This Day in AI Podcast cover image

OpenAI's ChatGPT AI Announcement, Whisper API, Windows 11 Bing Update, How Far Away is AGI? | E04

This Day in AI Podcast

NOTE

Rapid Cost Reduction and Competition in Open AI Models

The cost factor of open AI models has decreased by ten times in a matter of months, partly due to competition with open source models like GPTJ and large language models. Companies like Facebook, Microsoft, and Amazon are constantly releasing new models, leading to fierce competition. Open AI is striving to maintain dominance by rapidly releasing new models and updates to stay ahead in the news cycle. The 90% cost reduction in the new open AI models is seen as a strategic move to capture market share, as open AI aims to attract developers to build models on their infrastructure. The emphasis on reducing the size of training data and achieving similar results indicates a shift away from competing based on the number of parameters. Additionally, the Whisper API updates promise faster and cheaper speech-to-text models, with the unique ability to accurately transcribe multiple languages. Overall, the open AI landscape is experiencing rapid change, with companies strategically positioning themselves to maintain dominance and capture market share.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner