Why Snap MyAI is the Sleeping Giant of AI Chat (#148)
Aug 18, 2023
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Discover how Snapchat's MyAI is quietly revolutionizing the AI landscape, captivating millions with its user-friendly design. Kipp and Kieran analyze the shifting dynamics in AI competition, emphasizing that first mover advantage may not guarantee success. They explore monetization strategies linked to AI tools and the intriguing possibilities of upcoming innovations like ChatGPT-5. The conversation also delves into the balance between personalized experiences and data privacy, highlighting the evolving relationship between users and technology.
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Quick takeaways
Snapchat's MyAI feature is popular and has more users than chat GPT, offering a simplified version of AI for homework questions and counseling help.
Multimodal AI, which incorporates images and videos, opens up new opportunities for creative content creation and engagement, requiring businesses to adapt and utilize multimedia assets.
Deep dives
AI-powered tools like HubSpot CRM are changing the marketing game
The podcast episode highlights how AI-powered tools like HubSpot CRM are transforming the way marketers work. These tools, such as chat spot and content assistant, integrated into workflows, cut down manual tasks, and boost productivity. They help marketers with tasks like research reports, copy development, and data analysis. With the ability to work smarter and faster, marketers can enjoy more time away from their desks and take advantage of well-earned time off.
Snapchat's MyAI feature has more users than chat GPT
The podcast delves into the popularity of Snapchat's MyAI feature, which surprisingly has more users than chat GPT. With 150 million active users, MyAI offers a simplified yet effective version of chat GPT. It provides concise answers and advice, making it ideal for homework questions, counseling help, and more. MyAI's usage within Snapchat showcases the potential of embedded AI experiences, where users can access AI without the need for separate destinations or platforms.
Multimodal AI and its impact on content creation and consumption
The podcast discusses the rise of multimodal AI, enabling interaction with images and videos. This development opens up new avenues for creative content creation and consumption. Businesses are encouraged to invest in images and video content as they become crucial in engaging with AI systems. With multimodal capabilities, AI will rely more on visual content, making it necessary for businesses to adapt and utilize multimedia assets to effectively communicate and connect with AI-powered platforms.
The future of AI in advertising and enterprise applications
The podcast asserts that AI will play a significant role in the advertising industry and enterprise applications. AI-powered advertising will provide personalized and targeted experiences, leveraging user interactions and data to deliver more relevant advertisements. Additionally, AI's integration into enterprise systems will offer customizable AI models, allowing businesses to tailor AI solutions to their specific needs. The key takeaway is that AI integration in software and enterprise operations will be essential for businesses to stay competitive and maximize the benefits of AI technology.
Kipp and Kieran discuss OpenAI’s secret competitor by an unlikely player and the future of what AI tools will look like. Learn why the first mover advantage isn’t a moat, why paid products are going to get commoditized by open-source projects, and ChatGPT-5 rumors.