💡Elon starts another new company

Plus: Generate product name ideas

July 13, 2023

Read time: 3 minutes (Click underlined topics or headings for links.)

Hey AI Family, happy Thursday! We like to keep things short and productive at The Edge, so you can get back to your busy life!

Here’s The Breakdown:

💎 𝟛 Tools to Give You The Edge
🚨 𝟚 AI Updates: Musk new xAI & AI in hollywood
💻 𝟙 Practical Use of AI: Generate product name ideas

Let’s jump in!

💎 𝟛 Tools to Give You The Edge

PikaLabs: New video generation AI tool with stunning results

Try it here

Visus: Create your own ChatGPT AI

Try it here

Looka: Design your logo and build your brand with AI

Try it here

🚨 Breaking AI News

🌟 Musk's new AI company "xAI"

Elon Musk wants to “understand the universe,” so he created a new firm to try and do just that.

The company is named “xAI” and it consists of the Avengers of the machine learning and artificial intelligence sectors. The team is made up of 12 renowned researchers from top AI powerhouses, including DeepMind, OpenAI, Google, and Microsoft.

What do you think the most fundamental unanswered questions are? You can join a Twitter Spaces chat with the xAI team this Friday, July 14th.
Follow here for access.

🎥 AI’s impact on Hollywood

For the past three months, Writers Guild of America (WGA) members have been striking outside Hollywood studios. The AI advancements over the course of 2023 have hit their industry hard.

The use of AI in deepfakes and AI generated content has writers worried about their future in the entertainment industry.

Negotiations between the WGA and the producers fell through in May, which led to writers going on strike right outside of the production studios. Writers across the world are feeling the impact of AI generated writing. I’m curious.

Do you think AI will bring more or less jobs to economy?

🔎Extra Insights🔍

💰 Binance Boosts Xterios Web3 Platform with AI

💳 Nvidias $50M AI Boosts Recursion 78%

🕳 AI Impact on Copyright Lawsuits

💻 Real Life Use Cases

Chat GPT Prompt: Generate product name ideas

ChatGPT can be used to generate more detailed and intuitive prompts. Use this format to personalize your product name ideas with ChatGPT generated prompts.

🔏 Copy and paste the prompt below ⏬

As a creative strategist, generate sample prompts to inspire innovative naming ideas for new products, initiatives, and companies. Ensure each prompt encourages creativity while reflecting business strategy, including factors like a product's unique features, an initiative's goals, or a company's mission.

Here’s a link to the results ⬇️

ChatGPT

A conversational AI system that listens, learns, and challenges

chat.openai.com/share/961c8d68-b749-43b7-acbf-53f93f1ccd84

Daily Definition

Epoch

An 'Epoch' in the context of machine learning and AI, refers to one complete pass through the entire training dataset while training a machine learning model. In other words, each epoch is when the entire dataset is processed by the machine learning algorithm once.

Why is this important? When models are trained the data isn’t run through the algorithm once. It’s run multiple times. Each run-through helps the model learn a little bit more about our data, refining its predictions or classifications. Each of these run-throughs is an epoch.

Imagine you're studying for a test. Each time you read the entire set of your notes, you understand the material a little better. Similarly, each epoch helps the model understand the data better. However, more epochs aren't always better! Too many epochs can lead the model to start 'overfitting' - this is when it becomes so familiar with the training data that it performs poorly on unseen, new data.

🔮 AI Inspiration

Poll Time! Midjourney or Real life?

Credit

Find the answer here

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Your feedback is appreciated!

That’s all for today!

If you have something interesting or just want to reach out, don’t hesitate to DM me on Twitter @Brandoncarterss

Thanks for your time today. If it is your first time here, welcome. I hope you found value in today’s Edge edition. If you are returning, thank you. It means the world to me that you spend a few minutes of your day with me. If you have any ideas you’d like me to cover in the future, reply to this email.

Thanks for reading see you tomorrow,

Best,

💡Elon starts another new company

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