Your TLDR of the AI World For The Week

It’s been another slower news week in the world of AI. There’s been a handful of announcements from OpenAI about new features being added to ChatGPT, a more widely available Android App, and a new Trademark filed for GPT-5. Meta also released a new audio model, and YouTube is experimenting with some new AI features. A year ago, any of these would have been pretty big news but I’m becoming a little desensitized to this stuff now. Improvements are starting to feel a bit more marginal at the moment.

However, next week is the annual SIGGRAPH event in Los Angeles, which is known for how many tech companies make big announcements and reveal new research. I imagine next week is going to see some cool new announcements that come out of the event alone.

What I’m REALLY excited about right now is the news of the LK-99 room temperature superconductor research. We’re still waiting on some verification that it actually can be reliably recreated but, if other labs are able to reproduce this LK-99, the world of technology will change as we know it. There will be an explosion of new technology and I really want to see this happen. I’m taking everything with a grain of salt right now but, if we get superconductivity at room temperature at the same time that AI is advancing at its current pace, hold on, because we’re in for some exciting times!

Alright, enough nerding out from me… Here’s what I got for you this week:

Thank You To This Week’s Sponsor!

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🛠️ 5 Amazing Future Tools

1. Chirp: Chirp is one of the most fun new AI tools that I’ve played with in quite a while. You can either enter lyrics for a song or let ChatGPT generate song lyrics for you. It will then convert those lyrics into a song, complete with melody and backing music.
(Free)

2. Common Sense Machines: This new AI system can turn any 2D image into a detailed 3D model, making it easy for anyone to create high-quality 3D assets without needing advanced technical skills. This has huge implications for gaming, VR, robotics, and more by democratizing 3D content creation.
(Free)

3. Relay: Relay makes it super easy to stay on top of your startup investments. Just forward any emails or documents from your portfolio companies to your Relay email, and Relay will automatically scan them and pull out the most important details like revenue, burn rate, valuation, etc. It'll send you a simple summary so you don't have to read everything yourself. All the key info gets organized into a dashboard that tracks how your investments are doing over time.
(Free & Paid Plans)

4. Quivr: Quivr is an open-source second brain tool that allows you to quickly store unstructured data like text, images, and code in the cloud and efficiently search through it later. It aims to act as an external brain where you can offload information without meticulous organization, making it easy to capture things like research notes, project ideas, and inspiration on the fly.
(Open Source)

5. Clockk: Clockk is a time tracking and project management tool that automatically tracks your work across apps, websites, calendar, and emails, organizes it into projects for you, and generates insightful reports so you don't miss any billable hours. It makes time tracking easy and eliminates the need for manual timers so you can focus on your work.
(Paid / Has Free Trial)

🗞️ AI News & Articles

1. ChatGPT is Rolling Out a Bunch of Small Updates to Improve the Experience - OpenAI is rolling out several improvements to the ChatGPT experience over the next week, including prompt examples to help users get started, suggested replies to continue conversations, defaulting to GPT-4 for Plus users, allowing upload of multiple files for analysis, removing auto-logouts every 2 weeks, adding a better login page, and new keyboard shortcuts to work faster. I’m especially excited about the ability to up multiple files. This will allow us to compare documents, find correlations, and possibly even blend images with tools like Code Interpreter.

2. AudioCraft: A simple one-stop shop for audio modeling - Meta has open sourced AudioCraft, a new AI framework for generating high-quality music and audio from text prompts. AudioCraft consists of generative models MusicGen and AudioGen, as well as the audio codec EnCodec, which were all trained on large datasets of music and sound effects. By open sourcing AudioCraft and providing pre-trained models, Meta aims to advance research into controllable audio generation and make these capabilities accessible to professionals and amateurs alike. This represents an important milestone in AI's ability to synthesize realistic and creative audio content from text descriptions.

3. Nvidia AI Image Personalization Method Fits on a Floppy Disk and Takes 4 Minutes to Train - Nvidia has developed a new AI image personalization method called Perfusion that allows users to easily customize and combine concepts in generated images while only requiring a tiny 100KB model size and 4 minutes of training. This is a breakthrough compared to other heavyweight AI art tools, as Perfusion's efficient size enables greater creative flexibility and customization without sacrificing quality. The ultra-compact Perfusion could give Nvidia an edge over competitors in enabling personalized AI image generation on consumer devices.

Other News:

• OpenAI Reportedly Filed A Trademark for GPT-5

• ChatGPT for Android Now Supported in All Countries ChatGPT is Supported

• YouTube tests AI-generated video summaries

📺️ Must-Watch Videos

📢 Announcements

• I’m going to be at SIGGRAPH in Los Angeles next week.

• I’m going to be co-hosting a panel and participating in other panels at the Artificial Conference (also in LA) on August 16th and 17th.

• I’m looking for an additional editor / team member. If you think you might be interested you can find details here.

💰️ A Money Idea To Try

Sell Image-Editing as a Service:

There are so many AI editing tools coming out these days. There are tools that can add color to black and white photos. Tools that can remove backgrounds. Tools that can take small, pixelated images and upscale them into higher quality images. Tools that can remove unwanted objects from images. There are even ethically-debated watermark remover tools available.

I recently even demoed a tool on my YouTube channel where I showed how to use text prompts to add or remove items from photographs. You don’t even need tools like Photoshop anymore to manipulate images.

Create a website, fix up a bunch of images with these various tools and add them to your website as portfolio images. Then start offering your services, linking out to your website, on various social media platforms. Boom, you’ve got a quick and minimal-effort little service business. As you scale, bring in VAs to do the editing for you.

Find more AI income ideas at the AI-Income Database here.

Thanks for checking out this week's Future Tools newsletter!

If you haven’t already, be sure to follow me over on Twitter and/or Threads as well, I like to share news and AI updates as they happen. :)

And don't forget to check out all of the newest tools we've just added on Future Tools!

Finally, if you have any feedback for me or ideas for this newsletter, get in touch! Replying to these emails will get to me and I will read all replies (but may not be able to reply to all). I want to improve this and continue to make it something that you're super excited about each week. So all ideas are welcome!

You rock! See ya next week. :)

Matt Wolfe (FutureTools.io)

P.S. This email was 95% written by a human. Claude checked my grammar for me.