🪄 Meta unveils new text-to-image tool

Bark! Welcome to Great Robot. We’re like the mavericks of AI, galloping across the vast plains of tech to bring you the most interesting stories from the business frontier.

Here’s what we’re chasing down today:

• 🗞️ Meta announces new text-to-image AI tool

• 🗞️ OpenAI says ChatGPT-4 is not getting dumber

• 🛠 Truewind: AI-powered bookkeeping and finance

• 💡 Learn how to ask your PDF documents anything

• 🗞️ ChatGPT usage declines due to school being out

🗞️ News

Meta Makes Bold Move with New Text-to-Image AI

Meta is ramping up its AI initiatives to compete with tech giants like Google, Microsoft, and OpenAI. It has introduced CM3leon, a pioneering text-to-image model, claiming top-tier image generation capabilities from text prompts.

CM3leon marks a significant leap in Meta's AI abilities, not only transforming text into images but also creating captions, paving the way for advanced image interpretation.

Key takeaways:

• Meta's newly unveiled text-to-image model claims to achieve top-notch performance in generating high-quality images from text

• CM3leon can also craft coherent captions for existing images, paving the way for more sophisticated image-understanding models

• Meta claims that CM3leon needs 5x less training to compute than other similar methods, offering an efficiency edge

• There are rumors that Meta is also preparing to release a commercial version of its LLaMA natural language model to outside developers

• With its focus pivoting toward AI, Meta aims to open new revenue streams

Our Take: Meta's AI acceleration could revolutionize business interactions with AI, unlocking new revenue avenues and fostering an open-source mindset that may redefine the AI scene of the future.

OpenAI Rebuffs Allegations of Degrading GPT-4 Performance

OpenAI is now deflecting accusations suggesting that the AI model GPT-4 has become "lazier and dumber."

OpenAI's VP of Product, Peter Welinder, dismisses these claims. He suggests that increased usage may have brought more attention to the model's existing limitations and that any perceived regression in GPT-4's performance is misinterpreted.

Here’s what we know:

• OpenAI is in hot water with claims of their GPT-4 model slacking off, drawing attention amidst other lawsuits and FTC investigations

• Users have expressed dissatisfaction with GPT-4, noticing a drop in reasoning and logic capabilities, API denials, and poorer results overall

• Peter Welinder, OpenAI's VP of Product, refutes the claims, stating each GPT-4 version is, in fact, smarter than the previous

• The dissatisfaction may stem from heavy usage, causing users to notice issues that weren't apparent before

• GPT-4's "black box" nature adds to the frustration, as developers cannot see if modifications are being made to the model

Why This Matters: Debates around tools like GPT-4 help open the black box of AI, helping us better understand how this transformative software works. Being stringent in our assessments can help improve future AI models.

🛠 Tools

Truewind: AI-Powered Bookkeeping & Finance for Startups

Tired of trying to keep your books clean while juggling your business? Say hello to Truewind, an AI prodigy that’s revolutionizing accounting and finance.

Its primary benefit? AI-driven bookkeeping and financial management for startups. Trust me, this YC-funded company can save time and money in the back office.

How Truewind Automates Back-Office Accounting & Finance

Dive nose-first into Truewind, and you'll unearth some remarkable accounting features that can help your business:

• AI-Powered Bookkeeping: Automated financial statements, invoices, and more. No more chasing tails over mismatched figures 🐾

• Fast Monthly Close: Your financial month-end doesn’t need to be a nightmare. Truewind whips up those monthly reports in a flash ⚡

• AI-Financial Modeling: Let the AI crunch the numbers, projecting your future finances with spooky accuracy 🚀

• AI-Powered Hiring Plans: Planning to expand your pack? Truewind helps draft hiring plans that fit your financial reality 🐕‍🦺

• AI Scenario Analysis: Exploring different financial what-ifs has never been easier. Experiment away, risk-free 🧪

Though Truewind makes number-crunching a breeze, it won't replace human financial intuition. Still, it’s a game-changer for automating accounting and financial processes. Visit Truewind for more!

💡 Tactics

Ask Your Documents Anything With the AskYourPDF Plugin for ChatGPT

Tangled in a web of endless documents? The AskYourPDF Plugin for ChatGPT is here to transform the way you interact with PDFs.

This brilliant tool dissects PDFs, presenting their vital contents to you on a silver platter. It's time to make those cumbersome documents dance to your tune, all with a simple command.

Key Takeaways:

• The AskYourPDF plugin allows ChatGPT to read and interpret information from PDF documents

• This tool has a range of features including downloading PDFs, extracting information, specifying page numbers, and error handling

• It can analyze various document types, including scientific reports and legal documents, and summarize or extract specific sections

Follow These Steps:

1. Locate & Install the AskYourPDF Plugin: First, go to the plugin store in the GPT-4 user interface. Search through the options until you find the AskYourPDF plugin. Click on the 'install' button. 👍

2. Activate the Plugin: Once the plugin is installed, find it in the list of your installed plugins and switch it on to be able to use its many features. 🖱️

3. Explore the Plugin's Functions: Now that the plugin is installed and activated, type in a query like "What are the capabilities of this plugin?"

The plugin will respond with an overview of its four main capabilities. This will give you a good idea of how to use it. 📘

4. Manually Upload Your PDF: You can manually upload your file to the AskYourPDF website. Then, copy the resulting document ID (doc_id) and paste it into the chat. 📂

5. Upload Via Google Drive: Alternatively, you can create a shared Google Drive folder, where you can upload your PDFs for the ChatGPT plugin to access. Adjust the sharing settings are set to 'anyone with a link can access'. 🚀

6. Analyze Documents: Ask the plugin to summarize, analyze, or find specific sections in your PDFs. It can handle scientific reports, legal documents, and books, among others. 📚

For more information on this tactic, check out the full video tutorial.

You can also refer a friend using the share button below to access our full list of AI tactics, which includes both how-to articles and full video tutorials by category👇

🗞️ Small Snacks

School's out for summer, and if ChatGPT usage is falling because students are off, that's a bad sign for OpenAI

Workers that made ChatGPT less harmful ask lawmakers to stem alleged exploitation by Big Tech

This is how generative AI will change the gig economy for the better

China is already softening its strict stance on AI

I'm an AI software engineer and I predict that most AI startups being funded today will die

🎁 Free Gifts

Craft the Perfect ChatGPT Prompts with our free prompt engineering cheat sheet and training video to create the perfect sequence prompts that work every time.

Choose the best AI tools for your business with our full list of top-rated AI software, which includes rankings by category as well as competitor comparisons.

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