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- OpenAI officially goes after Google
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What’s in store:
OpenAI officially declared itself as Google’s rival with a new update.
More AI fundraising! Who this time?
Around the web: FTC claims Adobe hid fees and complicated cancellations; Adobe defends its practices.
Why you need to be reading The Hustle
Read Time: 6 minutes
OPENAI
OpenAI has introduced SearchGPT, an AI-driven search engine designed to revolutionise how we find information online.
Unlike traditional search engines, SeachGPT doesn’t just list links, it organises and summarises the information.
The search engine starts a large textbox asking, “What are you looking for?” Instead of just returning a list of links, SearchGPT summarises the results.
For example, it might summarise music festivals with short descriptions and attribution links.
In another instance, it can explain when to plant certain seeds, including different varieties and relevant links.
Here are the latest features:
Interactive Seach: Instead of just returning links, SearchGPT provides summarised answers and relevant details.
Visual Answers: Although the details are scarce, a feature called “visual answers” is also in the works.
Prototype Phase: Currently, SearchGPT is a prototype accessible to 10,000 test users. It aims to eventually integrate into ChatGPT, offering a seamless search experience.
Rivaling Google on a whole other level
Search GPT is currently a prototype, powered by the GPT-4 models, and accessible to 10,000 test users at launch.
OpenAI has partnered with third-party companies and uses direct content feeds to build search results, with plans to integrate these features into ChatGPT eventually.
This launch signals a potential challenge to Google, which has rapidly added AI features to its search engine to stay competitive.
It also positions OpenaI against Perplexity, an AI “answer” engine recently criticised for its AI summaries.
Unlike Perplexity, OpenAI has collaborated with news organisations, such as The Wall Street Journal and Vox Media, to develop SearchGPT.
Publishers have the option to manage how their content appears in OpenAI search features.
According to OpenAI, responses have clear, in-line, named attribution and links so users know where information is coming from and can quickly engage with more results via a sidebar with source links.
But why is it a prototype?
Firstly, if SearchGPT’s results are incorrect, it’s easier to dismiss.
There’s also the potential for getting attribution wrong or inadvertently copying articles, an issue Perplexity faced.
Essentially, by labelling it a prototype, ChatGPT can avoid any awkward questions.
OpenAI has been recruiting Google employees for its search team, and working on a new website hinting at this development.
OpenAI has gradually enhanced ChatGPT's connectivity to the real-time web. While GPT-3.5 was outdated upon release, last September saw the introduction of "Browse with Bing," a feature that seems basic compared to SearchGPT.
Despite its rapid advancements and millions of users, OpenAI faces rising costs.
The Information reported that AI training and inference costs could reach $7 billion this year.
SearchGPT will be free during its initial launch, but without ads, OpenAI will need to find ways to monetise it soon.
By releasing this innovative search tool, OpenAI is setting the stage for a new era in AI-powered internet searches.
Google, we hardly knew ya.
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READING LIST
We’re always on the hunt for cutting-edge stories. Every day, 2.5M+ people trust us to send them the best headlines across business and tech – and like any good paper people, we always deliver.
Spare you the deets, see for yourself.
On This Day
July 27th 1866 - The first permanent transatlantic telegraph cable is successfully completed, stretching from Valentia Island, Ireland, to Heart's Content, Newfoundland.
AI Image or Real?
That’s a delicious-looking Pizza! Is it real though?
Vote below!
The poll results and correct answer will be revealed in tomorrow’s Mindstream!
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Mystery Link…
AI FUNDING
Until last year, Arjun Pillai held the role of chief data officer at ZoomInfo, a B2B database company.
Having already founded and sold two startups, including Insent to ZoomInfo in 2021, Pillai was ready for his next venture.
the release of ChatGPT sparked an idea to use generative AI to improve technical sales.
In August 2023, Pillai left ZoomInfo and launched DocketAI, a virtual sales engineer.
On Thursday, DocketAI announced it had raised $15 million in Series A funding, led by Mayfield and Foundation Capital.
While at ZoomInfo, Pillai noticed sales engineers were often involved in calls that didn’t need their expertise, answering routine questions from account executives.
This inefficiency led him to create an AI solution, to help non-technical salespeople with queries and document drafting.
What you should know:
DocketAI helps non-technical salespeople with technical and drafting documents.
The AI integrates from over 100 applications and learns from top salespeople.
Sales teams using DocketAI see increased productivity and win rates.
Making sales smarter, one query at a time
DocketAI doesn’t replace sales engineering but allows them to focus on complex deals.
The AI integrates and indexes data from 100 applications, learning from the actions of the actions of top salespeople to scale best practices across organisations.
Pillai claims this increases productivity and win rates for sales teams
DocketAI has been selling its product since earlier this year, adding several new enterprise customers each month.
Customers range from small teams to large organisations, including ZoomInfo and Demandbase.
AI won’t put me on hold, and that’s what matters most!
STARTUPS
Startup PromoTix ($48M in traction) is saving the events industry
PromoTix is solving the event industry’s challenges around high ticket fees and low attendance. Ticketmaster and competitors charge up to 40% of the ticket price to book, deterring guests who can’t afford the added cost. Combined with a crowded marketing space, events struggle.
PromoTix is raising funds to expand. Already profitable, with 656k users and $48M in sales in its first 30 months, PromoTix has low-fee and no-fee SaaS pricing, as well as patented marketing tools that drive attendance.
Mindstream Picks
Major video game makers face a strike by Hollywood performers over unresolved AI protections, despite agreeing on wages on job safety.
Sierra Space completed a second burst test of an inflatable module for the Orbital Reef space station, achieving 74 psi, exceeding NASA’s safety requirement of 60.8 psi.
BitFlyer Holdings acquired FTX Japan and plans to launch crypto-based ETFs and provide crypto custody solutions for institutional investors, as announced by CEO Yuzo Kano on July 26.
The Dow surged Friday, ending a tough week positively, with the S&P 500 and Nasdaq also rising.
Don’t Miss - The FTC’s unredacted complaint reveals Adobe executives’ internal discussions about hiding early termination fees, despite customer dissatisfaction and studies showing the process was too complicated. Adobe plans to challenge the FTC’s case, arguing that their cancellation flow is clear and compliant.
AI Art
Our Image of the Day
Artwork submitted by Mindstream reader Kort K.: “Blacksmith in medieval forge”
Daily Image Prompt
A shooting star seen from a rocket window
Yesterday’s Poll
“Do you think UBI could work on a larger scale?”
Absolutely, it's the future. - 65% ✅
Not convinced, seems too idealistic. - 35%
Your Views:
“The evolutionary arc of compulsory human labor has reached its apex, therefore people are being released to self-determine what will constitute work, or to do nothing at all. Machines doing all labor is appropriate and why they developed, that we got there by human-hands is truly unfathomable.” - thesunpeople
“The more you give the more they will spend and enjoy it because they have been suffering and need to enjoy life a little. While also being responsible and getting things done that absolutely need to get done but never had the money for like dental work and cosmetic procedures and nice to have things to support good health like healthy food and gym memberships.” - scottpfaff
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