OpenAI DevDay 2024 Highlights!

Welcome back, folks.

OpenAI just dropped some major updates, and it’s like they handed out candy at a tech Halloween party. These updates are set to make AI more accessible and affordable for everyone.

Meanwhile, Microsoft just dropped some fascinating updates to its AI Copilot.

Let’s get into the exciting details. . .

Today in the “Incredible AI” world:

• OpenAI DevDay 2024 Highlights

• Microsoft Copilot’s New Horizons

• Create Custom Coloring Pages with AI

• Pinterest Unveils AI Tools

• 5 New Super Useful AI Tools

• AI Image of the Day

Read Time: 4 minutes

- LATEST DEVELOPMENTS -

Key Takeaways from OpenAI DevDay 2024:

OpenAI’s DevDay 2024 introduced significant updates aimed at making AI more accessible and affordable. These updates include new APIs and tools designed to enhance developer capabilities and reduce costs. The event showcased OpenAI’s commitment to innovation and developer support.

Things to Know:

• Realtime API: OpenAI launched the Realtime API, enabling developers to create low-latency, speech-to-speech applications. This API supports six distinct voices, enhancing user interaction and experience.

• Cost Reduction: OpenAI has significantly reduced API costs by 99% over the past two years. This move aims to make AI development more affordable and competitive against other tech giants.

• New Tools: The event also introduced new tools, including enhanced voice capabilities and integration options. These tools are designed to streamline the development process and improve application performance.

• Developer Support: OpenAI emphasized its commitment to supporting over 3 million developers. The company aims to provide robust resources and continuous improvements to foster innovation in the AI community.

These updates underscore OpenAI’s dedication to making AI tools more accessible and useful for developers worldwide. By reducing costs and enhancing capabilities, OpenAI is paving the way for more innovative and user-friendly AI applications.

Writer RAG tool: build production-ready RAG apps in minutes

RAG in just a few lines of code? We’ve launched a predefined RAG tool on our developer platform, making it easy to bring your data into a Knowledge Graph and interact with it with AI. With a single API call, writer LLMs will intelligently call the RAG tool to chat with your data.

Integrated into Writer’s full-stack platform, it eliminates the need for complex vendor RAG setups, making it quick to build scalable, highly accurate AI workflows just by passing a graph ID of your data as a parameter to your RAG tool.

Learn more about our production ready RAG tooling here.

Microsoft Revamps Copilot with New Features:

Microsoft has introduced Copilot Labs and Copilot Vision, aiming to enhance AI capabilities and user experience. These features are designed to provide deeper reasoning and better contextual understanding, ensuring more accurate and helpful responses.

Things to Know:

• Copilot Labs: This initiative allows a select group of users to test new AI features before their general release. The first feature, Think Deeper, helps Copilot solve complex problems by taking more time to provide detailed answers.

• Think Deeper: This feature uses advanced reasoning models to tackle challenging questions. It is currently available to Copilot Pro users in select countries, including Australia, Canada, and the UK.

• Copilot Vision: This new feature enables Copilot to understand the content users are viewing. Integrated with Microsoft Edge, it can answer questions and suggest next steps based on the page’s content.

• User Control: Copilot Vision is an opt-in feature, ensuring user privacy and control. None of the content is stored or used for training, and it is discarded once the feature is closed.

These advancements highlight Microsoft’s commitment to balancing innovation with user safety and privacy. By trialing these features with a limited audience, Microsoft aims to refine and improve them before a wider rollout.

Become a Pro Member of the ‘Incredible AI’ Family:

- AI TUTORIAL -

How to Create Custom Coloring Pages with AI:

Coloring pages are a great way to relax and de-stress, but finding unique and interesting ones can be a challenge. That's where AI comes in.

ColorBliss is an AI platform that allows you to generate customized coloring pages from your imagination in just seconds.

How it works:

1. Get Started: Visit ColorBliss and Create an account

2. Describe your coloring page: Simply enter a description of what you want your coloring page to look like. Be specific and include details about the colors, objects, and overall theme.

3. Generate your masterpiece: Click the "Generate" button and ColorBliss will use its AI to create a unique coloring page based on your description.

4. Color and enjoy: Download or print your coloring page and unleash your creativity.

Let your imagination run wild and create one-of-a-kind coloring pages that you'll love. Sign up for ColorBliss today and start exploring the world of AI-generated coloring fun.

Pinterest Rolls Out GenAI Tools for Advertisers:

Pinterest has introduced generative AI tools for advertisers to enhance product imagery. These tools allow advertisers to transform plain backgrounds into engaging lifestyle images, aiming to increase click-through rates and conversions.

Things to Know:

• Generative AI for Advertisers: Pinterest’s new AI tools enable advertisers to create dynamic product images from simple prompts. This feature aims to make ads more appealing and effective.

• Enhanced Product Pins: Advertisers can now turn basic product images into visually engaging content. This transformation is expected to attract more clicks and improve overall ad performance.

• Early Success Stories: Walgreens tested these AI tools and saw a 55% higher click-through rate and a 13% lower cost-per-click. This demonstrates the potential effectiveness of Pinterest’s new features.

• Automation and AI Integration: The combination of AI and automation in Pinterest’s Performance+ suite helps advertisers create campaigns more efficiently. This reduces the input required by 50%, making the process faster and easier.

Pinterest’s new AI tools for product imagery offer a promising way for advertisers to boost engagement and conversions. By leveraging these tools, advertisers can create more compelling ads with less effort, potentially leading to better results.

- BEST AI TOOLS -

Envision AI: Summarize hours of customer interviews in minutes. Import, transcribe, and get detailed AI notes of your Zoom calls in under 5 minutes.

Magic Documents: Organize, rename, summarize, and extract key data from any document with AI.

Audio Note AI: Quickly transform your thoughts and audio into professional text, with a versatile approach to expressing and recording ideas.

Final Round: Provides real-time transcription and contextual assistance during online interviews to help you land your dream job.

Caspa AI: Bring your e-commerce products to life by adding photorealistic human models, animals, and custom backgrounds.

- AI IMAGE OF THE DAY -

A Modern-Day Piccasso-Like Masterpiece:

Prompt:

"A captivating conceptual painting that explores the profound theme of healing through love and understanding. Two figures, one in emotional distress with tears flowing, are depicted in an intimate embrace with the other, who offers comfort and support. The background is a swirling vortex of dark and stormy colors, symbolizing pain and turmoil, contrasting with the warm and soothing hues of the tender interaction between the figures. This evocative piece invites the viewer to contemplate the transformative power of love and compassion in overcoming life's hardships., painting, conceptual art"

- RAISE YOUR VOICE -

FEEDBACK:

Thanks for reading!

Feel free to share any specific feedback or interesting insights by replying to this email. Because your wish is my command!

- DO ME A FAVOUR -

If you find this email in your ‘Promotional or Spam’ tab, please move this email to your Primary Inbox.

I work so hard to bring all the latest AI news, tips, and tutorials directly to your inbox so that you don’t have to do the research by spending hours.

But if you don’t get to read my email, we both lose something.

I request you to move this email from the ‘Promotional Tab to Primary Inbox,’ so that you never miss my email and keep learning all the latest happenings in the AI Industry.