Top AI News, Trending AI Tools, and Automation Tip of the Day:

ChatGPT Surges to 3.7 Billion Visits in October with 115% Year-Over-Year Growth

In a remarkable display of digital dominance, ChatGPT has now become a powerhouse in the AI sector, amassing an astonishing 3.7 billion visits in October. This surge marks a 115.9% increase in user engagement from the previous year, according to data from Similarweb.

The AI platform's growth trajectory has not only continued but accelerated, with a 17.2% increase in visits from September to October, despite the transition to a new domain, chatgpt.com, which occurred in April 2024. This change has evidently not hindered but rather fueled its popularity, showcasing the robustness of its user base and the effectiveness of OpenAI's strategic updates.

ChatGPT's growth isn't just numerical; its mobile application has also seen a 19% uptick in daily active users in the US, suggesting a broadening of its reach beyond just desktop users. This expansion comes at a time when competitors like Google's NotebookLM are also experiencing significant growth, albeit not at the scale of ChatGPT. NotebookLM, for instance, saw its visits skyrocket to 31.5 million in October, thanks in part to innovative features like AI-driven podcasting.

This news also reflects a broader trend where AI services are seeing steady, if not explosive, user growth. Despite challenges with accuracy and misinformation in AI-driven search functionalities, platforms like Perplexity, and even ChatGPT with its new search capabilities, are pushing forward, reshaping how users interact with information online.

The conversation around AI continues to evolve, with ChatGPT at the forefront, not just as a conversational tool but as a significant player in the landscape of digital information access and processing.

Google's Vids AI Video Maker Expands Access to Most Workspace Tiers

Google has recently enhanced its Google Workspace suite by rolling out its AI-powered video creation application, Google Vids, to a broader range of its Workspace tiers. Initially previewed at Google Cloud Next 2024 in April, this tool harnesses Google's AI model, Gemini, to facilitate the creation of professional-grade videos for business and marketing from text prompts and Google Drive documents.

Here's how Google Vids is transforming video production:

• AI-Driven Content Creation: Users can initiate video projects with simple text inputs, where Gemini helps generate a storyboard, suggests scripts, and even integrates media like stock videos or user-uploaded content to create dynamic videos.

• Versatile Templates: Google Vids provides templates for various purposes, allowing users to quickly start their video projects. This feature is particularly beneficial for those in marketing, training, or sales presentations.

• Real-Time Collaboration: As part of Google Workspace, Vids supports real-time collaboration, enabling teams to work together on video content just as they would on documents or spreadsheets, enhancing teamwork and productivity.

• User-Friendly Interface: Designed to be accessible, Google Vids doesn't require users to be video editing experts. The tool simplifies the process, making it possible for anyone to create videos for professional use.

This rollout marks a significant step in making video content creation more accessible within the corporate environment. Previously, access was limited to those with Gemini for Google Workspace subscriptions, but now, users across Business Standard, Business Plus, Enterprise tiers, and Education Plus, along with Gemini add-on customers, can utilize this tool.

AD

Want to get more clients from AI-powered email campaigns? Try Instantly today! Find, contact, and close your new ideal clients faster. Click HERE for a FREE trial!

Other AI News Today

The top AI news for today, based on current information includes:

• OpenAI's Orion Model: There's discussion around OpenAI's new Orion model, suggesting a slower pace in the advancement of GPT technologies. This could indicate that we might be approaching a point where performance across different AI models becomes more uniform.

• X Testing Free Version of AI Chatbot Grok: X (formerly known as Twitter) is reportedly testing a free version of their AI chatbot named Grok, which could broaden access to AI conversational tools.

• AI Industry Developments: Several advancements and shifts in focus within the AI industry have been highlighted, including:

  • A potential plateau in traditional large language model scaling, leading to a shift towards enhancing reasoning capabilities.

  • Innovations in visual token processing with frameworks like MoNE for more efficient resource allocation.

  • Adobe Firefly's use in redesigning Barbie packaging, showcasing practical applications of AI in design.

These updates reflect current trends in AI development, focusing on both technological advancements and their applications in real-world scenarios.

Trending AI Tools

• PaperGen - Generate well-structured long-form papers with fully referenced citations and built-in AI detection.

• FullContext - Effortlessly engage, qualify, and demo leads using the first unified AI-powered chatbot with interactive product tours and demos.

• FyxerAI - Organizes your inbox, drafts extraordinary emails in your tone of voice, and writes better-than-human meeting notes.

• Zappit AI - Use squads of AI agents specifically trained to fix technical errors and generate high-ranking content.

• PowerMode AI -This AI-driven presentation tool swiftly helps users craft professional pitch decks by answering simple prompts.

• FusionOS.ai:-It's an AI-powered Marketing Operating System that streamlines campaign creation by generating briefs, ad designs, and complete creatives in seconds.

• Copymatic AI - It's a powerful AI content writer that generates unique, SEO-optimized content for blogs, websites, and social media in seconds.

AD

Meet Sumo - an AI employee to create content, research, market, and more for you inside the SumoGrowth AI Studio. Click HERE to try it out for FREE today!

Automation Tip of the Day

Implementing AI-Powered Bots for Automating Accounts Payable (AP) Processes

Benefits of AI Bots in AP Automation:

1. Invoice Processing:

   • Data Extraction and Entry: AI bots use advanced Optical Character Recognition (OCR) and machine learning to automatically extract data from invoices, whether they are physical, scanned, or digital. This reduces the need for manual data entry, which is prone to errors and time-consuming. The bots can identify key details like invoice numbers, dates, amounts, and vendor information, ensuring accuracy and compliance.

   • Validation and Matching: AI can match invoices against purchase orders and delivery receipts to ensure they are correct before processing. This includes three-way matching, where the invoice, purchase order, and receipt of goods/services are compared. AI algorithms can quickly flag discrepancies, which helps in preventing overpayments or fraudulent activities.

2. Payment Scheduling:

   • Automated Reminders and Scheduling: AI bots can schedule payments based on due dates, early payment discounts, or company policy. They can send reminders for upcoming payments, manage cash flow by timing payments to optimize liquidity, and even execute payments when integrated with payment systems.

   • Vendor Communication: Bots can communicate with vendors regarding payment statuses, inquiries, or discrepancies, enhancing vendor relationships by ensuring timely and transparent communication.

3. Reconciliation:

   • Automated Reconciliation: By automatically matching invoices with bank statements or accounting entries, AI reduces the reconciliation time significantly. This not only speeds up the process but also improves accuracy, reducing the need for manual review.

4. Error Reduction and Compliance:

   • AI bots reduce human errors by automating repetitive tasks. They also help in maintaining compliance with internal policies and external regulations by applying predefined rules during invoice processing and approval workflows.

5. Strategic Focus:

   • By handling routine tasks, AI allows AP staff to shift focus towards more strategic activities like vendor analysis, spend management, and financial strategy formulation. This can lead to better decision-making regarding cost savings, supplier relationships, and cash flow management.

Implementation Considerations:

• Integration with Existing Systems: For AI bots to be effective, they must integrate seamlessly with your current ERP systems or other financial software. This ensures data flows directly into the accounting system without manual intervention.

• Customization and Scalability: AI solutions should be customizable to fit specific business processes and scalable as the company grows or as the volume of transactions increases.

• User Adoption: The introduction of AI bots requires change management. Training and support for the AP team are crucial to ensure they understand how to work alongside AI systems.

• Security and Fraud Detection: Implementing AI also means enhancing security measures. AI can play a role in detecting anomalies or potential fraud by analyzing patterns in invoice data and payment behaviors.

• Continuous Learning: The AI should be designed to learn from past transactions, improving its efficiency and accuracy over time with minimal human intervention.

Real-World Adoption:

• Posts on X highlight how businesses adopting AI bots for AP processes have experienced significant productivity boosts. They report faster processing times, reduced operational costs, and the ability to scale without proportional increases in staffing or errors.

• Companies like Bautomate provide solutions that not only automate these tasks but also offer insights through analytics, helping businesses to further refine their AP strategies.

By leveraging AI in accounts payable, organizations can transform a traditionally labor-intensive department into a more strategic part of the business, using technology to drive efficiency, accuracy, and better financial management.

Podcast:

Want to listen to our newsletter on the go? Click HERE

Want to advertise to our newsletter? Contact us at [email protected]

Cheers,

Darius @ SumoGrowth