AI Startups Weekly - Issue #06

March 02, 2023

Hello and welcome to issue #06 of AI Startups Weekly! 👋

The AI sector is evolving at an incredibly rapid rate, with new startups and technologies being introduced every day. Trying to stay up to date with all the advances in the field is a daunting task - that's why I'm here to help. I scour hundreds of sources to find the most relevant and noteworthy news, startups, and tools in the AI space, saving you from having to do the research yourself.

Each week, I share a curated list of the most innovative and exciting startups and tools in the Artificial Intelligence field, their unique value proposition, and any relevant news.

Discover new AI startups and tools, stay ahead of the curve and be the first to know about the next big thing in AI. Let's explore the exciting world of AI together!

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 📰 AI News & Articles

TechCrunch - 2 min read

Summary

OpenAI has recently introduced an API that will allow businesses to build ChatGPT technology into their applications, websites, products, and services. This AI model, called GPT-3.5-turbo, is powered by the same AI model behind OpenAI's popular ChatGPT platform. The API will cost $0.002 per 1,000 tokens and will be used by companies such as Snap, Quizlet, Instacart, and Shopify. This API is expected to help reduce the gargantuan compute costs associated with ChatGPT.

Key takeaways

1.OpenAI has launched an API for its popular ChatGPT AI, allowing any business to integrate the technology into their products and services

2.It is powered by OpenAI's GPT-3.5-turbo model, and is priced at $0.002 per 1,000 tokens

3.Early adopters of the API include Snap, Quizlet, Instacart, and Shopify.

Conclusion

The ChatGPT API is a great way for businesses to incorporate the powerful text-generating AI into their products and services, allowing them to offer an improved user experience with increased responsiveness. With the launch of the API, OpenAI has taken a major step towards monetizing its popular ChatGPT model, while helping to drive innovation and growth in the tech industry.

Short Summary

 Prompt engineers are being hired to get AI systems to produce the desired results. Riley Goodside, an employee of Scale AI in San Francisco, works in one of AI's newest jobs as a prompt engineer, which involves creating and refining text prompts people type into AI systems. New AI search and chat tools such as OpenAI's ChatGPT and Microsoft's Bing Chat have upended the decades-old tradition of human-machine interaction, as users don't have to write code but can simply talk. Prompt engineers strive to get the most out of these AI tools, understanding their flaws and using complex strategies to produce unique results.

Key takeaways

1.Prompt engineers are being hired for their skill in commanding AI systems

2.AI chatbots are the result of a failure of the human imagination, and can be improved with human input

3.AI systems like GPT-3 have impressive memorization abilities, but can be prone to incorrect answers.

Conclusion

Prompt engineers are an essential part of the AI industry and are invaluable in helping AI systems achieve their fullest potential. With their expertise in crafting the perfect prompts and their ability to work with the AI in a conversational manner, they are able to get the most out of AI systems, often providing results that are truly unique and innovative. This new field is quickly becoming one of the most important and in-demand roles in the tech industry, and it is likely that its importance will only continue to grow as AI technology advances.

The Washington Post - 5 min read

📰 Interesting Tweets & Videos

That's all for me for this edition of AI Startups Weekly, folks!

I hope you enjoyed reading about the latest and greatest in the world of Artificial Intelligence. I'll be back next week with more exciting AI startups, tools, news, and developments in the field.

In the meantime, if you have any feedback or suggestions for future editions, please don't hesitate to reach out to me on Twitter. I'm always here to help you stay ahead of the AI revolution.

Until next time, stay informed and stay curious!

Oh, and before I forget, remember to share this issue on social media. It'll make you look good and it will help me to get new subscribers. Win-Win 😉