Happy Monday!

Welcome to the 12 new hungry minds who have joined us since last Monday! 🤯If you aren’t subscribed, join smart, curious, and hungry folks by subscribing here.

In this week's issue:

• 🗞️ Apple launches iPhone 15 with USB-C and Dynamic Island, Salesforce introduces Einstein Copilot for conversational AI, and Stability AI gets into audio

• 🛠️ Learn how Instagram scaled to 14 million users with 3 engineers, compare the best open-source LLM against GPT-4, write your own programming language from scratch

• 💡 Steal this business idea: Chatster, a conversational AI platform that helps sales teams generate more leads, close more deals, and provide better customer service

Reading time: 5 minutes

🧠

Food for Thought

Sharpen your mindset

Mindset: This quote reminds us that having a vague or generic goal is not enough to achieve success. We need to have a clear vision of who we want to be and what we want to accomplish. Being specific helps us focus our efforts, measure our progress, and overcome challenges.

Example: One company that showcased this quote is Netflix. Netflix started as a DVD rental service, but it had a specific vision of becoming the world's leading entertainment platform. Netflix invested heavily in streaming technology, original content, and global expansion while adapting to changing customer preferences and market conditions. Today, Netflix has over 200 million subscribers and is one of the most influential media companies in the world.

Action item: One tiny concrete action you can take today to apply this quote is to review your personal or professional goals and make them more specific. Use the SMART criteria (Specific, Measurable, Achievable, Relevant, and Time-bound) to define your goals and break them down into smaller steps. Write down your goals and track your progress regularly.

(Click here to share on Twitter)

🗞️

The Weekly Pulse

Tech, AI, and business news worth your time

🎵 Stability AI Debuts Stable Audio, Bringing Text-to-Audio Generation to the Masses (4 min)

Brief: Stability AI, the company behind the Stable Diffusion text-to-image generation technology, launches Stable Audio, a new product that allows users to generate music and audio clips from simple text prompts. Stable Audio uses a diffusion model trained on audio data to create realistic and diverse sounds.

Takeaway: Stable Audio is a breakthrough in the field of generative AI, which can create new content and data from existing ones. By enabling users to produce customized audio with just text, Stable Audio opens up new possibilities for creativity and expression across various domains and industries.

🤖 Meta's Quest for a New Chatbot to Rival GPT-4 (2 min)

Brief: Meta is reportedly building a new large language model (LLM) that aims to be as advanced as OpenAI's GPT-4, a state-of-the-art chatbot that can generate realistic and coherent texts. The social media giant plans to train the new model in early 2024 using its own AI-training chips and data centers, without relying on Microsoft's Azure cloud platform.

Takeaway: This project shows Meta's ambition to create a more sophisticated and expressive chatbot that can interact with users in various ways. The new LLM could also enable Meta to offer more generative AI features across its platforms, such as AI personas and Instagram chatbots. However, Meta faces strong competition from other tech giants like Google, Microsoft, and Amazon, who are also investing heavily in generative AI.

🛒 Amazon Rolls Out Generative AI Tool to Help Sellers Write Product Listings (2 min)

Brief: Amazon launched a generative AI tool for its third-party sellers that helps them create copy for their product pages based on a few keywords or sentences. The tool can generate product titles, bullet points, and descriptions that sellers can use to build new listings or refine existing ones.

Takeaway: This tool is part of Amazon's efforts to use AI applications for its e-commerce business, such as summarizing product reviews and brainstorming new products. Amazon aims to make it easier for sellers to stand out in its vast, competitive marketplace and to keep up with the consumer demand for AI-powered content and services.

📱 Apple Unveils iPhone 15 Lineup with USB-C and Dynamic Island (4 min)

Brief: Apple has announced its new iPhone 15 series, which features USB-C ports, Dynamic Island displays, and improved cameras and processors. The iPhone 15 and 15 Plus are the base models, while the iPhone 15 Pro and Pro Max offer more advanced features and larger screens. The devices will be available for preorder on September 15th and will start shipping on September 22nd.

Takeaway: The iPhone 15 launch shows that Apple is continuing to innovate and differentiate its products in the smartphone market, which is becoming more saturated and competitive. By introducing USB-C, Apple is also aligning with the industry standard for charging and data transfer, making its devices more compatible and convenient. The Dynamic Island technology, which adapts the screen refresh rate to the content, is another way that Apple is enhancing the user experience and performance of its phones.

🗣️ Salesforce Embeds Conversational AI Across The Platform With Einstein Copilot (4 min)

Brief: Salesforce introduces Einstein Copilot, a new feature that allows users to ask questions and perform tasks in natural language across the platform, using the power of generative AI. Einstein Copilot builds on the previous Einstein GPT, which provided automated assistance for common scenarios.

Takeaway: This feature shows Salesforce's vision to make its software more accessible and intuitive for its customers and partners, and to leverage the potential of conversational AI to enhance user experience and productivity. Conversational AI could create new possibilities for personalization and engagement across different customer touchpoints and industries.

🚗 Tesla's New Manufacturing Process Could Cut Costs and Boost Production (4 min)

Brief: Tesla is developing a new manufacturing process that will allow it to die-cast almost the entire vehicle underbody as a single piece using a 3D-printed sand mold and a new aluminum alloy formula. This process could significantly reduce costs and increase the production of electric vehicles.

Takeaway: This process shows Tesla's innovation and leadership in the electric vehicle industry and its willingness to challenge conventional car-building techniques. By casting the entire underbody in one piece, Tesla could improve the structural integrity, safety, and performance of its vehicles, as well as the efficiency and scalability of its factories.

🐇

The Rabbit Hole

Tools, trends, and resources curated to get you ahead

DEEP DIVE (frugal engineering) → How Instagram scaled to 14 million users with 3 engineers

TOOL (open source LLM) → Play with the best open-source LLM compared against GPT-4

ARTICLE (software engineering) → How to write your own programming language from scratch

TREND (best practices) → A blueprint for software documentation

TOOL (JS runtime) → Bun, a JS runtime that made noise over the internet for challenging Node JS

ARTICLE (interviewing) → Get a list of questions that Software engineers should ask during the interview

ARTICLE (CSS case study) → Rebuilding the TechCrunch website with modern CSS

💡

What If?

The business idea you should steal

What? A conversational AI platform that helps sales teams generate more leads, close more deals, and provide better customer service.

How? Use Salesforce's Einstein Copilot model to create intelligent chatbots that can interact with prospects and customers across multiple channels, such as web, email, SMS, and social media. The chatbots would use natural language processing and machine learning to understand user intents, provide relevant information, suggest actions, and follow up.

Why? Conversational AI is a powerful tool for sales teams, as it can automate repetitive tasks, improve engagement, and increase conversions. By using Salesforce's Einstein Copilot feature, sales teams can leverage the data and insights from the CRM platform to create personalized and effective chatbot conversations. The global market for conversational AI is projected to grow from $7.61 billion in 2022 to $59.61 billion by 2030.

😁

Burp-A-Laugh

The most important meal of your day

That’s it for today! ☀️

Enjoyed this issue? Send it to your friends here to sign up, or share it on Twitter!

If you want to submit a section to the newsletter or tell us what you think about today’s issue, reply to this email or DM me on Twitter! 🐦

Thanks for spending part of your Monday morning with Hungry Minds.
See you in a week — Alex.