This tool helps you use AI to achieve your goals
Plus: AI photoshopping is about to get too easy
A weekly newsletter that highlights new and innovative AI products that are worth exploring.
Earlier this week I took every shareholder letter from Warren Buffett's Berkshire Hathaway since 1977 (848 pages in total) and put them into a chatbot. It took 20 minutes and didn’t require any coding. You can chat with the “What Would Warren Do” bot and read about how I built it over at this link.
Now, onto this week’s issue where I cover:
How to create strategies that help you achieve your goals with my product of the week
A free and simple to use AI meeting notes app
A tool to help product teams build the right features
Plus, a recommended read on how AI photoshopping is about to get too easy
PRODUCT OF THE WEEK
After testing dozens of new AI products this week. Here’s my top pick.
Fulcrum: Use AI to create strategy documents so that you can achieve your goals.
Start with a goal and Fulcrum's AI helps you create visual project summaries, strategy documents, business cases, and presentation outlines in minutes.
I've been playing around with it to create strategy documents for various goals (eg. “create an online business that generates passive income”) and it's a super useful product.
While, yes, I could use ChatGPT to generate a basic strategy document, what I like about Fulcrum is that it gives me a visual “workmap” that outlines all of the components of the strategy, lets me go in a tweak them, and (the best part) assign or delegate different parts of the strategy to team members. Once you are done tweaking the workmap, it will create an outline, action plan, and executive summary. This all results in something that is much more useful than ChatGPT.
One more neat feature is that you can create business strategies using battle tested frameworks such as McKinsey 7S, Objectives and Key Results, RACI/DACI, and more.
Here’s a 5 minute video of me using Fulcrum to create a strategy to help me create an online business that generates passive income:
Two more AI products that are worth your time.
Wudpecker: A free AI meeting notes app with action items. I know, I know, another AI meeting notes app. But I'm highlighting Wudpecker (pronounced Woodpecker) for two reasons. First, it's free. Although they plan to eventually add a pro version for larger customers to gain insights across all of their meetings, individual accounts are free. Second, it's platform agnostic - just invite Wudpecker to your meeting and it does the rest. Wudpecker provides pre-built templates for meeting preparation, automatically records and transcribes meetings on platforms like Zoom or Google Meet, and uses ChatGPT to generate concise meeting summaries. Designed for various roles including sales, customer success, and marketing, Wudpecker aims to streamline workflows and improve collaboration.
Zeda.io: An AI-powered product discovery and strategy platform. Having been a product manager for a decade, tools that help product teams be more effective are near and dear to my heart. Zeda 2.0 is integrating AI into its platform in some cool ways. My favorite feature is how it leverages AI to not only track and consolidate customer feedback, but also help you decide what to build next. By segmenting feedback based on the number of customers impacted and revenue implications, Zeda 2.0 ensures that you're listening to the right feedback. Additionally, it allows you to tie impact metrics back into your product strategy, demonstrating its effectiveness or identifying areas for improvement – a crucial aspect of product development.
OTHER AI THINGS HAPPENED
Some other notable news and product launches from this week.
Microsoft held its Build 2023 Conference this week, with AI taking the spotlight. As Ben Thompson points out, "Silicon Valley needs to rediscover its Microsoft fear." Microsoft is swiftly integrating AI into all its applications, resulting in the creation of a more potent AI agent. By doing so, they are creating a moat that will lock-in customers, since your AI agent will become more powerful as you move more of your workflows to Microsoft products and put them into the so-called "Microsoft Graph.” Here’s the Build Conference TL;DR:
Microsoft is integrating their Copilot AI into everything! Windows 11 will now have an AI agent that can execute tasks across the entire suite of Microsoft products. Watch the slick 1:22 demo.
Microsoft expanded its AI copilot ecosystem, introducing tools to help developers build their own copilots and AI applications, with new plugins for interoperability.
OpenAI will be using Bing to provide live web browsing within ChatGPT.
Character.AI, which recently raised $150m launched its iOS and Android apps this weeks. They’ve gained a lot of popularity over the past year despite critiques from users that Character.AI has implemented too many safeguards.
On Tuesday, Nvidia — one of the largest chipmakers in the world — had their earning’s report and it sent their stock soaring 25% in after hours trading as it became clear that the AI boom is fueling chip demand. AI is also boosting the stock prices of other companies like Microsoft and Google.
Anthropic, a generative AI startup founded by OpenAI veterans, raised $450 million in a Series C funding round led by Spark Capital to build next-gen AI assistants. 💸💸💸
Two weeks ago I shared how Google was testing generative AI answers in their search results, called “AI snapshots.” I stated the obvious, surmising that they wouldn’t roll it out broadly until they figured out how to put ads in it. Welp, on Tuesday Google confirmed that they are experimenting with how to show ads in their “AI snapshots.” Yippee
The U.S. National Science Foundation — an independent federal agency that supports science and engineering — announced a $140 million investment to establish seven new National Artificial Intelligence Research Institutes, focusing on ethical AI, cybersecurity, climate solutions, brain research, education, and public health. Great to see this public investment in AI.
“The reports of my death are greatly exaggerated – Adobe Photoshop” (source). Adobe Firefly released their “Generative Fill” feature to beta users and it’s genuinely crazy to watch how quickly a photo can altered:
Generative Fill, a new superpower integrated throughout Photoshop, launching in beta today.
Powered by Firefly, our generative AI family of models, Photoshop now let’s you summon new objects and augment creations layer by layer. Saves time, increases possibility, and pretty 🤯
— scott belsky (@scottbelsky)
May 23, 2023
WHAT I'M READING
If you only read one thing this week let it be this.
A.I. Photoshopping Is About to Get Very Easy. Maybe Too Easy. by Farhad Manjoo
"Photoshop is the granddaddy of image-editing apps, the O.G. of our airbrushed, Facetuned media ecosystem and a product so enmeshed in the culture that it’s a verb, an adjective and a frequent lament of rappers. Photoshop is also widely used. More than 30 years since the first version was released, professional photographers, graphic designers and other visual artists the world over reach for the app to edit much of the imagery you see online, in print and on billboards, bus stops, posters, product packaging and anything else the light touches. So what does it mean that Photoshop is diving into generative artificial intelligence — that a just-released beta feature called Generative Fill will allow you to photorealistically render just about any imagery you ask of it?..." NEW YORK TIMES
Until next week!
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