IN THE SPOTLIGHT
5 Key Insights from 'The State of AI Report’

Keeping up with all the developments in AI can be tough. Thankfully, Retool's latest AI report has us covered.

Here are our top 5 takeaways after diving into it:

#1 There is still mixed sentiment on AI, as most people are undecided about whether AI is amazing or disappointing. Humans remain cautiously optimistic about AI, considering both its limitations and growth potential.

#2 The AI adoption rate is moderate, with only 30% of companies considering themselves leaders in AI usage. These companies are primarily from the consulting industry and real estate, followed by the consumer goods sector.

#3 The adoption of AI is increasing, with a growing number of companies using AI tools on a weekly and daily basis. Respondents use copilots and other AI tools at least every week, with 56.4% nearing daily use.

In terms of roles, Product and Engineering teams lead in adoption at 68% and 62.6% respectively, followed by IT at 50.1%, and Design teams at 39%.

#4 The demand for investment in AI is significant, with 40.5% of respondents believing that more investment is needed. On the other hand, 42% think their company invests the right amount in AI.

Digging deeper, leaders like directors, managers, and VPs express a stronger desire for increased investment in AI compared to other employees. With such strong demand, it makes sense for companies to consider boosting their investments, doesn't it?

#5 A staggering 85.5% of respondents report productivity gains from using AI tools. Moreover, those who use these tools daily report even more significant productivity improvements.

#Bonus: Almost 60% think AGI will happen in the next 10 years, while 2.7% believe it already exists. Are we missing something?

To wrap it up, people are excited about AI while remaining realistic. AI extends beyond chatbots and copilots, advancing rapidly. Yet, there are many challenges to navigate. Exciting times ahead!

Get the full report on the State of AI by Retool and explore the insightful charts, compelling statistics, and emerging trends and patterns!

Meet the most funded startups

Web3 is on the right track

Even if the value of cryptocurrencies and tokens doesn't reflect this headline, something interesting is cooking on the other side of crypto.

The latest report by DappRadar, the analytics platform for dApps, shows that in Q2, this industry reached 10 million daily Unique Active Wallets for the first time! 

This equals a 40% increase in usage compared to the previous quarter.

While many other fields grew as expected, the NFT sector enjoying its best quarter since Q1 2023 is a surprising stat. NFTs saw a trading volume of $4 billion and 14.9 million sales. Plus, OpenSea is the most dominant NFT marketplace by sales, with a 12% market share.

Even when coins are not bullish enough, the metrics and user engagement show the contrary. It’s just a matter of time before these two worlds collide again.

Until then, access the full dApp Industry Report by DappRadar here, which covers DeFi, security insights, and more.

SUBSTRATES
What else is going on?

• OpenAI Startup Fund and Thrive Global have teamed up to launch Thrive AI Health, a company dedicated to creating a hyper-personalized AI health coach. This innovative platform will focus on areas such as sleep, nutrition, physical activity, stress management, and social connection.

• Because of regulatory scrutiny, Microsoft and Apple are leaving their observer seats on OpenAI’s board.

• PayPal’s stablecoin, PYUSD, has passed a $500 million market cap after expanding to the Solana network this May.

• YouTube has released a new AI tool that removes copyrighted songs from videos without interrupting the other background audio.

• Justin Sun, the founder of TRON, plans to create a new service for gasless stablecoin transfers by the end of the year. It will be initially deployed on TRON and later expanded to Ethereum and other EVM-compatible networks.

• The Washington Post debuts Climate Answers, its AI chatbot integrated into the platform to answer questions on climate change, sustainable energy, and the environment.

• At the end of this month, Donald Trump will take the stage as a speaker at Bitcoin 2024, the world’s largest Bitcoin conference, held in Nashville, Tennessee.

• ElevenLabs debuts Voice Isolator, an AI tool that removes unwanted background noise and extracts crystal-clear dialogue from any audio, as if it were recorded in a studio.

• OpenAI partners with Los Alamos National Laboratory to advance bioscience using AI, testing its models to assist in real laboratory work.

• Anthropic's Claude has expanded its developer console with a new feature that enables developers to generate, test, and evaluate multiple AI prompts for their applications.

FROM THE REPOSITORY
5 tools to add to your maker’s arsenal

• Use FireCrawl to turn any website into an API with AI

• Kulipa is a one-stop solution to let non-custodial wallets issue branded payment cards to their users.

• EveCoach is your AI partner in managing work-related stress

• Leverage Kai as your AI trading wizard for crypto and stocks

• Pygma is your AI-powered personal social media manager

*Shipping amazing products or services in AI or web3? Reach out and get featured for free to your community of over 1k readers.

SCOOPS OF THE WEEK

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