Almost Timely News: ChatGPT Levels Up With an API (2023-03-05) :: View in Browser
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What’s On My Mind: ChatGPT Levels Up With an API
This week, the big move happened. What am I talking about? Everyone’s favorite discussion topic of the day, ChatGPT, leveled up in a huge way with the debut of its API and model, GPT-3.5-Turbo. And I promise, I’m not trying to make this the all-ChatGPT-all-the-time newsletter, it’s just… this topic is one lots of you have replied to ask questions about, and this week’s news is a big deal.
For those unfamiliar, an API, or application programming interface, is a way for one piece of software to talk to another in a standardized, highly scalable way. If you’ve ever used a service like If This Then That or Zapier, you’ve interacted with APIs by connecting one piece of software to another. Here’s why this is a big deal.
Up until now, every use case of ChatGPT has been with a human inputting a prompt of some kind and receiving a result in the now familiar chat interface. This is how 100% of us have interacted with ChatGPT because this has been the ONLY way to interact with it since its debut. Every use case you’ve ever heard of has been done through the chat-based interface.
The API changes that by allowing other machines to talk to ChatGPT now instead of humans, or for humans, through their own code, to programmatically interact with ChatGPT. What does that mean? Why is that a big deal?
Let’s say you use this style of prompt:
“You will act as a blogging professional. You have expertise in content marketing, content creation, and blogging, especially corporate blogging. You have subject matter expertise in the architecture industry, especially LEED-compliant buildings. Your first task is to write a blog post about the importance of solar panels on new construction designs and projects as a path towards sustainability goals, especially in areas where the power grid is unstable or unreliable.”
We are all familiar with this style of prompt and the outputs it generates. Here’s the problem: you still have to type that in, and you still have to process the output. How long would it take you to write ten blog posts this way? Still substantially less time than it would for you to write them manually, to be sure, but it’s not exactly a one-button, one-click solution.
Now suppose you had a piece of software that, instead of you having to copy/paste both the prompt and the results, could instead simply ask ChatGPT over and over again. Suppose you had a piece of custom software that would repeatedly ask ChatGPT that prompt or variations of that prompt ten times. How much faster would that be? Now what if it were a hundred times? A thousand times?
You see where this is going. Everything that’s happened up until now with ChatGPT has basically been letting the kids – us, the humans – play in the playground. With the debut of the API comes power and scale – and the avalanche of change that folks have been predicting.
Why? Think about it. No one with any common sense is about to hire out a farm of a hundred people to copy/paste into ChatGPT all day. That’s just a waste – but up until now, if you wanted to scale its usage, that’s how you would have had to do it. With the API, software can talk to ChatGPT hundreds, or even thousands of times per minute and leverage the full power of what software is best at: tasks at scale.
How do we know this is a big deal? In the end, it comes down to cost, and this is where OpenAI has come out swinging. In the past two years, hundreds of companies and thousands of apps have launched using the OpenAI GPT-3 model as the back end model, from chat-based guides to content marketing companies like CopyAI, JasperAI, etc. However, GPT-3’s pricing was relatively high – US0.02 per thousand tokens. OpenAI defines a token as a single word, so this article up until this point is 613 tokens, which would cost less than a penny. That’s fine for small use, but imagine the costs to scale to thousands of users.
However, many companies have done so successfully and have built large content marketing operations on the older model.
OpenAI’s new pricing on the GPT-3.5-Turbo model that powers ChatGPT was the shocker for many of us who follow the industry. Ordinarily, your premier product comes with a premier price tag…
… and the price of GPT-3.5-Turbo is US0.002 per thousand tokens.
Yes, that’s 1/10th the cost of the earlier premier model. Every company built on GPT-3 just got a 90% price break AND a better piece of software. Every entrepreneur that was thinking about how to build a business model on the GPT-3 family of models now has the opportunity to do so at 1/10th the cost it would have been just 3 days ago.
Trust Insights has been using the GPT-3 model for some code we work with for clients. This week, we’ll be switching over to GPT-3.5-Turbo. The implementation to change from one to the other isn’t exact, but it’s close enough that it should only take a couple of hours in total to migrate and test the code. That’s how straightforward it is.
Every use case, every example, every prompt that’s been shared up until this point has been by humans talking to the machines. This now opens the door for machines to talk to the machines at the same level of fidelity, with the same level of amazing generation and feedback, but at massive scale.
What should you take from this? If you’ve already got a portfolio of prompts you’ve generated that work well (and you really should, if you are a ChatGPT user), now is the time to evaluate those prompts to see which ones make the most sense to convert into real software. Then talk to your developer resources to scale those prompts you hand-crafted into the instructions for software at large.
If you haven’t been using ChatGPT in your industry, but a competitor has, your life is about to get more difficult because that competitor, assuming their use case isn’t trivial, is about to leap ahead in productivity and scale. You have very little time to catch up to a competitor that is using the software in a meaningful way.
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ICYMI: In Case You Missed it
Besides the newly-refreshed Google Analytics 4 course I’m relentlessly promoting (sorry not sorry), I recommend the piece on communities and publications.
- Mind Readings: Communities Need Publications
- Mind Readings: Establishing Thought Leadership With Speed
- Almost Timely News, February 26, 2023: Improve ChatGPT Performance By Understanding How It Works
- You Ask, I Answer: Narcissism as a Success Trait?
- Mind Readings: Paid Services That Should Be Included
- Almost Timely News, February 19, 2023: The Buyer’s Guide to Expertise
- So What? Setting up A/B tests for ChatGPT
- In-Ear Insights: Measuring ChatGPT Performance
Skill Up With Classes
These are just a few of the classes I have available over at the Trust Insights website that you can take.
- ⭐️ Powering Up Your LinkedIn Profile (For Job Hunters) 2023 Edition
- Measurement Strategies for Agencies
- Empower Your Marketing With Private Social Media Communities
- Exploratory Data Analysis: The Missing Ingredient for AI
- How AI is Changing Marketing, 2022 Edition
- How to Prove Social Media ROI
- Proving Social Media ROI
- Paradise by the Analytics Dashboard Light: How to Create Impactful Dashboards and Reports
Get Back to Work
Folks who post jobs in the free Analytics for Marketers Slack community may have those jobs shared here, too. If you’re looking for work, check out these five most recent open positions, and check out the Slack group for the comprehensive list.
- Data Scientist at Austin Data Labs
- Digital Analyst & Data Product Manager at Southwatts
- Inbound Marketing Specialist at Clariant Creative
- Manager Of Web Analytics at Angi
- Senior Analytics Engineer at Drumline
- Senior Manager, Digital Experimentation at Comcast
- Seo Specialist at Clearlink
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If you find it valuable, please share it with anyone who might need help tuning up their LinkedIn efforts for things like job hunting.
What I’m Reading: Your Stuff
Let’s look at the most interesting content from around the web on topics you care about, some of which you might have even written.
Social Media Marketing
- Dark Social Strategy: Five Social Media Experts‘ Tips for Dark Social
- LinkedIn Highlights 5 New Features For Job Seekers
- Snapchat Integrates ChatGPT Elements into New My AI Tool In-App via Social Media Today
Media and Content
- CNET editor-in-chief Connie Guglielmo steps down for AI-generated content role via The Verge
- 5 Best Practices in Content Marketing That Leave Audiences Behind
- How To Create Content For Each Stage Of The Customer Journey
SEO, Google, and Paid Media
- SEO Split Test Result: The Impact of Removing SEO Copy on Ecommerce Category Pages
- A guide to keyword cannibalization in SEO and how to fix it
- 2023 LinkedIn SEO: 5 Tried Tips for Better Reach
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What makes this different than other training courses?
- You’ll learn how Google Tag Manager and Google Data Studio form the essential companion pieces to Google Analytics 4, and how to use them all together
- You’ll learn how marketers specifically should use Google Analytics 4, including the new Explore Hub with real world applications and use cases
- You’ll learn how to determine if a migration was done correctly, and especially what things are likely to go wrong
- You’ll even learn how to hire (or be hired) for Google Analytics 4 talent specifically, not just general Google Analytics
- And finally, you’ll learn how to rearrange Google Analytics 4’s menus to be a lot more sensible because that bothers everyone
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Tools, Machine Learning, and AI
- Best Large Language Models: Meta LLaMA AI, GPT-3, And More via Dataconomy
- How customizing models is bringing generative AI to the enterprise via VentureBeat
- ‘Everything that companies do now involves AI operating at some level‘
Analytics, Stats, and Data Science
- PySpark for Data Science via KDnuggets
- 30 Eye-Opening Affiliate Marketing Statistics [2023 List]
- A Comprehensive Guide on Delta Lake via Analytics Vidhya
Dealer’s Choice : Random Stuff
- 2203.02155 Training language models to follow instructions with human feedback
- Are non-nutritive sweeteners genotoxic? – Study Summary – Examine
- What Alcohol Does to Your Body, Brain & Health – Huberman Lab
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How to Stay in Touch
Let’s make sure we’re connected in the places it suits you best. Here’s where you can find different content:
- My blog – daily videos, blog posts, and podcast episodes
- My YouTube channel – daily videos, conference talks, and all things video
- My company, Trust Insights – marketing analytics help
- My podcast, Marketing over Coffee – weekly episodes of what’s worth noting in marketing
- My second podcast, In-Ear Insights – the Trust Insights weekly podcast focused on data and analytics
- On Twitter – multiple daily updates of marketing news
- On LinkedIn – daily videos and news
- On Instagram – personal photos and travels
- My free Slack discussion forum, Analytics for Marketers – open conversations about marketing and analytics
Events I’ll Be At
Here’s where I’m speaking and attending. Say hi if you’re at an event also:
- PodCamp Philly, Philadelphia, March 2023
- Martechopia, London, March 2023. Use MARSPEAKER20 for 20% off the ticket price.
- B2B Ignite, Chicago, May 2023
- MarketingProfs B2B Forum, Boston, October 2023
Events marked with a physical location may become virtual if conditions and safety warrant it.
If you’re an event organizer, let me help your event shine. Visit my speaking page for more details.
Can’t be at an event? Stop by my private Slack group instead, Analytics for Marketers.
Events with links have purchased sponsorships in this newsletter and as a result, I receive direct financial compensation for promoting them.
Advertisements in this newsletter have paid to be promoted, and as a result, I receive direct financial compensation for promoting them.
My company, Trust Insights, maintains business partnerships with companies including, but not limited to, IBM, Cisco Systems, Amazon, Talkwalker, MarketingProfs, MarketMuse, Agorapulse, Hubspot, Informa, Demandbase, The Marketing AI Institute, and others. While links shared from partners are not explicit endorsements, nor do they directly financially benefit Trust Insights, a commercial relationship exists for which Trust Insights may receive indirect financial benefit, and thus I may receive indirect financial benefit from them as well.
Thanks for subscribing and reading this far. I appreciate it. As always, thank you for your support, your attention, and your kindness.
See you next week,
Christopher S. Penn
You might also enjoy:
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- Marketing Data Science: Introduction to Data Blending
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- What Content Marketing Analytics Really Measures
- The Basic Truth of Mental Health
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