📈 How are companies using AI?

➜ GPT-4o Is Here: Not GPT-5, not a search engine. On Monday, OpenAI launched GPT-4o, their new flagship model that integrates audio, vision, and text reasoning in real time. What we know now: it’s fast, it has significantly improved in solving math problems, and its coding capabilities got a boost. For startups, it's a reality check—how many will merely be seen as ChatGPT wrappers?

OpenAI

➜ Amazon Uses LLMs for Product Recommendations: Check out this super concise and intriguing article from the Amazon R&D team on their use of LLMs and knowledge graphs for product recommendations. The initial stats are promising, showing performance improvements on downstream tasks by as much as 60%.

Amazon

➜ AI in Age Verification: Diebold Nixdorf is testing an AI system at a German airport that scans faces to verify age for purchasing age-restricted items like alcohol and tobacco via self-checkout. The system has been accurate in 4 out of 5 transactions.

RetailDive

➜ VISA Takes On AI in Fraud Prevention: Visa has launched a generative AI tool to combat brute force attacks in online transactions. This AI learns patterns of normal and abnormal activities, helping card issuers decide in real-time whether to block a transaction. It has reportedly reduced false positives by 85%, compared to other risk models.

Finextra

➜ JP Morgan Chase Is Using AI to Identify Potential Investments: JPMorgan Chase is utilizing GPT-4 in a tool called IndexGPT to help analysts create thematic investment baskets for institutional clients. The tool aims to identify a broader range of stocks beyond the well-known players.

Bloomberg

➜ AI-Based Future of Dating: Bumble’s founder says your dating ‘AI concierge’ will soon date hundreds of other people’s ‘concierges’ for you. Are we setting the stage for AI-arranged dating experiences?

Fortune

➜ AI in Game Development: The CEO of EA has noted a strong desire among developers to use AI to expedite game development processes, with an expectation that AI could positively impact over 50% of their development processes.

VideoGamesChronicle

💡 What are the nerds up to?

➜ Open-Source Slack AI App: Frustrated with Slack's limited access and premium pricing for AI features like thread summaries and channel overviews, a product manager has taken matters into his own hands. He's coding an open-source alternative, which is now available on GitHub. Should we call it DIY-with-AI?

Repo on Github

➜ AI Climbing Coach: An interesting AI model designed for climbers has been developed to help visualize climbing techniques on any route. The creator plans to open source the entire codebase, including the model, backend, and frontend. Quite an unexpected use case, seems like a lot of fun!

SABR demo on YouTube

➜ AI-Powered Real-Time Voice Changer: The Supertone Shift tool allows users to switch voices in real-time, showcasing another fun and creative use of AI in modifying and enhancing digital interactions.

Supertone.ai

➜ LLMs Don't Understand Specialized Problems: A blog post aims to clear up common confusions by distinguishing between foundational AI and applied AI. This resource could be particularly valuable for those looking to understand the nuances of AI applications.

Waleson.com

➜ Controversy on Stack Overflow: Some Stack Overflow users are expressing dissatisfaction with a deal involving ChatGPT, concerned about their contributions being used for AI training. In response, users are considering removing their posts, despite potential losses in reputation, prompting discussions about terms of service and user content rights.

TheRegister

Thanks for reading!

I share these stories because I believe it's important for all of us to keep up with AI. To support my mission, share this newsletter on LinkedIn.