OpenAI's GPT-4 performs well in terms of math and hallucination rates compared to other AI models, but it is less effective at hedging its answers, according to a report by Arthur AI.
OpenAI has introduced fine-tuning for its GPT-3.5 Turbo, allowing developers to customize the AI model for specific tasks, although developers have expressed both excitement and criticism, citing better results from other methods and concerns about cost.
Global Predictions announced that its AI-powered PortfolioPilot product is now a registered investment advisor with the Securities and Exchange Commission, making it the first AI program to receive this registration.
McKinsey has developed "Lilli," a generative AI platform that revolutionizes knowledge retrieval and utilization, reducing time and effort for consultants while generating novel insights and enhancing problem-solving capabilities.
AI models like GPT-4 are capable of producing unexpected, novel, and unique ideas, marking one of the first examples of AI meeting or exceeding human ability for original thinking.
OpenAI has introduced ChatGPT Enterprise, an AI assistant for businesses that provides unlimited access to GPT-4 at faster speeds, extended context windows, encryption, and enterprise-grade security features.
MSCI is expanding its partnership with Google Cloud to utilize generative AI for investment advisory purposes, aiming to provide investors with enhanced decision-making capabilities, deep data-driven insights, and accelerated portfolio implementation in areas such as risk signals, conversational AI, and climate generative AI.
General Motors is expanding its collaboration with Google to explore the future use of advanced generative AI, aiming to revolutionize the customer experience and deliver new features and services.
Microsoft and Datadog are well positioned to benefit from the fast-growing demand for generative artificial intelligence (AI) software, with Microsoft's exclusive partnership with OpenAI and access to the GPT models on Azure and Datadog's leadership in observability software verticals and recent innovations in generative AI.
Intuit is launching a generative AI software tool for its financial, tax, and accounting software.
Morgan Stanley plans to introduce a chatbot developed with OpenAI to assist financial advisers by quickly finding research or forms and potentially creating meeting summaries and follow-up emails.
McKinsey and Salesforce are collaborating to accelerate the adoption of generative AI in sales, marketing, commerce, and service, aiming to improve customer experiences, increase sales productivity, personalize digital marketing campaigns, and reduce call resolution time.
Generative AI tools like ChatGPT are rapidly being adopted in the financial services industry, with major investment banks like JP Morgan and Morgan Stanley developing AI models and chatbots to assist financial advisers and provide personalized investment advice, although challenges such as data limitations and ethical concerns need to be addressed.
Eight additional U.S.-based AI developers, including NVIDIA, Scale AI, and Cohere, have pledged to develop generative AI tools responsibly, joining a growing list of companies committed to the safe and trustworthy deployment of AI.
Google has provided a select group of companies with early access to its conversational AI software, Gemini, which aims to compete with OpenAI's GPT-4 model and will be available through its Google Cloud Vertex AI service.
OpenAI, a leading startup in artificial intelligence (AI), has established an early lead in the industry with its app ChatGPT and its latest AI model, GPT-4, surpassing competitors and earning revenues at an annualized rate of $1 billion, but it must navigate challenges and adapt to remain at the forefront of the AI market.
Generative AI tools like GPT-4 and Dall-E 2 can revolutionize the gaming industry by creating thousands of unique assets for game worlds, improving immersion and reducing costs for developers.
Salesforce has introduced its own generative AI assistant, Einstein Copilot, at the Dreamforce 2023 conference, aiming to enhance ease and productivity in CRM apps by automating tasks such as creating account updates, generating replies, and personalizing actions based on industry needs. The company also unveiled Einstein Copilot Studio, a low-code tool for creating and deploying individualized generative AI models. With its strong data integration capabilities and market dominance in CRM, Salesforce is positioning itself for success in the competitive generative AI field.
Consulting firms are investing billions of dollars in expanding their Generative AI capabilities to meet strong client demand for deploying Generative AI applications and services, with the expectation that these investments will be paid back within a few months of deployment through cost savings and revenue increases.
Microsoft and Google have introduced generative AI tools for the workplace, showing that the technology is most useful in enterprise first before broader consumer adoption, with features such as text generators, meeting summarizers, and email assistants.
OpenAI has published a technical paper discussing the challenges and limitations of GPT-4V, its text-generating AI model with image analysis capabilities, including issues with hallucinations, bias, and incorrect inferences.
NExT-GPT, an open-source multimodal AI large language model developed by NUS and Tsinghua University, can process and generate combinations of text, images, audio, and video, allowing for more natural interactions and making it a competitive alternative to tech giants like OpenAI and Google.
Generative AI, such as ChatGPT, is evolving to incorporate multi-modality, fusing text, images, sounds, and more to create richer and more capable programs that can collaborate with teams and contribute to continuous learning and robotics, prompting an arms race among tech giants like Microsoft and Google.
Microsoft stands to profit from the growing adoption of artificial intelligence (AI) through its strategic moves in the field, which include integrating generative AI tools into its suite of productivity tools and its sizable investment in OpenAI's ChatGPT, potentially generating significant additional revenue and profits.
China-based tech giant Alibaba has unveiled its generative AI tools, including the Tongyi Qianwen chatbot, to enable businesses to develop their own AI solutions, and has open-sourced many of its models, positioning itself as a major player in the generative AI race.
Generative AI, such as ChatGPT and Google Bard, is gaining attention for its ability to provide quick and wide-ranging information, with JPMorgan CEO Jamie Dimon stating that AI has the potential to greatly improve workers' quality of life and increase productivity by 14%.
Meta Platforms has introduced new generative AI tools to its Ad Manager software.
Generative AI is transforming various industries, including telecommunications, banking, public safety, B2B sales, biopharmaceuticals, and creative agencies, by enhancing efficiency, improving decision-making, providing customer-centric solutions, ensuring safety and compliance, driving innovation, promoting adaptive learning, challenging the status quo, and offering holistic solutions.
Generative artificial intelligence, like ChatGPT-4, is playing an increasingly important role in healthcare by helping individuals manage complex medical issues and potentially leading to new discoveries and treatments, according to Peter Lee, Microsoft Corporate Vice President of Research and Incubations. Despite its remarkable capabilities, Lee emphasized that GPT-4 is still a machine and has limitations in terms of consciousness and biases. Major companies like Microsoft, Google, Amazon, and Meta have heavily invested in AI, and Microsoft has integrated ChatGPT into its Bing search engine and Office tools.
Generative artificial intelligence (genAI) has the potential to revolutionize the field of economics by assisting with research, teaching, and forecasting, but its impact on employment in the field is expected to be limited at first, though eventual job losses could occur. GenAI tools such as OpenAI's ChatGPT and Google's PaLM offer valuable support to economists in tasks like data analysis, coding, and writing, but the interpretation and contextualization of results still require the human touch.
Generative AI start-ups, such as OpenAI, Anthropic, and Builder.ai, are attracting investments from tech giants like Microsoft, Amazon, and Alphabet, with the potential to drive significant economic growth and revolutionize industries.
NetSuite, owned by Oracle, is adding generative AI capabilities to its finance software, allowing companies to automate tasks such as writing collection letters and analyzing financial data.
Baidu's AI system ERNIE 4.0 has undergone a full upgrade, showcasing improved performance in understanding, generation, reasoning, and memory, comparable to GPT-4, and offering a multimodal search experience and generative business intelligence capabilities.
