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- AI Innovations: Meet GPT-4o Mini & Sam Altman’s Big Bet on UBI
AI Innovations: Meet GPT-4o Mini & Sam Altman’s Big Bet on UBI
Discover the Latest Advancements in AI Technology and Their Impact on Business and Society
Brent Moreno
July 22, 2024
Top Stories:
Meet GPT-4o Mini: The Latest Upgrade to ChatGPT You Need to Know About
Steve Blank on AI: Innovate or Become Obsolete
Sam Altman’s Big Bet on Universal Basic Income: The Results Are In
AI Detects Prostate Cancer Better Than Doctors, Study Says
News from the Front Line:
Tom’s Guide Awards 2024: The best AI tools and devices we tested this year
You’re not going crazy — you may actually be paying higher prices than other people
What is Apple Intelligence, when is it coming and who will get it?
LANDR’s ‘Fair Trade AI’ Program Lets Musicians Earn Money by Contributing to AI Training
Tutorial of the Day:
• 15 Claude Artifacts Use Cases You Can Use Today
Research of the Day:
• ChatQA 2: Bridging the Gap to Proprietary LLMs in Long Context and RAG Capabilities
Video of the Day:
• GPT-4o Mini Arrives In Global IT Outage, But How ‘Mini’ Is Its Intelligence?
Tools of the Day:
• Fibr, Leap, Journal Calls, Shaped, KapKap, Validator
Prompt of the Day:
• Write the perfect 1 minute elevator pitch
Tweet of the Day:
• Riley Brown: Creating websites using AI with no coding experience
Meet GPT-4o Mini: The Latest Upgrade to ChatGPT You Need to Know About
Quick Byte:
OpenAI has launched GPT-4o mini, a lightweight and cost-effective AI model that promises better performance and affordability for developers and all ChatGPT users.
Key Takeaways:
Affordable and Accessible: GPT-4o mini is 60% cheaper than GPT-3.5 Turbo, offering a significant cost reduction for developers.
Wide Availability: This model is available to all ChatGPT users, including those on the Free subscription, and replaces the old GPT-3.5 Turbo LLM.
Improved Performance: GPT-4o mini offers better text and vision support, enhanced multimodal functionality, and a more recent knowledge cutoff of October 2023.
Expanded Context Window: Free users get an 8K token context window, while Plus, Teams, and Enterprise tiers offer up to 128K tokens.
Benchmark Excellence: It outperforms rivals like Gemini Flash and Claude Haiku in reasoning tasks, math and coding proficiency, and multimodal reasoning.
Enhanced Safety: Built-in safety mitigations similar to GPT-4o, with improvements to prevent misuse like jailbreak attempts.
Practical Tips for Business Owners:
1. Cost-Efficient AI Integration: Leverage GPT-4o mini for your AI needs to save on costs without compromising on performance.
2. Stay Updated: Utilize the improved knowledge base and extended context window to enhance customer interactions and data analysis.
3. Secure Deployments: Trust in the enhanced safety features to ensure secure and reliable AI deployment in your applications.
Bigger Picture:
OpenAI's release of GPT-4o mini signifies a major step towards making advanced AI accessible and affordable. By offering a high-performing model at a reduced cost, OpenAI is enabling more businesses and developers to integrate AI into their applications. This move is not just about cost savings; it’s about democratizing access to powerful AI tools, ensuring that innovation is within reach for everyone. As AI continues to evolve, models like GPT-4o mini will play a crucial role in shaping the future of technology and business.
Steve Blank on AI: Innovate or Become Obsolete
Quick Byte:
Steve Blank, creator of the Lean Startup Method, emphasizes that integrating AI into your business is no longer optional—it’s essential for survival. Here’s why every entrepreneur needs to embrace AI today.
Key Takeaways:
Embrace AI Now: Blank insists that not experimenting with AI tools makes entrepreneurs obsolete.
AI-Enabled Lean Startup: Automating the lean startup process with AI will soon become the norm.
AI’s Limitations: Recognize AI’s current limitations and the importance of verifying AI-generated results.
Visionary Founders: Despite technological advancements, the role of passionate and creative founders remains irreplaceable.
Practical Tips for Business Owners:
1. Integrate AI Tools: Start experimenting with AI tools to streamline processes and enhance productivity.
2. Automate Processes: Use AI to automate repetitive tasks within your lean startup model to stay ahead of the curve.
3. Verify AI Outputs: Always cross-check AI outputs, especially in critical applications, to ensure accuracy and reliability.
Bigger Picture:
Steve Blank’s advice underscores a pivotal shift in entrepreneurship: the integration of AI is no longer just an advantage—it’s a necessity. As AI continues to disrupt industries, staying informed and adaptable is crucial. Founders must balance the benefits of AI with a cautious approach to its limitations, ensuring they maintain their visionary drive while leveraging the best of what technology offers. The future belongs to those who innovate fearlessly and thoughtfully.
Sam Altman’s Big Bet on Universal Basic Income: The Results Are In
Quick Byte:
Sam Altman’s experimental project, backed by millions of dollars, tested the effects of universal basic income (UBI) by giving thousands of Americans free money over three years. The results are in, showing promising benefits and sparking debates on UBI’s future.
Key Takeaways:
Generous Funding: Altman’s project, through OpenResearch, distributed $45 million to 3,000 participants in Texas and Illinois.
Spending Patterns: Participants spent the money on basic needs, medical care, and helping others.
Health Insights: No significant changes in health biomarkers were observed, but there was an increase in healthcare visits.
Community Impact: Cash transfers allowed recipients to be more selective in job searches and provide financial support to their social networks.
Practical Tips for Business Owners:
1. Support Employee Well-being: Consider offering financial wellness programs to help employees manage their finances better, leading to improved job satisfaction and productivity.
2. Community Engagement: Investing in community support initiatives can enhance your business’s reputation and foster a loyal customer base.
3. Adapt to Automation: As AI and automation advance, explore ways to reskill and support employees in transitioning to new roles within your organization.
Bigger Picture:
Altman’s UBI experiment underscores the potential of direct cash transfers to improve financial stability and well-being. While the concept of UBI is not new, this large-scale study provides valuable data that could influence future policy decisions. As AI continues to disrupt traditional job markets, initiatives like UBI might become essential to ensure economic security and social equity. Altman’s vision extends beyond just giving money; it’s about preparing society for a future where AI plays a central role, and financial support mechanisms are crucial to navigating this transformation.
AI Detects Prostate Cancer Better Than Doctors, Study Says
Quick Byte:
Avenda Health's Unfold AI software is proving to be a game-changer in prostate cancer detection, outperforming human doctors with an accuracy rate of 84.7%.
Key Takeaways:
Superior Accuracy: Avenda Health’s AI detected prostate cancer with 84.7% accuracy, compared to doctors who ranged between 67.2% and 75.9%.
Enhanced Consistency: AI-assisted predictions of cancer size were 45 times more accurate and consistent.
MRI-Invisible Tumors: AI excels where MRI fails, detecting tumors that are otherwise invisible to traditional imaging techniques.
Empowering Physicians: The AI assistance makes doctors more accurate and consistent, improving overall patient care.
Bigger Picture:
The integration of AI in medical diagnostics marks a significant leap towards more accurate and personalized healthcare. Studies like the one conducted by Avenda Health and UCLA Health underscore the potential of AI to not only match but surpass human capabilities in detecting and treating diseases. As AI continues to evolve, its role in healthcare will likely expand, offering more precise and tailored treatments for patients, ultimately saving more lives and improving the quality of care. This innovation is not just a technological advancement but a critical step forward in the battle against cancer.
15 Claude Artifacts Use Cases You Can Use Today
Authors: Peng Xu, Wei Ping, Xianchao Wu, Zihan Liu, Mohammad Shoeybi, Bryan Catanzaro
Institutions: NVIDIA
Summary:
ChatQA 2 is a new model built on the Llama3 architecture, designed to close the performance gap between open-access large language models (LLMs) and leading proprietary models like GPT-4-Turbo. This model extends the context window of Llama3-70B from 8K to 128K tokens and incorporates a three-stage instruction tuning process to enhance its capabilities in long-context understanding and retrieval-augmented generation (RAG). ChatQA 2 demonstrates performance on par with GPT-4-Turbo in many tasks and surpasses it in some RAG benchmarks.
Why This Research Matters:
LLMs’ ability to handle long-context tasks and perform efficient retrieval-augmented generation is critical for processing large volumes of information. ChatQA 2 addresses these needs by significantly extending the context window and enhancing the model’s capabilities through a novel training and tuning process. This advancement enables more efficient and accurate AI systems, particularly in applications requiring detailed and extensive information processing.
Key Contributions:
1. Extended Context Window: ChatQA 2 increases the context window of Llama3-70B from 8K to 128K tokens, allowing it to process much larger volumes of text.
2. Three-Stage Instruction Tuning: Implements a detailed training process to improve the model’s instruction-following, RAG performance, and long-context understanding.
3. High Performance: Achieves comparable accuracy to GPT-4-Turbo on long-context tasks and outperforms it in RAG benchmarks.
4. Enhanced Retrieval Capabilities: Combines long-context understanding with advanced retrieval methods to handle top-k context fragmentation issues, improving overall task performance.
Use Cases:
• Legal and Financial Analysis: Enhances the ability of AI systems to process and analyze long legal documents and financial reports.
• Research and Academia: Supports detailed literature reviews and data synthesis by efficiently handling large volumes of academic papers and research data.
• Business Intelligence: Improves market analysis and trend identification by processing extensive datasets and generating relevant insights.
Impact Today and in the Future:
• Immediate Applications: ChatQA 2 can be integrated into existing AI systems to enhance their long-context processing and retrieval capabilities, making them more effective in real-world applications.
• Long-Term Evolution: Sets a new standard for open-access LLMs, encouraging further research and development to close the gap with proprietary models.
• Broader Implications: By making advanced AI capabilities more accessible, ChatQA 2 promotes innovation and the democratization of AI technologies across various industries.
ChatQA 2 is revolutionizing the landscape of large language models with its extended context window and enhanced retrieval capabilities. By bridging the performance gap between open-access and proprietary models, it ensures that advanced AI technologies are more accessible and efficient. This breakthrough is set to transform how AI systems handle complex and extensive information, paving the way for smarter and more capable applications.
Fibr - Fibr delivers ultra-personalized experiences post-ad click, boosting conversions and cutting CAC.
Leap - Automate Sales & Marketing workflows with AI. Augment your team with AI automation for content generation, lead enrichment, email outreach, and more.
Journal Calls - A tiny habit to track, reflect and succeed. Daily calls to keep you accountable and on track.
Shaped - The fastest path to relevant recommendations and search. Increase engagement, conversion, and revenue with a configurable system that adapts in real-time
KapKap - Enables users around the world to create studio-quality talking videos on their iPhones with minimal effort. Helps creators complete the entire chain of talking video shooting from AI script creation, video shooting, editing, etc.
Validator - Validate your idea fast and easy. AI research platform for idea validation and competitors research.
Write the perfect 1 minute elevator pitch:
I want you to become a masterful subtle salesman and write an elevator pitch for me.
For context, [INSERT CONTEXT]
The product I want you to create an elevator pitch for is: [INSERT A BRIEF DESCRIPTION OF YOUR PRODUCT]
The goal of an elevator pitch is to subtly introduce yourself and your products in 30-60 seconds.
The secret lies in making the elevator pitch concrete and curiosity-invoking at the same time.
Many entrepreneurs mistakenly think that elevator pitches should convert a stranger into a buyer in 60 seconds.
But that’s extremely hard in 1 minute.
Rather…
The goal of your elevator pitch is to spark a strangers’ interest for a future conversation in 60 seconds.
I want you to keep that in mind while writing that elevator pitch.
To create the elevator pitch, I want you to follow the CRISP method:
C - Condense
Write down ALL primary elements of your background, offerings, and goals.
R - Relevance
Highlight the 3 compelling aspects of your ideas and align them with the audience's interests.
I - Identity
Add a pinch of personality to your pitch - what’s unique about you?
S - Simulation:
Practice the pitch with a timer. No more than 30 seconds allowed. Record yourself, listen, critique, and refine.
__
Now, write 5 elevator pitches for me and my business
Constraints:
1) Each elevator pitch must be shorter than 280 characters
2) Make the elevators short, yet punchy
3) Appeal to the targets' self interest
4) Build curiosity while being ultra-specific
5) Don't sell - just sublty introduce
6) Don't include a CTA
7) All benefits you introduce must be tangible and specific
8) Use the tone of voice of a good friend
9) Use plain, simple language
For the past 9 days I've been creating websites using AI with no coding experience
In this video:
[1] 5 examples of websites I've built w/ Claude
[2] My 4 step process to easily create a website
[3] Example: create a landing page from scratchTimestamps:
- 00:00 - introduction… x.com/i/web/status/1…— Riley Brown (@rileybrown_ai)
5:46 AM • Jul 21, 2024