Reddit in the AI game
Welcome to The bot! Beep. Beep! 🤖
This is the newsletter for seasoned AI enthusiasts, or people that are just starting to dip their toes in the water, and see what all the buzz is about. In this newsletter you can find the most exciting stories to happen in the world of AI this week.
Reddit’s AI Partnership
Recently, a HUGE partnership in the world of AI got announced this week. Open AI (ChatGPT’s creator) and Reddit have publicly announced forming a strategic partnership.
OpenAI's deal with Reddit grants it access to real-time forum content, enhancing AI models like ChatGPT with fresh, extensive discourse for better precision and context-awareness. The collaboration not only promises to refine user interactions with AI-enhanced moderation and response tools on Reddit but also positions OpenAI competitively in the tech industry against giants like Microsoft & Google.
Not everyone is happy about the partnership, though. Ethical concerns regarding privacy and free speech have been raised. Reddit's CEO sees this as a step towards improved content relevance and community engagement, despite potential backlash from the platform's privacy-conscious user base.
This partnership is a strategic move for both entities, aiming to leverage AI for user engagement and advertising, while navigating complex ethical landscapes.
That’s not the only big news with Open AI and Chat-GPT.
OpenAI recently showcased GPT-4o, an upgrade to ChatGPT, positioning it as a superior AI assistant capable of handling text, voice, photo, and video inputs, outperforming Google's upcoming Gemini AI in terms of multimodality and immediate availability.
ChatGPT-4o
Despite GPT-4o advanced capabilities and free accessibility, it unfortunately has a knowledge cutoff in May 2023, slightly earlier than GPT-4's December 2023. OpenAI's approach involves training each new model generation from scratch to enhance their architecture and dataset diversity, leading to variations in knowledge cutoffs among models. Additionally, the ChatGPT interface allows users to select between GPT-4o, GPT-4, and GPT-3.5 to compare responses, illustrating OpenAI's continuous efforts to refine their models.
Google is Spending BIG in the AI Race
Google were not going let Open AI have all the exciting futuristic announcements. Google has announced a $2 billion investment in Malaysia.
This marks Google’s largest financial commitment in the country, where it has been operational for 13 years.
This investment aims to support Malaysia's 'Cloud First Policy' and includes the construction of Google's first data center and cloud region in Malaysia to cater to the growing demand for AI and cloud services.
The initiative aligns with advancing cybersecurity standards and is expected to enhance Google's digital services like Search, Maps, and Workspace. Additionally, Google has introduced two AI literacy programs for local students and educators. The investment is projected to contribute over $3.2 billion to Malaysia's GDP and create 26,500 jobs by 2030, aligning with the country's New Industrial Master Plan 2030 to foster digital innovation and enable industries to embrace advanced technologies. This development is part of a broader trend of technology giants investing in Southeast Asia to leverage the burgeoning demand for cloud computing and AI services.
This is going to allow Google to flex while still cutting costs.
NVIDIA FTW
The final story of this week is all about Nvidia corp.
Nvidia Corp, typically not considered a meme stock, experienced a significant increase in call option trading, reaching its fourth-highest notional level as shares hit a record high above $1,100. This surge, occurring outside an earnings report period for the artificial intelligence leader, contributed to a gamma squeeze in the stock market. The phenomenon was driven by a sharp rise in near-worthless call contracts, leading to a feedback loop where option dealers had to purchase more shares to adjust their hedges, further boosting the stock's price. This event mirrors a similar rally in Tesla Inc. shares in late 2021, with Elon Musk's recent actions fueling Nvidia's momentum, adding approximately $470 billion to the company's market capitalization.
NVIDIA is driven by AI’s insatiable need for computer hardware, and has an upcoming 10-1 stock split, but some analysts say, “watch out.”
Remember, when stocks are at highs, it increases the risk of a downturn .
I hope you all enjoyed hearing about the top stories in the world of AI this week, and I, Andrew Murray, content curator at the bot, will see you next week! Beep Beep!