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Quick jump through the newsletter:

1. What is the best AI chatbot of 2024?

2. Introducing Claude - AI Assistant with classical appeal

3. Kaiber.ai: Trying out another video-making app, is it worth it?

4. Collectable “Like Magic AI” NFT

What is the best AI chatbot of 2024?

This question is on many people's minds, and with the growing array of AI tools available, choosing the right one for your needs is becoming increasingly challenging. Naturally, it depends on your specific requirements and your ability to articulate the tasks you want AI to perform. In a professional setting, the most suitable tools are those that align closely with your industry and cater to its unique demands.

The AI chatbot market is experiencing significant growth, with a projected market size of USD 7.01 billion in 2024, and an expected reach of USD 20.81 billion by 2029. The market is growing at a compound annual growth rate (CAGR) of 24.32% during the forecast period from 2024 to 2029.

While specific market shares for individual AI chatbots like ChatGPT, Copilot, Gemini, Claude, and others are not detailed in the search results, the overall trend indicates a booming industry with increasing demand for messaging applications and businesses adopting consumer analytics. The conversational AI market is expanding across various sectors, with significant growth in the retail sector and the Asia-Pacific region.

In the broader context, chatbots are becoming integral to customer engagement, with 67% of consumers already utilizing chatbots for quick interactions, and 86% reporting positive experiences. This widespread adoption is driven by the efficiency of chatbots in handling business-to-consumer communications, with automated assistants now managing 65% of such interactions.

Spending on chatbots is also set to soar, indicating a strong preference for AI-driven customer service solutions. As the market continues to evolve, we can expect to see more detailed statistics on the market share of individual AI chat platforms in the future. For now, the focus remains on the overall growth and adoption rates of AI chatbots in various industries.

Here’s a breakdown of approximate market shares of top chatbots and key capabilities:

1. ChatGPT (OpenAI):

   • Market Share: ChatGPT holds the largest share of the market, estimated at around 45%. Its dominance is largely due to its versatility in handling a wide range of conversational tasks, creative content generation, and robust integration within various applications, including education and business tools.

   • Key Capabilities: ChatGPT excels in natural language understanding, creative writing, coding assistance, and image generation through DALL-E integration​​.

2. Microsoft Copilot:

   • Market Share: Microsoft Copilot commands approximately 20% of the market. Its strong presence is due to its deep integration with Microsoft 365 and other productivity tools, making it a staple in many professional environments.

   • Key Capabilities: Copilot is particularly useful for real-time web search integration, coding assistance, and enhancing productivity within Microsoft’s suite of tools like Word, Excel, and PowerPoint​.

3. Gemini (Google):

   • Market Share: Google’s Gemini holds about 25% of the market. It benefits from Google’s extensive ecosystem and free access model, making it widely used for quick information retrieval and integration with Google services like Maps and Workspace. Gemini is still working on its lower capacity, and most of its features are still to be released.

   • Key Capabilities: Gemini is known for its speed, accuracy, and multimodal capabilities, including text and visual inputs. It excels in tasks requiring quick information retrieval and visual context.

4. Claude (Anthropic):

   • Market Share: Claude has a market share of roughly 10%. It is recognized for its ability to handle large documents and its focus on ethical AI practices, making it suitable for enterprise applications and tasks involving extensive document analysis.

   • Key Capabilities: Claude is praised for its large context window, ethical guidelines, and capabilities in reading, analyzing, and summarizing large documents​.

5. Other Competitors:

   • Perplexity AI: While not as prominent as the others, Perplexity AI is noted for its focus on delivering accurate, source-cited information and has emerged as a strong contender in specialized tests. It has a smaller market share but is valued in niche applications like research and knowledge-based queries. perplexity AI is still one of the rare tools that has a real-time connection to Internet data.

   • Grok (xAI): Developed by Elon Musk’s xAI, Grok is designed for entertaining conversations and has real-time access to the X network. It has a niche market presence, primarily among users seeking engaging and humorous interactions​.

These market share estimates reflect the current landscape, with each chatbot offering unique strengths tailored to different user needs. The choice ultimately depends on specific requirements, such as general conversational AI, coding assistance, quick information retrieval, or detailed document analysis.

So choose wisely and focus to become the master of AI!

Introducing Claude - AI Assistant with classical appeal

We are excited to introduce you to Claude, a powerful AI assistant created by Anthropic. Claude is a very strong competitor to ChatGPT, Copilot, and Gemini, but for some reason it isless known to our audience. Our team has thoroughly tested Claude and we are impressed by its wide range of capabilities and potential applications.

What is Claude?

Claude is an AI assistant that can help with various tasks, from writing and analysis to coding and question answering. It has an extensive knowledge base, last updated in August 2023, allowing it to provide informative and context-aware responses. Claude's ability to understand and engage in natural conversations makes it a user-friendly and efficient tool for both personal and professional use.

Key Features and Capabilities

1. Natural Language Processing: Claude excels at understanding and responding to user queries in a natural, conversational manner.

2. Extensive Knowledge Base: With a knowledge base spanning up to August 2023, Claude can provide information and insights on a wide range of topics.

3. Writing Assistance: Whether you need help with creative writing, articles, or reports, Claude can help you generate high-quality content.

4. Code Generation: Claude can help you write code in various programming languages using markdown format, making it a valuable tool for developers.

5. Image Analysis: While Claude cannot generate images, it can analyze and provide insights on images shared by users.

6. Customizable Responses: Claude adapts its response style based on the complexity of the query, providing concise answers to simple questions and more comprehensive responses to open-ended ones.

Use Cases

• Research and Analysis: Claude can help gather information and provide insights on various subjects, making it a valuable tool for researchers, students, and professionals.

• Content Creation: Utilize Claude's writing capabilities to generate articles, blog posts, product descriptions, and more.

• Programming Assistance: Developers can leverage Claude's coding knowledge to get help with debugging, code optimization, and learning new programming concepts.

• Personal Assistant: Claude can assist with daily tasks, such as answering questions, providing recommendations, and offering guidance on various topics.

Getting Started with Claude

1. Begin by greeting Claude and asking how it can assist you.

2. Provide clear and specific instructions or questions to get the most accurate and helpful responses.

3. If you want Claude to analyze an image, paste the image directly into the conversation.

4. When seeking coding help, use the markdown format to share your code snippets with Claude.

5. Remember that Claude's knowledge is based on information available up to August 2023, so keep that in mind when asking about current events or recent developments.

We believe Claude is a powerful tool that can revolutionize how you work and learn. Its versatility and user-friendly interface make it accessible to users with varying technical expertise, but it might be more appealing to older audiences. Although it can not generate images, it seems superior to other tools in analyzing images. We asked it to analyze scientific plots and extract data from PNG and TIFF files. We also asked it to analyze a JPEG image of our AI CheatSheet and to recreate data into a table. It did all of the tasks almost perfectly. What we did not like is that in a free version, you only have a few credits, and then you are asked to upgrade to the Claude Pro plan (Claude 3 Opus model) for $18/month + VAT. We would rate it as 4/5 on the LMAI scale due to the weak free program and lack of image generation.

Try Claude today and experience the benefits of having a knowledgeable AI assistant at your fingertips!

Kaiber.ai: Trying out another video-making app, is it worth it?

The popularity of videos is not decreasing, so it doesn’t come as a surprise that there are so many AI apps that help you create stunning videos for different purposes. Kaiber.ai is an AI-powered video generation platform that empowers users to create stunning visuals with minimal technical expertise.

Signing Up for Kaiber.ai:

1. Visit Kaiber's website at https://kaiber.ai/.

2. Click on the "Start Free Trial" button.

3. Enter your email address and create a password, or use your existing Google account for a quicker signup.

4. You'll be directed to your Kaiber dashboard. Explore the interface and familiarize yourself with the platform's features.

When you sign-up you get 60 coins or free credits to start exploring what Kaiber has to offer. Otherwise there are quite different options to paid versions.

Pro:

● User-friendly Interface: Kaiber boasts a clean and intuitive interface, making it accessible for both beginners and experienced creators.

● Text-to-Video Generation: Craft videos entirely from text descriptions, allowing you to express your vision without needing extensive editing skills.

● Style Customization: Choose from various art styles to match your project's theme, from classic paintings to futuristic landscapes.

● Multiple Generation Options: Kaiber offers three video generation methods – Flipbook, Motion, and Transform – catering to different creative needs.

Case scenario:

We wanted to try out what Kaiber has to offer. Firstly, we decided to try out Motion. We decided to go with pretty basics. We uploaded our logo and decided we wanted a cinematic video. And voila. Generating the video took quite some time, but the result was quite fun. It took the logo and gave it some motion. It took 30 coins, and the video can be downloaded with the Kaiber logo on it; it is 6 seconds long.  Afterward, we wanted to try something different, and that was to upload a video that we had and give it a new look. We wanted to try the transform option, so we selected samurai options and styles. We got to see the preview but did not have sufficient coins to try to the fullest. 😞😞

Cons

• Limited Control: While offering customization options, Kaiber might not provide the granular control desired by professional video editors.

• Credits: Video generation requires credits, which can be expensive for high-volume users.

Verdict

Kaiber.ai is a cool-looking tool for creating visually captivating videos. It's particularly suited for social media content creators and anyone looking to add a creative spark to their projects. However, we didn’t like the part where generating video took quite some time (there are quite faster apps available). We liked the beautiful animated images that he did but it is not something we have not seen before. The trial version is very limited, and it is hard to see the capabilities of the tools without cashing upfront. So, overall, we give it a weak 2.5/5 on the LMAI scale.

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