OpenAI’s unveils GPT-4o Mini!

Welcome, AI enthusiasts.

It might not be the GPT-5 drop that everyone seems to be anxiously awaiting, but OpenAI’s latest offering proves that sometimes less is more.

The brand new GPT-4o mini is a less expensive, faster, and smaller AI model that significantly outperforms its GPT-3.5 predecessor. Let’s get into it…

In today’s AI rundown:

• OpenAI debuts recent GPT-4o mini model

• Mistral and Nvidia drop small AI powerhouse

• Automate your content creation workflow

• Groq’s recent AI models surge up leaderboard

• 5 recent AI tools & 4 recent AI jobs

• More AI & tech news

Read time: 3 minutes

LATEST DEVELOPMENTS

OPENAI

🚀OpenAI debuts recent GPT-4o mini model

The Rundown: OpenAI just announced the launch of GPT-4o mini, a cost-efficient and compact version of its flagship GPT-4o model — aimed toward expanding AI accessibility for developers and businesses.

The main points:

• GPT-4o mini is priced at 15 cents per million input tokens and 60 cents per million output tokens, over 60% cheaper than GPT-3.5 Turbo.

• The model scores 82% on the MMLU benchmark, outperforming Google’s Gemini Flash (77.9%) and Anthropic’s Claude Haiku (73.8%).

• GPT-4o mini is replacing GPT-3.5 Turbo in ChatGPT for Free, Plus, and Team users starting today.

• The model supports a 128K token context window and handles text and vision inputs, with audio and video capabilities planned for future updates.

Why it matters: While it isn’t GPT-5, the worth and capabilities of this mini-release significantly lower the barrier to entry for AI integrations — and marks a large leap over GPT 3.5 Turbo. With models getting cheaper, faster, and more intelligent with each release, the right storm for AI acceleration is forming.

TOGETHER WITH STANFORD UNIVERSITY IT

🎨Showcase Your AI-generated Artistic Creativity

The Rundown: The Stanford Technology Training Program is sponsoring an AI-Generated Visual Art competition. Your entry should explore this 12 months’s Techie Festival’s theme of: AI Recent Frontiers.

Create stunning images or videos showcasing your best AI work to win amazing prizes, including:

• First Place: Apple iPad Pro

• Second Place: Apple Watch

• Third Prize: AirPods

Submit your entry today! For more details on how you can enter, click here.

MISTRAL

💪Mistral and Nvidia drop small AI powerhouse

The Rundown: Mistral AI and Nvidia just unveiled Mistral NeMo, a brand new open-source, 12B parameter small language model that surpasses competitors like Gemma 2 9B and Llama 3 8B on key benchmarks alongside a large context window increase.

The main points:

• NeMo contains a 128k token context window, and offers SOTA performance in reasoning, world knowledge, and coding accuracy for its size category.

• The model also excels in multi-turn conversations, math, and customary sense reasoning, making it versatile for various enterprise applications.

• Mistral also introduced ‘Tekken’, a tokenizer that represents text more efficiently across 100+ languages, allowing for 30% more content throughout the context window.

• NeMo is designed to run on a single NVIDIA L40S, GeForce RTX 4090, or RTX 4500 GPU, bringing powerful AI capabilities to plain business hardware.

Why it matters: Small language models are having a moment — and we’re quickly entering a brand new shift toward AI releases that don’t sacrifice power for size and speed. Mistral also continues its impressive week of releases, continuing to flex the open-source muscle and compete with the industry’s giants.

AI TRAINING

⚡️ Automate your content creation workflow

The Rundown: Zapier Central can robotically generate content drafts based in your writing style and preferences, saving you effort and time together with your personal or business content creation process.

Step-by-step:

1. Visit Zapier Central and enroll free of charge.

2. Click “Recent bot” on the dashboard to create your AI content creation bot.

3. Arrange the Google Docs integration within the “Easy actions” section.

4. Upload a writing sample within the “Data sources” tab as a reference for the AI.

5. Instruct your bot to generate content and create a brand new Google Doc with the draft.

Get more AI tutorials →

AI RESEARCH

⚒️ Groq’s recent AI models surge up leaderboard

The Rundown: AI startup Groq just released two recent open-source AI models specializing in tool use, surpassing heavyweights like GPT-4 Turbo, Claude 3.5 Sonnet, and Gemini 1.5 Pro on key function calling benchmarks.

The main points:

• Groq’s two models, Llama 3 Groq Tool Use 8B and 70B, are each fine-tuned versions of Meta’s Llama 3.

• The 70B achieved 90.76% accuracy on the BFCL Leaderboard, securing the highest position for all proprietary and open-source models.

• The smaller 8B model was not far behind, coming in at No. 3 on the leaderboard with 89.06% accuracy.

• The models were trained exclusively on synthetic data, and can be found through the Groq API and on Hugging Face.

Why it matters: Groq made waves earlier this 12 months with its blazing-fast AI speeds — and now its pairing those capabilities with top-end specialized models. Near real-time speeds and highly-advanced tool use opens the door for a near limitless supply of latest innovations and user applications.

NEW TOOLS & JOBS

Trending AI Tools

• 🚀Miro Intelligent Canvas – AI-powered canvas for team collaboration

• 🧠RDfox – AI knowledge graph and semantic reasoning engine

• 🧸Tripo AI – Generate ready-to-use 3D models immediately

• 🎨Dough – Open-source AI tool for precise animation control

• 💡Validator – Conduct competitor and trend research with ease

Browse more AI tools →

Recent AI Job Opportunities

• 🖥️ Scale AI – Fullstack Software Engineer, GenAI Growth

• 🎯Databricks – Sr. Director, Skilled Services

• 🔬Tempus – R&D Scientist

• 🧑‍🤝‍🧑Weights & Biases – Senior People Business Partner

Browse more AI jobs →

QUICK HITS

Sam Altman revealed in a post on X that the alpha release of OpenAI’s Voice Mode is coming ‘later this month’, with general availability coming ‘a bit after’.

AI pioneer Fei-Fei Li launched World Labs in April, a ‘spatial intelligence’ startup already valued at over $1B — working on developing AI able to understanding and navigating 3D environments.

OpenAI is reportedly in talks with Broadcom to develop a brand new AI chip, hoping to scale back reliance on Nvidia and boost global semiconductor infrastructure.

Tech giants including Google, OpenAI, Microsoft, and Amazon formed the Coalition for Secure AI (CoSAI), an open-source initiative aiming to develop best practices and address challenges in AI security.

Meta and Apple are planning to exclude EU customers from upcoming AI releases, citing regulatory uncertainty surrounding data usage and training under GDPR data protection laws.

OpenAI also introduced recent compliance and administrative tools for ChatGPT Enterprise, aimed toward supporting large-scale AI deployments in regulated industries.

THAT’S A WRAP

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