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Daily Digest #334


Hello folks, here’s what we have today;

PICKS
  1. ICYMI, yesterday I published a post on how Clearbit’s team uses AI37 and I cover how you can encourage your team to adopt AI following a similar strategy.

  2. Fresh from OpenAI662: They’ve launched two spanking new embedding models, spiced up the GPT-4 Turbo, and made the GPT-3.5 Turbo more wallet-friendly. There’s more on moderation and API usage as well.🍿Our Summary23 (also below)

  3. Hugging Face and Google partner253 for open AI collaboration. Google brings its heavyweight AI research and cloud hardware to the table, while Hugging Face adds its vast repository of transformer models and open-source libraries into the mix.🍿Our Summary15

  4. Bret Taylor’s AI startup is about to become an unicorn.1,023 The ex-CEO at Salesforce and an OpenAI board member, is making moves with his AI firm, Sierra.🍿Our Summary29 (also below)

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NEWS

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QUICK BITES

Fresh from OpenAI662: They’ve launched two spanking new embedding models, spiced up GPT-4 Turbo, and made GPT-3.5 Turbo more wallet-friendly. There’s more on moderation and API usage below.

What is going on here?

OpenAI's latest drop is all about giving devs more bang for their buck and some nifty new toys to play with.

What does this mean?

The new embedding models: We've got a small one (text-embedding-3-small) that's leaner in price (we're talking a 5X price drop)and a large one (text-embedding-3-large) that’s the new heavyweight champ.

GPT-3.5 Turbo is about to get cheaper, slashing input costs by 50% and output by 25%. GPT-4 Turbo's new preview model promises to end those frustrating 'lazy' responses (coders unite) and smooth over language hiccups for non-English tasks.

The moderation model got an upgrade, making it tougher on potentially harmful content. We are also getting API key-level metrics in the usage dashboard for better tracking and the ability to assign permissions to API keys.

Why should I care?

This update is a toolkit upgrade. And a much-needed one at that. The old embedding models were still the leader but other companies had started to catch up. RAG, and chat with data apps are gonna become cool again.

And, everyone hates lazy chat, so let’s see how active the updated version is.

Share this story23


QUICK BITES1,023

Bret Taylor’s AI startup is about to become an unicorn.1,023 The ex-CEO at Salesforce and an OpenAI board member, is making moves with his AI firm, Sierra.

What is going on here?

Sierra is in talks for new funding valuing it at $1B.

What does this mean?

Taylor founded this AI startup with Clay Bavor, a former Google hotshot. Now, it is on the brink of hitting unicorn status with a cool nearly $1 billion valuation, thanks to Sequoia Capital leading a hefty $85 million investment round.

Benchmark led an early investment in the company last year and Sierra already has some significant traction. With big names like Taylor and Bavor at the helm and Sequoia Capital opening its wallet, Sierra's one to watch. Taylor has already said that he’s with OpenAI for a short while—until the board situation sorts out. He’s got plans.

Why should I care?

Taylor’s got a knack for leading and innovating—riding Salesforce's ups and Salesforce's downs, and now trying to stabilise OpenAI’s board. Such people can’t sit on the sidelines when AI is changing industries. Together with Bavor, Taylor is bringing that magic to Sierra.

Share this story29


Ben’s Bites Insights

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Daily Digest: AI got cheaper, again
PLUS: supercomputers for open source

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Most clicked in this issue

1,023×3bloomberg.com/news/articles/2024-01-26/bret-t…
758bensbites.beehiiv.com/p/clearbits-team-uses-a…
662×2openai.com/blog/new-embedding-models-and-api-…
654bensbites.beehiiv.com/p/bret-taylors-stealth-…
582github.com/andrewnguonly/Lumos
543bensbites.beehiiv.com/p/fresh-openai-new-embe…
525chat.openai.com/g/g-C3WWLOnWX-venture-gpt-for…
516twitter.com/PropheticAI/status/17505343552424…
504artu.app
499ded.ai/p/primer
357autogmail.com
336ropes.ai

3,946 readers clicked at least once. 31 links, 31 with clicks. Heat is relative to the most clicked link in this issue.

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