Newsletter “Generative AI Insights” – July 2024

Welcome to the July 2024 edition of Generative AI Insights from AI Accelera! In this issue, we explore a wide range of topics within the AI domain—from OpenAI’s introduction of the more accessible GPT-40 Mini to the sustained funding boom in AI startups, the transformative role of AI in media and advertising, and expert insights on the future of AI in programming. We also feature a unique interview with industry leaders Sam Altman and Brian Chesky, and spotlight our latest book, “Do You Speak Generative AI?” 

This newsletter is packed with essential information and updates designed to keep you informed and engaged in the rapidly evolving world of Generative AI.

Video: GPT-4o mini. The new OpenAI’s smaller, cheaper AI model (TechCrunch)

OpenAI has introduced GPT-40 Mini, a smaller, more affordable version of its latest flagship AI model, GPT-40. Designed for simple, high-volume tasks, this mini model aims to be faster and cheaper, making AI more accessible for smaller developers who might lack substantial funding. The new GPT-40 Mini, currently supporting text and images with future plans to include video and audio, is more than 60% cheaper than the previous smallest model, GPT-3.5 Turbo. It also outperforms other small models on the MMLU reasoning benchmark. Already available for developers and consumers through ChatGPT’s web and mobile apps, enterprise customers will gain access next week.

View the full video here.

Video: Generative AI startups extend funding boom (CNBC).

In this video, Deirdre Bosa discusses the current trends in AI funding, highlighting significant investments in private AI companies despite some market softness. Key points include substantial fund-raising for Elon Musk’s xAI, which could be valued at $18 billion, and Mistral, a potential challenger to major AI models. While some AI companies have experienced layoffs and consolidation, there remains a strong influx of capital, especially for talent acquisition, with top AI researchers commanding high salaries. The distinction between companies building foundational models (requiring massive compute power and capital) and those developing applications on top of these models is emphasized. Mistral’s approach focuses on creating more efficient AI solutions with relatively lower capital requirements compared to giants like OpenAI and Anthropic.

View the full video here.

Video: Meet the Billion-Dollar Startup Using AI to Disrupt Media and Advertising (Forbes).

David Jones, founder and CEO of the Brand Tech Group, discusses the transformative potential of generative AI in advertising and business. He highlights the explosion of generative AI, driven by significant investments from major tech companies and growing public interest. Jones explains how his company’s platform, Pencil, leverages AI to create, predict, and optimize advertising content across social media, making the process faster and more efficient. Despite current low adoption rates in advertising, he predicts rapid growth and emphasizes the tool’s ability to democratize content creation. Jones also touches on the broader impact of AI on media, its potential to enhance personalization in advertising, and the necessity for individuals to adapt by learning new AI-related skills. Reflecting on his early investments in AI, Jones remains optimistic about its future, urging others to stay open-minded, experiment with new tools, and engage in continuous learning.

View the full video here.

Video: 10 People + AI = Billion Dollar Company? (Y Combinator)

The Y Combinator panel discusses the future of AI in programming, sparked by a controversial statement from Jensen Huang, CEO of NVIDIA, suggesting that in the future, everyone will be a programmer in human language as AI will handle most coding tasks. The panel explores the impact of large language models (LLMs) on programming, noting that while AI can handle some simpler tasks, it currently falls short in building complex systems. They highlight the progress made with tools like GitHub Copilot and the importance of benchmarks like SBench in driving AI advancements. The discussion also covers the potential for AI to reduce the number of employees in tech companies, the ongoing need for programming skills to develop critical thinking, and the continued relevance of learning to code for building foundational knowledge and good taste in engineering. The panel concludes that while AI will accelerate the creation of new startups and unicorns, understanding programming remains essential for innovation and effective leadership in technology.

View the full video here.

Video: Interview with Open AI’s Sam Altman and Airbnb’s Brian Chesky (MSNBC).

In this conversation, Sam Altman and Brian Chesky discuss the widespread impact and future potential of AI, emphasizing its integration into everyday life and various industries. They highlight how AI, particularly through tools like ChatGPT, has already begun transforming sectors such as healthcare, education, and customer service by providing enhanced capabilities like natural language processing and personalized assistance. The conversation touches on the ethical responsibilities of AI developers, the importance of societal trust, and the need for regulation to prevent misuse. They also reflect on the challenges of ensuring AI’s safe development, comparing its significance to historical technological advancements. Despite recent controversies, both leaders express optimism about AI’s potential to improve lives and drive economic growth, while acknowledging the need for continuous dialogue and careful oversight to navigate its rapid evolution.

View the full video here.

New Book: “Do You Speak Generative AI? ”

AI Accelera recently published its third book, “Do you speak Generative AI? The Prompt Engineering Beginner’s Guide.” Designed to demystify the complexities of prompt engineering, this book fills a significant gap in AI education. The book serves as an essential resource, offering a thorough grounding in the basics of prompt engineering, a detailed classification of prompts across various tasks, industries, and business areas, and is rich with practical examples. Tailored for students eager to delve deeper into the nuances of generative AI, this book is positioned as a valuable tool to enhance their understanding and skills in this revolutionary field. This book is an exclusive gift for the 5-star students of our Generative AI Bootcamp.

Link to the bootcamp.

Generative AI Job and Freelance Opportunities

The demand for talent in Generative AI is surging. We’ve compiled the top 20 job and freelance opportunities in the field, with a focus on positions available in San Francisco. For those looking beyond, our search tool can help you find the perfect opportunity in your preferred geographic area.

Exciting Updates from Our Generative AI Bootcamp

Our Online Bootcamp on Generative AI and LLM Applications continues to evolve, with recent updates enriching the curriculum:

We are delighted to announce the recent addition of new content to the Generative AI Bootcamp, focusing on updating two important topics:

* Differences between Data Scientists, Machine Learning Engineers, and Generative AI Engineers.

* Prompt Engineering, introducing our new book “Do you speak Generative AI? The Prompt Engineering Beginner’s Guide”.

In case you missed it, remember that we also recently uploaded the new Lesson 3, featuring personalized recommendations for different Learning Paths and Paces, designed to optimize your educational experience based on your individual student profile—whether you are a beginner, professional, or expert.

We have also added in-depth sections on Advanced RAG Development, Multimodal LLM Applications, LLMOps Management with LangSmith, Multi-Agent LLM Application Development, the second generation of LangChain, and LCEL in depth.

With more than 10.500 students from more than 100 countries around the world, our Bootcamp on Generative AI and LLM Applications is consolidating as the best in the world in its field.

Students of the bootcamp have the opportunity to become part of our Alumni Network and receive job offers, consulting projects, and startup opportunities.

How to Apply Generative AI in Your Business Today: Express Consulting for Executives and Companies.

Do you want to use Generative Artificial Intelligence in your company but don’t know where to start? We have the perfect solution for you. More information.

Stay tuned for more updates and insights in our next newsletter. As the landscape of Generative AI continues to transform, we remain committed to providing you with the most current and impactful information to navigate this dynamic field.