicles

From Personalized Prompts to Compensated Glow-Ups, Economy Turbocharged, DEX Surge, and Billion-Dollar Synthesia!

Sam Wilson
June 14, 2023

ChatGPT is a powerful generative AI application that can perform various tasks such as writing poetry, creating technical documents, generating computer code, and building plans and instructions.
To fully utilize ChatGPT, prompt engineering is crucial. It involves creating instructions tailored to specific needs or problems.
The article offers a list of ready-made prompts that can be personalized by editing in the details. These prompts cover tasks like writing sales emails, creating social media schedules, generating blog post ideas, and more.
ChatGPT has limitations in response length, but users can prompt it to continue longer replies by typing "continue."
The excerpt encourages users to test out the prompts, personalize them, and share any helpful prompts they create.

Adobe's text-to-image model Firefly has been used by users to create approximately 200 million AI-generated images since its launch in March.
The company plans to launch Firefly features for its 12,000 enterprise customers after observing widespread adoption among consumers.
Firefly is trained on a vast dataset of over 100 million images, including Adobe's stock images, licensed images, and public domain images.
Some Adobe Stock contributors have expressed concerns about their work being used to train Firefly without the option to opt out. However, Adobe plans to compensate contributors when Firefly comes out of beta.
Adobe aims to address legal concerns by providing commercial safety and indemnification for enterprises using generative AI tools like Firefly, ensuring they won't face legal repercussions for using the technology.

McKinsey and Company's report suggests that generative AI could contribute an annual economic impact of $2.6 trillion to $4.4 trillion, equivalent to adding a country the size of the United Kingdom to the global economy.
The estimate represents a significant increase over previous projections due to the rapid adoption and potential use cases of generative AI tools by large and small enterprises.
Generative AI and other technologies have the potential to automate 60 to 70% of current work activities, which could lead to an annual productivity growth increase of 0.2 to 3.3 percentage points for the global economy.
The report emphasizes the need for support in learning new skills and managing worker transitions to ensure that generative AI contributes to economic growth and fosters a sustainable and inclusive world.
McKinsey also highlights the role of other AI applications and technologies, such as general AI, robotics, and automation, which will have diverse impacts across different sectors and tasks.

The volume of BNB Chain on decentralized exchanges (DEX) has seen a significant increase in the past two months.
In April, the BNB Chain exchange volume was $11.79 billion, which rose to $19.52 billion in May, indicating a 65.3% increase.
The upgrade of Pancakeswap to V3 in April played a major role in the surge of BNB Chain's DEX market share by providing more flexibility to liquidity providers.
The rise in DEX volumes compared to centralized exchanges in May suggests a potential shift in trading preferences.
Some BNB holders may be selling their tokens following a lawsuit from the Securities and Exchange Commission (SEC) on June 5.

Synthesia, an AI startup, has raised $90 million in a Series C funding round, reaching a valuation of $1 billion.
The London-based company offers a platform for creating instructional videos using AI avatars, eliminating the need for actors or studios.
The funding round was led by Accel, with participation from NVentures (Nvidia's venture capital arm) and existing investors.
Synthesia has generated over 12 million videos on its platform and serves more than 50,000 companies globally.
Nvidia, a leading chip firm, has been actively investing in the AI ecosystem and has made multiple investments in VC-backed startups.

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