Despite S&P's 20% Rise, JP Morgan Predicts an AI Bubble Crash: Is Your Portfolio Safe?

PLUS: AI's Next Target: The $200 Billion Industry!

Author

Rishit Patel
July 26, 2023

Hey fellow humans! šŸ‘‹

What a week it's been in the AI world! We've got a mixed bag of goodies for you today. From JP Morgan playing fortune teller with a chilling prediction about an AI bubble burst causing a stock market crash (yikes!), to OpenAI secretly pulling the plug on its AI detector (what's up with that?), there's never a dull moment.

But don't worry, it's not all doom and gloom. We've also got a roundup of some super cool AI tools that are sure to blow your mind, and the latest trending AI posts from social media that are causing quite a stir.

So, grab your favorite beverage, sit back, and let's dive into the wild world of AI. Enjoy!šŸ˜Š

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šŸ›  AI tools to checkout

Homeworkify: Stuck with your homework? Homeworkify is your new best friend! It's an AI tool that helps you find answers to academic questions. It's like having a personal tutor in your pocket!

iMyFone VoxBox: Tired of sounding like a robot in your videos? iMyFone VoxBox is here to save the day! It's an AI tool that helps you modify and enhance your voice in videos. Now, you can sound like a Hollywood star in your next Zoom meeting!

Finito: Say goodbye to writer's block! Finito is an AI tool that helps you write better and faster. It's like having a professional writer sitting next to you, whispering the perfect words in your ear.

AI Photo Editor: Want to remove that photobomber from your perfect shot? AI Photo Editor is your magic wand! It's an AI tool that helps you remove unwanted objects, people, or text from images. It's like having a personal Photoshop expert on your phone!

Yaara: Need help with your writing? Yaara is an AI tool that generates creative content for your writing needs. It's like having a personal copywriter who's always ready to help!

šŸ“° Top AI News

JPMorgan Predicts AI-Driven Bubble Burst Could Crash Stock Market!: JPMorgan strategists have issued a chilling warning: the AI-driven stock market bubble could be on the brink of bursting! The bank's experts argue that the current rally, fueled by AI hype and led by tech giants, is more about the "popularization of chatbots that often fail in basic questions" than concrete evidence of AI-powered earnings growth. With the looming impact of higher interest rates, an "erosion" of personal savings, and a "deeply troubling" geopolitical backdrop, they predict broad market declines. So, is the AI party over? Or is this just a hiccup on the road to AI domination? Only time will tell!

OpenAI's Secret Shutdown: AI Detection Tool Bites the Dust!: OpenAI has quietly pulled the plug on its AI detection tool, AI Classifier, due to its low accuracy rate. The tool, which was designed to detect whether a piece of content was generated by AI, was announced with much fanfare but has now been decommissioned. The company is now researching more effective techniques for identifying AI-generated content. So, it seems even AI can't always spot its own kind!

Microsoft's AI Magic: Smashing Revenue Estimates!: Microsoft has outdone Wall Street's revenue and profit estimates for the fourth quarter, thanks to its cloud business and new AI technology. However, the company's shares dipped slightly due to rising costs associated with building new data centers to support AI. Microsoft's heavy spending on AI services ahead of revenue growth has raised eyebrows, but the company remains optimistic about the demand for AI services. So, it seems the AI investment race is heating up!

AI Shakes Up $200 Billion Gaming Industry: Game Over for Traditional Rules?: AI is causing a seismic shift in the $200 billion gaming industry. With escalating costs and stagnant prices, AI could render half of a major Japanese studio's staff unnecessary within five years. But it's not all doom and gloom - this revolution could empower smaller studios and boost creativity. Stay tuned!

šŸ’° AI Funding Rounds

BioSig AI Sciences Bags $2.2M Seed Funding to Boost AI Development: The company is set to revolutionize the AI scene with their fresh cash injection.

AI Startup ZYBER 365 Hits Unicorn Status with $100M Funding: The startup's valuation skyrockets to $1.2B, thanks to a hefty investment led by SRAM & MRAM Group.

Canada's AI Scene Gets a Boost with Government Funding: The DIGITAL Horizon AIā€™s Technology Commercialization Program is set to fund AI solutions for intellectual property and data management in key Canadian sectors.

āš” AI Tools Comparisons

SumlyAI vs Eightify: In the battle of AI summarizers, it's a close call. SumlyAI delivers podcast summaries straight to your inbox, while Eightify turns lengthy YouTube videos into digestible summaries. The community seems to lean slightly towards Eightify, but both tools have their unique strengths.

KNIME vs RapidMiner: When it comes to data science tools, both KNIME and RapidMiner shine in their own ways. KNIME offers a complete platform for end-to-end data science, while RapidMiner provides an integrated environment for data preparation, machine learning, deep learning, text mining, and predictive analytics. The community has a slight preference for KNIME, but both tools are worth checking out!

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šŸ”„ Trending on AI Socials

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