Open AI launched it’s first conversational AI model in November, which showed the world just some of the capabilities of artificial intelligence. In only 4 months, Open AI has developed their next iteration of their high-powered chat bot, Chat GPT-4.
GPT-4 now incorporates image inputs, enhances the previous theoretical foundations, and of course fixes some bugs. But this brief description understates the new functionality of the model. “In a casual conversation, the distinction between GPT-3.5 and GPT-4 can be subtle. The difference comes out when the complexity of the task reaches a sufficient threshold—GPT-4 is more reliable, creative, and able to handle much more nuanced instructions than GPT-3.5.” For example, GPT-4 has excelled (compared to its predecessor) in many standardized testing forms.
This launch of GPT-4 has also excited the masses and has incited users testing out of some of the functionality. Within the first day, BETA users were reporting streamlined functionality within software engineering, UX/UI development, trading strategies, customer service, among many others.
Open AI released an enhanced version of their already “best-in-class” chatbot in 4 months. With GPT-5 already expected by the end of 2023, I predict much more advanced functionality (not just from Open AI) to be released in the coming months.
BlueStar® Artificial Intelligence Index
Source: MarketVector IndexesTM. Data as of March 21, 2023.
The BlueStar® Artificial Intelligence Index (BAI) tracks the performance of the largest and most liquid companies companies in the global artificial intelligence industry. This is a modified market cap-weighted index, and only includes companies that generate at least 50% of their revenue from products or services required for either machine learning or inference/'Applied Ai', such as productivity software, big data analytics related to machine learning, embedded machine learning semiconductors, sensors and signal processors for machine vision, natural language processing and voice recognition, or proprietary artificial intelligence software or services.
About the Author:
Alex Butler is a Business Development Associate at MarketVector Indexes GmbH. At MarketVector IndexesTM, Alex works closely with the business teams and clients to help tailor indexes and index data to meet client needs. Prior to joining MarketVector IndexesTM, Alex led the Americas Business Development team at S&P Global (Formerly IHS Markit, Markit) for ETF and Index Management. Alex is a product expert for ETF and index data. Alex studied at Elon University with a BA in Economics along with a focus on Information Science.
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