- The Rundown AI
- Posts
- OpenAI's unveils GPT-4o Mini!
Welcome, AI enthusiasts.
It may not be the GPT-5 drop that everyone is anxiously awaiting, but OpenAI’s latest offering proves that sometimes less is more.
The new GPT-4o mini is a cheaper, faster, and smaller AI model that significantly outperforms its GPT-3.5 predecessor. Let’s get into it…
In today’s AI rundown:
OpenAI debuts new GPT-4o mini model
Mistral and Nvidia drop small AI powerhouse
Automate your content creation workflow
Groq’s new AI models surge up leaderboard
5 new AI tools & 4 new AI jobs
More AI & tech news
Read time: 3 minutes
LATEST DEVELOPMENTS
OPENAI
Image source: OpenAI
The Rundown: OpenAI just announced the launch of GPT-4o mini, a cost-efficient and compact version of its flagship GPT-4o model — aimed at expanding AI accessibility for developers and businesses.
The details:
GPT-4o mini is priced at 15 cents per million input tokens and 60 cents per million output tokens, over 60% cheaper than GPT-3.5 Turbo.
The model scores 82% on the MMLU benchmark, outperforming Google's Gemini Flash (77.9%) and Anthropic's Claude Haiku (73.8%).
GPT-4o mini is replacing GPT-3.5 Turbo in ChatGPT for Free, Plus, and Team users starting today.
The model supports a 128K token context window and handles text and vision inputs, with audio and video capabilities planned for future updates.
Why it matters: While it's not GPT-5, the price and capabilities of this mini-release significantly lower the barrier to entry for AI integrations — and marks a massive leap over GPT 3.5 Turbo. With models getting cheaper, faster, and more intelligent with each release, the perfect storm for AI acceleration is forming.
TOGETHER WITH STANFORD UNIVERSITY IT
The Rundown: The Stanford Technology Training Program is sponsoring an AI-Generated Visual Art competition. Your entry should explore this year’s Techie Festival’s theme of: AI New Frontiers.
Create stunning images or videos showcasing your best AI work to win amazing prizes, including:
First Place: Apple iPad Pro
Second Place: Apple Watch
Third Prize: AirPods
Submit your entry today! For more details on how to enter, click here.
MISTRAL
Image source: Mistral AI
The Rundown: Mistral AI and Nvidia just unveiled Mistral NeMo, a new open-source, 12B parameter small language model that surpasses competitors like Gemma 2 9B and Llama 3 8B on key benchmarks alongside a massive context window increase.
The details:
NeMo features a 128k token context window, and offers SOTA performance in reasoning, world knowledge, and coding accuracy for its size category.
The model also excels in multi-turn conversations, math, and common sense reasoning, making it versatile for various enterprise applications.
Mistral also introduced ‘Tekken’, a tokenizer that represents text more efficiently across 100+ languages, allowing for 30% more content within the context window.
NeMo is designed to run on a single NVIDIA L40S, GeForce RTX 4090, or RTX 4500 GPU, bringing powerful AI capabilities to standard business hardware.
Why it matters: Small language models are having a moment — and we’re quickly entering a new shift toward AI releases that don’t sacrifice power for size and speed. Mistral also continues its impressive week of releases, continuing to flex the open-source muscle and compete with the industry’s giants.
AI TRAINING
The Rundown: Zapier Central can automatically generate content drafts based on your writing style and preferences, saving you time and effort with your personal or business content creation process.
Step-by-step:
Visit Zapier Central and sign up for free.
Click "New bot" on the dashboard to create your AI content creation bot.
Set up the Google Docs integration in the "Instant actions" section.
Upload a writing sample in the "Data sources" tab as a reference for the AI.
Instruct your bot to generate content and create a new Google Doc with the draft.
AI RESEARCH
Image source: Midjourney
The Rundown: AI startup Groq just released two new open-source AI models specializing in tool use, surpassing heavyweights like GPT-4 Turbo, Claude 3.5 Sonnet, and Gemini 1.5 Pro on key function calling benchmarks.
The details:
Groq’s two models, Llama 3 Groq Tool Use 8B and 70B, are both fine-tuned versions of Meta's Llama 3.
The 70B achieved 90.76% accuracy on the BFCL Leaderboard, securing the top position for all proprietary and open-source models.
The smaller 8B model was not far behind, coming in at No. 3 on the leaderboard with 89.06% accuracy.
The models were trained exclusively on synthetic data, and are available through the Groq API and on Hugging Face.
Why it matters: Groq made waves earlier this year with its blazing-fast AI speeds — and now its pairing those capabilities with top-end specialized models. Near real-time speeds and highly-advanced tool use opens the door for a near endless supply of new innovations and user applications.
NEW TOOLS & JOBS
🚀Miro Intelligent Canvas - AI-powered canvas for team collaboration
🧠RDfox - AI knowledge graph and semantic reasoning engine
🧸Tripo AI - Generate ready-to-use 3D models instantly
🎨Dough - Open-source AI tool for precise animation control
💡Validator - Conduct competitor and trend research with ease
🖥️ Scale AI - Fullstack Software Engineer, GenAI Growth
🎯Databricks - Sr. Director, Professional Services
🔬Tempus - R&D Scientist
🧑🤝🧑Weights & Biases - Senior People Business Partner
QUICK HITS
Sam Altman revealed in a post on X that the alpha release of OpenAI’s Voice Mode is coming ‘later this month’, with general availability coming ‘a bit after’.
AI pioneer Fei-Fei Li launched World Labs in April, a ‘spatial intelligence’ startup already valued at over $1B — working on developing AI capable of understanding and navigating 3D environments.
OpenAI is reportedly in talks with Broadcom to develop a new AI chip, hoping to reduce reliance on Nvidia and boost global semiconductor infrastructure.
Tech giants including Google, OpenAI, Microsoft, and Amazon formed the Coalition for Secure AI (CoSAI), an open-source initiative aiming to develop best practices and address challenges in AI security.
Meta and Apple are planning to exclude EU customers from upcoming AI releases, citing regulatory uncertainty surrounding data usage and training under GDPR data protection laws.
OpenAI also introduced new compliance and administrative tools for ChatGPT Enterprise, aimed at supporting large-scale AI deployments in regulated industries.
THAT’S A WRAP
SPONSOR US
Get your product in front of over 600k+ AI enthusiasts
Our newsletter is read by thousands of tech professionals, investors, engineers, managers, and business owners around the world. Get in touch today.
FEEDBACK
How would you rate today's newsletter?Vote below to help us improve the newsletter for you. |
If you have specific feedback or anything interesting you’d like to share, please let us know by replying to this email.
Reply