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Top stories today:
- OpenAI’s GPT-4o mini released: strongest small model, low pricing
- CrowdStrike deploying fix for Microsoft outage that hit firms globally
- Netflix’s revenue +17% to $9.6B in Q2, subscribers +8M to 278M
- Harris odds jumps to 22%, from 18%, after Obama pressures Biden
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
1. OpenAI’s GPT-4o mini released: strongest small model with very low pricing
GPT-4o mini’s MMLU of 82% is the highest among small language models, and its pricing is close to being the cheapest:
“Supports text and vision in the API, with support for text, image, video and audio inputs and outputs coming in the future.”
128K context window.
Oct. 2023: knowledge cutoff.
$0.60 per 1M output tokens.
OpenAI has talked to Broadcom about developing new AI chip.
Mistral released its open 12B model NeMo today, performing in line with Google’s Gemma 2 9B and Meta’s Llama 3 8B
Open models remain 6-12 months behind OpenAI.
2. CrowdStrike deploying fix for Microsoft outage that hit banks, airlines, stock exchanges globally
American, United, and Delta had grounded all flights.
London Stock Exchange, McDonalds, and many other companies reported issues.
CrowdStrike CEO said “a fix has been deployed.”“This is not a security incident or cyberattack.”
Stock -2% in the pre-market.
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