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Until Gemini and GPT-5 come around, it’s all about making current models cheaper and smaller.
- Stability’s founder recently stated that models will run on mobile by the end of 2023, now the company released Stable LM 3B – their strategy revolves around smaller, customizable models that open a range of new, practical, and cost-effective applications for genAI.
- “The next big breakthrough might not be the next version of GPT. It might be halving the cost,” says Microsoft expert, who believes that “Copilot on Windows is going to make everyone a power user.”
- A few hundred $$ a month to run a GPT-3.5-powered feature – it doesn’t have to be extremely expensive to add AI features to your product, as long as you follow some principles (limit output of LLM, limit prompt size, stick to cost-effective models and not GPT-4).
- Reducing inefficiencies in healthcare – an AI can predict missed care opportunities (when patients miss appointments, don’t schedule follow ups or are late) with up to 96% accuracy, it could improve patient outcomes and reduce physician burnout.
More stories and links to sources in the full edition of my newsletter (scroll down the page to explore all past editions in the archive).
