OpenAI Unveils SearchGPT: A New Contender in AI Search Market

Happy Friday, Team!

On this day in 1956, the world witnessed the first successful test of an underwater hydrogen bomb, marking a pivotal moment in nuclear history. As we reflect on the past, we also look to the future with the rise of artificial intelligence. In today's newsletter, we delve into the latest advancements in AI, exploring how this technology continues to shape our world and the challenges it presents.

TRACK HIGHLIGHTS
Article Takeaways

• OpenAI Challenges Google with SearchGPT
• Meta's Llama 3.1 Safety Debate
• Tesla and Google Earnings Disappoint
• Azure AI: Phi-3 Fine-Tuning & New Models
• AI Excels in Math Olympiad

MARKET PITSTOP
A Quick Look at the Market

Stock Market: Stock futures rose modestly on Thursday evening as the major averages head for weekly losses and investors anticipated a reading of the Federal Reserve’s preferred inflation gauge. Read More

Crypto: Ether dips below $3,400 on second day of U.S. spot ETH ETF trading. Read More

LAP 1 Featured Story
OpenAI Unveils SearchGPT: A New Contender in AI Search Market

• OpenAI's SearchGPT offers fast, accurate search results.
• Potential competition for Google's market share in search.
• Follows launch of new AI model, GPT-4o mini.
• Emphasizes multimodality: diverse AI-generated media in one tool.

OpenAI has introduced a prototype search engine called SearchGPT, aiming to provide users with quick and accurate answers backed by clear sources. This move potentially challenges Google's dominance in the search market, as it offers a more conversational and intuitive way of searching.

The announcement caused Alphabet's shares to dip over 3%. This development follows OpenAI's recent release of a new AI model, GPT-4o mini, and highlights the company's focus on multimodality, integrating diverse AI-generated media like text, images, and audio into its tools. OpenAI continues to expand its leadership team and strategic partnerships, including a recent collaboration with Apple. Read More

LAP 2
Meta's Llama 3.1: Free, Powerful AI Sparks Safety Debate

• Meta's Llama 3.1 is free, powerful, and accessible.
• Llama 3.1 can be customized by developers.
• Debate arises over AI without sufficient safety controls.

Meta has released Llama 3.1, a powerful and free AI model, emphasizing accessibility and customization. This open approach contrasts with the typical closed development methods used by other AI companies. However, concerns have been raised about the potential risks of releasing such a capable model without adequate safeguards. Meta assures that it has implemented measures to prevent harmful outputs, but the debate over the balance between innovation and safety continues. Read More

BRAIN TEASER
What has to be broken before you can use it?

WALLSTREET PITSTOP
Wall Street Tumbles: Tesla and Google Earnings Disappoint

• Wall Street experiences worst trading day since 2022.
• S&P 500 drops 2.3%; Nasdaq falls 3.6%.
• Tesla shares plummet 12%; Alphabet declines 5%.

Wall Street faced its worst trading day in 19 months due to disappointing earnings from Tesla and Google. The S&P 500 index fell by 2.3%, while the Nasdaq dropped 3.6%, driven by significant declines in tech stocks. Tesla's shares decreased by 12% after reporting a 45% drop in quarterly profits, and Alphabet's shares fell 5% amid concerns over slowed advertising growth. This downturn highlights the vulnerability of the market to fluctuations in the tech sector. Read More

Lap 3
Azure AI: Phi-3 Fine-Tuning & New Models for Easy Customization

• Phi-3 fine-tuning allows easy customization for cloud and edge scenarios.
• New generative AI models from OpenAI, Meta, and Mistral added to Azure AI.
• Azure AI's serverless endpoint simplifies AI development without managing infrastructure.

Microsoft announced updates to Azure AI, including the fine-tuning capabilities for Phi-3 models, allowing developers to customize AI solutions easily. New generative AI models from OpenAI, Meta, and Mistral are now available, expanding the variety of tools for AI development. Additionally, Azure AI's serverless endpoint enables developers to build and deploy AI applications without the need to manage underlying infrastructure, enhancing flexibility and scalability for businesses. These updates aim to support organizations in innovating and scaling their AI applications efficiently and responsibly. Read More

FUN FACT STOP
Your brain is constantly eating itself.

LAP 4
Google DeepMind's AI Achieves Silver Medal Performance in International Mathematical Olympiad

• Google DeepMind's AI solved four of six math Olympiad problems.
• AlphaProof used reinforcement learning for algebra and number theory.
• AlphaGeometry 2 solved a geometry problem using synthetic data training.

Two AI systems developed by Google DeepMind, AlphaProof and AlphaGeometry 2, demonstrated remarkable prowess by solving four of six problems at this year's International Mathematical Olympiad, equaling the achievement of silver medalists in the competition. AlphaProof, which employs reinforcement learning, tackled complex algebra and number theory problems, while AlphaGeometry 2, trained with synthetic data, excelled in geometry.

These achievements underscore the AI systems' advanced capabilities in solving intricate mathematical problems, a notable milestone in machine learning. However, the systems fell short of contributing new mathematical knowledge, highlighting the ongoing gap between AI and human creativity in mathematics. Read More

FINAL LAP - FINANCE & THE STOCK MARKET
Stocks Surge Amid Economic Growth; Southwest Alters Boarding, Pakistan Seeks Debt Relief

• Stocks seek to bounce back, Southwest makes boarding changes: Yahoo Finance

• Pakistan's finance minister in Beijing to seek debt relief, say sources

• Why DeFi Matters: An Insider’s Insight into Decentralized Finance

• Stocks soar intraday while the auto sector slides: Yahoo Finance

• GDP: US economy grows at faster-than-expected pace in second quarter as inflation eases

BRAIN TEASER ANSWER

An Egg.

THE RACE CONCLUDES
Thank You for Joining us on the AI Race! 🏁 

We want to THANK YOU for joining us on this exciting journey into the world of AI! Our mission is simple - to keep those who feel left behind in the AI curve up to date.

Your subscription marks the beginning of a collaborative exploration into the boundless possibilities of Artificial Intelligence.

Warm regards,

AI Pitstop Team