💡 Open AI's big loss

Read time: 4 minutes

Hi there, AI visionaries! We're back with more AI news to spark your imagination and curiosity.

In Today’s AI Report:

• 🚨 190,000 jobs lost: AI continues to tear through the industry

• 🌨 Open AI’s big loss: $540 million dollar loss

• 💼 Scale AI: AI job opportunities

• 💎 4 AI tools 4 You: Handpicked and tested 4 You

🚨190,000 jobs lost

We just reached 190,000 tech jobs lost in 2023 alone. In the entirety of 2022, 165,000 jobs were lost. We surpassed that by a mile with 7 months still left to go. We all know who the culprit is…

Chat GPT and other GPT models, let’s talk about what “GPT” means in simple english. “GPT” (generative pre trained transformer) is an AI model that is trained on human like text. Because of the training the model is able to respond in a manner that a human would… most of the time.

January 2023 sparked the most tech layoffs in one month since April 2001 (I wasn’t even born). It is now more important than ever to learn to drive AI before AI drives you

🌨 Open AI’s Big Loss

Surprise, Chat GPT wasn’t cheap to build

It takes serious computing power to run Chat GPT ask Sam Altman, because of this Open AI took a $540 million dollar loss in 2022 more than double their previous year.

But, in January, Microsoft invested $10 billion to own 49% of Open AI, but the growing demand for Chat GPT will add further cost pressure.

The company's revenue is projected to rise to $200 million this year and $1 billion by 2024. This may be a conservative estimate. What do you think?

💼 Scale AI 

Scale AI is a data platform for building AI applications for enterprises.

They are offering $25-45 an hour to help train their AI models. The best part is that you don’t need a technical degree! All that is needed is relevant topic experience and the ability to complete a given task.

AI may take away jobs, but it is also opening the door to jobs we have never seen before. Here are a few of the jobs available but you can see all job offerings here. (link)

💎4 AI Tools 4 You

• Aragon AI: Create professional headshots with AI (link)

• Microsoft Bing: Free alternative to Chat GPT (link) 

• Agent GPT: Chat GPT that runs by itself (link)

• Durable: Create a website in seconds with AI (link)