ARK Research Associate Jozef Soja joins the hosts to discuss the release of GPT 40 Mini by OpenAI and the rise of Polymarket betting. They explore the cost efficiency and potential automation of GPT 40 Mini, as well as the implications for AI adoption. The conversation also delves into predictions for the future of AI, the impact of Polymarket on prediction markets, and the rise of financialization and market manipulation concerns in blockchain technology.
OpenAI releases GPT-40 Mini as a cost-effective model for content generation.
PolyMarket's rise raises questions about long-term momentum and regulatory oversight.
Deep dives
GPT Mini Release by OpenAI
OpenAI released GPT-40 Mini, a smaller, faster, and more cost-effective version of their flagship GPT-40 model. This model significantly undercuts the cost of human labor, providing an efficient alternative for generating content rapidly and economically, with estimates suggesting a substantial reduction in costs compared to previous models.
Evolution of Large Language Models
The podcast discusses the evolution of large language models, highlighting two primary arms races in the field. One arm focuses on advancing flagship performance by competing to enhance models like OpenAI's and Tropic's at higher costs. The other arm emphasizes reducing model costs to enable widespread deployment across various tasks, aiming to automate economically feasible daily activities currently performed by human knowledge workers.
PolyMarket and the Future of Prediction Markets
PolyMarket's rise and promise, particularly evident during US elections, raise questions about its long-term momentum post-political cycles. The discussion delves into the market's potential for regulatory oversight, the utilization of blockchain for decentralized market creation, and the signals provided by prediction markets reflecting consumer interest and financialization trends. Additionally, there is contemplation on the influence of PolyMarket markets on events outside the market, highlighting the importance of regulatory frameworks to mitigate risks and ensure fair engagement.
With GPT 4o Mini, can Open AI dominate on all AI fronts? This week, Autonomous Technology and Robotics Director of Research Sam Korus and Associate Portfolio Manager Nick Grous are joined by ARK Research Associate Jozef Soja to discuss the release of Chat GPT 4o Mini and the rise of Polymarket betting.
If you know ARK, then you probably know about our long-term research projections, like estimating where we will be 5-10 years from now! But just because we are long-term investors, doesn’t mean we don’t have strong views and opinions on breaking news. In fact, we discuss and debate this every day. So now we’re sharing some of these internal discussions with you in our new video series, “The Brainstorm”, a co-production from ARK and Public.com. Tune in every week as we react to the latest in innovation. Here and there we’ll be joined by special guests, but ultimately this is our chance to join the conversation and share ARK’s quick takes on what’s going on in tech today.
Key Points From This Episode:
OpenAI releases a radically lower cost variant of their popular Ghat GPT 4o model
Polymarket betting is on the rise
For more updates on Public.com:
Website: https://public.com/
YouTube: @publicinvest
Twitter: https://twitter.com/public
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