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INNOVATION DISPATCH

AI Gadget Records and Transcribes Meetings; Digital Tools Like AI Can Hurt Consumer Trust; ​Grok Turns Diagrams Into Code; Giant Wooden Statues (8 Images); plus, more headlines and tools!

Published 26 days ago • 4 min read

GIANT WOODEN STATUES (8 IMAGES)

APRIL 16, 2024

🤖 Innovation Dispatch: Your Daily Dose of AI

Read Time: 6 Minutes

Welcome back, Innovators!

AI Gadget Records and Transcribes Meetings; Digital Tools Like AI Can Hurt Consumer Trust; ​Grok Turns Diagrams Into Code; Giant Wooden Statues (8 Images); plus, more headlines and tools!


🎯 Today's Innovations

  • AI Gadget Records and Transcribes Meetings
  • QUESTION OF THE DAY
  • STUDY: ​Digital Tools Like AI Negatively Impact Consumer Trust​​​​​​​​​​​​​
  • ​Grok Turns Diagrams Into Code​; more headlines for April 16, 2024
  • AI Word of the Day: Named Entity Recognition
  • 5 New AI Tools for Work and Everyday Life

FEATURE

🤖

​Limitless Wants Its AI Wearable to Be Your Memory's Assistant​​​

The Limitless Pendant is a new AI-enabled wearable device designed to serve as a "memory assistant." The small, circular device clips onto clothing and uses an array of microphones to record conversations throughout the day. It then sends those audio recordings to the cloud, where they are transcribed using AI.

The Pendant allows users to search through and revisit transcripts of past meetings, conversations, and entire days. It can summarize key takeaways, action items, and even draft emails based on the recorded information. The goal is to enhance human memory capabilities far beyond what is biologically possible.

Designed by firm Ammunition, the discreet yet noticeable aluminum brooch features a circular shape, eight color options, and an LED light to indicate when the recording is active. It has a 100-hour battery life packed into one of the two halves that clip together magnetically.

The cost is $99. It's available now to pre-order, and shipments will begin in August.

CHECK OUT MORE HERE FROM FAST COMPANY


Q: Do digital tools like filters, AI, and the ability to alter posts negatively impact how you see an online platform?​


TIDBIT

STUDY: ​Digital Tools Like AI Negatively Impact Consumer Trust​​​​​​​​​​​​​

A new study by Florida State University marketing researchers found that digital tools like photo filters, overly edited content, and the ability to delete posts can erode consumer trust and negatively impact purchasing decisions. The researchers analyzed nearly 20 years of digital platform innovations combined with data on how user-generated content affects company performance.

They found features that allow altering reality or hiding information make consumers suspicious that online reviews and testimonials don't reflect the real product experience. As AI advances enable deeper faking of content, the researchers urge platforms and marketers to help consumers distinguish real from fake information to maintain trust.

The findings have implications for social media influencers, marketers, and policymakers aiming to promote transparency around AI-manipulated content.

CHECK OUT MORE HERE FROM FLORIDA STATE UNIVERSITY NEWS


📰 Headlines

  1. NSA Publishes Guidance for Strengthening AI System Security
  2. Study Reveals AI Enhances Physician-Patient Communication
  3. Adobe Explores OpenAI Partnership as It Adds AI Video Tools
  4. Grok 1.5v: Elon's AI Assistant Can Write Code from a Diagram
  5. Google has launched 8 FREE courses
  6. Is Google's AI Actually Discovering 'Millions of New Materials?' Doubts Raised
  7. Adobe Announces Acrobat AI Assistant Subscription as It Expands AI Tools
  8. iOS 18: Apple Issues New Blow to Google with Bold AI Privacy Decision
  9. Expert argues AI won’t lead to mass layoffs for workers anytime soon: ‘Look at when we were promised fully autonomous cars’
  10. Samsung's $4,000 98-inch TV Promises Better Big Picture with AI
  11. The AI That Could Heal a Divided Internet

AI Word of the Day: Named Entity Recognition

Named Entity Recognition (NER) is a technology used in natural language processing (NLP) that identifies important names in text—like names of people, places, companies, or dates. It's like highlighting all the key nouns in a story to quickly understand who did what, when, and where.

Why It Matters

Named Entity Recognition is vital for businesses that deal with large amounts of text and need to extract meaningful information quickly.

Companies can use NER to sort through customer feedback, emails, or reports and automatically pull out names, product mentions, or locations.

This automation saves time, helps in organizing and analyzing data efficiently, and enhances decision-making by highlighting critical information.

Real-World Example

Imagine you run a travel agency and receive thousands of customer reviews and inquiries. Using Named Entity Recognition, your system can automatically scan these texts to find mentions of specific destinations, hotels, or dates. This helps you quickly gather insights about the most popular destinations or common issues travelers face.

For instance, if "Paris" and "booking confusion" frequently appear together, you know there's a problem to fix. This direct insight allows you to improve services or offer targeted promotions, enhancing customer satisfaction and driving sales.


📚 AI TOOLS

  • AI Children's Book Creator: allows users to enter a story synopsis and details to create a children’s book in a click.
  • IntelliGeniusAI: AI content generation platform that generates different creative text formats, like code, scripts, musical pieces, email, letters, etc., and translates languages. It can also be used to create images and graphics.
  • Volv: designed for high-performing individuals who don’t want to waste time scrolling through social media, Volv delivers news snippets in 9 seconds. It gathers content from a variety of sources including podcasts, YouTube videos, and articles. Powered by SnapChat.
  • Persana AI: AI prospecting platform that helps users find qualified leads and book more meetings. It accomplishes this by using data sources to build lead lists and enrich contact information. Users can also leverage Persana AI’s AI automation to target high-intent leads.
  • Interviewwith.ai: a tool that helps people prepare for job interviews by creating a personalized roadmap for the user based on a job description. It includes quizzes and flashcards to help the user learn the material. The user can also practice interviewing with a simulated AI HR professional.

Read All Innovation Dispatch Back Issues Here


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INNOVATION DISPATCH

Aric Mitchell

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