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Good morning! We hope you're ready for another round of AI news. We've got some interesting developments to share with you today. So, grab your coffee and let's get started.

—Alex Soltan, AI Wrap Up

AI WRAP UP

Here's what's brewing today:

• 📉 OpenAI's ChatGPT Sees First-Ever Monthly Dip in Traffic

• 🚫 Adobe Implements New Rules for Using ChatGPT and Generative AI Apps at Work

• 🐦 Meta Launches Threads, a Potential Twitter Rival

• 🔧 AI Insight Tutorial

• 🛠️ Tools & Resources

• 🎨 Artwork Spotlight
  

Let's dig in!

AI NEWS FLASH

📉 OpenAI's ChatGPT Sees First-Ever Monthly Dip in Traffic

The Wrap up: OpenAI's ChatGPT, a popular AI tool, has experienced its first-ever monthly dip in traffic in June, according to web analytics firm SimilarWeb. The decline comes amid a broader slowdown in the AI industry, with several other AI platforms also seeing a drop in user engagement.

Key points:

• The decline in traffic is seen as a sign of market saturation and increasing competition in the AI industry.

• Despite the dip, ChatGPT remains one of the most popular AI tools, with millions of users worldwide.

Why it matters: The dip in traffic could signal a shift in the AI market, with users potentially seeking out new and innovative AI tools. It also highlights the importance of continuous innovation and user engagement in maintaining a competitive edge in the AI industry.

Source: Reuters

AI NEWS FLASH

🚫 Adobe Implements New Rules for Using ChatGPT and Generative AI Apps at Work

The Wrap Up: Adobe, the creator of Firefly, is implementing additional security measures for the internal use of ChatGPT and other generative AI programs. The company is banning the use of personal email accounts and corporate credit cards for these apps.

The Bottom Line: Adobe's new rules highlight the growing concerns around data privacy and security in the use of AI applications. This move could set a precedent for other companies to follow, leading to more secure and responsible use of AI tools in the workplace.

Source: Business Insider

AI NEWS FLASH

🐦 Meta Launches Threads, a Potential Twitter Rival

The Wrap Up: Meta's Threads app has debuted a day earlier than expected, offering billions of users an alternativeto Twitter. Threads, which bears a striking resemblance to Twitter, allows users to post messages, reply to other users, and like or repost messages. The service also lets users of Meta-owned Instagram follow the same accounts on Threads, which could help people add followers.

Key Points:

• Threads was released ahead of schedule, possibly to capitalize on growing frustrations with Twitter under Elon Musk's leadership.

• Threads is being referred to as a "Twitter killer" due to the expectation that some Twitter users will migrate to the new platform.

• The app is available in Apple's App Store and the Google Play store.

Why It Matters: The launch of Threads could potentially disrupt the social media landscape and presents a new challenge for Twitter. The success of Threads could also have implications for the future of social media and the role of AI in these platforms.

Source: CBS News

That's all for today's AI Wrap Up! Remember to share this newsletter with your friends and colleagues. If you're not already subscribed, click here to get the AI Newsletter delivered directly to your inbox.

Also, let's connect on Threads, my handle is @thealexsoltan.

—Alex Soltan, AI Wrap Up

AI Prompt Tutorial

🤖 AI Prompt Tutorial:

Leverage ChatGPT as Your Personal Finance Advisor

Are you an online business owner juggling numbers and financial decisions? With ChatGPT, you can gain insights and advice on managing your business's finances more effectively.

Try the prompt below:

Act as a certified financial advisor. I'm the owner of an online business that's been operational for two years. Here's a simplified snapshot of my current financial situation:

Monthly revenue: $10,000
Monthly operating expenses (inventory, software, marketing, etc.): $6,000
Monthly net income: $4,000
Business savings: $20,000
Personal savings: $10,000

I'm looking to increase my savings, reduce expenses, and grow my business. Please provide a comprehensive financial plan which should include budgeting tips, investment advice, and strategies for improving my overall financial health. Remember to make your suggestions based on the best practices in personal finance and business finance management.

This prompt can be adjusted according to your unique financial circumstances. For example, if you're more concerned about debt management, retirement planning, or making significant business investments, modify your request accordingly.

Using ChatGPT as a personal finance advisor can provide a helpful start in sorting through your financial queries. While AI can provide a valuable perspective based on the vast amount of knowledge it has been trained on, it's crucial to remember that it can't replace professional financial advisors, especially for complicated financial scenarios.

In addition, please be aware that sharing sensitive financial information online carries its own risks, even in a simulated conversation with AI. Always ensure you're working within a secure, private environment when discussing sensitive topics.

AI TOOLS & RESOURCES

⚡ 5 AI tools to supercharge your productivity

AI ARTWORK SPOTLIGHT

📸 Image of the day: "ChatGPT, describe a look of the new national superhero. Midjourney, visualize it.” (source)