🧬 AI race to the bottom

Hey folks,

Today we get into the race of AI models and the aggressive price competition that keeps dropping with every release of a new model, so let’s dive in..

🐝 Buzz News

AI Business
🧬 AI Business Models: A race to the bottom

The Buzz: The CEO of Cohere, has sparked a conversation about the evolving economics of AI. He points out that the traditional model of selling access to AI models is rapidly becoming unsustainable due to aggressive price competition, likening it to a "zero margin business."

🔑 Key Points:

• Price Wars: Major players like OpenAI and Google are engaging in price wars, driving down the margins to ‘almost zero’.

• High Costs: The development and training of AI models require substantial investment, with costs primarily in compute power, making the low-margin model precarious.

• Revenue Rethink: Gomez suggests that companies might need to pivot towards alternative revenue streams or product offerings to maintain profitability.

💡 Analysis: The AI industry's business model is at a crossroads. While the technology's capabilities continue to advance, the financial model supporting these innovations is under strain. Companies are now exploring new avenues for monetization, possibly integrating AI more deeply into existing products or creating entirely new services that leverage AI in ways not yet fully explored. This shift could redefine how AI companies operate and generate revenue, moving away from just selling model access to embedding AI as a core component in broader solutions.

^{Source: TechCrunch}

EV supercars
🚗 Lamborghini’s first EV is nearly ready - but are we?

The Buzz: Lamborghini has unveiled the Temerario, a cutting-edge plug-in hybrid supercar that marks the brand’s latest leap into the electrified future. This new model combines electrification with the brand's signature performance, offering a glimpse into the future of high-end, eco-conscious driving.

🔑 Key Points:

• Temerario Unveiled: Lamborghini introduces the Temerario, a plug-in hybrid supercar that blends high performance with eco-friendly technology.

• Hybrid Powertrain: The supercar features a state-of-the-art hybrid powertrain, delivering both electric efficiency and the raw power Lamborghini is known for.

• Sleek Design: The Temerario boasts a striking design that reflects Lamborghini’s commitment to innovation and luxury, all while embracing the shift towards electrification.

💡 Why It Matters: Lamborghini’s push into the hybrid market with the Temerario highlights the evolving landscape of the supercar industry, where sustainability and performance are increasingly intertwined. This model sets a new standard for luxury hybrids.

^{Source: TheVerge}

AI at work
💻️ Use image detection for random objects

If you have an unknown cable, ChatGPT can help identify what device it might be from to jog your memory. You can do this with any household object.

• Go to ChatGPT

• Upload your photo

• Prompt the following

what is this cord for?

“plastic 2-seater plane in the shape of a strawberry . Shot in the air, flying above the clouds. --ar 2:3 --style raw --s 45”

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