OpenAI launches fine-tuning API for GPT-3.5 Turbo
Bay Area Times
August 23, 2023
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Top stories today:
- OpenAI launches fine-tuning API for GPT-3.5 Turbo
- Excel can now run Python
- Meta updates its open-source speech, text translation AI model
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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. OpenAI launches fine-tuning API for GPT-3.5 Turbo
Its main use cases are:
Improved steerability: “make the model follow instructions better, such as making outputs terse or always responding in a given language.”
Reliable output formatting, to “consistently format responses.”
Custom tone of voice.
Shortening prompts (“by up to 90%”). - Techcrunch, OpenAI
Fine-tuning is 8x more expensive than normal GPT-3.5 Turbo, and closer to the price of GPT-4
2. Excel can now run Python
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4. Meta updates its open-source speech, text translation AI model, now called SeamlessM4T
It does everything in speech and text: speech recognition, speech-to-text translation, speech-to-speech translation, text-to-text, and text-to-speech.
Almost 100 languages are supported.
Non-commercial and open-source, CC BY-NC 4.0. - Techcrunch, Meta, Meta demo, Hugging Face demo
While scoring better than OpenAI’s Whisper on some metrics, not being commercially licensed is a big disadvantage of Meta’s model
OpenAI’s Whisper is available commercially, in contrast, as it is licensed under the MIT license. - Whisper license
5. UK IPOs have raised $1B in 2023, worst year since 2009
6. Majority of work desks are not occupied or are used for <3 hours, suggesting oversupply
Utilization is highest from Tuesday to Thursday
The global average utilization rate is 32%, with the UK leading at 56%, and North America at 21%
7. Interesting tweets, memes, and videos
8. Other headlines
AI
NVIDIA plans to 3-4x H100 sales to 1.5M-2M in 2024, earnings out today.
Hugging Face raising $200M at $4B+, led by Salesforce, at 100x+ ARR.
Tiger to sell 2% of Cohere at $3B valuation, vs. $2.2B valuation in June.
NVIDIA, VMware extend partnership to offer enterprise AI services.
Tech
Huawei building secret network of fabs to skirt U.S. sanctions.
Gympass shares sold at $2.4B valuation, revenue +80% YoY.
Meta reiterates promise to launch E2E encryption in Messenger in 2023.
India to attempt moon south pole landing at 8:30 AM ET.
Hackers sell doxxing info on anyone for $15 each.
Instagram adds chronological feed for Reels, Stories in Europe.
Twitch tests TikTok-style feed.
Fandom: interview with CEO Perkins Miller.
Truepill does recap, as Garry Tan departs board.
Business
Crypto
OpenSea executive gets 3 months in prison for insider trading.
Binance US taps MoonPay as banking alternative for USD onramp.
SBF “on bread and water” in jail, pleads not guilty to updated charges.
Tornado Cash is an entity, not software: judge.
U.S. politics
8 GOP candidates qualify for 1st debate, today at 9 PM ET.
10% tariffs for all countries: new Trump idea.
Trump docs case: witness changes testimony after new lawyer.
Hunter Biden’s links to China, Ukraine suggest more trouble ahead.
Biden campaign doesn’t commit to debate.
Trump attorneys guided false electors in Georgia: GOP Chair (co-defendant).
Meadows asks federal judge to take case, protect him from Georgia surrender.
World
Putin asks for support in remote speech at BRICS summit.
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