Meta announces AI Sandbox for advertisers. Goldman Sachs' newest social media platform...for employees. AI-powered cameras hoping to stop elephant poaching.
GM, and happy Sunday! Welcome back to another AIcyclopedia newsletter.
Here’s what we’ve got for ya today:
Meta’s AI Sandbox hoping to bring back advertisers
Louisa: Goldman Sachs’ AI-powered networking platform
Using AI-powered cameras to stop illegal elephant poaching
BuzzFeed’s 1st quarter financial results, post AI layoffs
AI News: The Headliners 🏁
1/ Meta’s AI Sandbox hoping to bring back advertisers
Advertisers…
Are you ready to have some fun?
Because Meta's AI playground has arrived.
[The News] Called the AI Sandbox, Meta has announced the creation of a virtual playground for advertisers to test and employ new generative AI advertising tools to boost platform ads.
Meta's goal is to use Sandbox to learn not only what marketers like and dislike but also how to optimize future product releases.
If you are one of the lucky few who are granted access to the Sandbox first, you will be introduced to three initial beta projects:
Text variation
Background generation
Image outcropping
The three AI advertising tools are designed to boost ad creativity and overall engagement, resulting in increased sales conversions.
[Why this matters] Since mid-2022, when Meta revealed its first fall in advertising revenue, this announcement represents an opportunity to entice advertisers to return to the platform.
Looking forward… As stated previously, the AI Sandbox has only been released to a select group of advertisers for testing and feedback purposes.
But for everyone else, Meta announced that in the near future, it will gradually extend access to more advertisers as well as add more features for users to “play with”.
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2/ Louisa: Goldman Sachs’ AI-powered networking platform
Goldman Sachs has announced its own AI-powered social networking platform.
Think LinkedIn, but for employees.
[The News] Called Louisa, Goldman Sachs’ new networking platform “enables users to connect and share information in an intuitive way.”
Louisa creates deeper and more comprehensive business-relevant profiles on an organization's people, teams, positions, universities, alumni, communities, and clients by combining system-generated and user-provided data.
It's meant to get the right information to the right people at the right time.
In short, improve client relationships.
Looking forward… Right now, the platform has 25,000 monthly active users and is reportedly growing with 5x engagement year to date.
It doesn’t stop there.
The founder, Rohan Doctor, is hoping to grow the networking platform beyond Goldman Sachs employees.
Want to sponsor a future newsletter and share your business with our growing list of followers?
Go ahead and send an email to [daniel@aicyclopedia.com].
This space could be yours…🥳
AI News: The Shorts 🩳
3/ Using AI-powered cameras to stop illegal elephant poaching
According to the WWF, due to illegal elephant poaching for ivory, there are only roughly 40,000–50,000 elephants left surviving in the wild...
…putting them on the endangered species list.
But with the help of AI, all this could change.
[The News] According to Fox News, Dutch tech startup Hack the Planet and Stirling University academics have developed an AI camera that can recognize animals and humans.
How was it done? 5 camera systems took over 800 photographs over the course of 217 days to teach the AI system to identify animal species.
The accuracy rate of recognizing elephants?
82%, with an average alert time of 7 minutes.
Dr. Robin Whytock, a researcher at the University of Stirling, stated in the study:
“ Real-time data from smart cameras and other sensors could revolutionize how we monitor and protect the world's most threatened ecosystems”
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4/ BuzzFeed’s 1st quarter financial results, post AI layoffs
We've all heard the news: BuzzFeed replaced 12% of its employees with artificial intelligence.
And as a result, the company’s stock price initially rose by two times.
Well, 4 months later, here are the company’s first quarter 2023 financial results:
BuzzFeed delivered Q1 revenues of $67.2 million, declining 27% compared to the first quarter of 2022
Net loss was $36.3 million
Adjusted EBITDA loss was $20.2 million
Could this be a result of AI-generated content turning away readers and advertisers?
Maybe…maybe not. Only time will truly tell.
But looking forward…BuzzFeed expects:
Overall revenues in the range of $76 to $81 million
Adjusted EBITDA in the range of $0 to $4 million
Your AI news break 🥳
AI News Tid Bits… TalkBerry
👉🏻 Using artificial intelligence to analyze speech, researchers revealed that patients with Parkinson's disease spoke with more verbs but fewer nouns. This could result in the development of a new early diagnosis tool with an already high 80% precision rate.
👉🏻 Bill Gates answers AI-generated questions in an interview about his early days building Microsoft. He admits to being a "tough boss" and has learned to relax a bit as a leader.
👉🏻 Anthropic’s generative AI, Claude, can now “read” and process 75,000 words, or 100,000 tokens, in a matter of seconds. In comparison to OpenAI’s extended version of 32,000 tokens, that is quite a huge margin.
Try this AI tool 🪄 : TalkBerry
The ONLY way to supercharge your language-speaking abilities is to actively engage with someone who is fluent in the language.
But let’s be honest here…
Tutoring and one-on-one language exchanges are expensive. Like 100s of dollars expensive.
But now, with the power of AI-generated speech technology…
You can improve your language skills in a matter of days by simply engaging in natural conversations with your own personal AI-powered language tutors.
With TalkBerry, you will be able to:
Explore a wide range of topics with 20+ realistic scenes
Pick a unique role-playing character to create a fun interactive experience
Get real-time feedback and tips you can use to improve fluency right away
[Here’s what people are saying]:
One of the key features that stood out to me is the natural conversation flow with the AI tutor. It feels like I'm chatting with a real person, making the learning process more immersive and interactive. The AI is adaptive and caters to my learning pace, ensuring that I never feel overwhelmed or bored.
I'm studying in Japan now, so I use TalkBerry to practice my spoken Japanese, it makes it much smoother when I'm living and studying in Japan, I will continue to use it to practice other countries' languages like English and Korean, it's so fun!
[See it in action]:
That’s it for today!
If you liked the newsletter, give it a ❤️ and, as always, feel free to sound off in the comment section below 👇🏾
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See you next Thursday 👋🏻
