IBL News

Author: IBL News

  • 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

     

  • Language Models – Based Tools Will Radically Change Education

    Language Models – Based Tools Will Radically Change Education

    IBL News | New York

    Microsoft supported ChatGPT, which uses a neural network to generate responses from data sources from the Internet and the AI-generated art tool DALL-E had many educators wondering about the future of learning.

    The dominant conviction is that with AI for the masses, education is about to radically change, as an article in Getting Smart publication states.

    Essentially, this technology allows educators to design efficient and personalized learning systems while students learn with more tailored and effective instruction based on their individual needs.

    From existing underlying data, AI/ML (Artificial Intelligence/Machine Learning) machines take huge amounts of data and predict relevant responses and they can build on previous responses as they learn from their interactions with the user.

    The result is a more natural and helpful conversation, which is vastly different from the existing chatbots used currently online on many help desks.

    The potential of this technology will result in highly personalized, adaptive learning programs for the masses with 1:1 tutoring support provided by sophisticated AI tutors and coaches; improved assessment and rubrics with continued questions; social-emotional and mental health virtual counselors; better teaching and decision-making methods; lesson plans and learning modules automatically created with entering texts, videos, and media sources — as the new Nolej and Edthena platforms, built on ChatGPT, are showing.

  • Microsoft Might Invest $10 Billion in OpenAI’s ChatGPT

    Microsoft Might Invest $10 Billion in OpenAI’s ChatGPT

    IBL News | New York

    Microsoft Corp. is considering investing $10 billion in OpenAI, the creator of the viral AI tool ChatGPT, news site Semafor reported on Tuesday.

    This investment would be part of a funding round that would value the company at $29 billion. Other venture firms would participate in the venture.

    Microsoft would get a 75% share of OpenAI’s profits until it recoups its investment, after which the company would assume a 49% stake in OpenAI. Other investors would take another 49%, and OpenAI’s nonprofit parent would keep 2%,

    The two companies have been discussing the deal for months. However, the terms could change and the deal could fall apart.

    A bet on ChatGPT could help Microsoft boost its efforts in web search, a market dominated by Google.

    Microsoft and OpenAI declined to comment. The Wall Street Journal reported last week that ChatGPT was allowing employees and early investors to sell their shares at a valuation of $29 billion.

     

  • Quora Tests Its Own Chatbot, Which Will Be Connected to More AI Agents

    Quora Tests Its Own Chatbot, Which Will Be Connected to More AI Agents

    IBL News | New York

    Question-and-answer website Quora launched this month its own AI chatbot called Poe (“Platform for Open Exploration”), following the explosion of text-generating AI systems like ChatGPT that are taking the Internet by storm at the end of this year.

    Poe is invite-only and currently only available on iOS. It lets people ask questions, get instant answers, and have a back-and-forth dialogue. The Poe chat can talk about anything from writing, cooking, or solving problems.

    Quora disclosed that Poe is “designed to interact with a number of different AI agents,” according to TechCrunch. ChatGPT and Google’s LaMDA can be two of them.

    “We have learned a lot about building consumer internet products over the last 12 years building and operating Quora, and we believe much of what we’ve learned can be applied to this new domain where people are interfacing with large language models,” said a spokesman of Quora.

    Quora seems to be training now its chatbot on its platform’s vast collection of crowdsourced questions and answers while getting feedback from beta testers and working out scalability.
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  • Princeton Student Launches an App that Detects Plagiarism from ChatGPT

    Princeton Student Launches an App that Detects Plagiarism from ChatGPT

    IBL News | New York

    Princeton student Edward Tian wrote an anti-plagiarism app called GPTZero that detects texts written with AI-based ChatGPT. Entrepreneur magazine surfaced the story.

    Tian posted a few proof-of-concept videos on January 2nd demonstrating GPTZero’s capabilities.

    First, it determined that a human authored a New Yorker article; then, it correctly identified ChatGPT as the author of a Facebook post.

    Increased AI plagiarism after the viral popularity of OpenAI’s ChatGPT is deeply concerning educators around the country.

    Tian’s motivation for creating GPTZero was academic in nature. He tweeted that he thought it was unlikely that “high school teachers would want students using ChatGPT to write their history essays.”

    According to the Guardian, OpenAI is currently working on a feature for “statistically watermarking” ChatGPT outputs.