Welcome to Hi Ai, a weekly newsletter keeping you informed on the latest consumer-facing developments in the AI world so you can use the latest tech to start or build your own business.

OpenAI set to raise on a $29B Valuation

If you're looking for inspiration to start your generative AI startup, look no further. Alongside OpenAI, money is pouring into the space - and shows no signs of slowing down. Investors put almost as much money into AI companies in 2022 than they did in the past five years combined, a phenomenon that doesn't even take into account the enormous effect the launch of ChatGPT has had on the space.

Why this matters: It's your sign to start building!

Student is about to snitch on your AI-written essays

Well - it was fun while it lasted. But the short era of getting your essays written by ChatGPT might be over soon. 22-year-old Edward Tian spent his holiday break developing a tool that, with high accuracy, is able to detect if your essay is human or AI-written. His tool, GPTZero, scans your essay and assigns a score to two variables: perplexity and burstiness. In a nutshell, GPTZero will compare your text to what it has learned in training and is then able to determine whether it has the same “ups and downs” and variety in the length of sentences that are common in human writing. According to the developer, it has been used by thousands of people since its launch and successfully guessed the difference with a failure rate lower than 2%.

Why this matters for you: Well, you'll have to be a lot more careful when submitting essays solely written by AI, as teachers and university admission officers are becoming aware of tools like GPTZero and are currently brainstorming on how they can catch AI-based plagiarism. If you're going to go ahead and use ChatGPT in an academic context anyway, we recommend services such as Quillbot that can help you rewrite generated content.

Microsoft Creates Best Text-to-Speech AI Yet: VALL-E

Microsoft published the results of their new VALL-E text-to-speech AI alongside a mind-blowing demo you can try out for yourself here. What you need to know: It only requires three second sample of a voice to be able to replicate it; and VALL-E isn't publicly available yet. We'll let you know here when it is.

Why this matters: The business applications of VALL-E aren't fully understood yet, but there has to be opportunity here. Will audiobook narrations be a thing of the past? How can you monetize this tech?

New Version of ChatGPT May Be 571x Better

A new version of ChatGPT, using GPT-4 instead of the current 'GPT-3.5', will have 100 trillion parameters - a few orders of magnitude more than the current 175 billion. More parameters essentially means that the model will be able to create more content off of an even smaller prompt, and be more 'creative' in general. For example, a version of ChatGPT running GPT-4 could write you a 60,000 word book off of a single prompt, rather than the few paragraphs it's capable of now. However, we're in the dark on how long it'll take before we can get our hands on a consumer-facing version of GPT-4. Rumor has it GPT-4 is in testing right now.

Why this matters for you: If you're interested in starting a business using the creative output of ChatGPT, this is your sign to start. It'll only get more powerful. Build your customer base now and then prepare to scale it up fast when GPT-4 hits.

Two AI Business Ideas We Pulled From Twitter for You:

We're keeping it simple, so there's no excuse to start now.

1. YouTube thumbnail creator

2. Ebook outlines/content

The market for niche ebooks is huge - use ChatGPT to help you write about a topic that interests you, and you might just find some buyers!

Now that you're feeling motivated, here's your tool of the week to help you build your business:

https://allthingsai.com/

All things AI is a directory of all of the most useful AI tools available at the moment. They also have a glossary to make sure you understand all the terms you keep hearing, as well as a guide to ChatGPT to help you make the most of it.

Keep it up on your second monitor and watch your productivity increase!

Picture of the week

For our DALLE-2 picture of the week, the 'surprise me' prompt gave us the following: "a fortune-telling shiba inu reading your fate in a giant hamburger, digital art." We're happy with how it turned out.

DM us on Twitter via the button below and tell us about your best DALLE-2 prompt for a chance to get featured next week!

Hopefully you've been inspired by what you've just read - we shared some exciting pieces of news with you, gave you a few business ideas, and then provided you with a tool to help you put it all into motion.

Start building!