🤖 Russia's new ChatGPT rival

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In today's rundown:

• 🎨 Microsoft Designer update: Design got more accessible

• 🇷🇺 Russia’s bank reveals Gigachat: A new ChatGPT rival

• Ⓜ️ Meta reveals AI plans: AI meets the Metaverse

• 🤖 Dropbox Lays off 500: 16% of employees replaced by AI

Read time: 4 minutes

🎨 Microsoft Designer Update

Experience seamless AI-driven design with Microsoft Designer's latest update. Microsoft has eliminated the waitlist and introduced a range of new AI features, making stunning visuals more accessible than ever.

Here’s what you can do:

• Generate unique AI-generated images from a simple description

• Have captions and hashtags that align with your design, written for you

• The app is also fully integrated into Microsoft Edge

Microsoft Designer, Adobe, and Canva's recent AI-powered design features make AI image generation accessible to everyone. Users with little to no design experience can create stunning visuals in seconds.

🇷🇺 Russia’s Largest Bank Reveals GigaChat

Sberbank, Russia's largest bank, just launched GigaChat, an AI chatbot competitor to OpenAI's ChatGPT. No, this is not a joke. They’re literally naming the chatbot GigaChat.

Gigachat will answer questions, hold a conversation, write program code to develop software, and generate images. The tool is trained in Russian and boasts multimodal features, setting it apart from ChatGPT, which solely creates text.

This advancement follows ChatGPT's service ban in Russia, showcasing major global players' recognition of AI's potential. China has also entered the AI frenzy, revealing not one but two ChatGPT competitors.

Ⓜ️ Meta’s AI Plans

In Meta's latest earnings call, CEO Mark Zuckerberg emphasized the company’s focus on incorporating artificial intelligence into the company's products.

Zuck revealed plans for AI-driven agents in business messaging, customer support, and the metaverse. Details were pretty vague, but he mentioned AI chat experiences in WhatsApp and Messenger and visual creation tools for Facebook, Instagram, and ads.

The CEO also said recent AI recommendations led to people spending over 24% more time on Instagram, increasing monetization by 30% on Instagram and 40% on Facebook compared to just a quarter ago. The result- Meta stock soared nearly 14%.

🤖 Dropbox Lays off 500

Dropbox is streamlining its operations, laying off 500 employees, about 16% of its workforce, to focus on AI development.

CEO Drew Houston says the decision, while painful, is necessary for the company's future and to remain at the forefront of the AI era.

While this pivot may be painful for those affected, it could benefit Dropbox's long-term success in an increasingly AI-driven world.

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🐦 Tweet of the day

10 powerful ChatGPT prompts:
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As always, thanks for reading, and see you next time. 🫡