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Good morning. While Monterey's Car Week showcases the world's most glamorous vehicles, Cornwall's AI camera is hosting its own car show, starring unsuspecting drivers. It's like "America's Funniest Home Videos" for traffic violations, and the tickets are the autographs

In today’s newsletter:

• 🕒 Is AI Going to Kill the Hourly Wage? A Paradox of Efficiency and Earnings

• 📸 AI Watching You Drive? Cornwall's Intelligent System Catches Violations

• 🛠️ Arthur Unveils Open Source Tool: Finding the Perfect LLM Simplified

• 📷 PhotoDater: AI's Time Travel Unlocks Secrets of Historical Photos

• 📝 Otter.ai Joins Slack: Revolutionizing Meetings with AI-Driven Insights

• 🇨🇳 China's Tencent Unveils Hunyuan: A Bold Step in Global AI Supremacy Race

 NEWS

Is AI Going to Kill the Hourly Wage?

In a study by the USC Annenberg Center, 88% of PR leaders believe AI will positively impact the speed and efficiency of tasks, and 72% say it will help reduce workloads. This sounds super exciting for lawyers, consultants, and PR folks who usually charge by the hour…right?

Let's talk about how lawyers, for example, usually charge by the hour. Imagine an attorney working on a legal case. Under the traditional hourly business model, they bill clients for every hour spent on research, meetings, court appearances, and so on. The more hours they log, the more they earn. It's a system that can sometimes incentivize taking longer on tasks, as more hours mean more revenue. Now, what if AI comes into play and helps them get things done faster and smarter? Instead of charging for time, they might start charging for the actual value delivered.

But here's where it gets tricky…

Clients might love the new approach because they're paying for results, not hours. But, attorneys and other charge-by-hour professionals may begin to scratch their heads because the faster they work, the less they earn. It's a paradox; the current model rewards taking time, while AI encourages efficiency. In 2022, the average PR person billed over $400K a year. With AI, the number of billable hours could change a lot, potentially reducing earnings.

Firms may drag their feet in adopting AI because it messes with their revenue model. The traditional model is simple: more hours equals more money. But their clients might just go ahead and use AI themselves. So, agencies will have to offer something more valuable than just time. They'll have to come up with killer strategies and guidance. It's not just about cranking out press releases anymore; it's about delivering real value. This shift from time-based to value-based billing leads to an even bigger change.

@justinfineberg

You should still consult a real lawyer, but this definitely helps you move quicker… #gpt4 #ai #lawyers #legal #openai

The bottom line is that AI is turning the traditional hourly billing model on its head. It's pushing businesses to think about what they're really offering and how they're making money. Instead of being rewarded for taking longer, they'll need to focus on efficiency and quality. It's not just about working faster; it's about working smarter and focusing on what really matters. It's a whole new ball game, and it's going to be fascinating to see how it all plays out. So, what do you think?

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NEWS

AI Watching You Drive?

The city of Cornwall in the UK now has a camera on the side of the road, watching every car that passes by, catching people using their phones or not wearing seatbelts. It's not just a camera, though; it's an intelligent system that can analyze images and spot violations. In just three days, it caught almost 300 drivers. Can you believe it?

What does this really mean for the average driver? Imagine you're cruising down the highway maybe glancing at your phone, and suddenly—flash! The camera's caught you. You might not even notice it, but that one moment is frozen in time, and soon enough, a letter arrives at your door. It's like a scene from a thriller, where the unsuspecting character gets caught in a web they never saw coming. It's a game-changer, my friend, and it's happening right now.

This isn't just about catching people breaking the law; it's a major milestone in how we manage traffic and keep our roads safe. Think about it: human officers can't be everywhere, but this AI system can monitor multiple locations, working tirelessly day and night. It's like having a superhero on the roads, fighting for justice and safety. And the best part? It's just the beginning. Who knows what else this technology could do in the future?

Now, let's talk money. This is a smart investment for cities. Imagine all the resources saved by automating traffic monitoring, and think about the fines collected from those violations. That's extra cash for the city, money that can be used for better roads, schools, parks—you name it! It's like hitting the jackpot, but for the whole community. This AI camera system is a symbol of progress and a glimpse into a future where technology makes our lives better in ways we can't even imagine yet.

In Wednesday’s edition, we had two images of ants. The voting was very close with Image 2 taking the win with 50.25% of the votes. However, the real image was image 1. Congrats to all those that chose correctly!

The real or AI game is relatively new to the Deep View and it’s something that we’d love to continue doing. While we as creators enjoy the game, we also want to make sure that you all enjoy the section as well. It would be much appreciated if you could take the time to select how you feel about the Real or AI section in our newsletter.

-Thank you

🛠️ Arthur Unveils Open Source Tool: Finding the Perfect LLM Simplified

📷 PhotoDater: AI's Time Travel Unlocks Secrets of Historical Photos

📝 Otter.ai Joins Slack: Revolutionizing Meetings with AI-Driven Insights

🇨🇳 China's Tencent Unveils Hunyuan: A Bold Step in Global AI Supremacy Race

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