Non-geek’s guide to new AI models

What to expect with new AI models; Use ChatGPT to improve your writing

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The AI Exchange
March 14, 2023

Welcome to another edition of what we’re determined to make the best damn newsletter in AI. Here we’ll break down AI topics that matter, open your mind to use cases, and keep you ahead of the curve.

Our #1 goal is to be useful. So please shoot us an email 📩 if you have questions or feedback, and especially if you implement something we share!

Here's what we're covering today:

  • A mid-March update on where we are, and what's to come in the next few weeks

  • Using AI to instantly edit and improve your own writing

  • Check out a few of the new AI-enabled product features and tools being rolled out

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Let’s get to it! 👇

TODAY'S PERSPECTIVE

The non-geeks’ guide to what to expect with new AI models

We’re not even halfway through March, and the list of ChatGPT-powered features in the products we use every day has nearly doubled.

From Instacart to Snapchat, many enterprise teams who had early access to the ChatGPT API took advantage and acted fast.

You can expect we will see a lot more where this came from. AI is coming to every product near you.

And things are about to get more interesting…

  • We are expecting GPT-4, a new & improved version on ChatGPT.

  • We are expecting Midjourney, Stable Diffusion and other AI image models to be unveiled soon.

  • We are also paying attention to “AI for Actions” (our favorite up and coming space) and think we’ll have ChatGPT-like products that can do things for us in the very near future

“What should I be thinking about to try to keep up???”

First, it’s impossible to keep up with everything.

Instead, focus your energy on developing a sense for what’s going on and digging in where you’re interested. Of course it’s hard to make generalizations, but from where we sit, “AI Literacy” is going to be what helps people to adapt to this new reality.

And we’ll continue distilling down what we think matters most.

So, here are the meta-trends we expect to unfold with these new models

  1. Way smarter. It’s likely ChatGPT’s generic and sometimes wrong responses will get better with new models. Potentially, a lot better. And Midjourney’s tendency to give humans 8 fingers? We expect this will improve as models improve as well.

  2. More useful. Smarter models mean we’ll be able to give these models harder problems. In text and image models, this could mean an improved ability to follow complex prompts.

  3. Ability to host these AI models yourself. The jury is still out on whether hosting your own models will actually be better than using a model provided by a company like Open AI. But, the fact that we can has historically accelerated pace of development and research breakthroughs. We expect this trend to continue, and ultimately give us as consumer & businesses more flexibility and buying power.

  4. Cheaper, faster and longer context windows. Part of this is the natural order of things. Open AI is already letting enterprise customers send and generate 8x as much text with ChatGPT. Issues we have today around cutoffs and ChatGPT not remembering things, are likely to be short term bottlenecks.

And a last note…

Most of these improvements will feel incremental.

And geeky AI people will freak out (kind of like we did with the new ChatGPT API).

But the fast pace of these incremental changes suggests that significant shifts in our work and lifestyle are inevitable within the next 6-18 months.

USE CASE DEEP DIVE

ChatGPT as your own personal writing editor

For some of us, writing can be a time-consuming and daunting task. Whether it’s crafting the perfect email to your boss, creating a compelling blog post, or curating an amazing mission statement for your company, the ability to write clearly and concisely is a must-have skill.

But what if you could use AI to make your writing 10x better in less time and with less effort?

That’s exactly what Justin Fineberg, startup founder & product manager, uses ChatGPT to help him do. Check out his Stack!

While helping companies build AI into their products and businesses, Justin has discovered the power of ChatGPT to improve his writing almost instantly. By leveraging ChatGPT’s ability to generate multiple different outputs with one prompt, Justin is able to take his first draft and using just one prompt, generate a variety of different edits on tone, grammar, and style directly in a tabular format.

From the created table, Justin can compare and contrast the different edits directly within ChatGPT and improve his writing in a fraction of the time.

LINKS

For your reading list 📚

The new AI features on the block...

And if you're really nerdy...

  • A nerdy but good foundational listen on how the current instruction following versions of GPT came to be. Shoutout to our friend Brian at AI Pub who runs this 🙌🏼

  • Check out OpenChatKit, a powerful, open-sourced alternative to ChatGPT, to create specialized and general-purpose chatbots for various applications

That's all!

We'll see you again on Thursday. Thoughts, feedback and questions are much appreciated - respond here or shoot us a note at [email protected].

... and if someone forwarded this email to you, thank them 😉, and subscribe here!

Cheers,

🪄 The AI Exchange Team