OpenAI forms an AI alliance without Elon Musk.

Hi AI Enthusiasts,

Today, we're at the forefront of a groundbreaking moment: OpenAI's formation of an AI alliance—a strategic move made notably without the involvement of Elon Musk.

We'll examine how AI is transforming our work lives, greatly increasing productivity. We cover the most recent advances and real-world uses to keep you informed about the rapidly changing AI landscape.

Today’s AI Secret:

• OpenAI forms an AI alliance without Elon Musk.

• Flot.AI helps you find the right words to win at work.

• Daily trending & featured AIs maximize your productivity.

• Anthropic launches Claude 3 surpassing GPT-4.

• JPMorgan's AI cashflow model cuts manual tasks by 90%.

• More AI quick heats.

• Sora allows Alien to take a walk in New York City.

Read Time: 3-5 minutes

OPEN LETTER

OpenAI forms an AI alliance without Elon Musk.

OpenAI alliances with major AI and capital market leaders like Meta, Google, SVAngel, YCombinator, MistralAI, Microsoft, and Salesforce, have jointly penned an open letter promoting responsible AI development, in a direct response to Elon Musk's recent lawsuit accusing the company of prioritizing profit over people.

The Details of Letter:

• Empowering Future: AI advancements aim to enhance human well-being and forge a better future.

• Revolution in Progress: AI technology is still in its infancy yet has the potential to revolutionize daily life through educational, linguistic, healthcare, scientific, and personal assistant applications.

• Pivotal Choices: AI's impact on society could rival the printing press and internet, but its outcomes hinge on human choices and foresight.

• United for Good: The signatories recognize AI benefits and commit to developing AI for a prosperous human future, inviting others to join.

The Implications:

• Strategic Narratives: By rallying a significant portion of the tech industry around a collective responsibility message, OpenAI and its allies may influence public perception and the narrative around AI development.

• Potential for Regulatory Influence: The coalition's formation and its public stance on responsible AI development could exert influence on regulatory discussions and policymaking.

• Public Counterattack: Given the absence of Elon Musk, his xAI, and Tesla from the signatories of the open letter, it appears that OpenAI and its allies may be forming an AI coalition to exert public pressure on Musk.

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NEW LAUNCH

Anthropic launches Claude 3 surpassing GPT-4.

Anthropic, founded by former OpenAI engineers, has launched its newest Claude 3 model family. This innovative suite includes three state-of-the-art models: Claude 3 Haiku, Claude 3 Sonnet, and Claude 3 Opus, each designed to meet diverse needs by providing a unique balance of intelligence, speed, and cost-effectiveness.

Key Features:

• A New Standard: With masterful confidence, Anthropic proudly announces Claude 3 Opus surpasses GPT-4, etching a new standard in the canon of generative AI.

• Excels In Speed: Haiku is the quickest and most economical, Sonnet doubles the speed while retaining smarts, and Opus matches past speeds with greater intelligence.

• Strong Vision Capabilities: The Claude 3 models, featuring advanced vision, handle various visual formats, aiding businesses to more easily access and interpret data within PDFs, flowcharts, and slides.

• Fewer Refusals and Improved Accuracy: By reducing unnecessary refusals and improving contextual understanding, the Claude 3 models offer more reliable and nuanced responses. Opus, for example, has shown a twofold improvement in accuracy on challenging open-ended questions.

• Long Context and Near-Perfect Recall: With an initial offering of a 200K context window and the capability to process inputs exceeding 1 million tokens, the Claude 3 models are equipped for effective long-context prompts handling and boast near-perfect recall abilities.

Contrasting Google's somewhat guarded comparison of Gemini with GPT-3.5, Anthropic makes a courageous leap, pitting their brainchild, Claude 3 Opus directly against GPT-4, highlights Anthropic's willingness to embrace competition and challenge the norms.

AI IN FINANCE

JPMorgan's AI cashflow model cuts manual tasks by 90%.

JPMorgan's innovative application of AI through its Cash Flow Intelligence tool, showcasing the bank's dedication to digital innovation and AI's transformative impact on banking.

The Details:

• AI-Driven Efficiency: JPMorgan's Cash Flow Intelligence employs AI to slash corporate clients' manual work by 90%.

• Client Adoption and Potential Monetization: With around 2,500 clients already using the tool, there's a "tremendous" interest from JPMorgan's customers. The bank is considering charging a monthly fee for this service in the near future, indicating a successful adoption and the perceived value of this AI-backed tool.

• Ongoing Investment and Development: JPMorgan is committed to further investing in the Cash Flow Intelligence solution, supported by a team of over 150 data scientists and engineers.

The Implications:

• Reduction in Manual Work: The application of AI in cashflow management has led to a dramatic reduction in manual tasks, showcasing the potential for AI to streamline operations and improve productivity across the banking sector.

• Business Value: JPMorgan's AI initiatives have started generating revenue, with the bank setting ambitious targets for business value created through AI.

• Workforce and Operational Changes: Despite the efficiencies gained through AI, JPMorgan emphasizes the technology's role in augmenting rather than replacing human jobs. However, the bank also acknowledges the potential for AI to lead to significant changes in the workforce and operational models, highlighting the need for the industry to adapt to these technological advancements.

QUICK HEATS

New MacBook Air with AI - Apple's new MacBook Air features the M3 chip for up to 60% faster performance than M1 models and up to 13x speedier than Intel versions. This fanless laptop comes in four colors, supports dual external displays, and enhances AI and gaming experiences.

AI Pilots - The Pentagon is shifting to affordable AI pilot-driven jet fighters, spurred by rising costs of manned aircraft and software advancements.

Sergey Brin says Google 'definitely messed up' - Google cofounder Sergey Brin admitted the company made mistakes with the Gemini AI, after facing backlash for its image generator inaccuracies and biased responses. Brin, out of retirement due to AI's potential, has been involved with Gemini since its issues emerged post-ChatGPT's success.

Student Fights AI Cheating Allegations - University of North Georgia junior Marley Stevens received a zero grade and faced academic probation for using Grammarly, a writing aid recommended by her school. Accused of unintentional cheating due to Grammarly's AI, she struggled to defend her academic integrity. Education systems are challenged to adapt assessment methods to technological advancements like AI.

Airbnb’s New Label - Airbnb introduces new labels for top and bottom listed properties, enhancing its badge system to reflect quality based on metrics like review sentiment and host reliability. Airbnb also aims to incorporate AI for a better user experience, with expectations of more AI-related updates in the future.

OPENAI SORA

OpenAI's Sora generative video model is delivering Hollywood-esque AI-generated clips from a single prompt, outperforming other AI models with its more advanced and realistic motion in videos up to a minute long.

Newly released footage shows a diverse range of capabilities like a sophisticated museum fly-through and Alien in New York City. These videos are impressing viewers with their quality and detail, though Sora remains exclusive to OpenAI and select testers for now.

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