🔍 Microsoft, OpenAI, and Google investigated for tech deals

Welcome to AI Tool Report!

We’re the #1 resource bringing you the most comprehensive AI coverage in 4 minutes daily.

The biggest story of today: A federal investigation has begun to establish if the dominance of big tech companies over the AI market is preventing fair competition and harming innovation.

Plus, following the opening of the GPT store, we’re releasing a new GPT each week. Today, we’re launching the third and final edition of the Entrepreneur Strategist: Business Bottlenecks

Try it to get strategies that will help you overcome your business bottlenecks.

🌤️ This Morning on AI Tool Report

1. 🔍 Microsoft, OpenAI, and Google investigated for tech deals

2. 🚀 OpenAI drops prices and launches 2 new GPTs

3. 💰 OpenAI chairman raises $85M for AI start-up

4. 🤗 Google and Hugging Face announce partnership

5. ⚖️ George Carlin’s daughter sues over AI-generated fake comedy

Read Time: 5 minutes

FINANCE

Brought to you by YellowBrick

REGULATION

🔍 Microsoft, OpenAI, and Google investigated for tech deals

Our Report: The US Federal State Commission (FTC) has launched an inquiry to establish if big AI companies' investments and partnerships are preventing fair competition and impeding innovation by exerting inappropriate influence.

🔑 Key Points:

• The FTC has ordered dominant AI companies (including OpenAI, Microsoft, Google, and Anthropic) to provide information on investments and partnerships with AI companies and cloud service providers.

• While the FTC has confirmed that “no wrongdoing is alleged”, companies will need to provide the rationale behind their partnerships and investments and an analysis of how their transactions have impacted competition.

• While Anthropic and Amazon have declined to comment, and Google and OpenAI are yet to respond, Microsoft has stated that their partnerships are “promoting competition and accelerating innovation”.

🤨 Why you should care: The British Competition and Markets Authority is conducting a similar inquiry, which represents a global effort to scrutinize how AI firms are using their power to influence the rapidly growing industry.

In Partnership with OctoAI

Mixtral on OctoAI: 12x lower costs, 30% faster speeds vs GPT-4-Turbo

The trend is clear: Innovators who built on OpenAI are hungry for alternatives as their LLM-powered apps catch fire with users. Why?

• Inference costs on OpenAI are too high for new apps to become successful businesses, especially for the fine-tuned models.

• Low latency and scale don’t come out of the box unless you can commit hundreds of thousands upfront to OpenAI. Not realistic for most folks.

• Closed-sourced models lack the flexibility needed to orchestrate the cocktail of checkpoints, embeddings, etc., that deliver excellent experiences.

OctoAI is the fastest, most affordable option to run Mixtral 8x7B, and the engineering effort to switch is negligible as the API formatting is the same as OpenAI.

Customers making the move see comparable quality, 12x savings, and 30% lower latency when switching from GPT-4-Turbo.

Try OctoAI Text Generation and get $10 in free credits when you sign up today.

1. UXSniff provides website insights for improved UX

2. YT Ideas generates your next YouTube video idea

3. Blogmuse creates new content for your website

4. Better Assist automates customer responses

5. GoPDF is a PDF management tool

GENERATIVE AI

🚀 OpenAI drops prices and launches 2 new GPTs

• Next week, OpenAI is launching a new GPT-3.5 Turbo model (which powers ChatGPT), which will improve accuracy when completing tasks.

• They are also reducing GPT-3.5 Turbo’s input token prices by 50% and output token prices by 25% (for the third time in a year) to “help OpenAI customers scale.”

• Furthermore, they’re also releasing a new version of GPT-4 Turbo in preview mode (it will be made available to the masses soon) which will enable users to have conversations with the chatbot.

💡 Entrepreneur Strategist by AI Tool Report

✅ Designed for entrepreneurs, the Entrepreneur Strategist generates custom strategies to help you overcome your business bottlenecks.

Edition 3 of 3: Business Bottlenecks

When To Use: When you're experiencing bottlenecks in your business that hinder growth, decision-making, or operational efficiency.

1. Step 1: Ask the Entrepreneur Strategist for help: Choose option 3 "I need some help with this bottleneck", then detail the specific issue you're facing with your business. Don’t forget to provide context about your business for more accurate responses.

2. Step 2: Receive custom strategies: The Entrepreneur Strategist comes up with dedicated strategies that fit your business, for example for your e-commerce company:

   1. Supply Chain Optimization: Streamlining for faster delivery and cost reduction.

   2. Customer Service Improvement: Enhancing response times and satisfaction.

   3. Inventory Management: Efficient tracking and management to balance stock.

   4. Digital Marketing Optimization: Boosting online presence and customer engagement.

3. Step 3: Learn More & Adapt: Choose a suggested solution, and continue to learn from the Entrepreneur Strategist on how to apply these improvements to solve the bottleneck and create new value for your business.

Give it a try!

Director of AI & Advanced Analytics | Maximus

Remote / $97,900/yr - $225,000/yr / 3+yrs AI/ML experience

“We are looking for an accomplished hands-on technical leader and team player to be a part of the Artificial Intelligence (AI)/Advanced Analytics leadership team. You will lead and collaborate with teams in advancing the applied use of AI, Machine Learning (ML), and other data science techniques to drive responsible outcomes for our client’s hardest mission problems and support the end-to-end implementation of those solutions.”

Experienced Data Scientist | Principal Financial Group

Remote / $106,400/yr - $167,000/yr / 2+yrs ML experience

“We’re looking for a Data Scientist III and a Senior Data Scientist I to join our Benefits and Protection Data and Analytics team. In these roles, you will work on machine learning models to drive business value while being a technical mentor to team members, being able to partner closely with collaborators to identify needs and deliver data science solutions.”

Advanced Writer | Outlier

Remote / $40/hr / flexible hours

“Work on challenging projects that push the boundaries of AI, set your own hours and work remotely from anywhere, participate in our paid enablement program—which will equip you with top-level skills & strategies to train AI models—gain valuable experience in AI while honing your writing skills, and join a team of talented professionals who share your passion for AI and English language.”

FUNDING

💰 OpenAI chairman raises $85M for AI start-up

• Bret Taylor (ex-Twitter chairman, ex-Salesforce CEO, and current OpenAI chairman) is about to close an $85M investment to fund his AI start-up, Sierra.

• If successful, the deal will value Sierra (which he co-founded with ex-Google VP, Clay Bavor), at almost $1B, giving it unicorn status.

• Sequoia Capital will lead the funding round, having already contributed to a previous funding round in June (which was led by Benchmark), where Sierra raised $20M, which gave it a valuation of $100M.

PARTNERSHIPS

🤗 Google and Hugging Face announce partnership

• Google and Hugging Face (which develops tools for building ML apps) are partnering up to help developers build and train large AI models, quickly and cost-effectively.

• The partnership will give developers access to Google Cloud’s AI-optimized infrastructure (Vertex AI), making it their preferred destination for work and training.

• This partnership will advance both companies' shared mission to democratize AI and support open-source AI ecosystem development.

LAW

⚖️ George Carlin’s daughter sues over AI-generated fake comedy

• “George Carlin: I’m Glad I’m Dead”–an AI-generated comedy sketch–caused controversy when it was released, with his daughter claiming it was an attempt to capitalize on her father's goodwill.

• Carlin's daughter is suing Dudesy (the maker of the fake comedy sketch), claiming it was a violation of Carlin's right to publicity and copyright.

• Carlin's attorney stated that the case isn’t about AI, “it’s about the humans that use AI to violate the law, infringe on intellectual property rights, and flout common decency.” Dudsey has yet to respond.

✅📈 Feature your product/service in AI Tool Report…

Over the past year, AI Tool Report has worked with Hubspot, Brave Browser, SurfShark, Guidde, Graft & many more—presenting their AI products/services to over 490,000 AI enthusiasts, boasting:

• A consistent 52% open rate

• Best-in-class ad performance

• A growing ecosystem of AI products/services

Reach AI Enthusiasts Today—Book An Ad Slot With AI Tool Report

🛌 New AI model that inspires lucid dreams 

 📉 PayPal shares fall after AI announcement

🎤 Google releases new text to video model

We read your emails, comments, and poll replies daily.

Hit reply and let us know what you want more of!

Until next time, Martin & Liam.