23rd issue: Is OpenAI heading towards bankruptcy? 😨

🌯 Wrap for the week

A close look at all the main headlines in AI

Top news for the week

OpenAI is burning cash daily, like a lot… 💸 

Although the news actually took place last week, I have heard about it again across multiple places this week.

The bankruptcy concern is mainly raised from the following areas:

1. 🚫 Drop in Popularity: While OpenAI's ChatGPT saw a user decline in recent months, it's not just because of summer breaks or students' inactivity. The ChatGPT API lets users build their own bots, which might be the cause. Additionally, there's the rise of open-source LLM models, like Meta’s Llama 2, which seems to be swaying startups away from proprietary options. OpenAI may have overestimated its allure!

2. 💸 Financial Struggles: OpenAI's red numbers are growing! Their losses doubled in May to $540 million. Even though they have big plans for their revenue, backed by Microsoft's generous investment, those numbers seem optimistic at best. The cost of running ChatGPT? A whopping $700,000 per day. If they can't turn this around, bankruptcy might be on the horizon by 2024.

3. 🤖 Tech & Competition: GPU shortages are hitting OpenAI hard, affecting the quality of their AI outputs. With Elon Musk entering the arena and buying up resources, and OpenAI's recent attempt to trademark ‘GPT-5’ (despite a potential GPU shortage), the competition is heating up.

However, although there is this concern, OpenAI did publish some promising stuff on their blog:

• OpenAI acquired an AI design studio, Global Illumination. Here is the blog post from OpenAI about it: https://openai.com/blog/openai-acquires-global-illumination.
  
  Given the most recent creation from this studio is a game, there is some curiosity about whether this move is related to OpenAI’s expansion into the game. However, given the strong team in Global Illumination, this could also be acqui-hiring. Let’s see what new stuff would emerge from this.

• OpenAI published a good use case of using AI for content moderation. In the post, it has got some good arguments and examples of using AI for content moderation. The blog post can be found here: https://openai.com/blog/using-gpt-4-for-content-moderation

While OpenAI is moving carefully along these choppy waters, we're here munching popcorn and wishing them good luck!

Main news credit:
OpenAI Might Go Bankrupt by the End of 2024 from Analytics India Magazine

Other top AI headlines for the week

Even AI Hasn’t Helped Microsoft’s Bing Chip Away at Google’s Search Dominance from Wall Street Journal

Looks like Microsoft’s investment in AI so far did not help with gaining in the search market yet. According to the news, from two different data sources, its share in the market in July is almost the same as it was in January. Well, let’s see if any future investment in Bing would lead to a significant change in the search market composition.

AI bots are so good at mimicking the human brain and vision that CAPTCHAs are useless from Quartz

GG, CAPTCHAs! I can sense the influx of spam coming soon.

AI Has Already Created As Many Images As Photographers Have Taken in 150 Years. Statistics for 2023 from Everypixel Journal

I know AI art generation is hot, but I didn’t realise it would be used this many times. Also, it is interesting to see that Stable Diffusion is leading this AI generation race by that far.

Ex-MZ CEO launches BeFake, an AI-based social media app from VentureBeat

Great play on the name! The app works like BeReal but adds some AI art generation magic on top. Also, its tagline is so amazing: “Let’s be real, it’s more fun to BeFake”. If you are keen to explore this further, you can find it in the app store now.

🎬️ Guess that movie

Adding a bit of fun to your weekend reading, let’s guess the famous movie from the 10-emoji description created by ChatGPT:

👨‍💼🏠💵📉📊💡📞📰💥📉

If it is a bit hard to figure out, you can find the answer with some explanation from ChatGPT at the end of this newsletter.

🧰 Toolbox

Check out this week’s tools and resources that give you more superpowers with prompt crafting!

1. 🔧 Browse AI
If you are keen to extract some data but did not have any specific knowledge to code, this tool is here to help you to train a bot that would do so in mins.

2. 🔧 AI Town
Imagine there is a town where AI-generated characters are roaming around and chatting with either other, this is what you can find from AI Town. All characters in the town have descriptions about them and the interactions are supposed to be created based on such descriptions. You can click on each character to see the history of the chats and just be amazed.

3. 📚️ Open challenges in LLM research
If you are curious about the main challenges faced in the current LLM research space, you should check this resource. I hope you can find something that might interest you and maybe it could lead to some breakthrough discovery by you.

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🖼️ Image of the week

I have seen a lot of weird road trip pictures popping up this week. I guess the AI is not so familiar with road trips yet 🤣 

🎬️ Guess that movie - answer

The answer is "The Big Short": 🥳 

Did you guess that right? Here is ChatGPT’s explanation:

👨‍💼🏠💵📉📊💡📞📰💥📉

This summary captures the main elements of the story: finance professionals (👨‍💼), the housing market (🏠), money and investments (💵), declining markets (📉), analysis and data (📊), a realization or "aha" moment (💡), important phone calls and deals (📞), media and news coverage (📰), a bubble burst (💥), and the financial crash (📉).