AI Costs More Than Human Labor

Today’s Menu 🥠

• MIT Study Says Human Labor Is Cheaper

• This Startup Went From Nothing To $1B 

• 5 Trending AI-Powered Tools

• People Using AI For Weird Images

Read Time: 2.5 minutes

Fast Snacks 🥡

What A Texan Looks Like According To AI
If you thought of a rugged white guy in a cowboy hat, artificial intelligence agrees with you—almost…

ChatGPT Hasn’t Helped Bing Compete With Google
According to a recent report, Bing ended 2023 with just 3.4% of the worldwide search market, compared to Google’s 91.6% share…

How Is AI Impacting Software Development? (partner)
Explore the metrics showing AI’s impact and unpack the best practices for leveraging AI…

Unemployment Unlikely
MIT Says AI Won’t Take Your Job

Finally a bit of good news for a rainy day: Researchers at MIT found that despite its advancements, AI is still far too expensive for most companies to justify automating most tasks, especially in the realm of computer vision.

In other words, breathe easy – the future is going to be ok.

Researchers at MIT FutureTech, along with The Productivity Institute and IBM, conducted a detailed analysis of tasks viable for automation, focusing on computer vision tasks like inspecting ingredients in a bakery or checking packages in a warehouse.

Their model took into account the actual costs of developing and deploying AI systems, finding that only 23% of wages currently paid for these tasks could be realistically saved through automation. 

This contrasts sharply with other reports predicting AI-driven job displacement of up to 60%.

Which, of course, is good news.

Many people are worried about the disruption of AI. However, we at Snack Prompt believe that AI is the greatest assistant money can buy.

But is in fact that – an assistant - nothing more, nothing less.. It still requires human input to get the most out of the tool. 

Together With Rabbit:
How Is AI Impacting Software Development?

Explore the metrics showing AI’s impact, unpack best practices for leveraging AI in software development, and measure the ROI of your own GenAI initiative in this workshop with ThoughtWorks' Global Lead for AI Software Delivery and LinearB.

This workshop includes:

• 📊 Data insights from LinearB’s new GenAI Impact Report

• 🗣️ Case studies into how others are already doing it

• 🔎 Impact Measures: adoption, benefits & risk metrics

• ✅ Live Demo: How you can measure the impact of your GenAI initiative today

Join the conversation on January 25th or 30th.

Test Your Skill
Snack Quiz: Choose The Real Image 🔍

Billion Dollar Companies
AI – A Land Filled With Unicorns

In just two short years, ElevenLabs, a voice AI startup, emerged from obscurity to a valuation exceeding $1 billion. And the journey of ElevenLabs is not just a tale of financial triumph but a reflection of the transformative power of AI in modern technology.

From its inception, ElevenLabs was fueled by a vision to revolutionize voice interactions with technology.

The startup's primary focus was on developing AI tools capable of creating realistic, custom synthetic voices, which quickly garnered attention from major investors - leading to a significant investment of $80 million from renowned venture funds such as Andreessen Horowitz and Sequoia Capital.

This influx of capital boosted ElevenLabs' valuation, earning it the prestigious "unicorn" status, a term reserved for privately owned startups of exceptional worth.

The core of ElevenLabs' success lies in its innovative voice-cloning technology, capable of producing lifelike voices in 29 different languages. This technology has found applications across various sectors, including content creation, gaming, education, and accessibility, illustrating the broad impact of AI in diverse fields.

With fresh funding, ElevenLabs is poised to expand its research and development further, focusing on enhancing AI dubbing and other voice technologies.

However, the vision of CEO Mati Staniszewski extends beyond mere technological advancement; it's about using AI to bridge language barriers and make content universally accessible.

More Tools For The Toolbox
5 Trending AI-Powered Tools

HIX: Generate high-quality copies for ads, emails, blogs, and more in seconds.

Softr: Turns your Airtable or Google Sheets data into beautiful and powerful client portals or internal tools.

Toasty: Get show notes, transcripts, timestamps, blog posts, and more in minutes with our AI-copywriter.

Zaplify: Automatically find new leads, reach out, and get actionable insights on your results.

Magic: An optimization tool that upgrades your AI workflow with integrations with Bard, Claude, Midjourney, & more.

Try The Cockroach Milk
The Usual Strange AI Images

Snack Quiz Results
Correct Answer ✔️