📉 OpenAI Cuts API Prices and Updates GPT-4

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Plus: Hugging Face vs. Google for open AI

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Greetings for the weekend! But don’t forget to update.

Big news! OpenAI just made its amazing AI even more accessible with huge price drops and cool upgrades. Plus, you can now engage with your favorite newsletters easier than ever with our new like, comment, and share buttons. Go on, give them a try!

What are on FIRE 🔥

• 📈 AI Stock Daily

• 📉 OpenAI Cuts API Prices and Updates GPT-4

• 💹 Microsoft Hits a $3 Trillion Milestone

• 🌟 PayPal Embraces AI for Business Revival

• 🔍 Exploring the Intersection of Data Science and AI

• 🌍 Top Global Risks in 2024: A Comprehensive View

• 🏆 Ranking of Words Consumers Associate With AI

• ⚡ 6 AI Quick Hits

• 💸 Daily AI Fundraising

• 🏅 New Empowered AI Tool

• ✏️ Tutorial: Create Professional Product Images for Your Store

• 🎯 Top 20 ChatGPT Chrome Extensions

• 💼 4 AI Jobs

📊 Result of Previous Poll

Should students learn math?

AI is really good at doing math, but learning math is still important. It helps us think better and solve problems. Looking at the poll, most people say math is important, and I agree with them. We need these skills to understand complicated ideas, make smart choices, and learn how AI works in today's world.

8 Wild Use Cases of Applying AI (ChatGPT Vision) in Learning, Researching,… and Daily Life

1 - Explaining infographic, chart,…

2 - Diagnosis based on images

3 - From image to live website

4 - Picture-to-Recipe

5 - GPT-4 vision for interior design

6- The first GPT-4V-powered front-end engineer agent.

7 - Give GPT-4V 4 "movie stills" I generated with Midjourney and asked it to construct a plotline tying them together

📈 AI Stock Daily

📉 OpenAI Cuts API Prices and Updates GPT-4

OpenAI announces major price cuts and enhancements for its GPT-3.5 Turbo and GPT-4 models, signaling a shift in AI accessibility.

Key Takeaways:

• Significant 50% decrease in GPT-3.5 Turbo API input costs, and 25% for outputs.

• Release of GPT-3.5 Turbo's upgraded version 0125.

• GPT-4 Turbo model 0125 improves task efficiency.

• GPT-4 V's launch is around the corner, adding vision features.

• New and improved text embedding models and moderation API rolled out.

Why it matters: OpenAI's focus on reducing costs while enhancing AI capabilities marks a pivotal step in democratizing AI technology, impacting future AI trends and applications.

💹 Microsoft Hits a $3 Trillion Milestone

Microsoft's ascent to a $3 trillion market cap showcases its strength and strategic direction in the technology sector.

Key Takeaways:

• Microsoft reaches a $3 trillion market cap, a significant landmark.

• Stock value ascends to $403.28, the key to achieving this market cap.

• Annual stock growth of 66.45% outperforms the S&P 500.

• Key drivers include cloud, gaming, software demand, and diversified business model.

• Strategic acquisitions like ZeniMax Media and Nuance Communications bolster growth.

• Significant R&D investment of $20.3 billion in 2023 underscores innovation focus.

Why it matters: Microsoft's towering market cap not only highlights its business acumen but also sets a benchmark for innovation and growth in the tech world.

🌟 PayPal Embraces AI for Business Revival

PayPal introduces AI-based products and fast checkout to improve stock performance and user experience, under CEO Alex Chriss's guidance.

Key Takeaways:

• PayPal's new AI products and Fastlane checkout feature aim to rejuvenate its business.

• Objective to boost stock value, which declined 22% since last year.

• CEO Alex Chriss designates 2024 as a key transitional year for PayPal.

• AI implementation to personalize customer interactions using transaction data.

• AI-powered smart receipts and cashback incentives in the works.

• Enhancements for Venmo business profiles announced.

Why it matters: PayPal's investment in AI demonstrates a strategic shift towards technology-driven solutions, setting a precedent for innovation in the financial industry.

🔍 Exploring the Intersection of Data Science and AI

The article emphasizes the integral relationship between data science and AI in revolutionizing business strategies and lifestyles.

Key Takeaways:

• Data's role as digital oil in the economy.

• Big Data's challenge is in zettabytes of data utilization.

• BI tools: Converting data to business insights.

• AI's learning capabilities from data.

• ML and Deep Learning: Leading AI advancements.

• Natural Language Processing (NLP) enhances digital communication.

Why it matters: The collaboration of these fields is essential for creating advanced, customized solutions across various industries.

🌍 Top Global Risks in 2024: A Comprehensive View

Analyzing top global risks for 2024, misinformation and disinformation pose significant threats. And here's why:

Key Takeaways:

• AI can quickly spread false information far and wide, making it hard to control.

• Deepfakes and other very convincing fakes can easily trick people.

• Misinformation can be tailored to individuals, making it more effective.

• This poses a risk to democracy and can make social divisions worse.

• AI-generated fakes are becoming more difficult to identify, which hinders efforts to stop them.

• These fakes have the potential to weaken governments and influence election results.

Why it matters: Understanding these global risks is essential for creating strategic responses to ensure resilience and stability.

🏆 Ranking of Words Consumers Associate With AI

As AI adoption grows, understanding and addressing consumers' fears is key to successful integration.

Key Takeaways:

• AI is mainly seen as 'Complex' and 'Threatening' in Tier 1 countries.

• 'Effective' is seldom linked with AI.

• The early stage of AI adoption is ongoing, with 2024-2025 as pivotal years.

• Diversity and belonging enhance employee engagement.

Why it matters: Understanding these global risks is essential for creating strategic responses to ensure resilience and stability.

⚡ The AI Quick Hits

1. 🤝 Hugging Face and Google team up for open AI (Read more)

2. 🎥 New Google's AI video creator impresses (Read more)

3. 🪖 Army trains with drones + ChatGPT for modern combat (Read more)

4. ⚠️ AI fake Taylor Swift images went viral fast (Read more)

5. 💺 CEOs feel the heat from advancing AI (Read more)

💸 Daily AI Fundraising

DXwand raised $4 million to grow its platform in the Middle East - Boost its AI research and help more businesses automate customer service.

TextQL raises $4.1M - Automate data science with AI, making it easy for non-tech people to get fast data insights.

🏅 New Empowered AI Tool

1. 🔎 Findr finds messages quickly across all your apps with AI

2. 💪 Potis tests the real skills and uncovers hidden talents

3. 📖 Text Reader AI is a free text-to-speech generator with realistic AI voices

4. 📨 ReplyGuy mentions your product in online convos naturally

5. 👀 Seeing AI- Microsoft’s app helps blind and low-vision people identify things using their phone’s camera

✏️ Tutorial: Create Professional Product Images for Your Store

1 - Go to Photoroom
→ Start by uploading your photo product

2 - To change the background
→ Select “Instant Backgrounds”
→ Click “Create a background”

→ Enter your prompt and negative prompt, then click 'Generate.’

Here's the final result:

🎯 Top 20 ChatGPT Chrome Extensions

💼 AI Jobs

• King's College London: AI and Automation Manager (Link)

• Meta: AI Policy & Governance Manager (Link)

• Orbis: MLOps Engineer - AI Scaleup (Link)

• Spectrum IT Recruitment: AI Chatbot Developer (Link)

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