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OpenAI’s Revenue Surges to $1.3 Billion as ChatGPT Drives Demand

Microsoft Copilot is now Available on iOS

Today in Smarter with AI🔥

  • Tutorial: Image Generation with Midjourney V6

  • OpenAI’s Revenue Surges to $1.3 Billion as ChatGPT Drives Demand

  • Microsoft Copilot is now Available on iOS

  • Nvidia in the Chinese Market

  • Trending AI Tools

  • Daily AI Funding💰

  • A Prompt on How to Learn Any Subject Thoroughly and Implement it into Your Business

Image Generation with Midjourney V6

  • Activate the Midjourney V6

    Initially, type “/settings” and hit the Enter key. Then, select Midjourney Model V6 [ALPHA]

    Now, version 6 is activated.

  • V6 creates amazingly realistic images

    For this, we used this prompt: Craft a hyper-realistic image of Tom Cruise, capturing his charismatic and iconic smile with striking clarity and detail, set against a blurred, cinematic background that suggests an action movie scene. The focus should be on his engaging eyes and signature expressions, reflecting his star quality and screen presence. --aspect 16:9 --stylize 50

  • The ability of Midjourney v6 to create trademarked logos is outstanding.

    To test this, we used this prompt: Chicken fries from KFC's with tomato sauce illustrate the KFC logo. Creative, dynamic composition varies the angle

After using the same prompts in both V5.2 and V6, it is noticeable that Midjourney V6 has advanced AI image generation with extended prompts, superior color control, lifelike accuracy, text-image integration, and enhanced image prompting and remixing.

OpenAI’s Revenue Surges to $1.3 Billion as ChatGPT Drives Demand

Image Source: Bloomberg | Getty Images

Highlights:

  • ChatGPT: OpenAI’s conversational AI chatbot, launched in February 2023, has become a popular and versatile tool for various applications, such as writing code, searching the web, and summarizing documents.

  • Revenue Growth: OpenAI’s CEO, Sam Altman, announced that the company’s revenue has reached $1.3 billion on an annualized basis, a 30% increase from the summer and a 45-fold increase from 2022.

  • Market Dominance: OpenAI has outperformed its competitors, such as Anthropic and Google, in terms of revenue and valuation, attracting major enterprises like Microsoft, Stripe, Volvo, and IKEA as customers.

  • Future Plans: OpenAI plans to unveil upgrades to ChatGPT and other performance improvements at its first developer event in November and expects a higher valuation in an upcoming tender offer.

Why It Matters: OpenAI’s financial success reflects the growing demand and potential of large language models (LLMs) as the next software “operating system” for a sustainable, clean-energy future.

Microsoft Copilot is now Available on iOS

Microsoft is launching its AI chatbot application, Copilot, on iOS and iPad devices. This app enables users to pose questions, create text, and produce images utilizing Copilot, previously referred to as Bing Chat.

Contrary to OpenAI's ChatGPT, which necessitates a subscription, Copilot offers free access to the most recent GPT-4 model.

Nvidia in the Chinese Market

Nvidia is launching a unique graphics card, the RTX 4090D, exclusively for the Chinese market. This development comes in response to the stricter export controls on high-performance chips by the US to China.

The RTX 4090D, compared to the top-tier RTX 4090, has fewer CUDA cores and requires less power, resulting in a roughly 5% decrease in speed for gaming and content creation.

Trending AI Tools

Artificial intelligence (AI) tools have revolutionized various sectors, providing innovative solutions and enhancing productivity. Here's a brief overview of some notable AI tools:

  • Labnote AI: An AI-powered research solution that converts text into structured lab notes, enhancing the efficiency of laboratory work.

  • Summary.sh An AI tool that provides abstractive and extractive summarization of text, making it easier to digest large amounts of information.

  • Study Like Pro: is an AI tool that seems to be related to enhancing the academic experience, possibly through personalized learning and organization.

  • AI Video Summary Top: An AI tool that provides summaries of long videos, such as lectures or meetings, making it easier to grasp key points.

  • Airwiz: AI data analyst tool designed to integrate seamlessly with Airtable for quick and intuitive data analysis.

  • Wazie: is an artificial intelligence-powered application designed to aid users in understanding and managing their health data.

These AI tools are transforming the way we work, study, and communicate, making complex tasks more manageable and efficient. They represent the exciting potential of AI in various fields, from academic research to customer service and data analysis.

Daily AI Funding💰

Nearpay has secured $14 million in a Series A funding round to revolutionize the payment industry (link).

Distributional has successfully raised $11 million in a seed funding round led by Andreessen Horowitz, with the goal of enhancing the safety, security, and dependability of AI (link).

A Prompt on How to Learn Any Subject Thoroughly and Implement it into Your Business

As a business owner, personal growth is essential for business expansion. Enhance your knowledge and creativity for innovative decisions. If you're too busy for formal education, ChatGPT can be your rapid learning companion.

Use these cues to swiftly acquire new business abilities. Experiment with various strategies to find your best fit. Enhance your leadership, communication, or content creation skills using these methods for quick and efficient learning.

1. Mastering Mind-mapping
I wish to learn about [mention the topic] to use it for [state the business goal or reason] in my business. Could you design a text-based mind map that outlines this subject in an easy-to-understand, visually appealing manner? The mind map should detail the main ideas, their connections, and practical uses. This will cater to my visual learning style and aid me in applying these insights to my business.

2. Deep Dive into Case Studies
I'm keen on learning about [mention the area of interest or skill] and how it's used in business. Could you provide a collection of case studies from various companies, along with instances from politics and history, that demonstrate successful application of this knowledge? Each case study should include a summary, the problems encountered, the solutions used, and the results achieved. This will give me a practical understanding of these concepts, offering fresh ideas for my business.

3. Probing with Socratic Questioning
I'm investigating the subject of [mention the topic] and its significance to my business in [describe your field or industry]. Using Socratic questioning, guide me to delve deeper into this subject. Start with questions about the relevance of this topic to my business, then proceed with questions that challenge assumptions and explore implications. This will help me better understand the topic and its potential effects on my business.

4. Role-playing for Understanding
I'm learning about [mention the topic] and wish to enhance my understanding through role-playing scenarios. Develop 5 fictional scenarios involving characters based on real-life individuals who inspire me, explaining and interacting with this topic. These scenarios should offer different perspectives on the subject, making it easier for me to grasp the concept.

5. Reinforcing Knowledge through Teaching
Having learned about [mention the topic], I now need to consolidate this knowledge by teaching it to others. Assist me in creating a presentation outline that I can deliver to my team. The outline should cover the key concepts, methodologies, and any practical applications relevant to our business. This will not only reinforce my understanding but also ensure effective application of this new knowledge within my team.

That's it for today. See you in the next issue!

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