Hallucination fix for AI models

Hey folks,

ChatGPT has been available for barely 5 months, but 9 in 10 companies currently hiring want employees with ChatGPT experience, according to a survey of 1000 companies!

In today’s update:

📰 News: Pinecone raises $100m to fix AI Hallucinations

🛠️ Tools: Convert pictures of physical bills into digital record, create ads from text prompts and more.

🧠 Learn: Course on prompt engineering by Andrew Ng.

Reading time is 3 minutes. Let’s dive in 🤿

Hallucination fix for AI models

What: Large Language Models like ChatGPT are all the rage right now but there are still two major challenges:

1. Hallucination - LLM could respond with factually incorrect answers.

2. Stale Information - LLMs answers are based on stale training data. For example, ChatGPT’s knowledge cut off is September 2021!

Pinecone raised $100m at $750M valuation to solve both the problems.

Their approach is to store data as vector embeddings in a easy-to-use database. The AI models query the database for correct and latest information using APIs, essentially becoming the “memory” layer in the new AI application stack!

What’s next: Pinecone is in explosive growth mode, with 8x increase in paid customers in just three months!

An emerging trend is a class of startups building the “AI Application stack”. Think of LLMs as a new form of computation and reasoning engine, which powers the business logic of applications.

Last week, New Jersey-based CoreWeave locked up a $221 million investment, to build flexible cloud infrastructure to train AI models.

New Tools
Leverage AI to grow

• HackSocial: Create high quality social media posts. (link)

• Think: Build conversational AI chatbots powered by GPT. (link)

• Adout.ai: Create Ads with images using simple text prompts. (link)

• Typogram: Create unique logo for your product (link)

• Formx.ai: Convert physical raw documents into digital record (link)

Misc 🌎
From the corners of the Internet

• Andrew NG’s course on Prompt Engineering (link)

• Design hardware (computer chips) with AI assistant (link)

• FastGPT: A fast, full search AI answering engine (link)

• Now you could FaceTime ChatGPT - A visual animated wrapper that converts text to video (link)

• Dropbox is laying off 16% of its workforce to shift focus on AI (link)

• Palantir demos AI to fight wars (link)