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- GPT-4o Mini: What you need to know and what no one’s talking about
GPT-4o Mini: What you need to know and what no one’s talking about
GPT-4o Mini overview, OpenAI wants to make an AI chip, big tech unites for AI security, Mistral and NVIDIA create an LLM and more!
Everyday AI
July 19, 2024
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Today in Everyday AI
6 minute read
🎙 Daily Podcast Episode: OpenAI just launched its new GPT-4o Mini model. We’re giving you everything you need to know. Give it a listen.
🕵️♂️ Fresh Finds: Figma explains its AI mishap, “Godmother of AI” creates a startup and Nexflix’s Co-CEO speaks on AI. Read on for Fresh Finds.
🗞 Byte Sized Daily AI News: OpenAI plans to make AI chips, Big Tech unites for AI security and Mistral AI and NVIDIA create an LLM. For that and more, read on for Byte Sized News.
🚀 AI In 5: Unlock the secrets of creating custom GPTs that will streamline your workflow and save you precious time. See it here
🧠 Learn & Leveraging AI: What does GPT-4o mini have to offer and how big will its implications be for the AI world? We dive in. Keep reading for that!
↩️ Don’t miss out: Did you miss our last newsletter? We talked about OpenAI releasing a new model GPT-4o Mini, a Microsoft AI leader offers exclusive insights and Meta says 'no thanks' to the EU. Check it here!
GPT-4o Mini: What you need to know and what no one’s talking about 🔓
There's nothing MINI about GPT-4o Mini.
OpenAI just released a brand new model, and it's actually a LOT bigger than you might realize.
We give you everything you need to know: including some live comparisons with GPT-4o, the impact on the business world, and 7 important things you need to know.
Join the conversation and ask Jordan questions on GPT-4o Mini here.
Also on the pod today:
• Comparisons Between AI Models 🛂
• Impact of GPT-4o Mini on AI Industry 🚨
• Accessing and Usage of GPT-4o Mini ✅
It’ll be worth your 1 hour and 2 minutes:
Listen on our site:
Click to listen
Subscribe and listen on your favorite podcast platform
Listen on:
Here’s our favorite AI finds from across the web:
New AI Tool Spotlight – fastn.ai integrates multiple data sources in a single API, AnyParser helps extract full insights from your PDF and Image files and Wasp is an AI code review tool.
Trending in AI – Figma is explaining how its AI tool copied Apple’s weather app design.
Pop Culture - Actor Jared Leto is investing in an AI startup despite other actors calling out the harms of AI.
Money in AI – The “godmother of AI” has created a new startup worth $1 billion.
Read This – Netflix’s Co-CEO says that AI will provide powerful tools for creators.
AI in Politics – Here’s the scoop on California’s new AI bill that is in the works.
AI in Society – Massachusetts’ Governor spoke on the need for an AI task force.
1. OpenAI Looks to Make its Own AI Chip 👀
OpenAI is making waves by chatting with chip designers, including Broadcom, about launching their own AI chips to tackle the ongoing GPU shortage! The company is looking to break free from its reliance on expensive graphics processing units that power its popular models like ChatGPT and DALL-E 3.
To supercharge this effort, they’re hiring former Google talent who previously worked on the search giant’s tensor processing unit, signaling a serious commitment to creating an AI server chip.
2. Tech Titans Unite to Tackle AI Security Issues 🤝
Big names like Google, OpenAI, and Microsoft are teaming up to form the Coalition for Secure AI (CoSAI), aiming to tackle the messy world of AI security! 🚀 With concerns over confidential data leaks and automated discrimination lurking, this initiative is all about creating open-source tools and best practices.
Joining the party are heavyweights like IBM and Cisco, all under the nonprofit OASIS umbrella.
3. Mistral AI and NVIDIA Team Up for Next-Level Language Model 🔋
Mistral AI just dropped the Mistral NeMo 12B model, a supercharged language powerhouse that’s ready to revolutionize enterprise applications and chatbots. This brainy collaboration with NVIDIA means it's packing some serious heat with a whopping 128,000 tokens for top-notch context handling and lightning-speed inference.
With its open-source charm under the Apache 2.0 license, this model is all about making cutting-edge AI accessible to everyone, from researchers to enterprises.
4. Google Strikes Gold as Team USA's Official AI Sponsor 🏟
Google is flexing its muscles as the official AI sponsor for Team USA, bringing its AI-powered features to the forefront of the 2024 Olympics starting July 26th. Expect dazzling 3D views from Google Maps of iconic venues like Versailles and the Aquatics Centre, while announcers will spice things up with AI-generated Olympic trivia.
Comedian Leslie Jones is even getting in on the action, asking Gemini to help her learn a new sport
5. NVIDIA Bounces Back as TSMC Hints at High Demand for AI Chips 📈
NVIDIA shares surged about 3% after a wild ride, bouncing back from a 7% drop driven by geopolitical drama thanks to Donald Trump’s comments on Taiwan. TSMC, the chip-making giant, is feeling the heat with high demand for AI chips, stating, “the supply continues to be pretty tight, all the way through 2025.”
Meanwhile, other chip makers like AMD and Qualcomm are still feeling the sting, with stocks wobbling in the wake of geopolitical concerns.
Create custom GPTs that save you time!
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We’re showing you the secrets of creating custom GPTs that will streamline your workflow and save you precious time.
Check out today's AI in 5.
🦾How You Can Leverage:
There’s not a lot mini about OpenAI’s new GPT-4o Mini.
It’s actually big.
Like… bigger than most of us realize.
In a surprising move to many (except for y’all, who we told you about GPT Mini on Monday), OpenAI dropped a technically mini model with massive potential.
So on today’s show, we took this mini bad boy for a spin. Pitted it against its big bro GPT-4o in a no-holds-barred showdown.
The results? Mind-blowing.
We're talking 82% on the MMLU test.
That's nerd-speak for "holy moly, this thing is smart."
Aside from the head-to-head, we go into the bigger business implications, the future of work, and 7 things you gotta know about this new mini model.
Ready to see how this pint-sized powerhouse could supercharge your business?
Samesies, shorties.
Let's dive in with the ol 1-2-3 of what ya need to know. 👇
1 – It’s all about the cost 🤑️
Holy moolah, Batman!
The cost is going down and future business productivity is surely going up.
GPT-4o Mini is like finding a designer handbag at a yard sale price. We're talking 15¢ per million tokens input and 60¢ per million output.
Here's the kicker: GPT is everywhere.
It's in your apps, your customer service bots, heck, it might even be in your toaster by now.
So this price drop?
It's gonna shake things up big time.
And don't think Google and Anthropic are gonna sit on their hands. They'll fire back, and then OpenAI will return fire.
It's an AI price war, folks, and we're all gonna come out winners.
Try this:
Do a cost audit of all your AI-powered tools and services. Now, recalculate those costs with GPT-4o Mini's pricing.
Spoiler alert: your CFO's gonna looooove you.
Then, brainstorm all those AI projects you thought were too pricey. Suddenly, they're looking pretty doable, huh?
Time to dust off those blueprints and get innovating!
2 – The move to mini 🤏
Alright, time to rethink.
The future's all about going small.
We’ve said this for a year plus — the future is working with many small models. (Probably all at once.)
But GPT-4o Mini ain't no small fry.
It's a "small" large language model - a Great Dane thinking it's a Chihuahua. Lolz.
In our live showdown, it held its own against big bro GPT-4o. (And even did better in a few scenarios.)
Don’t read too much into our live, informal test though. That’s just edutainment, ya’ll.
Here's the juicy part: this move by OpenAI is a big step toward Edge AI. More secure, faster, and greener.
Could a future version of GPT-Mini power, let’s say, an iPhone?
Maybe.
Try this:
Experiment with GPT-4o Mini for tasks you'd normally throw at the big guns.
Image analysis, creative writing, problem-solving - give it all a whirl.
Keep a scorecard: speed, accuracy, cost. You might be surprised how often David beats Goliath.
Also, start brainstorming how edge AI could revolutionize your biz. On-device processing could be a game-changer.
3 – Think about your future biz with smaller models 🧠
Rewind 2-3 years, and the thought of fine-tuning your own AI model was like cleaning your own yacht.
Cool, in theory, but that’s not a problem most of us have right now. (Unless you’re Michael Forgie)
The shift Google, Anthropic and now OpenAI are making toward smaller models is super significant.
These efficient models are making AI customization as common as a morning coffee run. It's not about keeping up anymore - it's about staying ahead.
If you're not planning your AI strategy now, you're already playing catch-up.
Try this:
Crystal ball time!
Map out where AI could supercharge your operations in the next 3-5 years.
Customer service? Product development? Marketing? Sky's the limit.
Start small - pick one area and design a pilot project using GPT-4o Mini. Set clear goals, measure results, and build a case for scaling up.
Feeling overwhelmed?
We've got the AI know-how to help you navigate this brave new world.
Let's turn that AI potential into profit, shall we?
⌚
Numbers to watch
$305.9 billion
The AI market size is estimated to reach $305.9 billion by the end of 2024.
Now This …
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