Mind Control, AI Drive-Thrus, and a Financial Roller Coaster
Lets check out what happened this week!
Welcome Back!
This week we are covering the latest and most exciting developments in technology, finance, and the ever-evolving AI landscape. In this issue, we'll take a closer look at Brain-Computer Interfaces, how AI is changing the fast-food drive-thru experience, the recent interest rate hike by the Federal Reserve, and the Writers Guild of America's strike against the rise of AI in content creation. Hope you Enjoy!
Brain-Computer Interface: Your Wish is My Command
Gone are the days when controlling things with your mind was the stuff of sci-fi movies. The future is here, and it's called a Brain-Computer Interface (BCI)! A technology that seems straight out of a Star Trek episode, BCI allows the human brain to communicate and control artificial devices—be it your computer or, possibly in the future, your toaster.
The BCI market is on a rapid growth trajectory, with forecasts expecting it to reach a whopping USD 177 million by 2030. So, what's fueling this rise? It's the advancements in Artificial Intelligence and Machine Learning. These technologies are making BCIs more efficient, easier to use, and better at understanding our brain's commands.
As one expert puts it, "AI is now being used to interpret the brain's commands and execute them on a device. This has made the technology more intelligible than it was before." So, next time you're daydreaming about commanding your coffee maker to start brewing with just a thought, remember—it might not be too far-fetched! You can read more about the fascinating world of BCIs here.
AI Taking Your Order at the Drive Thru!
Next time you roll up to a Carl's Jr. in Buckeye, Arizona, don't be surprised if a robot takes your order. The fast food chain has teamed up with Presto Automation to deploy AI in the battle against the drive-thru rush. Not only does this digital helper stay up 24/7 (no coffee breaks!), it can also suggest that side of fries you were definitely going to order anyway.
Despite fears of our robot overlords stealing jobs, the store manager assures us that the AI is just there to lend a hand, freeing up human staff to focus on the real art - slapping together those burgers. Sure, it might be a tad slower than your usual human interaction (we can't all be Usain Bolt), and it might not get your order 100% right every time, but hey, there's always a real-life human with a headset, ready to jump in like a fast-food superhero when needed. Read more about this brave new world of AI drive-thrus.
The Federal Reserve Plays the High Note: Interest Rates Hit 5.25%
Did you hear? The Federal Reserve just amped up the federal funds rate to a range of 5% to 5.25%, marking the 10th hike since March 2022. The last time we saw numbers like this, it was the summer of 2007, right before the Great Recession. But don't hit the panic button just yet—the outlook for a 2023 recession is still pretty foggy.
This recent hike comes on the heels of the collapse of First Republic Bank, a casualty of the rising rates, which was promptly snapped up by JPMorgan Chase & Co.
But there's some light at the end of the tunnel. Fed Chair Jerome Powell has hinted that we may be due for a pause on rate hikes, assuming inflation continues its downward slide. So, fingers crossed that our future holds fewer hikes and more stability. Want to dig into the details of this financial roller coaster? Take a look at the full story Here, Or Here.
Writers on Strike: AI, Stay in Your Lane!
In an unexpected twist of AI advancements, the scribes of the world are throwing down their pens (or should we say keyboards?). The Writers Guild of America has called for a strike, citing the increasing use of AI in content creation as the main issue. It seems the writers have decided to put a full stop to this trend, stating, "Our creativity cannot be replicated, and our livelihoods are at stake"1.
The plot thickens as this strike has led to a slowdown in content production, and industry insiders suggest that the impasse could last for several months. In this unfolding drama, we see the real-world implications of AI encroaching on human-dominated fields, and it raises a crucial question—how do we balance technological advancement with the human touch that is so integral to the creation of their work?
It's a captivating story of humans versus machines, with an ending still to be written. Grab your popcorn, sit back, and follow the unfolding plot here.
AI Image of the Week 🤯🎨
Art and technology are merging in breathtaking ways, and AI-generated art is pushing the boundaries of creativity. This week's AI Image of the Week showcases an awe-inspiring piece crafted by creator Orracle#9687 using the platform Midjourney. Witness the wonder of AI artistry
Tools Of the Week 🚀🛠️
Task aid AI: Unleash Productivity 📝🤖
Task aid AI is here to transform how you collaborate and organize your work. With a seamless interface and powerful features, Task aid makes teamwork a breeze. Plus, check out their affiliate partnership program for opportunities to collaborate and grow.
Otter AI: Transcribe and Capture Brilliance 🎙️📄
Say goodbye to manual transcription with Otter AI. Capture conversations, meetings, and interviews with ease. Otter AI transcribes your audio with accuracy, helping you stay focused on what matters most—your ideas.
Jasper: Content Creation, Simplified ✍️🧠
Looking for a writing assistant that understands you? Meet Jasper—an AI-powered tool that crafts compelling content in no time. Whether it's blog posts, social media, or ad copy, Jasper delivers quality writing that resonates.
Speak Ai: Analyze and Understand Your Voice 🗣️📊
Make sense of your spoken content with Speak Ai. This powerful tool analyzes audio and video recordings, providing insights into sentiment, topics, and more. Unlock the potential of your voice with Speak Ai.
Reel: Video Editing Made Easy 🎥🎞️
Edit videos like a pro with Reel. This intuitive video editing platform helps you craft stunning videos without the hassle. Whether you're a content creator, marketer, or just someone with a story to tell, Reel has you covered.
Explore these tools and take your productivity to new heights!
That’s It for this Week!
We hope you enjoyed our journey through the fascinating developments in the realms of technology, finance, and the ever-evolving relationship between humans and AI. As always, we'll be back Monday with more exciting stories and thought-provoking discussions to keep you in the loop. Until then, stay curious, stay informed, and let's continue to shape the future together. Don't forget to share your thoughts and feedback with us—we'd love to hear from you!