GPT-4 Turbo, lower prices, custom GPTs announced at OpenAI's DevDay
Top stories today:
- GPT-4 Turbo, lower prices, custom GPTs announced
- WeWork files for bankruptcy in U.S., Canada
- SpaceX's revenue expected at $9B in 2023, $15B in 2024
- Israel may take security responsibility of Gaza post-war
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0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 close (4 PM ET / 1 PM PT).
All times are ET.
1. GPT-4 Turbo, lower prices, custom GPTs announced at OpenAI's DevDay
Pricing for OpenAI's APIs was cut across the board:
GPT-4 Turbo has a 128K context window, vs. 8K and 32K of GPT-4 and 100K of Anthropic's Claude-2.
Trained on information until April 2023, vs. Sep. 2021 of GPT-4.
Available in preview, rollout over the next few weeks.
The new Assistants API will help developers build AI agents within their apps.
100M weekly active users (WAUs) are on ChatGPT.
OpenAI is promising to defend clients against copyright lawsuits in what it's calling Copyright Shield.
DALL-E 3 and new text-to-speech APIs were also announced.
GPT Builder allows anyone to create their own chatbots
A GPT App Store will be available soon, and creators will get paid everytime someone uses their GPT
Our view: OpenAI is killing startups and expanding its moat
Like Apple, OpenAI is launching features and killing startups at the same time. Be careful building products that are mere features of OpenAI's products.
The GPT App Store brings further gains of scale/networks effects to ChatGPT, enhancing OpenAI's moat over its competitors.
Watch OpenAI's DevDay Keynote
2. WeWork files for bankruptcy in U.S., Canada
Once valued at $47B, the stock was -99.8% from its 2021 high, before being halted:
WeWork had been trying to reduce leases, but never managed to reach profitability
Sportradar gathered marketing leaders from companies including FanDuel, Meta, SNAP, and the NHL to share and exchange ideas at the Sportradar Connect US ad:s Summit.
Enjoy three insight-packed sessions centered around Omnichannel Marketing, Paid Social, and Sponsorships from the Sportradar Connect: US ad:s Summit and explore the hot topics of advertising and marketing in the sports industry.
4. SpaceX's revenue expected at $9B in 2023, $15B in 2024
Forward P/S of 10, based on the most recent valuation of $150B.
5. Israel may take security responsibility of Gaza post-war, says Netanyahu, as Gaza City surrounding continues
6. Interesting videos, posts, and memes
7. Other headlines
Intel in lead to receive $3B-$4B for Chips Act microchips facilities.
YouTube will test AI comment summarizer, conversational tool.
GM halts production of Cruise driverless van.
Meta bars political advertisers from using gen AI ads tools.
Flipkart founder to launch AI-as-a-service startup.
Aleph Alpha raising $500M Series B from Lidl owner, others.
Shein targets $90B valuation in U.S. IPO.
Replit receives $20M investment from Craft Ventures.
Instagram crosses 1M paid subscriptions to creators.
Bumble CEO Whitney Herd to step down, replaced by Slack CEO.
X CEO Yaccarino goes after video deals with NFL, NBA, others.
iMac 27” not in plans for Apple.
Klarna revenue +30% to $0.55B in Q3.
Sportradar: NBA player tracking measures usage like never before.*
Sidebar is a leadership program that accelerates your career.*
Tech & law
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