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AI adoption among workers may be slowing, but the AI infrastructure and chip industry are surging forward—even the Vatican is embracing AI. We dive into what Gen Z’s top downloaded apps reveal about their preferences and share financial tools you can start using today. Lets go.

• Amazon Challenges Nvidia with New AI Chips.

• AI Adoption Slows Among U.S. Workers.

• Top Apps Gen Z Downloaded in 2024.

• 🧰 AI Tools (Financial Tools)

• 📰 News and Trends.

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Amazon Challenges Nvidia with New AI Chips.

Amazon’s Annapurna Labs will launch its Trainium 2 AI chip in December, aiming to reduce dependence on Nvidia and lower AWS customer costs by up to 40%. Already used by companies like Anthropic and Databricks, Trainium 2 reflects Amazon’s $75 billion investment in tech infrastructure for 2024.

While Nvidia dominates the AI chip market, Amazon’s tailored, cost-effective chips offer a competitive alternative, signaling a shift in AI infrastructure.

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AI Adoption Slows Among U.S. Workers.

AI usage at work in the U.S. has stalled, with 33% of workers reporting AI adoption—a marginal 1% increase over three months. Globally, AI use grew modestly from 32% to 36%.

Nearly half of workers worldwide are hesitant to disclose AI usage to managers, fearing perceptions of laziness or incompetence. Slack emphasizes the need for leaders to provide training and foster open experimentation to encourage AI adoption.

🧰 AI Tools

Financial Tools.

• IntuitAn AI-driven financial assistant integrated into Intuit's suite of products, including QuickBooks and TurboTax. It offers personalized financial recommendations, automates routine tasks, and provides real-time insights to help small businesses and individuals manage their finances more effectively.

• Vic.ai G2 An advanced AI-powered accounting tool that automates accounts payable processes. By leveraging sophisticated machine learning algorithms, Vic.ai streamlines invoice processing, reduces errors, and enhances efficiency in financial operations.

• DatarailsA financial planning and analysis platform designed for Excel users. It provides an AI-powered FP&A platform that preserves the flexibility and familiarity of Excel spreadsheets while automating data consolidation, reporting, and planning tasks.

• Morning DoughAn AI-powered bookkeeping and accounting platform tailored for startups and small businesses. Zeni automates financial processes, offers real-time insights, and provides services like tax preparation and financial planning, allowing businesses to focus on growth.

• StampliAn AI-driven solution for invoice processing, boasting high accuracy rates and employing sophisticated machine learning algorithms. Stampli automates invoice capture and coding, integrates with various accounting systems, and enhances collaboration among finance teams.

Top Apps Gen Z Downloaded in 2024.

Gen Z, the “mobile-first generation,” significantly shapes app trends, accounting for 40% of global mobile users. According to Appfigures, these were the most downloaded apps by U.S. Gen Z young adults (18-24) this year:

• E-commerce: Temu topped the list with 41.98M downloads, far surpassing Shein’s 14.68M.

• Social Media: TikTok (33.23M) and Threads (32.32M) led the way, followed by Instagram (26.29M), Snapchat (19.16M), and Facebook (20.58M).

• AI and Education: ChatGPT had 24.63M installs, while AI study app Gauth gained 8.37M.

• Streaming: Netflix (15.67M), Prime Video (12.86M), and Disney+ (11.68M) were favorites.

• Tools: CapCut (21.72M) and Spotify (10.45M) highlighted Gen Z’s creativity and love for music.

• Payment Apps: PayPal (13.92M) and Venmo (7.8M) dominated the finance space.

This data reflects Gen Z’s preferences for affordable shopping, creative tools, and AI-powered solutions.

📰 AI News and Trends

• Microsoft and the Vatican unveiled AI collaboration to manage tourists flow and restoration efforts (FC)

• YouTube is testing a feature that lets select creators remix songs using AI (TC)

• Perplexity Introduces Ads to Boost Revenue amid regulation pressures (TC)

• Salesforce Inc. plans to hire more than 1,000 workers to sell its new generative AI agent product (Yahoo)

• Baidu announces its own pair of AI smart glasses (Engadget)

🌐 Other Tech news

• Bitcoin (BTC) just hit an all time high of $92,786. This is an increase of +41.65% since last month.

• Elon Musk and Vivek Ramaswamy will lead new ‘Department of Government Efficiency’ in Trump administration (CNN)

• Volkswagen increased its investment in EV maker Rivian to $5.8 billion as both companies attempt “to rescue each other,” as The Wall Street Journal put it (WSJ)

• Bluesky adds 700,000 new users in a week - A ‘majority' of the new users are from the US, indicating that people are searching for a new platform as an alternative to X (TheVerge)