ChatGPT-5 isn't coming anytime soon...

Hey guys, this is Beeps. So it looks like ChatGPT-5 isn't coming anytime soon, Sam Altman says that bigger LLMs aren't better, a professor claims ChatGPT can predict the StockMarket and much more!

Let’s do this!

1/4  OpenAI CEO Sam Altman: "GPT-5 is not Happening Soon"

OpenAI's CEO, Sam Altman, recently squashed rumors about the development of GPT-5 at an MIT event. The CEO mentioned that the company isn't working on GPT-5 and won't be "for some time." Despite the humorous tone, this doesn't mean OpenAI has stopped expanding GPT-4 or addressing safety implications. The article suggests that version numbers like GPT-5 or iPhone 35 aren't necessarily indicators of progress, but rather clever marketing tools. So, don't worry, AI safety enthusiasts - GPT-5 isn't happening anytime soon, but the world is still grappling with the capabilities and risks of its predecessor, GPT-4.

2/4  Size Isn't Everything - The Future of AI Beyond Giant Language Models

Sam Altman also recently shared his thoughts on the future of large language models (LLMs) at MIT's Imagination in Action event. He believes that bigger isn't always better, and we're reaching the end of an era where size matters for LLMs. Altman compared the focus on parameter count to the chip speed races in the past, emphasizing the importance of increasing capability instead. Though some have called for a pause on AI development, Altman argues that focusing on safety and understanding the technology is key. So, as we move forward, let's stop obsessing over size and start embracing smarter AI strategies!

3/4   Who are the Pickaxe Vendors of the AI Rush?

Gold rush, anyone? The AI boom's got pickaxe vendors too! The four must-know categories are: cloud computing giants, chipmakers, the human element, and those directly developing AI. Microsoft, Google, and Amazon rule the cloud, fighting for dominance in providing the necessary computing power. Chipmakers like Nvidia, Intel, and AMD are in high demand, fueling the AI servers' brains. Of course, AI isn't all about machines; human labor, such as ScaleAI's data annotation services, is vital too. Lastly, companies like OpenAI are both developing AI tech and providing "pickaxes" to other firms. Just remember - betting on the suppliers might be your best profit strategy!

4/4  Professor claims that ChatGPT can Predict the Stockmarket

ChatGPT may be the next big thing in stock performance prediction — or not. This versatile AI chatbot, already known for writing cover letters and reviving Furbies, might even make you rich. Well, maybe. Finance professor Alejandro Lopez-Lira found that ChatGPT could parse financial headlines and predict stock prices well enough to impact returns. But before you get too excited, remember that the AI hasn't tackled target prices or calculations, and it's pretty lousy at arithmetic. Plus, if everyone starts using AI for this purpose, the advantage could vanish, making return predictability a thing of the past. So, no millionaires overnight — yet!

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