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  • 🤖 Companies Invest 293% More in AI

🤖 Companies Invest 293% More in AI

Plus, Microsoft’s Internal Emails Revealed and OpenAI Partners with Stack Overflow

Hello AI Enthusiast,

A new report from Ramp, a US-based financial technology company that manages corporate credit cards and expenses, reveals some fascinating trends in AI adoption among businesses. According to the document, companies are significantly increasing their investment in AI tools, with AI-related card transaction volume skyrocketing. These findings highlight how enterprises, regardless of their industry, are doubling down on AI to stay competitive.

We have shared our opinions on this and other relevant news from this week. 👇

The Big Picture 🔊

Ramp Q1 2024 AI Spending Surge

Ramp, a fintech company, released a report showing a 293% year-on-year increase in AI-related expenditure through its platform. The data highlights a significant adoption of AI tools, particularly in non-tech sectors such as healthcare and financial services, where AI use jumped by 131%, driven by applications like automated financial advice and medical data analysis. The report also highlights OpenAI as a top choice for businesses, with long-term users increasing their spending by 25% each month.

💡Our Take: AI spending is booming, especially in healthcare and finance, showing that more industries are getting on board with AI. AI tools tailored for specific industries are key to this growing trend. It’s interesting to see that these sectors are adopting AI just as quickly as consulting firms, which typically embrace new tech faster. Plus, once companies start using AI tools like those from OpenAI, they rarely switch. This tells us that when businesses find an AI solution that works, they stick with it.

Is your company betting on AI adoption?

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Microsoft's AI Journey From Catch-Up to Leadership

In an email released during the US antitrust case against Google, Microsoft admitted it was behind in AI, struggling to match Google's model. Concerned about Google's lead, Microsoft invested $1 billion in OpenAI in 2019, as revealed in an internal email between top executives. Since then, Microsoft has poured over $13 billion into OpenAI and made AI a priority across its products. Now, they're developing a powerful new AI model, MAI-1, led by former Google AI leader Mustafa Suleyman. With 500 billion parameters, MAI-1 highlights Microsoft's shift from catching up to leading in AI. Here’s a tweet with the original emails.

💡Our Take: Microsoft's bold steps in AI confirm something we've always stressed: investing in people’s mindset and training is crucial for safe and sustainable AI adoption. Despite having top-tier tech, Microsoft was falling behind because they hadn't fully empowered their own employees. By pouring billions into OpenAI and hiring AI experts like Mustafa Suleyman, they highlight the essential mix of great technology and great minds.

Stack Overflow and OpenAI Announce Partnership

Stack Overflow and OpenAI are teaming up to combine OpenAI’s AI technology with Stack Overflow’s detailed tech information to improve user experience. This partnership will allow ChatGPT to use reliable, technical information from Stack Overflow, while also improving AI model accuracy through community feedback. They plan to introduce these new features soon.

💡 Our take: OpenAI's approach turns other’s challenges into opportunities. Developers shifted from using sites like Stack Overflow to ChatGPT, which caused a decrease in website traffic. Recognizing this, OpenAI formed partnerships to rebuild trust and improve user experiences. This strategy, similar to their collaborations with news providers, spikes ChatGPT's usage but might also be part of a larger plan to improve their rumored search engine, giving partners like Stack Overflow better visibility.

Bits and Bobs 🗞️

Tribal News 🫂

Hats off to Christoph Piller, one of our alumni and now AI Coach at AI Academy, who's hitting a new milestone! Christoph’s scientific paper has just been accepted, and he’s preparing to present it soon. His work showcases exactly what we teach and preach here at AI Academy: the powerful combination of AI knowledge with domain expertise. Being a Process Expert, in his paper, he offers practical solutions for process managers. Check out his LinkedIn post for more. Way to go, Christoph! 🚀

From Our Channels 🤳

Gianluca Mauro recently posted a TikTok showing off the new AI Academy Bot right from our Discord server. It’s pretty neat—you can chat with it 24/7 to get insights or answers about our program. Just like having a mini instructor to help out whenever you need it.


I built an AI version of me 👀 #ai #learnontiktok #artificialintelligence #business #machinelearning #product #ux #entrepreneur

There are only a few days left until our Gen AI Project Bootcamp kicks off on May 13th. Secure your spot by this Sunday and you'll learn to identify key AI use cases, craft, test, and refine your prompts, and build automations to integrate AI into your workflows. Plus, present your AI project roadmap to stakeholders. Our past participants have seen fantastic feedback from their managers!

We ensure personalized support, including mentorship from AI Coaches like Christoph, and 24/7 access to our AI Academy bot—the same one Gianluca demonstrated on his TikTok.

LOLgorithms 😂

The struggle is real.


Like not THAT casual cmon chat 💀#relatable #memes #funny #backshots

That's a wrap on our newsletter! Here’s a quick recap before you go:

Catch you next week! 👋