Another Crazy Day in AI: Smaller but mightier GPT-4o mini arrives

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

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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: GPT-4o mini scores 82% on MMLU and outperforms GPT-4 on chat preferences in LMSYS leaderboard.

• Cost Efficiency: 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: 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: Built-in safety measures include filtering unwanted content and using techniques like reinforcement learning with human feedback to ensure accurate and reliable responses.

• Availability: 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: 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.

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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.

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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.

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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

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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.

Another Crazy Day in AI: Here's why AI literacy matters NOW

Hello, AI Enthusiasts.

With the weekend in sight, take a moment to explore the most intriguing news and updates on AI.

We hope you find something that catches your eye before the week wraps up!

Here's another crazy day in AI:

• AI literacy is NOW a crucial skill

• Why soft skills are a big deal in the AI age

• Google uses AI to spice up Paris Olympics coverage

• Some AI tools to try out

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TODAY'S FEATURED ITEM: Here's why AI literacy matters NOW

Canva Stock Photos: AI

Are you prepared for the AI revolution, or will you be left behind?

John Werner, an MIT Senior Fellow and 5x-founder, delves into the importance of AI literacy in his recent Forbes article titled "Billions Of People Need To Learn AI Literacy." This concept is becoming essential as AI technology continues to integrate into our daily lives.

Werner begins by comparing the evolution of different forms of literacy—traditional literacy, computer literacy, and now, AI literacy. He highlights the growing need for individuals to understand and engage with AI technologies to avoid being left behind in this rapidly advancing digital age. The article emphasizes that AI literacy involves more than just understanding how AI works; it requires critical thinking about AI’s role and impact on society.

Highlights:

• Definition and Importance: AI literacy is about viewing AI technologies critically, understanding their context, and making informed decisions about their use.

• Comparison to Past Literacies: Just as traditional literacy and computer literacy were crucial in their times, AI literacy is now becoming equally essential.

• Critical Social Benefits: Broad application of AI literacy can lead to better questions, deeper conversations, and more inclusive discussions about AI, ultimately leading to better regulation and governance.

• Practical Applications: AI literacy is not about becoming an expert but about understanding how to use AI effectively.

• Call to Action: Investing in AI literacy at individual, business, and societal levels is crucial to avoid the pitfalls of ignorance seen in recent events like the COVID-19 pandemic.

• Strategic Insights: Continuous learning and practical application of AI are key to navigating the AI landscape effectively.

Werner also references insights from Matt Crabtree at Data Camp and Chris McKay at IIA, who stress the urgency of AI literacy and its role in shaping our future. McKay, for instance, has created a platform called imaginator.com to help individuals and businesses understand and apply AI effectively.

As AI reshapes our world, understanding and effectively using this technology is becoming essential. The challenge now is to spread AI literacy widely, ensuring it doesn't create new societal divides. By embracing AI education, we can harness its potential to drive innovation and create a more equitable future. The AI revolution is here – our readiness to learn and adapt will determine our place in this new landscape.

Read the full article here.

Watch Chis McKay's presentation at IIA here.

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OTHER INTERESTING AI HIGHLIGHTS:

Why soft skills are a big deal in the AI age

/Chris Dobstaff on Forbes Edge

The rise of AI technology, including advanced chatbots like OpenAI’s ChatGPT, has undeniably transformed our interaction with technology and the workplace. Chris Dobstaff explores how the increasing automation of routine tasks has made it crucial for workers to hone skills that AI cannot replicate. In his latest piece, senior contributor John Hall emphasizes the importance of developing interpersonal skills, such as effective communication, conflict resolution, and critical thinking. Despite the conveniences AI offers, the human touch remains irreplaceable. Hall highlights that C-suite professionals and organizations increasingly value these soft skills, which will be essential for thriving in an AI-driven work environment.

Read more here.

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Google uses AI to spice up Paris Olympics coverage

/Sheila Dang on Yahoo Finance-News

In an innovative move, Google is set to integrate AI into the U.S. broadcast of the Paris Olympics, marking a significant partnership with NBCUniversal and the U.S. Olympic and Paralympic Committee. Sheila Dang reports on how this collaboration will enhance the viewing experience with AI-driven features. From personalized AI-generated daily recaps narrated by AI versions of well-known commentators to real-time AI overviews explaining sports nuances, this approach aims to engage modern audiences and those accustomed to digital content. The integration also includes comedian Leslie Jones using Google's Gemini AI model to provide insights and entertainment during the Games. As the Paris Olympics kick off on July 26, this development represents a major leap in how AI is utilized in sports broadcasting.

Read more here.

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SOME AI TOOLS TO TRY OUT:

• Superjoin: automatically import live data into Google Sheets using AI

• Twixify: adapts AI-generated text to fit your unique writing style

• Explainpaper: upload a paper, highlight confusing sections, and receive clear explanations

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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.