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- 🤖 OpenAI Is Losing To Open AI?
Plus: 10 Websites/ Apps Where You Can Try Llama 3.1 405B
Read time: 5 minutes
Great Thursday!
Did you hear? OpenAI is launching models at no cost. It's awesome for us (humans never decry free things!), but could it be part of Sam Altman's plan? What do you think?
Share your thoughts with us!
What are on FIRE 🔥
AI REPORT
🔄 AI's Impact on Work: Balance vs. Burnout
Source: The Upwork Research Institute
High burnout rates challenge the productivity benefits promised by AI in workplaces.
Key Takeaways:
71% of employees experience burnout, impacting productivity.
C-suite leaders' hopes for AI's productivity are high, with 96% endorsement.
Mandatory AI tool usage is prevalent in 39% of firms.
AI's unclear productivity path frustrates 47% of its users.
77% of employees report more workload due to AI.
AI training is lacking, with only 26% of leaders establishing programs.
Why it matters: By adding new technology to old systems, organizations aren't getting the most out of generative AI for their employees. Business leaders need to change how they manage talent and work by mixing traditional and modern methods. This means using different sources of talent, working with employees to create productivity measures, and focusing on skills instead of job titles.
AI INSIGHT
🔍 AI's Role in Transforming Customer Service
Source: Zendesk
Explore key strategies for enhancing customer satisfaction through AI and continuous feedback.
Key Takeaways:
43% of CX leaders believe AI boosts customer satisfaction through personalization.
AI-powered bots provide 24/7 customer support, enhancing accessibility and efficiency.
Hybrid customer support models integrate AI for basic queries and humans for complex issues.
Adapting service strategies to customer-preferred digital platforms increases convenience.
Ensuring fast response times with AI supports the demands of a connected world.
Why it matters: Integrating AI into customer service not only boosts operational efficiency but also enhances the customer experience by providing quick and accurate responses. Experts emphasize the importance of continuous training and feedback loops to maximize the benefits of AI. As AI technology evolves, businesses that adapt and refine their AI strategies will likely see significant gains in customer satisfaction and loyalty.
TODAY IN AI
AI HIGHLIGHTS
💰 OpenAI faces $5B loss in 2024, and may run out of cash in 12 months unless they raise additional capital from VCs. $7B spent on AI testing, exceeding rivals' expenses. Meanwhile, their annualized revenue is around $3.4B.
OpenAI also offers free GPT-4o Mini fine-tuning until Sept. 23, hours after Meta's Llama 3.1 release. This intensifies AI competition, balancing proprietary control with open-source accessibility for developers.
→ Our POV: But that’s not even the biggest issue.
Meta released their Llama 3.1 model, which performs as well as GPT-4 and is available for free. You can even use it to create your own smaller, specialized models. With this, it’s not so clear if Sam Altman’s AI startup has any real advantage.
OpenAI is losing to open AI?
Is OpenAI losing to open AI? |
🔍 Alphabet's Q2 revenue reaches $85B. Google Search earns $48.5B, Cloud hits $10B. AI Overviews boost Search usage. Chrome abandons the cookie phase-out plan, and focuses on user choice.
🤖 AI use in politics increases, with LNP and Labor creating AI videos. TikTok algorithms drive 'politainment' trend. Queensland leaders use personal accounts for authenticity.
❤️ More and more women are turning to chatbots for connection and comfort, finding their understanding often more reliable than the support from many human partners.
🌐 AI models degrade when trained on AI-generated data. Oxford's Ilia Shumailov warns of 'model collapse'. GPT-3, trained on 3B+ web pages, may face challenges as AI junk content proliferates online.
AI STOCK
DAILY AI FUNDRAISING
Harvey raised $100M in Series C funding from Google Ventures, OpenAI, and others, valuing us at $1.5B. This will help expand and enhance our AI technology for global businesses.
AI SOURCES FROM AI FIRE
Here's a funny view from ghsn****@gmail.com although they might look like nerds, inside them is a library of knowledge, and their certificates prove it.
Thank you for joining and winning this week. Now it's your turn to join!
💌 A warm greeting from some of AI Fire Team members: Creators, Social Media Executives, and Writers - Adam, Maddy, Robin, etc. We send our regards to all our dear subscribers worldwide ❤️. We could not have reached this level without your support and faith
NEW EMPOWERED AI TOOLS
⏳ Jelled AI gets an overview of your work inbox with insights and trends and automatically drafts ultra-informed emails using AI.
🔑 Speax AI creates multilingual videos in just a minute with AI.
🌿 Dataku extracts valuable insights from documents and texts.
💎 Lindo is the easiest way to build a website.
🍟 Auphonic automates audio post-production service that enhances your audio recordings effortlessly.
AI QUICK HITS
1. 🖼️ Adobe is bringing new AI tools to creators (Read more)
2. 🤖 Family uses AI to remember loved ones after death (Read more)
3. 🔍 Bing AI moves search results to the side (Read more)
4. 🎲 Randomization in AI makes resource allocation fairer (Read more)
5. 🚫 'Model collapse': Limited human data hinders AI progress (Read more)
AI CHART
Chatbot tools like ChatGPT, Copilot AI, and Google Gemini are the most liked. 35% of people who sell things use them. For smaller companies, it's 38%.
Also, 25% of sellers use smart tools like HubSpot to manage customer info and help with selling.
Smart work tools (like GSuite AI helpers) and picture-making tools (like DALL-E) are both used by 23% of sellers.
When normal tools get smart features, 74% of sellers use them more.
Also, 69% say they'll use OpenAI's new tool called Sora when it's ready. Sora turns words into videos. This shows more people want to use smart tools to make videos.
AI TUTORIAL
10 Websites/ Apps Where You Can Try Llama 3.1 405B
Note: Some of these may require a subscription.
AI-GENERATED IMAGES
Create a stunning product shot of a crisp, plain, tall 700g chocolate peanut butter jar labeled "Sweet Tooth." The jar, with a red lid and shiny golden finish, should be the main focus, levitating in mid-air with a zero-gravity effect. Position the jar facing the camera, centered in the frame. Surround the jar with shiny golden peanuts and cacao beans floating in premium golden light. Use dramatic daylight and sunlight to enhance the golden ambiance. The background should feature a golden palace with stunning hues. Capture the image using a 50mm lens to create a depth-of-field effect, with the Canon 1DX camera. Aim for immaculate, hyper-realistic imagery with exciting and dynamic lighting.THURSDAY MEME
AI JOBS
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