Are We All In On OpenAI's GPT Store?

Welcome to another edition of the best damn newsletter in AI.

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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:

• Custom GPTs now allow you to build your own AI models, but barriers like paid accounts and unclear revenue sharing may limit adoption

• AI can generate sales leads for just $0.02 each by searching sites and synthesizing contact info

• Google's AI team works on a Robot Constitution to govern AI systems

• & more

Let’s get to it! 👇

TODAY'S PERSPECTIVE

OpenAI's GPT Store: A Game-Changer or a Gamble?

If you've wanted to build your own version of ChatGPT for your industry, your use case, your ideas - custom GPTs were designed for you.

Custom GPTs are a new feature in ChatGPT that lets you add a custom prompt, upload your own knowledge, set up actions for the GPT to take - and more.

AND they just got a lot more interesting.

Last week, OpenAI announced the GPT Store is coming - a marketplace for discovering and sharing custom GPTs. WITH a revenue sharing model (to be disclosed).

Chances are, you're already seeing "How to become a millionaire off of custom GPTs" content all over social.

But before you dive in to Custom GPTs, there are a few things you should know.

1. Access to these custom GPTs is exclusive to ChatGPT Plus paid accounts. This could be a strategic move by OpenAI to increase Plus account adoption, and it could deter potential users.

2. OpenAI hasn't been forthcoming about the revenue sharing model. This lack of transparency could definitely discourage creators from sharing their custom GPTs.

3. Some of the data uploaded to and chat transcripts in custom GPTs are shared back with OpenAI for future AI model training. Some custom GPTs allow you to turn off data sharing, but OpenAI appears to have limited the use of this feature. Check if you have it by going to Configure > Additional Settings when setting up your custom GPT.

So, should you go all in on creating custom GPTs?

The answer isn't black and white. The GPT Store could drive significant AI adoption allowing people to share their creations and potentially profit. But the barriers to entry and usage are non-trivial.

USE CASES

DIY AI agent to find you business leads!

Researching businesses, writing emails and finding new potential customers can take a lot of time.

AI is making that seriously WAY easier.

We loved this DIY approach to building your own AI sales development rep for just $0.02 per lead!

1. Give GPT a name and email address

2. It'll search for more information on LinkedIn and Twitter

3. Synthesize all of that into a spreadsheet

And you're ready for outreach! H/T to our friend Philipp for the use case!

LINKS

For your reading list 📚

Google's AI advancements are making waves...

• A comprehensive view at what you need to know about Google Gemini, the latest AI project from the tech giant

• Google's AI research team is working on making droid systems safer, including a Robot Constitution

• Google is apparently working on a paid version of Bard with more advanced features, a move that could shake up the AI market

The market dynamics side of AI is just as intriguing...

• The pricing scheme in generative AI is not as easy as you'd think, a deep dive into the complexities of AI pricing

• Perplexity, one of the leading LLM-enabled Google competitors, just closed another big round, signaling a healthy competition in the AI industry

Legal and ethical issues in AI continue to stir debate...

• OpenAI counters NYT's lawsuit, claiming manipulation and cherry-picking in ChatGPT's content regurgitation, a case that could set a precedent for AI copyright issues

• YouTube is cracking down on true crime AI-generated deep fakes, a move that highlights the ethical concerns surrounding AI technology

That's all!

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

Cheers,

🪄 The AI Exchange Team