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- 🤖 OpenAI’s New Embedding Models and API Updates
🤖 OpenAI’s New Embedding Models and API Updates
PLUS: AI Hiring Frenzy Fuels Layoffs?, Create Your Dream Scene Virtual Workshop
James Roesser
January 29, 2024
Welcome back AI enthusiasts!
In today’s AI Report:
💥OpenAI’s New Embedding Models and API Updates
🧯AI Hiring Frenzy Fuels Layoffs?
🎨Create Your Dream Scene Virtual Workshop
🛠5 Trending Tools
💰Venture Capital Updates
💼Who’s Hiring?
Read Time: 3 minutes
🗞RECENT NEWS
OPENAI
💥OpenAI’s New Embedding Models and API Updates
Image Source: SeongJoon Cho/Bloomberg/Getty Images
OpenAI announced a new generation of embedding models, GPT-4 Turbo updates, and improved API usage management tools.
Key Details:
Embeddings are sequences of numbers that represent real-world objects like words, images, or videos in a form that computers can process.
Embeddings make it easier for machine learning models to identify relationships between content and perform tasks like clustering or retrieval.
OpenAI’s text-embedding-3-small and text-embedding-3-large models offer stronger performance with improved accuracy.
GPT-4 Turbo and GPT-3.5 Turbo have revamped instruction following to process longer inputs and outputs.
The new API usage management tools allow developers to create multiple API keys with different permissions and scopes.
Why It’s Important:
Embeddings power applications like knowledge retrieval in OpenAI’s ChatGPT. Improving them enhances data collection, making conversational chatbots more powerful and accurate for users.
OpenAI continues to release new models, features, and tools that boost how valuable and affordable chatbots are for developers and customers.
MARKET TRENDS
🧯AI Hiring Frenzy Fuels Layoffs?
Image Source: Hannibal Hanschke/REUTERS
As technology firms prioritize investments in AI software and talent, other job segments will likely experience layoffs throughout 2024.
Key Details:
According to layoffs.fyi, over 20,000 Big Tech employees have already lost their jobs.
Dan Ives, managing director at Wedbush Securities, explained: “Big Tech companies are betting on AI while cutting back on non-strategic areas.”
Companies seek ways to cut costs and funnel investments toward training and deploying AI models in our high-interest-rate economy.
Amazon laid off hundreds of employees in the Prime Video and MGM Studios divisions earlier this month.
Google plans to implement widespread layoffs of up to 30,000 employees to focus on the “biggest production priorities.”
Why It’s Important:
As AI systems automate repetitive cognitive tasks, employees in affected sectors (e.g., customer service or data entry) may face unemployment, reducing consumer spending and slowing economic growth.
With higher interest rates, software companies continue to cut headcount, often their largest source of expenses. AI’s productivity boost only exacerbates these layoffs.
🩺 PULSE CHECK
Will AI be the primary growth engine of the US economy over the next decade?Vote Below to View Live Results |
TRIPO AI
🎨Create Your Dream Scene Virtual Workshop
DISCLAIMER: The AI Pulse is not sponsored nor affiliated with Tripo AI.
Tripo AI is an AI-powered 3D modeling software that redefines the boundaries of creativity and video game development.
This Wednesday at 9:00 AM PST, Allen Dang will teach you how to transform simple text prompts into detailed 3D scenes using Tripo AI.
The virtual workshop is available through Tripo AI’s Discord, YouTube, and Twitch channels.
If you’re interested, register early for priority access and exclusive post-event materials:
🛠TRENDING TOOLS
📊JotURL drives more conversions with custom AI-driven CTAs.
🕸Polywork converts LinkedIn profiles into optimized personal websites in seconds.
🍪Hostomo creates stunning websites effortlessly and hosts them seamlessly.
🕵️♂️GPTZero detects if an essay is AI-written.
📖StorlyAI tells your life stories.
🧰Browse our always Up-To-Date AI Tools Database.
💰VENTURE CAPITAL UPDATES
Krutrim raises $50M, securing a $1B valuation to become India’s first AI unicorn.
Chef Robotics raised $14.75M to partner with commercial kitchens.
Bagel closes a $3.1M pre-seed round to develop a decentralized ML data network.
💼WHO’S HIRING?
🤖PROMPT OF THE DAY
THE MATRIX
👩💻Digital Expansion
Formulate a dynamic online presence strategy for [Your Product]. Develop attention-grabbing social media campaigns, delve into strategic influencer partnerships, and shape compelling content that deeply connects with your [Specific Target Audience].
Product = [Insert Here]
Target Audience = [Insert Here]📒FINAL NOTE
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❤️AI Pulse Review of The Day
“The venture capital updates are a nice add.”
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