Happy Monday!

Welcome to the 8 new hungry minds who have joined us since last Monday! 🤯 If you aren’t subscribed, join smart, curious, and hungry folks by subscribing here.

In this week’s issue:

• 🗞️ Meta releases AI music generator, Mercedes-Benz integrates ChatGPT for voice commands and Twitter's new CEO outlines vision for Twitter 2.0

• 🛠️ Leverage GPT for engineering and design systems for free. Simplify your newsletter reading experience with an app. Deep dive into DeepMind's new sorting algorithm in layman’s terms

• 💡Steal this business idea: IntelliVoice, an AI-powered voice assistant tailored for industries, inspired by Mercedes' integration of ChatGPT and the growing voice assistant market

Reading time: 5 minutes

🧠

Food for Thought

Sharpen your mindset

Mindset: Adaptability, resilience, and continuous improvement are crucial in achieving success. This highlights the power of restarting, resetting, readjusting, and refocusing as necessary steps in overcoming challenges and pursuing your goals. It motivates us to embrace change, learn from failures, and keep refining our approach until we achieve the desired outcome.

Example: One real business example that embodies this quote is Netflix. In the early 2000s, Netflix started as a DVD rental-by-mail service, but as technology evolved and consumer preferences shifted towards streaming content, the company recognized the need to reset and refocus its business model. Netflix transitioned into a streaming service, investing in original content production and revolutionizing the entertainment industry. Their ability to adapt and constantly reinvent themselves allowed them to become a global streaming giant.

Action item: Reflect on goals/projects, pinpoint a stuck area, embrace a restart mindset, make changes/adjust strategies, refocus efforts, and take one small action today aligning with renewed focus. Incremental adjustments lead to progress.

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🗞️

The Weekly Pulse

Tech, AI, and business news worth your time

🎵 Meta Releases Open-source AI Music Generator (3 min)

Brief: Meta challenges Google with MusicGen, a new AI tool that can generate short music clips from text descriptions and reference audio, trained on 20,000 hours of music from various sources.

Takeaway: MusicGen showcases Meta’s ambition to democratize AI creativity and compete with Google in the generative music domain, but also raises ethical and legal questions about the originality and ownership of AI-generated music.

🚗 Mercedes-Benz Is Adding ChatGPT to Cars for AI Voice Commands (3 min)

Brief: Mercedes-Benz partners with OpenAI and Microsoft to integrate ChatGPT chatbot into its MBUX voice assistant feature, enabling more natural and adaptive interactions with drivers.

Takeaway: ChatGPT is the latest example of how generative AI is transforming various industries and applications, but also raises questions about data protection and AI safety.

�� Twitter’s New CEO Linda Yaccarino Sends Her First Memo to Employees (3 min)

Brief: Yaccarino, a former NBCUniversal ad executive, outlines her vision for Twitter 2.0 as a global town square that needs transformation, echoing Elon Musk’s goal to drive civilization forward.

Takeaway: Yaccarino faces the challenge of rebuilding Twitter’s ads business and fostering a culture of innovation and collaboration, while also dealing with the ethical and regulatory issues of social media platforms.

📰 Function Calling and Other API Updates (5 min)

Brief: OpenAI announces updates including new function calling capabilities, updated models (gpt-4 and gpt-3.5-turbo), a 16k context version, significant cost reductions, and the deprecation timeline for older models. Developers can now integrate external tools and APIs more effectively with GPT models.

Takeaway: This update presents exciting opportunities for developers to leverage GPT models by enabling them to call functions, connect with external tools, convert natural language into API calls, and extract structured data. The cost reductions and improved steerability make it a valuable resource for building intelligent applications and advancing market trends in AI technology.

🚀 Virgin Galactic Announces Commercial Spaceflights (3 min)

Brief: After years of testing, Virgin Galactic is set to commence commercial spaceflight services, starting with scientific research missions and followed by private astronaut flights, as the company aims to reduce scarcity, lower prices, and increase flight frequency in the future.

Takeaway: This news marks an important milestone in the space tourism industry, with Virgin Galactic's launch of commercial spaceflights signaling the potential for a shift towards more accessible and frequent opportunities for individuals to experience space travel, paving the way for market expansion and technological advancements in the realm of space exploration and tourism.

👶 Synthetic human embryos created in groundbreaking advance (4 min)

Brief: Scientists have used stem cells to create synthetic human embryos that resemble the earliest stages of development, without using eggs or sperm, for research purposes.

Takeaway: Synthetic human embryos could help scientists understand the causes of genetic disorders and miscarriages, but also pose ethical and legal challenges that need to be addressed.

🐇

The Rabbit Hole

Tools, trends, and resources curated to get you ahead

TREND (GPT for engineering) → Create a little engineer agent to design and build a system for free

TOOL (Newsletters) → The only reading app you’ll ever need to read newsletters

ARTICLE (Algorithm deep dive) → Understand the recent new sorting algorithm from Deepmind in simple terms

TREND (ML for trading) → Leverage machine learning for designing and back-testing trading strategies

TOOL (AI for trading) → Build, compose, and test trading strategies with AI and out-of-the-box algorithms

ARTICLE (VIM for normies) → Understand and use VIM coming from a VSCode background

TOOL (DevEx) → 30 seconds snippets of code to do any dummy thing as a developer

ARTICLE (Web media performance) → A deep dive into how to serve images in the modern web

💡

What If?

The business idea you should steal

What? An AI-powered voice assistant solution tailored for specific industries or applications. It could integrate advanced natural language processing capabilities to enhance user experiences and offer personalized interactions in sectors like healthcare, customer service, or smart homes.

How? Use the building primitives from the LLM (large language models) to start from the ground up. The most important part here is to tailor the “how” to the specific industry you would be targeting. Do you need real-time responses? Probably, yes. What model and MLOps strategies you will use? The current context of AI sparks the light on this.

Why? Mercedes just made the move to integrate ChatGPT into their own commander system. What are the ones that will follow? What about other industries? The global voice assistant market size is projected to grow from USD 12.62 billion in 2023 to USD 59.62 billion by 2030. With the other AI-powered assistants not in the greatest shape, now might be the time to rebuild and focus on how to solve this problem across industries.

😁

Burp-A-Laugh

The most important meal of your day

That’s it for today! ☀️

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Thanks for spending part of your Monday morning with Hungry Minds.
See you in a week — Alex.