5 Cool AI Tools & The TLDR in AI This Week

Everything in AI is moving so fast right now. I struggled to just pick three news articles this week because there was SO much news coming out. Facebook is getting in on it, YouTube is getting in on it, OpenAI released new APIs, and there are going to be a ton of new tools flooding onto the market. This is going to be one hell of a month for sure!

…And people like you and me are here for it. Since you’re on a newsletter like this one, you won’t need to stay in the “thick of it!” I’ll keep my eyes peeled for everything that I think you should know and tell you about all of it on my daily YouTube channel and in these emails on Fridays.

Speaking of that, thanks so much for making this one of the fastest growing AI newsletters at 29,000 subscribers! And the YouTube channel is growing by 2,000 subscribers per DAY! That’s insane. I’m just so happy and grateful that there’s other tech nerds like you and me out there that absolutely can’t get enough of this stuff.

Alright… Let’s get into what I got for ya this week.

Special Live Stream on Sunday

This Sunday, I’m going live over on the YouTube channel with the team at RunDiffusion to talk about Deforum. They have an absolute expert on their team who knows all the ins and outs of how to make amazing AI videos using Deforum. He’s going to be sharing it all live on stream and answering questions. I’ve personally been wanting to dive deeper into Deforum to learn how to create amazing videos… so I asked him to jump on a call with me to show me all the tricks. I figured I’d might as well do it live so that you can join me and ask your questions as well. We’ll be going live at 9am Pacific on Sunday. Click here to set yourself a reminder to join us. Can’t wait!

🛠️ 5 Amazing Future Tools

1. MyMind: This tool is really simple but has been really helpful to me. It has a Chrome extension and a smartphone app. Basically, anything that you come across that you want to remember or review later, you send it to “MyMind.” The app then automatically tags what you send and creates filters so that you can easily resurface it all later. I use it a lot when I’m on my phone scrolling Twitter and I see a tweet I want to come back to later. I click the button to send to MyMind and the tweet is waiting there for me later on my desktop. It’s great for articles, videos, and everything else. It’s basically an AI-powered second-brain!

2. Get Chunky: Imagine creating a customized chatbot using nothing but Google Sheets. That’s what Get Chunky does. You essentially populate a Google Sheet with your knowledgebase of questions and answers, connect it to Get Chunky, and it will create a chatbot for you based on the data in the spreadsheet. You can embed the chatbot on your site or even have it inside of a community Discord. Pretty cool stuff!

3. Lemonaid Music: This is a really cool AI beatmaker tool. You choose the vibe you want for the music and it creates unique procedurally generated AI beats. You can pick from different styles and flavors of music, change the key, and tweak the music however you like. It’s also a really awesome tool created by a cool solo-founder who appears to be bootstrapping this thing. I always love to see and support that kind of project. :)

4. ChatPDF: This is exactly what it sounds like. It’s a free tool where you upload a PDF document or ebook and then you can have a conversation with it. You can upload complex research papers and chat with them to dumb it down for you (like what I do) or you can upload entire ebooks and ask for summaries or specific details from the book.

5. WOXO: This is an all-in-one short video generator. You give it an idea for a topic that you want to create a short video about and WOXO will create the text, turn the text into audio with text-to-speech, add background music, and add stock images. You start with an idea and it makes an entire short video for you. It’s not my favorite user interface in the world (and what’s up with the name?) but it does exactly what it says on the tin.

🗞️ 3 Fascinating News Articles

1. Introducing ChatGPT and Whisper APIs - The biggest news of the week is that OpenAI released the API for ChatGPT and Whisper. In the past, developers has to use the GPT-3 API, which was slightly different than ChatGPT. However, the new ChatGPT API is 10x cheaper and much faster. This means we’re going to see a flood of new tools built on top of ChatGPT. It also means that we should see a lot of the tools that have generative text built-in actually come down in price, as their costs just got much lower. It will be interesting to see if the bigger companies like Jasper pass those savings on to consumers or not.

2. Introducing LLaMA: A foundational, 65-billion-parameter large language model - Meta (Facebook) is entering the picture with their large language model similar to ChatGPT and Google’s Bard. The big differentiator is that Meta’s is trained on 65-billion parameters and supposedly outperforms ChatGPT’s, which is trained on 175-billion parameters. Smaller models means less processing. Less processing means we’re getting closer and closer to being able to run large language models like ChatGPT locally, without even needing to be connected to the internet. This is a huge step in the right direction.

3. YouTube’s new leader teases AI tools that can virtually swap creators’ outfits and locations - If you haven’t followed recent YouTube news, the CEO that’s been in place for the past 9-years recently stepped down and a new CEO stepped in. This new CEO has received mixed emotions from YouTubers as he’s one of the guys who really pushed for NFTs on the platform, an unpopular idea among many YouTubers. Now, he wants to push generative AI into the platform, allowing creators to digitally change their clothes, their makeup, and their surroundings. Sounds like an interesting idea but it also feels a little bit like YouTube trying to jump on the bandwagon with a half-baked idea. We’ll see how it plays out. :)

📺️ Must-Watch Videos

💰️ A Money Idea To Try

Create AI Chatbots For Companies:

Every company wants to improve the speed and quality of their customer service. They also want to decrease the amount of people it takes to fulfill on that customer service.

With tools like Get Chunky (mentioned above), you can provide a valuable service to companies. Take their existing knowledgebase and help documents, pull the questions and answers into a spreadsheet, and sync it up to a tool like Get Chunky to design an automated chatbot for their business.

Companies will pay big bucks in order to have their customer service time cut way down, and the effort on your part to do this is minimal, assuming they already have some existing help docs that most customers are too lazy to read. :)

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

Announcements:

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• I’m doing my first AI livestream on Sunday, talking about Deforum with the team at RunDiffusion. Set a reminder here.

Thanks for checking out this week's FutureTools newsletter!

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You rock! See ya next week. :)

Matt Wolfe (FutureTools.io)

P.S. This email was 100% written by a human. I promise!