Welcome humans, here’s your 3-minute recap (without the fluff):

• Nvidia invests $30 billion in application-specific chips for AI, cloud, and more

• Silicon Valley's comeback: AI boom brings tech workers back, fueling fast home sales

• Google One gets smarter: New AI Premium plan powered by Gemini model

• New tools, funding updates & job postings

Slice LLM costs in half for text summarization using Mixtral

AI-enabled productivity tools are catching fire with users, and converting bulky documents into a svelte TL;DR is a huge reason they are so popular. 

The only catch? Text summarization is an expensive process for an LLM. If you’re scaling your summarization features around GPT, you’re leaving money on the table by not exploring Mixtral as a cheaper alternative.

Enter OctoAI: The fastest place to run open source models and where you’ll find the most cost-effective Mixtral on the market. You can swap in Mixtral for any GPT in just three lines of code.

Their benchmarks show over 50% cost savings versus GPT 3.5 with comparable quality. What could that do for your bottom line?

→ Check out all the data here, then sign up for OctoAI to get $10 in free tokens to put Mixtral to the test.

Want to advertise with us? Get started here.

🛠️ Tools

DeepL - A text translation tool designed for business purposes, equipped with the added capability of translating PDFs when uploaded. (link)

Seventh Sense - An AI software designed to drive maximum performance and engagement with your existing email marketing program. (link)

Insta text - Improves your text with the productive writing assistant, proofreader and editor. (link)

Clay - Streamline your sales prospecting and copywriting processes through automation. (link)

📚 Resources

A case study in transforming legal bill review with AI (link)

How Rose Farms in Kenya are using AI to battle climate change (link)

Big Brother Biden wants AI to control what you read, say and think (link)

OpenAI CEO Sam Altman seeks as much as $7 trillion for new AI chip project (link)

European Commission seeks input on AI misinformation guidelines for elections (link)

P.S. You can still get The Ultimate ChatGPT Toolkit (no email opt-in).

🗞️ News

Nvidia’s custom GPUs

Nvidia is investing $30 billion to form a new custom chip solution. The custom chips would be tailored for specific clients and tasks like AI, telecom, cloud, automotive and gaming.

Nvidia will have greater control over costs and energy efficiency than general-purpose GPUs. The new unit will design application-specific integrated circuits to better meet customer needs across various industries that rely heavily on AI like Meta, Microsoft, Google, and OpenAI.

→ More details about Nvidia’s new chips

AI’s effect on the housing market

The housing market in Silicon Valley and the San Francisco Bay Area is experiencing a resurgence as the AI boom increases tech workers and brings some of them back to the area.

Home sales are occurring very quickly and prices are rising due to high demand and limited supply.

→ More details about Silicon Valley’s housing market

Google One’s AI features

Google One has over 100 million subscribers. To build on this momentum, Google recently launched a new AI Premium plan for Google One that provides additional features powered by their Gemini AI model.

The AI features from Gemini will soon be integrated into Google services like Gmail, Docs, and more.

→ More details about Google One

✅ Daily AI Challenge

🐦 Tweet Of The Day

🤖 Prompt Tutorial

From Jargon to Plain English

Replace all hard-to-read sentences in [text] with easy sentences. Highlight the sentences removed.

Text = [Insert here]

That’s all.

Stay curious, leaders!

- Mr. Prompts

PS. If you missed yesterday’s issue, you can find it here.

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