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How investors can profit from the AI boom

08/17/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

The rapid development of artificial intelligence (AI) has triggered a veritable boom in recent years and created a multitude of opportunities for investors. From self-driving cars to personalized medicine, AI is permeating nearly every sector and promises profound changes in the way we live, work and invest. In this article, we'll explore how investors can profit from the AI boom and what strategies can help make the most of the opportunities in this emerging market.

1. Understanding the AI Market

Before investors dive into the AI market, it is critical to develop a basic understanding of artificial intelligence and its various applications. AI encompasses technologies such as machine learning, neural networks and deep learning, which are used to identify patterns in large amounts of data and make predictions. Investors should familiarize themselves with the various AI subfields to identify which companies and technologies have the greatest potential.

2. Diversify investments

The AI market is diverse and spans a wide range of industries - from healthcare and finance to entertainment and agriculture. Investors should diversify their portfolios to take advantage of opportunities in different sectors while spreading risk. A mix of established AI companies and emerging startups can help maximize the potential for growth and innovation.

3. Identifying promising companies

Identifying promising companies in the AI space requires thorough research. Investors should evaluate a company's financial stability, management team, technological expertise, and past successes. Startups with innovative approaches could be the next big thing, while established tech giants are already integrating advanced AI solutions into their offerings.

4. Long-term perspective

The AI boom is not a short-term phenomenon, but a long-term trend that will last for many years. Investors should therefore take a long-term perspective and be patient. AI technologies often take time to reach full maturity and find market acceptance. Long-term investments can allow one to benefit from the gradual adoption and growth of AI.

5. Opportunities in data collection and processing

KI is heavily dependent on high-quality data. Investors could invest in companies that specialize in data collection, data processing and data analytics. These companies play an essential role in providing clean and relevant data, which is the foundation for successful AI applications.

6. Education and Networking

The AI market is constantly evolving, and investors should continually stay informed about the latest developments and trends. Educational events, conferences, and online resources can help keep knowledge of the AI sector up to date. Additionally, connecting with experts and industry insiders can provide valuable insights and potential investment opportunities.

Conclusion

The AI boom offers investors a wealth of opportunities to profit from the profound changes this transformative technology is bringing to various industries. A sound understanding of the AI market, smart diversification, thorough company selection, a long-term perspective, and exposure to data-related issues are key factors to best benefit from the AI boom. With careful research, patience, and a willingness to learn approach, investors can successfully capitalize on the emerging opportunities in the AI market.

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ChatGPT soon bankrupt? Cost explosion due to high energy costs

08/15/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Experts warn that OpenAI is at risk of bankruptcy due to the high fixed costs for the chatbot ChatGPT. The company's user numbers plummeted in the summer. CEO Sam Altman had already pointed out the chatbot's high operating costs in December 2022, which have risen to $700,000 a day. Despite these costs, the chatbot is not yet profitable.

OpenAI's losses doubled to $540 million in May 2023. A Microsoft investment of ten billion dollars is helping to stabilize the situation for now. However, it is unclear how long this financial support will last.

In addition, OpenAI is suffering from a decline in user numbers. Chatbot ChatGPT saw a twelve percent drop in users within a month. The number of users dropped from 1.7 billion in June to 1.5 billion in July, according to SimilarWeb.

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How a Rostock-based AI startup is revolutionizing the world of PR

08/11/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

In recent years, advancing technology developments have fundamentally changed a wide range of industries, and the world of public relations (PR) is no exception. An up-and-coming AI startup from Rostock, Germany, has set out to revolutionize the way PR is done. This company has managed to use innovative AI technologies to maximize the efficiency, accuracy, and reach of PR campaigns.

The AI startup: a Rostock pioneer

The startup, known as "FDS," was founded in 2019 by a group of talented researchers and technology enthusiasts in Rostock, Germany. From the beginning, their goal was clear: harness the power of artificial intelligence to transform the traditional world of PR. The team consisted of experts in machine learning, natural language processing and data analytics - the perfect combination to develop a breakthrough solution.

Artificial intelligence as a game changer in PR

Traditional PR often involves time-consuming tasks such as manually creating press releases, identifying relevant media contacts and analyzing coverage. This is where "FDS" comes in: Using advanced AI technology, they have developed a platform that enables automated PR campaigns.

The platform uses AI algorithms to search news sources and gather relevant information. It can detect trends in news coverage, identify keywords, and even analyze the sentiment of the coverage. This allows PR professionals to create more targeted and effective messages and precisely target their audience.

Efficiency, accuracy and reach

Implementing AI in PR strategies has several benefits. First, it significantly increases efficiency. Tasks that used to take hours or even days can now be completed in minutes. This allows PR teams to focus on strategic planning and creative content.

The accuracy of the information provided by the platform is also a big win. AI is able to analyze large amounts of data in a short amount of time and identify patterns, minimizing human error and enabling more informed decision-making.

Not least, AI-powered PR expands the reach of messages. By identifying relevant journalists and media contacts, the platform can ensure that information reaches exactly those most likely to use it.

Future prospects

FDS, based in Rostock, Germany, has already attracted attention in the industry and won some high-profile clients. The platform has the potential to fundamentally change PR practices and help companies spread their messages more effectively. The innovative power of this Rostock-based startup shows that the combination of AI and PR has a promising future.

At a time when information flows fast and competition is more intense than ever, the interplay between human expertise and AI support is becoming increasingly relevant. FDS could be just the beginning in terms of how AI will continue to turn the PR landscape on its head in the years to come.

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People brands: How to position yourself as a brand

08/11/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

In today's world, it's more important than ever to position yourself as a brand. Especially for people who are in the public eye, such as artists, influencers or entrepreneurs, it is of great importance to build a strong personal brand. Here are some reasons why person brands are so important:

Differentiate yourself from competitors

A strong person brand helps you stand out from your competitors. There are many people who have similar talents or skills as you. When you build a strong person brand, you can ensure that you stand out from the competition and attract potential customers or fans to you.

Build trust

A strong persona brand can help build trust with your customers or fans. By positioning yourself as a brand, you can clearly communicate your values and beliefs, which will help you connect with your target audience. People buy from people they like and trust.

Add value

A strong personal brand can help increase your value. When you're known as a brand, you increase your chances of being noticed by the public, which can lead to more customers or fans. A strong personal brand can also help you charge higher prices for your services or products.

Career opportunities

A strong person brand can also help you create or expand career opportunities. When you are known as a brand, you increase your chances of being discovered and approached by companies or other influencers. A strong person brand can also help you be seen as an expert in your field.

How do I build a strong personal brand?

Building a strong person brand takes time, patience and hard work. Here are some steps you can take to build your person brand:

Define your goals and values: Think about what goals you want to achieve and what values are important to you. This information should be clearly communicated in your brand.

Create an engaging online presence: A strong online presence is essential to be perceived as a brand. Create a website or blog and use social media to spread your message.

Be authentic: A strong personal brand is based on authenticity. Be honest and open with your customers or fans and stick to your values and beliefs.

Build a community: A strong persona brand requires a loyal fan base. Use social media and other platforms to build a community and connect with your customers or fans.

Provide value: A strong personal brand provides value to its customers or fans. Think about how you can add value to your target audience through your services, products or content. Conclusion

A strong person brand can be of great importance to many people, especially those who are in the public eye. A well-built persona brand can help you stand out from the competition, build trust with customers or fans, and increase value. If you want to build a strong persona brand, you should define your goals and values, create an engaging online presence, be authentic, build a community, and provide value. With hard work, patience and a smart strategy, you can build a successful personal brand.

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How to effectively use PR for startups?

08/02/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Public relations (PR) can be extremely valuable for startups to increase their visibility, build their brand and reach out to potential customers, investors and partners. Here are some effective ways to use PR for startups:

Define your target audience: identify exactly who you want to reach with your PR. This will help you develop targeted messages and communication strategies.

Create a story: startups often have a unique founding story or innovative products and solutions. Find the "storytelling" aspect of your startup and develop a compelling narrative that will generate interest.

Publish press releases: write professional press releases to share important announcements such as new products, partnerships, funding rounds or awards. Distribute them to relevant media outlets to attract attention.

Build relationships with journalists: Identify journalists and influencers in your industry and build relationships with them. Offer them relevant information, expert knowledge, or exclusive insights to capture their attention.

Use social media: use platforms such as Twitter, LinkedIn and Facebook to share your messages, interact with your target audience and build your brand. Also, conduct influencer collaborations to expand your reach

Write guest posts and technical articles: Offer to write guest posts and technical articles in industry publications or on relevant blogs. This increases your credibility and visibility as an expert in your field.

Networking and Events: Attend industry events, conferences and meetups to expand your network. Be active in relevant discussions and connect with potential partners, investors, and journalists.

Customer References and Case Studies: Collect positive customer references and create powerful case studies that demonstrate your performance and the added value of your startup. These can be used in PR materials and on your website.

Awards and accolades: Apply for industry-specific awards and competitions. An award can increase your startup's credibility and lead to positive news coverage.

Crisis communications: prepare for potential crisis situations and develop a communications plan to respond appropriately to potential negative events or criticism.

It is important to plan PR efforts strategically and evaluate them regularly to ensure they meet your startup's goals. A combination of different.

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