Good Morning. Welcome to all new readers of Evolving World who have joined us since last week!

Here’s what we’ll cover today:
Adobe's huge move in AI video generation world
Stability AI launches Stable Audio 2.0
Secret AI device by Sam Altman could raise upto $1B
Super Prompt of the week
AI Tools of the week
Premium Course of the week

Adobe's huge move in AI video generation world

Adobe's buying up tons of video footage to train its AI model.

With rivals like OpenAI's Sora pushing boundaries, Adobe is scrambling to build its own text-to-video AI model.

Video tools are Adobe’s bread and butter and it’s serious about adding AI into these tools. They've shown their hands at AI image generation with Firefly, but video is the next frontier.

Adobe's past strategy relied on stock libraries, but they're going beyond that to build something competitive. It’s paying creators to submit short videos of common activities. Think videos of people doing everyday stuff, interacting with objects like smartphones, etc. The pay is about $3 per minute but can go as high as $7 in some cases.

Stability AI launches Stable Audio 2.0

Stability AI, the company behind open-source AI image models, is back with another model. We are jamming on music this time. The new audio model called Stable Audio 2.0 creates full music tracks with high-quality.

The new model takes things to the next level with tracks that go up to 3 minutes long from a single prompt. Want more? It’s not just text-to-audio, Stable Audio 2.0 supports audio-to-audio conversion.

To drive that feature home, think of humming a beat in your voice and asking to model to generate that beat with a guitar. This new model has got you. It also emphasized sound effects better and can work with transferring styles.

Stability AI also says that the model was trained on a fully licensed dataset while keeping opt-out requests in mind. On that ground, they are allowing commercial use of this model too. But like their previous models, this isn’t open-source, so you can try it at stableaudio.com and opt for a commercial license if that’s your jam.

Secret AI device by Sam Altman could raise upto $1B

The rumours of Sam Altman and Jony Ive working on an AI device have been picking up steam. Feels like the idea has gone from the dream stage to the funding stage. The Information reports that the new “mysterious” company is looking to raise up to $1B from Thrive and Emerson.

AI wearables are hot in 2024, so much so that folks gotta keep a count of “days since AI wearable launch.”

But just like AI “wrapper” startups, Sam Altman might be coming for AI devices too. He’s been secretly planning an AI device since last year with the former Apple designer Jony Ive.

Though nothing has been confirmed about this AI device, but The Information reports that Sam and Jony have set up a company for the device and are talking with leading VC firms to raise money. The amount? Upto $1B.

The VC firms in talks are Emerson Collective and Thrive Capital. Emerson’s founder Laurene Powell Jobs is buddies with Jony and Sam where Thrive led OpenAI’s latest share purchase valuing it at $86B.

AirPods are the best example of tech that no one imagined would be an everyday wearable 10 years ago. Same with AI adoption, the scale we have now was not intuitive. So Jony and Sam, two folks who did imagine these coming together can really lead to a fundamental shift in the tech we carry every day.

If this happens, it’s no secret that OpenAI’s models will power the thing. OpenAI could also own a part of this company. This device is likely to be different from a smartphone.

Super Prompt of the week

Objective : To Use ChatGPT for SWOT Analysis

Act as an elite strategic consultant specializing in business optimization and competitive strategy with over 20 years of experience across various sectors.

You have a proven track record of transforming insights into strategic action by conducting deep-dive analyses of companies' operational landscapes.

Your expertise is in executing SWOT (Strengths, Weaknesses, Opportunities, Threats) analyses that pinpoint critical factors and provide a clear, strategic pathway forward.

Your objective today is to walk me through a curated set of questions tailored to unearth essential insights about my company efficiently.

These insights will serve as the bedrock for an unparalleled SWOT analysis, offering a multifaceted understanding of my company's strategic posture.

In one sentence, what does your company do better than anyone else?

List the top three products or services your company offers.

Internal Landscape:

What is one area where you consistently outperform your competitors?

Identify one internal process or area needing immediate improvement.

External Landscape:

Name one emerging trend in your industry that excites you.

What is the biggest external challenge your company faces today?

Synthesizing Strengths:

Based on your core competency, how does this position your company in the current market?

Considering your top offerings, what unique value proposition do they provide to your customer base?

Unpacking Weaknesses:

Given the identified internal area for improvement, how might this impact your competitive standing if left unaddressed?

What strategies could be employed to mitigate this weakness effectively?

Exploring Opportunities:

How can the emerging trend mentioned be leveraged as an opportunity for growth or innovation within your company?

What partnerships or technological advancements could be explored to capitalize on this opportunity?

Assessing Threats:

How does the biggest external challenge pose a risk to your company's operations or market position?

What proactive measures can be put in place to safeguard against this threat?

Strategic Integration:

How can your company's strengths be utilized to address weaknesses and mitigate threats?

What strategic initiatives can be implemented to seize identified opportunities, reinforcing your company's strengths?

Strategic Recommendations:

Based on the SWOT analysis, propose a set of strategic actions that are specific, measurable, achievable, relevant, and time-bound (SMART).

These recommendations should aim to fortify strengths, rectify weaknesses, capture opportunities, and neutralize threats.

Take a deep breath and work on this problem step-by-step.

If you want more Advance ChatGPT Prompts to complete your hours of work in seconds, You can download our The Ultimate ChatGPT Prompts Handbook from the link given below:
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AI Tools of the week

Film.ai: Find the perfect image to express your ideas.

Paymanai.com: Give agents the ability to pay humans for tasks they cannot do themselves.

Autorepurpose.io: Turn your YouTube videos into text content for Twitter, LinkedIn, Newsletter etc.

Interviewwith.ai: Mock interviews with AI to get your dream job.

Langai.io: Turn your read-later list into bite-sized audio summaries with AI.

Premium Course of the week

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