Author: IBL News

  • Augmenting GTP-3 with Additional Information Prompts New Coding Businesses

    Augmenting GTP-3 with Additional Information Prompts New Coding Businesses

    IBL News | New York

    Customer support Q&A AI chatbots based on ChatGPT are becoming an unexpectedly profitable business for developers.

    The GTP models have picked up a lot of general knowledge in training but personalized chatbots often need to ingest and use a large library of more specific information taken from Wikipedia or other sources, as OpenAI explains in a notebook in GitHub.

    The company that has created ChatGPT is providing docs for fine-tuning these new virtual agents, along with a myriad of bloggers like machine learning engineer Peter Foy.

    These custom bots are being offered as a service. They can offer multiple applications, such as investment research (crypto, IPO, earning calls…) assistants, legal or medical Q&A bots that answer users’ questions, along with a code documentation bot that provides answers to developer questions.

    Experts quote Sam Altman, OpenAI’s CEO, when he said that there will likely only be a few companies that have the budget to build and manage Large Language Models (LLMs) like GPT-3, but there will be many “layer two” service companies in the business of fine-training these models in domain-specific industries.

    “The fundamental interface will be natural language models,” he said. “They will be commoditized” and “economical impact will be huge.”

     

     

  • ChatGPT and Its Consequences on Work and Life Are the Talk of the Business Leaders in Davos This Year

    ChatGPT and Its Consequences on Work and Life Are the Talk of the Business Leaders in Davos This Year

    IBL News | New York

    Human-like text and code generator ChatGPT and language models AI are the talk of this year’s World Economic Forum in Davos, Switzerland.

    World leaders reunited in Davos are shocked at how fast OpenAI’s ChatGPT and image generators like Stable Diffusion and Dall-E have matured and become mainstream.

    On panels and in side conversations, leaders are discussing the potential consequences of these technologies on businesses, daily lives, and jobs. Some are excited about the possibilities, some are fearful, while most are busy typing queries into ChatGPT.

    This level of user adoption has never been seen before in the history of the internet.

    Experts say that AI has captured the public imagination in a way that no technology has since the arrival of the iPhone in 2007.

    Optimists see a world in which AI gives superpowers to knowledge workers and speeds up the time needed to achieve breakthroughs in health and sustainability.

    For example, investor Jim Breyer has invested in a dozen companies that aim to use AI in a range of healthcare applications, including early detection of prostate and breast cancers, according to Axios.

    Concerns range from the fear of a flood of AI-generated misinformation to the biases baked into systems that have been trained on real-world data filled with stereotypes and dominated by rich countries.

    Access Now executive director Brett Solomon told Axios he worries this new crop of AI technologies will be another weapon used against human rights activists, journalists, and others.

    Another significant concern is what AI will mean for jobs. Experts agree that these shifts are inevitable and governments should help train workers for a reshaped world.

    On the regulatory side, the EU is already working on an AI Act, which aims to be the first broad legislation governing such technology.


    –––––

    Additional headlines for this story suggested by Chat GPT:

    “ChatGPT and AI-Language Models Take Center Stage at World Economic Forum in Davos, Sparking Discussion on Potential Consequences for Business and Daily Life”

    “ChatGPT and AI-Language Models Spark Debate on Impact on Work and Life at World Economic Forum in Davos”

    Would you summarize the whole text with the main bullet points?

    • ChatGPT and AI language models are the main topic of discussion at the World Economic Forum in Davos.
    • World leaders are shocked by the rapid maturity and mainstream adoption of these technologies.
    • They are discussing the potential consequences of these technologies on businesses, daily lives, and jobs.
    • User adoption of ChatGPT and AI language models is higher than any other technology in the history of the internet.
    • Optimists see the potential for AI to give “superpowers” to knowledge workers and speed up breakthroughs in health and sustainability.
    • Concerns include the potential for AI-generated misinformation, biases in systems trained on real-world data, and the impact on jobs.
    • The EU is already working on an AI Act to regulate these technologies.

    Chat GPT please summarize the story in three bullet points:

    • World leaders at the World Economic Forum in Davos are discussing the impact of ChatGPT and AI language models on businesses, daily lives, and jobs.
    • High user adoption of these technologies and concerns about misinformation, biases and impact on jobs are being raised.
    • The EU is working on an AI Act to regulate these technologies.

    Would you create two multiple-choice questions out of the given text?

    1. What is the main topic of discussion at the World Economic Forum in Davos? a) Climate change b) ChatGPT and AI language models c) International trade agreements
    2. What are some concerns raised about ChatGPT and AI language models? a) High user adoption b) The potential for AI-generated misinformation and biases in systems c) The impact on jobs and human rights activists a & b

    Please re-write the entire text completely without losing its sense

    The World Economic Forum in Davos, Switzerland, is currently abuzz with discussions about the effects of ChatGPT and AI language models on industries, everyday life, and employment opportunities. Attendees are reportedly surprised by the swift development and widespread use of these technologies.

    Conversations are taking place about the potential consequences of these technologies on businesses and daily lives, with some attendees excited about the possibilities, some fearful, and others experimenting with ChatGPT. The adoption rate for these technologies is said to be unprecedented in the history of the internet.

    While some view AI as a means of increasing efficiency and driving breakthroughs in health and sustainability, others express concerns about the proliferation of AI-generated misinformation and the biases inherent in systems trained on real-world data. There is also concern about the impact of AI on jobs. The EU is already working on legislation, known as the AI Act, to regulate these technologies.

    Please generate three different tweets about the story

    1. “The World Economic Forum in Davos is discussing the impact of ChatGPT and AI language models on businesses, daily lives, and jobs. Are you prepared for the future of AI? #WEF #ChatGPT #AILanguageModels”
    2. “Experts are raising concerns about the potential for AI-generated misinformation and biases in systems at the World Economic Forum in Davos. How do we ensure ethical use of AI? #WEF #AIMisinformation #EthicalAI”
    3. “The EU is taking proactive steps to regulate ChatGPT and AI language models. What kind of regulations do we need to ensure responsible use of AI? #EUAIact #ChatGPT #AILanguageModels”

     

  • OpenAI CEO Refuses to Confirm If Chat GPT—4 Will Be Released This Year [Video]

    OpenAI CEO Refuses to Confirm If Chat GPT—4 Will Be Released This Year [Video]

    IBL News | New York

    OpenAI CEO, Sam Altman, refused during an interview with StrictlyVC to confirm if the GPT-4 model will be released this year. He responded by offering no specific timeframe.

    “It’ll come out at some point when we are confident we can do it safely and responsibly,” he said.

    He also mentioned that “video-generating AI models are coming.” (Meta and Google have already demoed research in this area.)

    When asked about the chart that purportedly compares the number of parameters in GPT-3 (175 billion) to GPT-4 (100 trillion), Altman called it “complete bullshit.”

    On AI changing education and the threat of AI plagiarism, Sam Altman said, “We’re going to try and do some things in the short term. There may be ways we can help teachers be a little bit more likely to detect the output of a GPT-like system, but a determined person will get around them, and I don’t think it’ll be something society can or should rely on long-term. We’re just in a new world now. Generated text is something we all need to adapt to, and that’s fine. We adapted to calculators and changed what we tested in maths class, I imagine. This is a more extreme version of that, no doubt. But also the benefits of it are more extreme as well.”

    On predictions that ChatGPT will kill Google: “I think whenever someone talks about a technology being the end of some other giant company, it’s usually wrong. I think people forget they get to make a countermove here, and they’re like pretty smart, pretty competent. I do think there’s a change for search that will probably come at some point — but not as dramatically as people think in the short term.”

  • Coursera Will Integrate ChatGPT into Its Course Catalog This Year [Video]

    Coursera Will Integrate ChatGPT into Its Course Catalog This Year [Video]

    IBL News | New York

    Coursera CEO Jeff Maggioncalda said at the Davos conference yesterday that the company plans to integrate ChatGPT across its platform catalog this year.

    “ChatGPT can be trained on Coursera’s data to talk like “the smartest professors in the world,” he added.

    In addition, he predicted that “cheating in class will be rampant.”

    “The first time I sat down in front of ChatGPT, I said, ‘this is not possible,’” Maggioncalda explained.

    He called ChatGPT a “game changer” that is “blowing my mind” — so much so that he now talks to ChatGPT daily and uses it as a “writing assistant” and a “blog partner.”

    Coursera CEO Jeff Maggioncalda admitted that ChatGPT’s power keeps him awake at night.

    “I’ve been awake for 45 days, it can create new things. It’s extraordinary, but also it’s dangerous and it can disrupt things.”

  • Microsoft CEO Says at Davos that the Company Plans to Flood its Products with Chat GPT [Video]

    Microsoft CEO Says at Davos that the Company Plans to Flood its Products with Chat GPT [Video]

    IBL News | New York

    Microsoft Corp (MSFT) plans to flood its products with Chat GPT and OpenAI developments. Its CEO, Satya Nadella, firmly stated it yesterday at the World Economic Forum at Davos.

    Nadella said that Microsoft will be rapidly commercializing both OpenAI and Dall-E2, the AI image generator.

    He said the company aims to turn Azure into “the place for anybody and everybody who thinks about AI.” That’s inclusive of individuals and businesses.

    Microsoft’s CEO explained that he was seeing tremendous economic opportunity in advancing AI tools.

    The software giant had already announced that it would utilize its cloud-computing platform Azure to grant AI access to a broader range of customers.

  • Microsoft Starts Offering Access to Azure OpenAI [Video]

    Microsoft Starts Offering Access to Azure OpenAI [Video]

    IBL News | New York

    Microsoft announced the availability of Azure OpenAI Service, as its ongoing partnership with OpenAI, for the company’s managed customers and partners working with accounts teams.

    However, the service is offered with “limited access” to the ability to modify content filters. In addition, any potential user has to apply and submit a registration form for approval.

    The Redmond, Washington-based software giant explained that it wants to foster “transparent human-computer interaction.”

    Access to the Azure OpenAI Service is subject to Microsoft’s sole discretion based on eligibility criteria and a vetting process.

    Azure OpenAI Service includes GPT-3.5, Codex, and DALL-E 2. Customers will be able to access ChatGPT—a fine-tuned version of GPT-3.5 that has been trained and runs inference on Azure AI infrastructure—through Azure OpenAI Service “soon.”

    Microsoft mentioned that firms like Moveworks, Al Jazeera Digital, and KPMG are already applying Azure OpenAI Services for customer support, customization, and gaining insights from data using search, data extraction, and classification.

    Vaibhav Nivargi, Chief Technology Officer and Founder at Moveworks, mentioned applications such as search capabilities, analytics, and data visualization offerings. “At Moveworks, it enables us to solve several novel use cases, such as identifying gaps in our customer’s internal knowledge bases and automatically drafting new knowledge articles based on those gaps. This saves IT and HR teams a significant amount of time and improves employee self-service.”

    Al Jazeera Digital is using Azure OpenAI Service for summarization and translation, selection of topics, AI tagging, content extraction, and style guide rule application, according to Jason McCartney, Vice President of Engineering at Al Jazeera.

    Brett Weaver, Partner and Tax ESG Leader at KPMG, is applying Azure OpenAI Service to find the data relationships to predict tax payments and tax type, “making it much easier to validate the accuracy and categorize payments by country and tax type.”

    Microsoft said that it is using it to power its own products, including GitHub Copilot, an AI pair programmer that helps developers write better code, Power BI, which leverages GPT-3-powered natural language to automatically generate formulae and expressions, and the recently-announced Microsoft Designer, which helps creators build content with natural language prompts.

  • Microsoft Will Make OpenAI’s Language Models Available on Its Azure Cloud Services

    Microsoft Will Make OpenAI’s Language Models Available on Its Azure Cloud Services

    IBL News | New York

    Still in talks to invest as much as $10 billion in OpenAI, Microsoft will broadly offer its Azure cloud service customers access to the GPT-3.5 language model, DALL-E 2 for generating images from text prompts, and “soon” ChatGPT.

    This way, the Redmond, Washington-based software giant continues building on its existing relationship with OpenAI thanks to a $1 billion investment in 2019.

    ChatGPT, the owner of the viral AI bot ChatGPT, confirmed the news without adding more details, stating in a blog post yesterday: “We’ve learned a lot from the ChatGPT research preview and have been making important updates based on user feedback. ChatGPT will be coming to our API and Microsoft’s Azure OpenAI Service soon.”

    OpenAI service has been available to a limited set of Azure’s customers since it was unveiled in 2021. That enables Azure customers to use the OpenAI products in their own applications running in the cloud.

    Microsoft is currently using OpenAI’s Codex to add automation to its GitHub unit’s Copilot programming tool.

    In addition, the company wants to implement OpenAI technology in its Bing search engine, Office productivity applications, Teams chat programs, and security software.

    Microsoft is looking to get an inside edge on the most popular and advanced AI systems in order to boost its own products in competition with Google, Amazon, and Meta Platforms Inc.

    The potential investment by Microsoft could value OpenAI at about $29 billion. Both companies have declined to comment on the talks to date.

    OpenAI’s ChatGPT has lit up the internet since its launch in November 2022. It gathered its first million users in less than a week. New York City schools have banned their students from accessing ChatGPT.

    Now OpenAI is working on a successor GPT-4.

    Co-founded by Elon Musk and VC investor Sam Altman makes money by charging developers to license its technology.

  • Chat GPT ‘At Capacity’ Due to Its Massive Popularity

    Chat GPT ‘At Capacity’ Due to Its Massive Popularity

    IBL News | New York

    Viral phenomenon Chat GPT has been preventing people from creating new accounts and using the service in the last two weeks. Even existing users get ‘at capacity’ warnings preventing them from loading their history or engaging with the chat.

    Released in November 2022, OpenAI’s breakout starts as Chat GPT has been blowing people’s minds with its responses, prompting a flooding demand.

    Visitors are mostly seeing a message that reads: “Chat GPT is at capacity right now.”

    It signals that the chat.openai.com site is in high demand and has reached its capacity for users per session and/or a query load.

    Experts say that OpenAI is putting limits on the usage of its servers, given that they are expensive to run.

    Amusingly, instead of canned messages, ChatGPT has been doling out creative messages in limerick rhymes, rap, and even in pirate-speak.

    ChatGPT is still a prototype. The company recently announced that a premium version is coming, which you can now join a waitlist for. This is a way for OpenAI to monetize the chatbot and give prioritized access to paid subscribers.

     

  • 2U  Secures New Capital and Refinances Its Debt

    2U Secures New Capital and Refinances Its Debt

    IBL News | New York

    2U, Inc. (Nasdaq: TWOU) announced that it entered into an agreement to refinance its term loan and secure $127 million of new capital from stockholder Greenvale Capital LLP and The Berg Family, in the form of $147 million in principal amount of 4.50%.

    The maturity date will be extended from December 2024 to December 2026.

    The Lanham, Maryland – based company said it will use cash from its balance sheet along with the proceeds from the issuance of notes to reduce secured term loan debt by $187 million to $380 million.

    “The combination of reduced secured debt and extended maturities will significantly strengthen the company’s credit profile,” said 2U, the parent company of edX.

    Information about the transactions can be found in the current report on Form 8-K filed by the company with the SEC yesterday.

    2U Chief Financial Officer, Paul Lalljie said that this was “an important first step to optimize our balance sheet.”

    Mr. Lalljie continued, “We continue to see returns from our platform strategy and the implementation of our Strategic Realignment Plan.”

  • ChatGPT Prepares a Paid Version to Monetize Its Wildly Successful Tool

    ChatGPT Prepares a Paid Version to Monetize Its Wildly Successful Tool

    IBL News | New York

    ChatGPT started to pilot a premium paid version of its viral AI-powered tool this month, although there isn’t a date for the launch yet.

    OpenAI, the owner of the chatbot, made the announcement on its official Discord server, announcing that it’s “starting to think about how to monetize ChatGPT” as one of the ways to “ensure the tool’s long-term viability.”

    ChatGPT Professional will be the name of its monetized version.

    One of its main benefits will be avoiding the unavailability of the service, which many users are experiencing due to the high usage today.

    OpenAI is under pressure to turn a profit on products like ChatGPT ahead of a rumored $10 billion investment from Microsoft. OpenAI expects to make $200 million in 2023.

    Stories about ChatGPT at IBL News