đ€ Practical AI - GPT Store, CES & CoPilot Pro Launches
What's in store for AI and LLMs in 2024? Will they live up to the hype, will they finally deliver on the promises?
Hi! Iâm Mike and welcome to this free edition of the 'Practical AIâ newsletter. Each week, Iâll cover whatâs happened, whatâs happening and how that applies to you.
GPT Store Is Here
The GPT Store's launch, a highly anticipated event since its announcement at Open AIâs Dev Day, has finally arrived. Along with its debut, initial details about the revenue sharing model were unveiled, focusing on the U.S. market. Although specific rates are not yet disclosed, the revenue sharing is connected to usage.
With a user base of 180 million ChatGPT users and 250,000 Plus subscribers, the market potential seems big. Let's dive into some financial scenarios. Assuming a 10% revenue share, the maximum theoretical annual revenue for all creators, if they could reach every Plus user, would be $6 million ($20 * 250,000 * 12). For a single GPT creator, capturing 1% of Plus users and sharing these users equally among five creators, the annual earnings would amount to approximately $12,000.
The store features a curated âFeaturedâ list and a trending page showcasing the most used GPTs. It also includes categories like DALL-E, Productivity, Coding, Lifestyle, Writing, Research & Analysis, and Education. Notably, many of the top GPTs are suffering with copycats, whilst some have been manually removed by OpenAI, it is still to be seen how theyâll moderate the platform going forwards.
CES 2024 Highlights
RabbitR1
CES 2024 saw the introduction of RabbitR1, a product combining hardware and a new operating system. The launch stirred discussions, particularly around its deviation from the typical AI service model, which usually charges for usage, by opting for a one-time payment of $199. The new OS aims to address a gap where current LLMs excels in information retrieval but falls short in executing user actions.
RabbitR1, primarily voice-operated, features push-to-talk functionality and a 360 camera. This innovative approach has sparked excitement for a new type of consumer device in the market. Whilst theyâre not the only company to try this kind of device, Humane Pin, Tab etc, the benefits of an OS that is more action orientated will be interesting to see how they works, what kinds of integrations with the device will be possible. Ultimately, weâre at the point with these devices where companies are trying to figure out the best use cases for the technology, and on that journey weâll get some really interesting products like the RabbitR1.
Other AI Products
The event also showcased numerous AI-integrated products, though many seemed to have limited consumer benefits. For example, Samsung unveiled a range of household appliances with AI capabilities, like a washing machine that optimises water usage by learning about your clothes. Another interesting product was an AI pillow designed to adapt and prevent snoring.
The current trend suggests that assistant-style devices dominate the AI consumer product space, but with more development time, next year could see a broader range of consumer-oriented AI innovations.
Duolingo's Staff Reduction
Duolingo recently announced a 10% reduction in its workforce, coinciding with the end of some project contracts. This move is partly attributed to the efficiency gains from Generative AI in content generation, hinting at a shift towards AI-driven operations.
The company's spokesperson commented, âWe just no longer need as many people to do the type of work some of these contractors were doing,â highlighting AI's role in this decision.
Duolingo Max, launched on March 14 in partnership with OpenAI, offers subscribers the opportunity to engage in role-play chats with AI characters and access language learning assistance from the AI-powered Duolingo owl. Priced at ÂŁ19.99 per month, this premium service has replaced both human translation and user interactions with AI capabilities.
Microsoft's CoPilot Pro Launch
Microsoft has announced CoPilot Pro, expanding its AI offerings. This new service, priced at $20/month, includes priority access to the latest model, GPT-4 Turbo, and integration with Microsoft applications like Word, Excel, PowerPoint, Outlook, and OneNote. Additionally, it offers 100 daily creations with Designer (Dall-E 3) and the ability to build custom GPTs. Essentially, CoPilot Pro combines the features of ChatGPT Plus with Microsoft 365 Copilot, offering a comprehensive AI-assisted experience.
For more information, visit Microsoft's blog post on the launch: Microsoft Blog.
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