🧋Box Introduces Novel AI Pricing Model

Subscribe | Browse Tools | Search News

Welcome to GPTEA, your AI sketchpad. Like cartoonists, we sketch out the contours of technology trends, bringing them to life with every stroke of knowledge.

We want to be the secret weapon that helps you blow your bosses mind with AI. So please shoot us an email 📩 if you have any questions.

Let’s get to it! 👇

In today's tea:

• Top Stories Today: US Space Force Suspends Use of AI Tools, Microsoft's Copilot Assistant Arrives in OneNote, Character.AI Unveils Group Chat with AI Companions

• Tools of The Day: Deta Space, Translate.Video, Opinly.ai

• Hot Tea: Box Introduces Novel AI Pricing Model

• Resources: Video Game Created with ChatGPT, Tesla Bot Update, Drag & Drop AI Agents

• Prompt of The Day: Create Website UI Designs With Diagrams

(Read time: 5 minutes)

📰 Tidbit News

Quick scan of the top AI stories

US Space Force Suspends Use of AI Tools US Space Force has temporarily halted use of generative artificial intelligence tools, including large language models (LLMs), due to data security fears. The pause affects government data use on web-based AI tools, such as chatbots and document-analyzing systems. (link)

Microsoft's Copilot Assistant Arrives in OneNote Microsoft 365 Copilot debuts in OneNote November 1, automating tasks such as list creation, note rewriting, and summarizing. Capable of transforming Office documents creation, it also includes features like chatbot query answering and event planning. Copilot also integrates to OneDrive's future overhaul. (link)

Character.AI Unveils Group Chat with AI Companions AI chatbot startup, Character.AI, has introduced a group chat feature for its subscribers, enabling conversations with multiple AI characters. Users can create AI-only or mixed human-AI group chats for various activities, from intellectual discourse to theme-based discussions. (link)

Klarna's AI Tool Intensifies E-commerce Competition Klarna unveils AI-powered image recognition tool allowing customers to find similar items within its app, directly challenging tech giants like Google. The tool uses data from Klarna’s near-billion dollar acquisition, PriceRunner. (link)

Adobe's AI Upscales Low-Resolution Videos Adobe's experimental tool, "Project Res-Up," uses AI to enhance quality of low-resolution GIFs and videos by improving sharpness and detail using diffusion-based upsampling technology. The tool demonstrated huge potential, drastically increasing pixel count and eliminating blurriness in an old movie clip and a cropped, low-resolution video of a baby elephant. (link)

🧰 The Tool Stack

Daily tools to optimize your workflow

1/ Deta Space - A new operating system for human-computer interaction (link)

1/ Translate.Video - Translate videos to 75+ languages with 1-click (link)

3/ Opinly.ai - Get insights on competitors in under 4 minutes (link)

View our list of the best 300+ AI tools mentioned in our newsletter:

🍵 Hot Tea

Our hot take on important AI topics

Box, commonly mistaken for DropBox, is a popular cloud-based content management and file sharing enterprise platform.

And they just released what appears to be the first-of-its-kind AI pricing model that I don’t think many are paying attention to.

At their annual conference, BoxWorks, they announced their new pricing model for its generative AI product Box AI.

Before we dive into the pricing model, we need to first understand the product.

Here are some features of Box AI:

• Document queries on files such as legal contracts

• Content generation in Box Notes to do things like create bullets points from meeting notes

In both cases, those actions would cost you 1 credit.

Box is allocating each user 20 credits per month which essentially allows you to perform 20 AI tasks.

That being said, enterprise plans have an additional credit pool for shared usage.

So let’s say you have 200 employees in your company, each with 20 credits.

If a singular department with 20 employees uses up all of their credits, they can being dipping into the company’s shared credit pool.

Let’s say there’s an additional 2,000 credits in the shared credit pool. Thus, those 20 employees could theoretically perform an additional 100 tasks each assuming no other employee maxes out on their monthly credit.

This shared credit product economy represents an interesting new system that will likely be applied across new AI products and systems.

Here’s a better way of thinking about this.

If you look at video games, a majority of your user base are normal users where they play for free and don’t purchase any in-game items.

However, there are a few power users that are die-hard fans and will literally give you all of their money to obtain every single item in the game.

And Box AI has invented a creative way to take monetize on this human phenomenon.

So similar to video game companies, these new AI SAAS products will likely start charging credits to organizations as a pay-to-play model for performing AI tasks.

This is a direct result of the GPU shortage whereby AI startups are competing for computing resources from AI chips and cloud services.

Thus, this is an effective way to capitalize on “surge-based'“ pricing without bleeding a department’s budget dry.

That means companies will need to think long and hard about which departments need more credits and more importantly, what AI tasks need to be done on a frequent basis.

Read more here.

🧠 Resources

Tutorials, podcasts, and other learning materials

1/ Video Game Created with ChatGPT - Thread on how someone used DALL-E 3 and GPT-4 to code a video game (link)

2/ Tesla Bot Update - New functionality updates on Optimus, Tesla’s humanoid robot. (link)

3/ Drag & Drop AI Agents - Overview of n8n, a visual UI for building AI agents with LangChain without needing to code (link)

✍️ Prompt of The Day

Teaching you how to write better prompts

Create Website UI Designs With Diagrams

*Enable GPT4-V

Prompts:

1. Create a modern and colourful website mimicking the provided mockup.
2. Now write HTML code to create this web page using the designs above.
3. Here's the results of the code above. Can you fix the code so that French Fries and Noodles appear as white as well? 

Here’s the prompt in action!

*ChatGPT Plus Subscription Required

🖼️ Image of The Day

Witness the power of DALL-E 3 & Midjourney

And that's the tea for today! Cheerio till tomorrow, Nick (Mr. Timon), Ty aka (Mr. Pumba)

QUALITY OF THE TEA