This is Synthetic Mind, your A.I junkie with all the insider tips and tricks for staying ahead of A.I.

It’s Thursday. Let’s get to it: 

• 🦾 Robotics Get $9M Push

• 💰 Investors Say NOT To Invest In A.I

• 💻 Create A Website With A.I

Read Time: 4 min 6 sec

🦾 Robotics Get $9M Push

We’ve talked a little bit about Figure - the robotics company trying to replace the entire global workforce with humanoid robots.

Yes, you read that right. Figure wants every job in the world replaced by bots (even yours).

Last week a couple of investors took a peek into Figure and what they’re doing. By the end of the meeting, they’d invested over $9 million into the company.

Let’s take a look at why.

In March 2023 figure showcased their first humanoid robot “Figure 01.”

A few weeks ago Figure 01 took its first steps - making Figure the fastest-growing robotics company….ever.

Now companies are flooding in on all sides trying to get in early while the company is still young.

The most recent: Intel investing $9 million to help fast-track the release of Figure 01.

Now the question is.. what’s next?

Figure is a company of few words (we never know what’s going on), but we do know they plan to release Figure 01 sometime in early 2024.

This would mark the first commercialized humanoid robot ready for work.

But with Intel’s hefty new investment, they’ve hinted that timeline will be moved up by a few months.

Also, if you’re into all things robotics, here are a few others to keep an eye sensor out for:

• In Australia, NASA is testing its first humanoid robot “Valkyrie” for space missions.

• The 1x robot “EVE” is now employed as the first humanoid security guard

• A while back, Boston Dynamics showcased “Atlas” and its parkour moves (shown below)

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💰 Investors Say NOT To Invest In A.I

Well folks, turns out the good ‘ol days might be coming to an end as investors deliver some bad weather on the market horizon…

Over the last few months, we’ve been on an ‘A.I high’ with new updates coming our left and right as investors buy into any new A.I company they could find…

But this week, investors like the CEO of Stability AI are singing a different tune, saying this may be the “biggest bubble of all time.”

Meaning they think too much money is going into A.I startups and soon, the market will crash as A.I fails to deliver on its promises. 

Remember the Google Bard catastrophe? Before Bard was released investors were BEGGING Google to let them in on the deal….

Then when Bard tanked its presentation because it was released too early, investors took their money and ran - costing Google $100 Billion.

So kinda like that, but instead everyone loses money.

Now for the burning question: Is it true??

Well….

Back in the early 2000s we hit what’s known as the ‘dot.com bubble’. This was when investors threw millions into internet startups. Then as more and more startups started to saturate the market… the bubble popped.

Just like the dot.com bubble, the number of A.I companies is growing, and it’s growing fast. One investor predicts that 85% of A.I business will crash and burn within the next 3 years.

Yikes.

And right now A.I chat usage is sinking across the world…

But here’s my take: A.I is here, and it’s here to stay. Yes, we’ll see a bubble but it won’t hit us as hard as the dot.com bubble did. Why?

Compared to the dot.com bubble, A.I companies have better margins and have been growing at a steadier pace.

So if you ask me, tough times are a-comin’, but we’ve seen worse.

💻 Create A Website With A.I

We talk a lot about ‘text-to-image or “text'-to-video” but we’ve been sleepin’ on one of the best A.I tools out there…

Text-to-website. It’s like Midjourney but instead of creating photos, it creates an entire website.

This week one of the top A.I website generators ‘Wix’ has made some big moves worth knowing.

There were a lot of updates (I’m talking 20+). Here are my top 5 in order:

1. Auto-generated trailer. Turns video files into trailers. Submit a few product videos and it will create a movie-style trailer for your landing page. Whew no more imovie headaches.

2. Creates custom domains - Wix will give a few catchy domain options that people can actually remember (although 4/10 times it’s not available but hey, you can’t win them all)

3. A.I Business Manager (coming soon) - Think Microsoft Copilot but for your website. You’ll be able to ask things like customer engagement stats and new ideas.

4. Multiple page and section creation (coming soon) - Right now Wix only creates landing pages. Soon, you’ll have a navigation bar up top to switch between pages.

5. A.I image generator. Wix is using OpenAI products for ‘in-house’ image creation.

Wix can’t format the website for Google SEO, website speed, or optimize for engagement.

So if you’re a website developer don’t freak out - you’re not out of business quite yet.