OpenAI Announces GPT 3.5 Updates

Writer: theaihustle

4 Min Read

Good morning/afternoon/afternoon AI enthusiasts! More GPT updates announced from OpenAI. Also a new AI-powered social media app on the way. Hope you all enjoy today’s read :)

TODAY’S EDITION

• 🤖 OpenAI Announces GPT 3.5 updates

• 💬 AI Social Media App on the way

• 🧠 Insights: IBM shows workers might need to reskill

• 👨🏼‍🎓 AI Master Class: create logos with Midjourney

• 🛠 Trending AI tools - productivity

• 🐦 Tweet of the day

• 🎨 AI generated art of the day

📰 NEWS

🤖 OpenAI Announces GPT 3.5 Updates

OpenAI has recently introduced a substantial enhancement to its product lineup by unveiling advanced fine-tuning capabilities for GPT-3.5 Turbo. This empowers developers to personalize models, enhancing their efficacy in handling particular tasks. Preliminary assessments indicate that the finely-tuned GPT-3.5 Turbo has the potential to rival GPT-4 in terms of performance.

This innovation brings forth various applications, including heightened controllability, refined output formatting, and the ability to tailor the tone of generated content. Notably, plans are underway to introduce fine-tuning for GPT-4 in the upcoming autumn season.

More here

💬 AI Social Media App on the way

Kristen Garcia Dumont, former CEO of Machine Zone, has embarked on a new venture by introducing a novel social media application named BeFake, aimed at reshaping the landscape of social networking. This innovative platform enables users to craft imaginative versions of themselves by utilizing AI-generated visuals.

The application allows users to transcend the confines of traditional selfies by providing text prompts that generate corresponding visual representations.

CEO Kristen Garcia Dumont envisions this approach as a more genuine form of self-expression, avoiding the pressures associated with authentic photographs.

Within the app's community, the most imaginative pseudo-identities garner attention, allowing users to share the visuals generated from prompts and interact with their preferred ones.

The creator of BeFake, who boasts a track record involving some of the highest-grossing mobile games globally, is not to be taken lightly. We are closely monitoring the trajectory of this app, as it has the potential to significantly influence the widespread infusion of AI technology into the realm of social media.

🧠 INSIGHTS

🤹 IBM shows that 40% of global workers will have to reskill

We're all familiar with the saying: AI won't replace you; instead, individuals utilizing AI will take over. But does this statement hold water? Evidently, leaders across the globe seem to be on board.

Based on a recent survey by IBM encompassing 3,000 executives, a staggering 87% of these leaders anticipate that generative AI will enhance roles rather than supplant them.

However, those surveyed in executive positions estimated that around 40% of their workforce will need to undergo reskilling in the upcoming 3 years to effectively navigate the changes that AI is poised to bring to their respective enterprises. This figure translates to approximately 1.4 billion employees out of the total global workforce of 3.4 billion.

The report goes on to reveal that companies which successfully retrain their employees enjoy a noteworthy 15% premium in revenue growth compared to those who resist such adaptations. Moreover, those organizations which prioritize AI implementations observe a remarkable 36% higher rate of revenue growth in contrast to their counterparts.

Another pivotal discovery is the shift in employer preferences, as they now place less emphasis on technical competencies such as STEM expertise. Instead, there is a growing stress on proficiencies like time management and effective communication. This shift in hiring criteria is attributed to AI tools like ChatGPT which have mitigated the imperative for specialized technical skills.

👨🏼‍🎓 AI MASTER CLASS

Create high-quality logos with Midjourney

Try using this prompt for your logo designs. Of course feel free to tailor or edit the prompt to suit the kind of outcome you are hoping for:

a modern (insert idea) logo, (colour), minimalist design, simple and sleek shapes, clean lines, geometric abstraction, negative space, retro vibe, (background) colour background

I used this prompt to get this outcome, check it out:

🛠️ TRENDING AI TOOLS

Productivity Tools

• Copymate - a tool for SEO content generation in any language

• Syllaby - effortlessly create viral videos

• SaveDay - a free telegram bot to capture and manage storage of multimedia content

• PodStash - a tool to turn web links into podcast episodes

• LeiaPix - upload an image and turn it into a 3D animation

🐦️ TWEET OF THE DAY 

🎨 AI GENERATED ART OF THE DAY