Reddit taps into the AI goldmine

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AI For Work
February 26, 2024

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Reddit Taps into AI Goldmine 💼

Chrome Unveils AI Writing Assistant 📝

Arc's 'Pinch-to-Summarize' Feature🤏

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Check out this new deep-tech podcast called First Principles. Hosted by Christian Keil, it’s going to help make deep-tech startups more approachable. The first episode goes live this week - follow them here to keep up to date! (link)

Does treating a chatbot nicely lead to better output? (link)

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AZmed raised €15M for AI-powered radiology software (link)

Armilla AI raised $4.5M to safeguard enterprises from the risks of AI (link)

Bioptimus raised $35M to build biology foundation models (link)

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Reddit Taps into AI Goldmine 💼

Reddit, in its IPO prospectus, revealed it had made $203 million from licensing its data to AI vendors, with agreements expected to generate a minimum of $66.4 million in revenue for 2024.

While specific AI companies licensing Reddit's data weren't named, OpenAI and possibly Google are speculated to be among them. Reddit's decision to monetize its vast repository of posts and comments marks a strategic move, especially as AI models like OpenAI’s ChatGPT and Google’s Gemini look to the web for data to train on.

This approach by content platforms aligns with the broader trend of seeking compensation for their data used in training AI technologies amidst increasing legal scrutiny over data usage rights.

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Introducing the world’s first speech-to-resume builder.

Kickresume GPT is revolutionizing the resume writing process. With its seamless integration as a ChatGPT add-on, creating your resume is now as simple as having a conversation.

When using mobile, you don’t have to type a single word.

Kickresume GPT is now accessible through OpenAI’s GPTstore for ChatGPT Plus users.

Chrome Unveils AI Writing Assistant 📝

Google Chrome introduces a new AI writing generator powered by its Gemini AI model. Originally a feature in Gmail, this tool now extends its capabilities across the web, allowing users to generate or rewrite text in any text field.

Currently in an experimental phase, it's available in English for Windows, Mac, and Linux users. The AI tool is designed for crafting short-form content and adjusts its suggestions based on the webpage context.

However, user data, including text and URL, will be shared with Google under its privacy policy for the improvement of this feature, which involves human review.

Arc's 'Pinch-to-Summarize' Feature🤏

Arc browser's new feature, "pinch-to-summarize," uses AI to create concise summaries of web pages with a unique pinching gesture.

While the gesture and transition effects are praised for their innovative interaction and aesthetic, the feature's accuracy in generating summaries is inconsistent. It struggles with languages other than English and sometimes omits crucial information or provides robotic summaries.

Concerns arise about its impact on journalism and web content creation, as inaccurate summaries may mislead users.

Arc aims to improve the feature and considers sharing summaries with source links to drive traffic to original articles. Take a look at how to feature works 👇️ 

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