Hello, AI Enthusiasts.
It’s Friday, and we’re here to help you finish the week strong!
From exciting updates to interesting reads, we’ve got you covered as you head into the weekend. 🥳
We hope you find something you love in this week’s newsletter. Feel free to comment or share your thoughts on your socials—we’d love to hear from you!
Here's another crazy day in AI:
GPT-4o Mini: Power in a Compact Package
Fei-Fei Li’s new startup hits $1 billion valuation
The Challenge of Selling AI to Consumers
Some AI tools to try out
TODAY'S FEATURED ITEM: OpenAI Drops GPT-4o Mini
OpenAI's GPT-4o Mini/Canva Photos: holding a phone horizontally
Could AI soon become as essential to our daily routines as our morning coffee?
OpenAI just announced the launch of GPT-4o mini, a cost-efficient and compact version of its flagship GPT-4o model — aimed at expanding AI accessibility for developers and businesses. This new model is designed to make artificial intelligence more accessible and affordable, significantly expanding the range of applications that can benefit from AI technology.
Highlights:
Performance:Â GPT-4o mini scores 82% on MMLU and outperforms GPT-4 on chat preferences in LMSYS leaderboard.
Cost Efficiency:Â Priced at 15 cents per million input tokens and 60 cents per million output tokens, making it more than 60% cheaper than GPT-3.5 Turbo.
Capabilities:Â Supports text and vision in the API with future plans for image, video, and audio inputs and outputs. It has a context window of 128K tokens and supports up to 16K output tokens per request.
Safety:Â Built-in safety measures include filtering unwanted content and using techniques like reinforcement learning with human feedback to ensure accurate and reliable responses.
Availability:Â GPT-4o mini is available in the Assistants API, Chat Completions API, and Batch API. It will replace GPT-3.5 for ChatGPT Free, Plus, and Team users, and will be available to Enterprise users next week.
Industry Use Cases:Â Companies like Ramp and Superhuman have already found GPT-4o mini to perform significantly better than GPT-3.5 Turbo for tasks such as extracting structured data from receipt files and generating high-quality email responses from thread history.
Read the full article here.
OTHER INTERESTING AI HIGHLIGHTS:
'Godmother of AI' Launches $1 Billion Startup
/Kylie Robison, The Verge
Fei-Fei Li, a pioneering figure in AI and known as the "godmother of AI," has launched a new startup, World Labs, which is already valued at over $1 billion. The company aims to advance AI's understanding of the physical world through innovative visual processing. Backed by major investors like Andreessen Horowitz and Radical Ventures, World Labs is set to push the boundaries of AI in fields such as robotics and augmented reality. Dive into how Li’s groundbreaking work might transform various industries.
Read more here.
The Challenge of Selling AI to Consumers
/Antony Leather, Forbes
Despite significant investments in AI hardware, many consumers remain hesitant to pay extra for AI-enabled devices. This article explores the challenges of convincing everyday users to embrace AI features, the impact of local vs. cloud-based AI processing, and how new AI technologies are aiming to enhance laptop performance and battery life. Learn why AI might not yet be a must-have for the average buyer, and what needs to change for widespread adoption.
Read more here.
SOME AI TOOLS TO TRY OUT:
MindPal: automate tedious tasks and build custom AI tools to boost workflow efficiency in minutes
Gamma: instantly create and refine presentations, websites, and more with advanced AI
Adobe Podcast: produce professional-quality podcasts and voiceovers effortlessly with Adobe Podcast
That’s a wrap on today’s Almost Daily craziness.
Catch us almost every day—almost! 😉
Leveraging AI for Enhanced Content: As part of our commitment to exploring new technologies, we used AI to help curate and refine our newsletters. This not only enriches our content but also keeps us at the forefront of digital innovation, ensuring you stay informed with the latest trends and developments.