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🤖 Intuit Replaces 1,800 Staff with AI Expertise

🤖 Intuit Replaces 1,800 Staff with AI Expertise

Plus: Claude’s Improved Feature and OpenAI’s Revenue Breakdown.

July 18, 2024

Hello AI Enthusiast,

In a bold move towards AI adoption, Intuit, a major tech company, is reshuffling 10% of its workforce, bringing in new skills and knowledge. Is this the right strategy? We’ll tell you how we see it. 👇

The Big Picture 🔊

Intuit Reshuffles Workforce for AI

Intuit's CEO Sasan Goodarzi announced the layoff of 1,800 employees while planning to hire for roles in engineering and customer-facing areas due to the integration of Generative AI. Goodarzi claims this move aims to enhance customer experiences and drive efficiencies, marking the beginning of an AI revolution within the company.

Helin YontarCPO and Podcast Host

As a training company, we've seen the benefits of upskilling existing staff to handle new technologies. Helping current employees grow often works better than replacement. It keeps knowledge in-house and builds loyalty.

What's puzzling is Intuit's public statement about a big portion of these employees underperforming. These matters are usually handled internally. There might be more to this story than we can see from the outside.

Replacing 1.800 resources raises concerns. We advocate for upskilling existing talent. Companies facing AI transitions should:

Identify skill gaps
Create tailored learning programs
Deliver engaging, practical training
Measure results and provide ongoing support

This is exactly the kind of AI training we provide. Empowering your team builds loyalty and drives innovation. It's about nurturing your greatest asset: your people.

Anthropic Adds Publish and Remix to Artifacts Feature

Anthropic has introduced a new "Artifacts" feature powered by its latest AI model, Claude 3.5 Sonnet, enabling users to publish, share, and modify AI-generated content. Users can now easily reshape, or “Remix” as they called it, and build upon shared Artifacts.

Andrea MattielloCM and Outdoor Fanatic

It's natural to compare Claude with ChatGPT. ChatGPT lets you create code you can copy and paste elsewhere. Claude's Artifacts feature goes a step further, allowing you to create shareable previews of webpages, designs, video games, apps, and more.

Both companies are improving their products but in different ways. OpenAI is focusing on assistants with visual, image creation, and text-to-speech capabilities. Anthropic seems more focused on enhancing work-related applications.

OpenAI Revenue Breakdown

A report from Future Search estimates OpenAI's revenue sources. Individual ChatGPT Plus subscriptions lead at $1.9B, followed by ChatGPT Enterprise at $714M. API usage brings in $510M, while Teams accounts contribute $290M. This breakdown reveals ChatGPT Plus as the dominant income stream, significantly outpacing API revenue.

Gianluca BelloniCMO and Marketing Nomad

The API is pay-per-use, while Plus uses a subscription model, seemingly more profitable for them. Our experience mirrors this. Despite using API for automations, we spend more on ChatGPT Plus since API costs are very low.

In the future we expect Enterprise prices to rise as OpenAI pushes corporate adoption. These revenue figures seem plausible, though we can't confirm their total accuracy.

Bits and Bobs 🗞️

Anthropic has introduced new features in its Console. Users can now generate, test, and evaluate prompts, refine them quickly, and compare outputs side by side.
OpenAI is blocking its services in China, which has created a significant opportunity for Chinese AI companies like Baidu and SenseTime to attract new users and accelerate the development and adoption of Chinese AI models.
An investigation revealed that big tech firms like Apple, Nvidia, and Anthropic have secretly used subtitles from over 170,000 YouTube videos to train their AI models without creators’ consent.
OpenAI has developed an internal scale, that goes from 1 to 5, to measure its progress toward achieving artificial general intelligence (AGI), with chatbots like ChatGPT currently at Level 1.
OpenAI and Los Alamos National Laboratory are partnering to study how multimodal AI models can safely advance bioscientific research in lab settings.
Stability AI’s Stable Assistant now includes new tools such as Search & Replace for replacing objects in an image and Stable Audio for creating music.
Microsoft announced it has removed its observer seat on OpenAI's board.
Amazon Rufus, now available in the American Amazon Shopping app, helps answer a wide range of product-related questions based on product listings, customer reviews, and community Q&As.
Vimeo is introducing AI content labeling to help viewers identify videos that have been partially or entirely created using AI tools.
You can now fine-tune Claude 3 Haiku for tailored workflows using Amazon Bedrock's preview API.

Tribal News🫂

After Anthropic's release of the Artifacts publishing feature, one of our bootcamp graduates wasted no time recreating his project prototype. We love seeing this creative spirit in action!

From Our Channels 🤳

While Stability AI just made creating and editing images easier, Gianluca has some thoughts about keeping AI more humanist in one of his latest TikToks. Hear his thoughts.

@gianluca.mauro
A humanist approach to AI #Ai #learnontiktok #artificialintelligence #business #machinelearning #product #ux #entrepreneur

LOLgorithms 😂

Sam is enjoying his company’s switch.

When you switch from non-profit to B2B SaaS
— Jason Levin (@iamjasonlevin)
4:41 AM • Jul 10, 2024

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

Generative AI Project Bootcamp: Learn to craft optimal prompts and integrate them into automated AI prototypes to accelerate processes and test business ideas.
Practical Introduction to ChatGPT: A free course on using ChatGPT confidently, understanding its workings, and exploring its potential.
Customized Corporate Training: Equip your team with the skills they need to unlock the potential of AI in your business.

Catch you next week! 👋