Justin's AI Newsletter (ChatGPT with Memory, Raising VC Money, AI layoffs)


Justin's AI Newsletter

The most interesting content, news, and insights in AI each week.

--

Hey friends—happy Sunday. This week, I caught a nasty cold. Is there anything that humbles you more than being sick? It's basically nature's way of reminding you that everything can change fast. Always a good perspective reset towards gratitude for health.

But, let’s get into the AI….


🧠 The Next Frontier: The Promise of a ChatGPT with an Extended Memory

Picture a ChatGPT that remembers every conversation you've ever had with it, complete with in-depth knowledge about your life, work, preferences, and more. One that provides personalized responses tailored specifically to you, each and every time.

Recently, researchers published a groundbreaking study detailing their efforts to develop an AI model capable of handling 1-2M+ tokens. This is the kind of research that could once again be a fundamental disruption in the world of AI.

To put things in perspective, ChatGPT's current memory is limited. When utilizing GPT-4, it has a context window of around 8,000 tokens, which corresponds to approximately 12 pages of text. This means the AI's capacity to remember your past exchanges is bound by this limitation.

Now, envision a ChatGPT with a context window encompassing 1 to 2 million tokens. Such a model could have the capacity to comprehend entire codebases, absorb your full business knowledge base, or even possess an intimate understanding of you on a personal basis. ChatGPT could potentially equal your closest friend in terms of understanding you, or possess as much insight into your company as the CEO.

The key to the success of AI lies in the quality of data and inputs you’re able to feed it. The more context we provide, the better its performance. If a ChatGPT response is off, it's rarely due to a deficiency in reasoning ability, but rather the limitations of the given context and the difficulty in identifying the optimal solution.

This area of AI is moving fast, and this research paper offers a glimpse of what the future might hold. As the context window expands, the output generated by AI models will become increasingly powerful. This is definitely a development to keep a close eye on.


🤝 Advice on Raising Money for a Startup

Right now, the AI market is booming. Thousands of startups are popping up everywhere, and investors are putting millions of dollars into these companies.

Earlier this year, my co-founder and I raised capital for our own AI startup. We talked with many investors before choosing the ones we believed would really help us on our journey. In fact, through our investor, we have a partnership directly with Microsoft and OpenAI (more on that here).

If you’re thinking of raising money for a startup, particularly in AI, here’s my number one piece of advice. Ask yourself this question:

“Do you truly and honestly believe you’re a good investment?”

This was the advice given to me, and as I thought more about it, I realized just how important it was.

Investor meetings shouldn’t come across as sales pitches. Be genuine, share your honest thoughts and feelings, and allow investors to see your vision sincerely.

So, if you’ve got an idea for an AI startup and want to raise money, go for it. Just put yourself in their shoes, would you give yourself the money?

💡 This Week's Recommendations

Apple is reportedly developing an AI-powered health coaching service: I am closely watching this, not because I think an AI-powered health app is big news, but because Apple has been awfully quiet through all this AI excitement. As the biggest tech company in the world, Apple has the most popular "AI" assistant currently available in Siri. There is no doubt that Apple is sitting on some powerful technology, but we have yet to see any of it.

Dropbox is laying off 500 people and pivoting to AI: This is the first tech layoff I’ve seen that directly attributes it to the rise of AI. Dropbox is making a significant pivot into the world of AI and cutting its workforce. This suggests that not only are they developing AI tools, but they also need fewer people to accomplish their goals.

Mini GPT-4 Multi-Modal Demo: GPT-4 is multi-modal, which means that it can receive both text and images as input. This team created an open-source version that you can play around with. Although GPT-4 multi-modal hasn't been officially released yet, this demonstrates the power of what's to come.

The UIs ChatGPT won't replace: For all the product and tech people reading this newsletter, check out this blog post. I spend a lot of my time thinking about what UI/UX changes will come about from AI. However, on the flip side, there's a lot that will remain the same. Here's a breakdown of UIs that are already good enough; AI won't touch them.

Mark Zuckerberg says Meta wants to ‘introduce AI agents to billions of people’: During Meta's earnings call, Zuckerberg stated that the company plans to introduce AI agents to billions of people. It seems that Meta is now fully committed to AI, with AI chat features in WhatsApp and Messenger, visual creation tools for posts in Facebook and Instagram, AI ads, and more.


Thanks for tuning in,

Justin

Justin's Full Content Library | Previous Newsletters

twitterinstagramyoutube

113 Cherry St #92768, Seattle, WA 98104-2205
Unsubscribe · Preferences

Justin Fineberg

I'm a startup founder and product manager with a focus in AI. I help companies build AI into their products and business. Subscribe to my newsletter to get the latest content and news in AI! It's read weekly by thousands of other curious people.

Read more from Justin Fineberg

Justin's AI Newsletter The most interesting content, news, and insights in AI each week. -- Hey friends, Long time, no see. I haven't written in this newsletter for over three months, and for that, I'm sorry. Three months is a long time, so if you’re new here (or have totally forgotten who I am), you probably found me on either TikTok or Instagram, where I share the hottest insights in AI. So, who am I? I've been creating content in the AI space for some time, but I'm also the founder and CEO...

Justin's AI Newsletter The most interesting content, news, and insights in AI each week. -- Hey friends, This week was another insane one in the world of AI. It's one of those weeks where it feels like years go by because of how much changes. Let's discuss. AI LAUNCHES 🤯 OpenAI's text-to-video model The future is officially here. OpenAI launched their text-to-video model Sora this week and the internet is going wild. That's because unlike previous models out there, Sora looks REAL. Garrett...

Justin's AI Newsletter The most interesting content, news, and insights in AI each week. -- Hey friends, If you feel like you haven't heard from me in a while, you're right. 😅 I've been heads down building for the past month... This is the reality of running a company and being a content creator. Our company, Cassidy, is a team of 8 people now, we’ve been growing fast, and we’re starting to onboard more companies than ever. It's a constant balancing act between diving into the weeds of...