šŸ˜ŗ AI dubbing by ElevenLabs

PLUS: Adobe's new AI upgrades.

Welcome, humans.

The odds of you scoring the $1.73 billion Powerball jackpot tonight are 1 in 292.2 million.

We donā€™t need to tell you the odds of you learning something about AI, now that youā€™ve opened this email. (psst - itā€™s 1 in 1)

Hereā€™s what you need to know about AI today:

  • ElevenLabs launched an AI dubbing tool.

  • Goldman Sachs is slowly but thoughtfully deploying AI.

  • Adobeā€™s image model got an upgrade.

  • AMD acquired an AI software startup to challenge Nvidia.

You Will Soon Be Able To Listen To Any Video In Any Language.

See this TikTok of Pete?

Our faves at ElevenLabs just dropped a new dubbing tool that can translate it into 20+ languages, while keeping the original voice and trying to make it sound native.

Early reports say the tool is a bit spotty: obviously bad when it misses but definitely amazing when it doesnā€™t. But hey - itā€™s the worst itā€™ll ever be.

Plus, YouTube and Spotify are testing similar dubbing tools with creators.

Winner: marketers, content creators and media brands

  • With <20% of Earth speaking English as a first language, AI will let you reach billions of people at a time in their native tongue.

Also winner: you on your next vacation to Paris

  • Live AI dubbing is probably coming soon to our phones. Spending 10 hours on Duolingo just to get scoffed at by snobby locals might be a thing of the past.

Unclear: language learning as a hobby

  • Duolingo, meet chess: it better be about the journey, because a computer will destroy you at it.

  • Whether we see more people learning languages or fewer depends on if the world shuts down again and people randomly decide itā€™s the thing to do.

FROM OUR PARTNERS

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All thanks to Masterworks, the award-winning platform for investing in blue-chip art. Masterworks does all of the heavy lifting like finding the painting, buying it, storing it, and eventually selling it. To date, every one of its 16 sales out of its portfolio has returned a profit to investors.

With over 840,000 users, shares of offerings can sell out in just minutes. But The Neuron readers can skip the waitlist to join with this exclusive link.

Companies Should Invest In AI But Set Clear Expectations.

FT

Whatā€™s the one thing Goldman Sachs is world-class at?

Nope, itā€™s not workplace culture. Nor is it being humble. Itā€™s smart investing.

And yes ā€” Goldman is a great blueprint for how to smartly invest in AI to be more productive as a company.

Here are Goldmanā€™s CIOā€™s Do / Do-Nots for the 80% of key decision-makers that havenā€™t gotten AI projects to enterprise scale yet:

DO: Experiment with AI and set a clear bar for what ā€œsuccessā€ looks like.

For instance, Goldman let some software developers experiment with using AI ā€¦ from which they saw 20-40% productivity gains ā€¦ so Goldman is letting 1,000 developers use AI by EOY.

DO NOT: Give into hype, aka spray millions of dollars at unproven AI solutions.

This is probably why Goldman isnā€™t building its own AI models from scratch like other companies. Instead, itā€™s fine-tuning existing models.

BTW: this advice goes for employees as well: experiment with AI ā†’ see what works ā†’ invest accordingly. Itā€™s kinda like datingā€¦

Around the Horn.

  • Adobe Firefly is upgrading its image generator and getting better editing capabilities.

  • Dozens of use cases from ChatGPT-4V (new version that can ā€œseeā€).

  • AMD acquired AI software startup ā€œNodā€ to help compete with Nvidia.

  • Takeaways from an SF event on the challenges/future of AI agents.

Wednesday Wirings.

  1. rabbit raised $20M to build an AI-first operating system.

  2. Lemurian Labs, a computing platform for AI applications, raised $9M.

  3. Gradient, a platform to build/customize/deploy AI models, raised $10M.

  4. Class Companion, an AI that gives feedback to students, raised $4M.

  5. TabbyML, an open-source GitHub Copilot, raised $3.2M.

We curated the top 27 tools you need for work in our ā€œTop Tools For Businessā€!

A Cat's Commentary.

Thatā€™s all for today, for more AI treats, check out our website.

Get your brand in front of 150,000+ professionals here.

See you cool cats on Twitter: @nonmayorpete & @noahedelman02

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*Past performance is not indicative of future returns, Investing involves risk. See disclosures masterworks.com/cd