Highlight The AI News (August 20th)

Hi and Happy Sunday! Let’s get into some interesting news for this week.

A report came out saying that ChatGPT costs $700,000 per day. This is probably because Microsoft invested $10 billion in OpenAI, which is helping to support the company right now. Read more.

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However, since ChatGPT’s peak in May, the number of users has been going down each month. This might be because it’s been the summer months when students are on vacation.

Now that schools are starting again, we’ll see if ChatGPT usage goes up.

But there’s also a report from Business Standard that says OpenAI could go bankrupt by the end of 2024 if they don’t start making a profit.

If Microsoft stops giving them money, they might be in trouble.

Amazon is working on improving customer reviews with generative AI. They’re testing this with some mobile shoppers in the US. They’ve added AI-generated summaries for customer reviews and buttons for common things people search for in reviews. From source.

Google has updated its search experience with AI. Now, if you hover over words, it gives you their definitions. You can also generate summaries of articles to quickly understand their content. They’ve also improved their coding capabilities. This feature is available on the Chrome iOS and Android apps, not the Chrome browser. Check the reference.

Google Photos has a new feature called Memories. It organizes your photos with the help of AI. You can relive and share memories easily. You can even rename the memories using AI-generated titles. Only available in the US for now.

OpenAI introduced a new feature for their GPT-4 API, which helps with moderation. This means communities can use AI to catch harmful content more quickly.

OpenAI also acquired a company called Global Illumination, but not enough details were divulgated. You can read more here.

Snapchat’s AI chatbot had a glitch recently, but it got fixed quickly. AI bots are getting so good that they can solve captchas, which are those annoying image tests that tell humans and computers apart. Check the Reference for more info.

A few people who used to work at big companies are starting new AI companies. They’re focused on scientific breakthroughs and new approaches to generative AI.

There’s also a new app called Be Fake that lets you share fake pictures of yourself on social media.

Last but certainly not least, Nvidia has released a technology called NeRF that turns images into 3D models, and Luma AI has a new app called Fly Throughs that turns videos into 3D environments.

The Bottom Line

There you have it, folks. The AI news updates that shook this week. I provided links to the source, so make sure I didn’t spread any fake ones. As always, thank you, for reading!!!

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