🤖 Study says AI can add $4.4 trillion to economy
PLUS: AI avatar generator receives $90 million in funding
Happy Thursday!
What do you get when you combine hungry tech enthusiasts and a new wave of generative AI tools?
Over $4 trillion, apparently…
In today's rundown:
📝 Study Shows AI Could Add $4.4 Trillion of Value Annually
🤖 Synthesia Raises $90 Million In Series C
🚨 EU Passes AI Regulation Draft Law
🛠️ 10 New AI Tools, 6 Jobs, 5 Resources, and 4 Free Gifts
Read time: 3 minutes
Breaking News 📰
According to a report from McKinsey Global Institute, generative AI has the potential to add up to $4.4 trillion of value to the global economy annually.
The report suggests that by 2030 to 2060, half of all work could be automated — the power of generative AI tools has accelerated this forecast compared to previous predictions.
McKinsey also claimed that these changes “will challenge the attainment of multiyear degree credentials,” meaning that knowledge workers may be the most likely to take a career hit…
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Synthesia just announced a $90 million Series C funding round led by Accel, with participation from Nvidia and other investors.
The company specializes in AI-generated videos using synthetic avatars and AI-generated voices and has over 50,000 customers and a year-over-year user growth rate of 456%.
This round brings Synthesia’s valuation up to a whopping $1 billion, a $300 million increase from the end of 2021.
The EU is making huge strides in regulating AI with the passage of the AI Act by the European Parliament.
After the recent vote, the law's final version will be negotiated among the branches of the EU, with hopes of reaching an agreement by the end of the year.
Key takeaways: The proposed legislation mandates pre-market assessments for generative AI systems like ChatGPT. It also advocates for prohibiting real-time facial recognition.
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