This is Synthetic Mind, the A.I newsletter that’s so fun that every day feels like Friday. TGIF.

Here’s how we’re closing out the week:

• 🤖 Musk’s New A.I Company

• 🛒 Shopify Brings A.I To Ecom

• ⚔️ Companies Battle Over Untapped A.I Market

Read Time: 5 min 1 sec

🤖 Musk’s New A.I Company

It’s official - Musk has launched his OpenAI competitor and in typical Musk style he’s got everyone saying one thing…

WTF?!

Let’s start from the beginning.

Back in March, Musk was seen trolling OpenAI for not being as ‘open’ and truthful about their plans for A.I.

(Fun fact - Once upon a time Musk was a co-founder of OpenAI but exited after Tesla conflicts.)

Then in April, he told us he was working on “TruthGPT” - an A.I chatbot with heavy regulation and no bias. AKA what he believes OpenAI failed to do.

After that, everything was quiet for a few months….then out of the blue Musk launched xAI (his OpenAI competitor).

But there’s one problem….. no one knows what xAI does.

Musk said, “The goal of xAI is to understand the true nature of the universe.” There was no mention of TruthGPT on the website.

Hence the “WTF?”

Here’s what we DO know:

• xAI will be heavy in research and A.I innovation. They’ve got a top-notch research team with members from OpenAI, Tesla, and Google.

• xAI will train with Twitter data. Right now companies want as much data as they can get - and Twitter has over 400 million accounts. Musk has banned public access to the data, meaning xAI will have an untapped data set.

Now, for the question of the day… should OpenAI be scared?

For the first time in a while…. YES.

Remember, this is Elon Musk we’re dealing with here. He’s worth an estimated $242.8 Billion, owns the largest producer of electric cars, and shoots rockets into space. His name means something.

Don’t forget the time he sold 30,000 bottles in less than 48 hours of his “Burnt Hair Perfume” which he described as “the essence of repugnant desire.”

People will use his products simply because his name is on it. Plus, Musk has more resources than OpenAI.

That’s all we know so far, but if you’re like us and you have questions, xAI is hosting a Twitter space discussion today which you can access HERE.

🤝 The Ultimate A.I Community

Let’s be real for a second…

A.I is f*cking confusing.

But we make it easier with Profit Snack.

Profit Snack is our tight-knit community of 50 driven and successful A.I enthusiasts you can learn from and are rooting for your success.

Find a business partner for your start-up, or hear about the next big thing in A.I.

Click here to join our community today (Limited to 4 new members)

🛒 Shopify Brings A.I To Ecom

A lot of our readers are interested in e-commerce, so if that includes you…

You’ll like what’s coming your way.

Shopify (the largest e-commerce platform) is adding an A.I “Sidekick” to every Shopify store.

Here’s the announcement:

Whoever was in charge of picking the name, deserves a raise. “Sidekick” is the best name ever.

You can play “hero” while having an all-knowing business assistant that’s available 24/7. 

Not even Chick-Fil-A customer service can match that.

Sidekick will:

• Finish tasks like adding products to your store page or marking everything on sale.

• Business consulting. You can ask the chat for insight on why your sales are down or for new product ideas.

• Redesign your store pages based on economic trends.

No official release date has been set, this is very much a sneak peak as it has yet to be introduced to most Shopify users.

We’ll keep you posted as more updates roll out.

⚔️ Companies Battle Over Untapped A.I Market

News dropped that Google has secretly been dipping its toes in the digital health field with its new A.I tool “Med-PaLM 2.”

Med-PaLM 2 is like a doctor version of the Google chat Bard.

Mayo Clinic is already using Med-PaLM 2 to answer medical questions and explain medical papers/ data to patients.

Apparently, clients are happier with Med-PaLM 2 than they are with doctors. 

In 2022, the global digital health market was estimated at $262.63 Billion, making this niche a GOLDMINE for tech companies…. if they can get their hands on it.

A.I companies accessing health records is a touchy subject, but after Covid and the A.I boom - the benefits are outweighing the costs.

Now the question is which tech giant can monopolize the untapped market the fastest.

• Google has a head start with Med-PaLM 2, which it needed as Bard struggles to keep up in the A.I Race.

• Microsoft has partnered with Epic to create a cloud space for digital healthcare records. They’re also using A.I to autofill health records and catch misdiagnoses.

• Amazon is pushing AWS For Health which is primarily a collaboration platform between healthcare professionals and patients.

The Concern: A.I is concentrated in the hands of a few companies (Microsoft, Google, Amazon, Google). So the more A.I is involved in your life, the more private information you lose to these companies.

That can become a problem later down the line with identity theft, the selling of data, and fraud.

🔦 Reader’s Spotlight

We sure do talk a lot in these newsletters, but now we want to hear about YOU.

If you have a cool A.I story, tool, business, or you just love A.I as much as we do….

(seriously ANYTHING goes)

We’re all ears.

If we love it, we’ll put you in our newsletter in this very spot.

It’s a crazy world in the wild west of A.I, and getting to know a friend or two goes a long way.