The future of social is Bringing People Together. The tools were rudimentary at the beginning, and the builders were naively optimistic that a more open and connected world simply would lead to a better world since everyone had a voice. However, as time went on, it became evident that social media platforms had a significant impact on our perception of ourselves.

Kazuki Nakayashiki

Hatched by Kazuki Nakayashiki

Sep 10, 2023

3 min read

0

The future of social is Bringing People Together. The tools were rudimentary at the beginning, and the builders were naively optimistic that a more open and connected world simply would lead to a better world since everyone had a voice. However, as time went on, it became evident that social media platforms had a significant impact on our perception of ourselves.

Likes and follows dominate our interactions on social media. Instead of sharing our true selves, we often find ourselves caught up in a social competition, where popularity and validation become the driving forces behind our online presence. Facebook, one of the leading social media platforms, has recognized this issue and is repositioning its efforts around more private communications.

In private conversations, people tend to express more of their true selves and share more authentically than they do on their feeds or "media channels." This shift highlights the importance of genuine connections and the need for social platforms to foster these connections. While advertising remains a major revenue driver for social companies, it is crucial to recognize that revenue models built solely on time spent on the app are zero-sum business models.

The next wave of social products should focus on experiences rather than media. Connecting with friends and loved ones through shared activities such as going to concerts, dining together, or simply hanging out creates real and meaningful experiences. These moments matter in both the best and worst of times, as they contribute to the creation of cherished memories. It is through these experiences that true connection and inclusion are fostered.

In addition to the evolving landscape of social media, there have been notable updates in function calling and other API developments. One of the most significant updates is the introduction of the new 16k context version of gpt-3.5-turbo, which provides more advanced capabilities compared to the standard 4k version. This update allows for more complex and nuanced interactions, opening up new possibilities for developers and users alike.

Furthermore, there have been substantial cost reductions in the state-of-the-art embeddings model. The text-embedding-ada-002, which is the most popular embeddings model, has seen a 75% reduction in cost, making it more accessible and affordable for users. The gpt-3.5-turbo-16k, with its enhanced capabilities, will be priced at $0.003 per 1K input tokens and $0.004 per 1K output tokens.

These advancements in function calling and API updates not only improve the user experience but also offer developers more flexibility and power in creating innovative social products. With the ability to leverage advanced language models and reduce costs, developers can focus on building experiences that foster genuine connections and facilitate meaningful interactions.

In conclusion, the future of social media lies in bringing people together through genuine experiences. By shifting the focus from media to shared activities, social platforms can create a more inclusive and authentic online environment. Additionally, advancements in function calling and API updates provide developers with the tools they need to build innovative social products. To make the most of these developments, here are three actionable pieces of advice:

  1. Foster genuine connections: Encourage users to engage in shared experiences rather than solely focusing on media. By creating opportunities for people to interact authentically, social platforms can promote meaningful connections.

  2. Embrace advanced language models: Take advantage of the latest advancements in function calling and API updates. These tools offer developers the ability to create more nuanced and sophisticated interactions, enhancing the user experience.

  3. Consider affordability and accessibility: With cost reductions in embeddings models, it is crucial to ensure that social products remain affordable and accessible to a wide range of users. By making these tools more financially viable, developers can reach a broader audience and create a more inclusive online community.

As we look ahead, it is essential to remember that social media should be a tool for connection and inclusion. By focusing on experiences, embracing technological advancements, and prioritizing affordability, social platforms can pave the way for a future where genuine connections thrive.

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