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📉 ChatGPT to go bankrupt by EOY?
📉 ChatGPT to go bankrupt by EOY?
PLUS: The Bing Prompt To Block Social Media
Martin Crowley & Arturo Ferreira
August 14, 2023
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Today:
📈 Trending: Quick list of today’s most popular tools
💡Training: The Bing prompt to eliminate social media distraction
🧠 News: ChatGPT to go bankrupt?
Read Time: 4 minutes
Our Report: A recent report finds OpenAI spends approximately $700,000 daily to run ChatGPT, and it may go bankrupt by the end of 2024 if it doesn't turn a positive revenue.
🔑 Key Points:
OpenAI's annual revenue projection is $200 million in 2023, aiming for $1 billion in 2024, but even new revenue projections could still land them in deep trouble.
ChatGPT users have declined from 1.9 billion user visits in May, to 1.5 billion in July. Furthermore, losses have doubled to $540M since the development of ChatGPT.
API cannibalization may be a reason for the decline, as companies shift from using the generative AI chatbot to leveraging ChatGPT in other workflows.
Challenges such as GPU shortage and competition from rival chatbots (Bard, Llama-2, Claude) are also affecting the company.
🤨 Why you should care: The chatbot landscape is incredibly competitive & much like the internet bubble of ‘99 we may see only a few survivors from a chatbot cataclysm, who are you betting on?
Akkio lets you chat with your live data and make predictions with AI
Tubebuddy is your best friend on the road to YouTube success
ArchitectRender turns sketches into realistic renderings
Threado is your AI-powered sidekick for SaaS
Doneshark is AI-powered task management
📈 The Prompt Engineer
copy & paste ⬇️
“I want you to become my Prompt engineer. Your goal is to help me craft the best possible prompt for my needs. The prompt will be used by you, ChatGPT. You will follow the following process: 1. Your first response will be to ask me what the prompt should be about. I will provide my answer, but we will need to improve it through continual iterations by going through the next steps. 2. Based on my input, you will generate 2 sections, a) Revised prompt (provide your rewritten prompt, it should be clear, concise, and easily understood by you), b) Questions (ask any relevant questions pertaining to what additional information is needed from me to improve the prompt). 3. We will continue this iterative process with me providing additional information to you and you updating the prompt in the Revised prompt section until I say we are done.”
🔬 The Tab Closer
copy & paste ⬇️
💡Tip: Bing can act somewhat autonomously, put it to work
“Hey Bing, close any tabs related to or including Instagram, Twitter & other social media”
MidJourney Prompt
🎨 Setting Aspect Ratio
copy & paste ⬇️
💡 Tip: To adjust the aspect ratio just complete your prompt with two dashes, “ar” & your desired aspect ratio. See below:
“—ar 2:3, —ar 3:2, —ar 9:16, —ar 16:9”
California's firefighters are using AI to detect wildfires through the ALERTCalifornia program. Utilizing over 1,000 cameras across the state, the system identifies fires and alerts first responders.
The AI's early detection capability has already proven effective, allowing firefighters to quickly extinguish fires before they spread widely.
White House officials and tech giants participated in a three-day competition at DefCon to identify flaws in AI models, highlighting concerns over security and societal impact.
The first-ever independent "red-teaming" of models revealed that current AI systems are prone to biases and manipulation, with fixes likely to be time-consuming and costly.
Elon Musk's Neuralink raised $280M in a Series D round led by Founders Fund, aiming to connect the human brain to computers.
The startup faces scrutiny after animal deaths during testing but plans to move towards human trials, within the space of 6 months, pending FDA approval.
😲 HeyGen continues to impress everyone with AI avatar cloning
✅ California votes yes to Google’s autonomous vehicles
🇺🇸 Report shows Americans are concerned about AI
🦊 AI assists in tracking British wildlife population
🏍️ Hollywood stunt performers at risk from AI
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Until next time, Martin & Arturo.
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