Plus: No More NonCompete Contracts. + Microsoft's Phi-3 Small Language Models Lead the Way.

͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­

	Forwarded this email? Subscribe here for more ⏪ Reverse Engineering Prompts Plus: No More NonCompete Contracts. + Microsoft's Phi-3 Small Language Models Lead the Way. Yaro Celis Apr 24   READ IN APP   Get in Front of 50k Tech Leaders: Grow With Us In Partnership with Diffuse: Unlimited Personalized AI Videos. Please help us by filling out this form to get to know you better. 📰 News and Trends. Reverse Engineering Prompts. Diffuse: Create Unlimited AI Videos. No More NonCompete Contracts. Publications I am currently reading and recommending. Microsoft's Phi-3 Small Language Models Lead the Way. 🧰 AI Tools (Gaming & 3D) Upgrade to paid 📰 AI News and Trends Apple is developing an AI server processor using TSMC's technology, aiming for mass production by 2025 to enhance its data centers and AI tools. (MacRumors) AI Beauty pageants are coming. AI models take every toxic gendered beauty norm and bundle them up into a completely unrealistic package. (TheGuardian) OpenAI, Meta, and Google Sign On to New Child Exploitation Safety Measures. (WSJ) Ray-Ban's Meta Smart Glasses integrate multimodal AI for object identification and quick answers, enhancing functionality while maintaining ease of use. (TheVerge) Startup uses AI to edit human DNA (Neoscope) Perplexity introduces Perplexity Enterprise Pro ($40 Monthly), raising $62.7 million for expansion. It accelerates research for companies like Databricks and Zoom, maintaining answer integrity amid potential ad sales. (TC) 🌐 Other Tech news Tesla teases its upcoming Uber-like self-driving ride-hailing app. (Electrek) TSMC's Phoenix expansion is delayed to 2025 due to cultural clashes and integration challenges, raising concerns about its success despite significant investments. (RofTW) The Senate has passed a bill requiring TikTok's parent company, ByteDance, to divest from the platform or face a U.S. ban, citing national security concerns. President Biden is expected to sign the bill, which gives ByteDance up to a year to sell TikTok. This legislation aims to protect U.S. user data from potential Chinese government influence and manipulation. (TheVerge) Apple reportedly cuts Vision Pro production due to low demand. (TheVerge) Upgrade to paid Reverse Engineering Prompts Reverse prompting is a technique used in interacting with AI models, particularly those involved in text generation, but can also be done with images, bu uploading an image and asking for a prompt to create such an image. It involves starting with the desired output or answer and working backward to create a prompt that will lead the AI to produce that specific outcome. This method can be particularly useful when you want the AI to generate content that aligns closely with specific goals or formats. Reverse Engineering Prompts. Step 1: Identify Desired Output Objective: Understand what makes the output successful. Example: Analyze a compelling article for key elements like topic depth and engaging arguments. Step 2: Extract Core Elements Action: List essential components that define the output. Example: Identify themes such as "economic effects of climate change." Step 3: Construct the Prompt Task: Create a prompt incorporating these key elements. Example: “Write an in-depth analysis of the economic effects of climate change, including case studies and predictions.” Step 4: Test and Refine Process: Use the prompt, evaluate the AI’s response, and refine as needed. Once the prompt yields consistent, desired outputs, you may be able to use it regularly. Example: Apply the refined prompt for creating similar content. This technique is akin to an image search where you seek specific elements within an image that text searches fail to identify. By creatively using images, you can craft prompts to design similar products or concepts. Similarly, in text applications, this approach enables you to uncover more detailed and in-depth information about a particular topic. Explore optimized prompts for a breadth of business and personal tasks. Give me all AI Tutorials Access All of our AI Tools (500+), AI Tutorials, and a List of 70+ Courses for Free when you become a Member. Diffuse: Unlimited AI Videos. Diffuse, our AI Video app, is available globally for download on iOS and Android. Using Diffuse, anyone can create personalized AI-generated videos from scratch (text to video) or a video template, all with just 1 selfie. You can: Generate dances, iconic memes, and more with lifelike movements. Create personalized characters from a single reference image. Create original videos by writing out the prompts in Prompt Builder. Creators and everyday users love it - we see a 50% content share rate and many creators using it on IG and TT. Download the app for iOS and Android No More NonCompete Contracts. The US Federal Trade Commission (FTC) has issued a final rule that bans most noncompete agreements, aiming to increase job mobility and wage growth. This change is expected to generate 8,500 new businesses annually and increase average worker wages by $524 per year. Particularly impactful in the tech sector, where 36% of engineers and 35% of tech workers are currently restricted by noncompetes, the rule could boost innovation and entrepreneurship. While it may face legal challenges, such as those anticipated by the US Chamber of Commerce, it aligns with trends in states like California, where the absence of noncompetes has supported tech industry growth. Upgrade to paid Microsoft's Phi-3 Small Language Models Lead the Way Microsoft Phi-3 vs. Other Models.\ The Phi-3 small language models (SLMs) from Microsoft offer cost-effective and flexible AI solutions, requiring less computational power and functioning offline. They excel in tailored tasks and are scalable to various devices. However, they may not handle complex tasks as well as larger language models (LLMs) and might lack the same depth of knowledge and generalization. Despite this, Phi-3 models represent a strategic addition to AI tools, providing specific advantages where speed and flexibility are crucial. Microsoft's Phi-3 series promises significant advancements in AI accessibility and performance, inspired by children's learning and trained on high-quality datasets. These models, like Phi-3-mini with 3.8 billion parameters, are ideal for environments with limited connectivity or strict data privacy requirements. Available in the Microsoft Azure AI Model Catalog and on Hugging Face, a platform for machine learning models, as well as Ollama, a lightweight framework for running models on a local machine. Share 📰 Publications I am currently reading and recommending: Growth Forum - Learn how to build a repeatable sales process creating a pipeline full of qualified deals. 1-Minute Question - Based on Neuroscience Science Practices to rewire your brain for success. Secrets of Success - Mental Models for Success. How Brands Win - Distills the strategies behind great brands. And gives you actionable insights for your business. 🧰 AI Tools Conversational AI Imagine 3D - Tool for prototyping 3D objects with text. move.ai - AI-powered real-time motion capture. Scenario - Creating AI-generated game assets. Inworld AI - Create any character you can imagine. Text Blaze - Automate Anything With AI & Use it Anywhere.* Download over 500+ Tools free here. - To be featured, Fill out This Form. Paid Members get a Free Consulting Session with us - Book it 🚀 Showcase Your Innovation in the Premier Tech and AI Newsletter (link) As a vanguard in the realm of technology and artificial intelligence, we pride ourselves in delivering cutting-edge insights, AI tools, and in-depth coverage of emerging technologies to over 55,000+ tech CEOs, managers, programmers, entrepreneurs, and enthusiasts. Our readers represent the brightest minds from industry giants such as Tesla, OpenAI, Samsung, IBM, NVIDIA, and countless others. Reserve a Spot Explore sponsorship possibilities and elevate your brand's presence in the world of tech and AI. Learn more about partnering with us. You’re a free subscriber to Yaro’s Newsletter. For the full experience, become a paying subscriber. Subscribe for $1/Month Disclaimer: We do not give financial advice. Everything we share is the result of our research and our opinions. Please do your own research and make conscious decisions.   Like Comment Restack   © 2024 Yaro Celis 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe

💲 Are you financially insecure?

The outliers & living further from the office

͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     

04/23/2024 Bite-sized money insights across a broad range of topics—from budgeting, taxes, buying a car or home, to investing, equity comp, crypto and more.     Here's the Gist today   Happy Tuesday Origin Member.   For many of us, the trend towards remote work has changed the way we live entirely. (Don't peek ahead) Can you guess how far the average employee lives from the office now? A. 15 Miles B. 26 Miles C. 29 Miles   Here are the topics for today: Americans Are Feeling Financially Insecure What About The Outliers? We Live Further Away From Work Than Ever Before     💲Americans Are Feeling Financially Insecure       If you look at the right data points, one thing becomes clear — a noteworthy amount of Americans feel insecure about their current financial situation, and its prospects of a better future.    Northwestern Mutual's 2024 Planning and Progress Study surveyed around 4,500 Americans and found much of that insecurity in the results.   The findings   33% of respondents reported feeling 'financially insecure', which is up from 27% in last year's report.    Inflation continues to be the top concern. 54% of adults said they actually expected it to increase this year, and only 9% said that their income was keeping up with the anticipated price hikes.    Interestingly enough, a decline in 'financial discipline' backdrops this. This year's report found about 45% of respondents considering themselves 'financially disciplined', a 5% drop from 2023 and down from 65% in 2020.    All-in-all, Americans feel like their top barriers to financial prosperity are — inflation (51%), 'the economy' (43%), a lack of savings (31%), personal debt (27%), and interestingly, health care costs at 22%.    What can we realistically do about this?    Admittedly, most of the concerns the vast majority of Americans express do seem like they're out of our control. Inflation, the economy, the labor market, elections, and politics are all pain points that most of us have little to no influence on.    This can feel like a very defeating position to be in, one that's prone to creating financial nihilism. But — it doesn't have to be; there's power in taking what we can into our own hands.    Practical steps we can take   Consistency is key. If you've had a mound of personal debt you've been trying to pay off, it can feel like the trek will never end, almost seeming pointless at times. This is a common feeling to have in the midst of a long journey, but pure, undeterred stubbornness and determination will eventually win. Whether it's debt, savings, increasing your income, or a long list of financial problems, it's comforting to know and believe that an unrelenting amount of consistency can eventually bury all of them. It will seem like ages in the midst, and months in hindsight.   Macroeconomics and politics are out of your control, but other things are not. If you're lucky enough to have a reliable income right now, have a plan for your money. There are important things you can do personally to mitigate the impacts of the macro environment. Save and invest consistently, eradicate bad debt, have a hand in your money management, optimize, optimize, optimize.  Know that the little things pay off and the boring things matter. "The main things are the plain things, and the plain things are the main things." And this couldn't hold more true than with money. Talking about doing the boring stuff right is not interesting, popular, or entertaining, but it's the foundation of what creates a sustainable, healthy financial life.      📈 What About The Outliers?     Much of what we do in the world of investing is guided by conventional wisdom, which is often a distilled-down version of what the data tells the experts.    From things like the 60/40 portfolio yielding a 7% annualized return to tens of other portfolio variations out there, everything is ultimately driven by statistical probabilities.    Most of the data we use is heavily reliant on assumptions — namely, that the most likely scenarios are the most important to get right. But what about those fringe situations or anomalies?    Enter the 5% club   The bell curve: Outcomes in reality almost always mimic the shape of a bell curve, with the majority (95%) of events occurring within 2 standard deviations of the center, with the extreme outliers hanging on the fringes. While we might not use the bell curve to directly craft a portfolio, those assumptions about the most common outcomes occurring can be found in the way we invest.    Assuming the best: When we utilize those popular retirement calculations that suggest $X dollars invested for Y years will likely yield a net balance of $Z amount, we're assuming they mean well. And since these calculations are almost always based on historical data, it's never an exact science.    Accounting for the 5%: What if a massive downturn occurs right before retirement? What if we don't make an expected 7% annual return on a 60/40 portfolio over a decade of investing? Basically, what if a 5% outcome happens? While there's no single solution to avoid all risks, it's good to be aware that fringe events will happen. To better account for such tail-end events, one way to think about your investing strategy is to invest with an objective towards meeting your goals (goals-based investing) versus some target market return.   Black Swan-like 5% events are possible to predict, but it's a very inexact science, one that could arguably be said to be more reliant on intuition and luck than sophisticated data. In truth, it's nearly impossible to predict a catastrophic investing event with much practicality.    So what can investors do? Have contingency plans. In an ideal world, you would have not only excess in your nest egg to the point where a downturn doesn't hurt as bad but also other reliable forms of income to supplement it. Or, maybe your contingency plan could be to extend your career long enough for the market to recover if your situation allows. While this is easier said than done, it's still a worthwhile goal for investors to pursue.   🚗 We Live Further Away From Work Than Ever Before     As of 2023, about 10% of employees in the U.S. worked fully remotely; that's roughly 15M out of 143M active workers. (Note that numbers vary per survey and recency.)   The remote work battle has been whipsawing recently. This number has ebbed and flowed rather fluidly over the past 4 years as the pandemic gave remote work a shot of nitrous into the future and then snapped back as return-to-office programs went into effect.    Nowadays, we may be seeing a normalization around remote work. Employers and employees who jive with it have accepted it, and those who don't have adopted a hybrid arrangement or rejected it entirely.    The residual impacts of remote work   But one residual impact of the remote work era remains — we live further from the office than ever before.     Data: Gusto | Chart: Axios Back in 2019, the average American lived about 10 miles from their place of work, now — it's 27 miles.    The distance also increases with earnings. Those earning $250K + live an average of 42 miles from work, whereas those earning $10K — $15K live about 18 miles away.    Nowadays, 1 out of every 20 workers even lives 50+ miles from their workplace, a number that was 1 out of 100 prior to the pandemic. About 7.7% of those higher-earning employees now live 100 miles away or more, up from 0.68% pre-pandemic.  A lot of these averages are skewed by the extremes though. For the majority of workers, their commutes and arrangements may not have changed much, but those employees that have moved far away, gone fully remote, or found new remote employment are significantly changing the mean.      ⛐ Yep, it's C. — 29 Miles. This is up markedly from just 10 miles back in 2019. (Gusto)   ✈️ The FAA is actively recruiting for a new batch of air traffic controllers (Axios)   💴 Are Series I inflation-linked bonds still a buy while inflation hangs tough? (CNBC)   🚗 Tesla is cutting prices on certain models amidst declining sales (The Verge)     How did you like today's newsletter? How did you like today's newsletter? (Please vote only once.)   🔥 Great stuff — keep it up. - 🤔 Alright, but could be better. - 👎 Not my thing.      Blend Financial Inc. dba Origin 177 Huntington Avenue Ste 1703, PMB 50966 Boston, MA 02115-3153     Unsubscribe from this e-mail     Advisory services are offered through Origin Advisory Services LLC ("Origin RIA"), a Registered Investment Adviser registered with the Securities and Exchange Commission and a wholly-owned subsidiary of Blend Financial Inc. DBA Origin Financial. Origin RIA's registration as a Registered Investment Adviser does not imply a certain level of skill or training. The information contained herein should in no way be construed or interpreted as a solicitation to sell or offer to sell advisory services. All content is for information purposes only. It is not intended to provide any tax or legal advice or provide the basis for any financial decisions. The Origin app is only available to U.S. based members.