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OpenAI Launches ChatGPT-4: What You Need To Know
Although the latest version of the popular chat tool still isn’t 100% perfect, its creator says it performs at human levels on certain tasks.
OpenAI released the eagerly awaited update to ChatGPT – ChatGPT-4 – on Tuesday, with immediate access available on Microsoft’s Bing Chat and a developer waiting list.
ChatGPT-4 is “less capable than humans in many real-world scenarios”, OpenAI said in a recent blog post, but it represents “the latest milestone in OpenAI’s effort in scaling up deep learning”.
Since its launch last November, ChatGPT’s popularity has exploded, with traffic to the site hitting over one billion visits.
The new version of the tool is said to have “human-level performance on various professional and academic benchmarks”. ChatGPT-4 can pass the lawyer’s bar exam in the 90th percentile, for example, while by comparison, GPT-3.5’s score was in the bottom 10%.
Who Can Use ChatGPT-4?
Microsoft’s Bing Chat was co-developed with OpenAI and has run on GPT-4 for the last five weeks. GPT-4 is also available to OpenAI’s paying users, and developers can enter a waiting list to gain access to the platform.
What Are The Limitations Of ChatGPT-4?
“Despite its capabilities, GPT-4 has similar limitations as earlier GPT models,” OpenAI said, with the software still prone to producing bad advice, buggy code, or inaccurate information.
The company has cautioned against using the chat tool in “high-stakes contexts” and advises human review to check facts and add additional context. However, OpenAI claims a 40% improvement in error reduction.
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du Considers Adding Crypto & Investment Tools To New Service
The company plans to bridge gaps in one of the financial market’s most underserved demographics, according to its CEO.
The Emirates Integrated Telecommunications Company, better known as Dubai-based du, is contemplating incorporating cryptocurrency and investment tools into its recently launched financial technology platform, according to CEO Nicolas Levi.
According to Levi, the potential enhancements would enable improved portfolio management for investors. The new tools and features would be realized through future partnerships while continuing to adhere to strict UAE regulations.
“Cryptocurrencies are being used as an investment. Will we have an investment product one day potentially? I’m not saying no to that. Will we use crypto for our own transactions? There are some plans with the [UAE] central bank to work on that,” Levi said in a recent interview.
The UAE Central Bank does not currently recognize cryptocurrencies as legal tender. However, the regulator began implementing its own form of digital currency back in March 2023, known as Digital Dirham. Additionally, the UAE Central Bank’s endorsement of legitimate crypto enterprises for banking services underscores the Emirates’ commitment to addressing real-world financial needs.
Also Read: Lebanese Newspaper Builds AI President To Beat Political Crisis
du Pay, the company’s inaugural venture into the FinTech sector, had a soft launch earlier this month after UAE Central Bank authorization. Offering an array of financial services like domestic and international transfers, bill payments, recharges, and salary receipts through a unique IBAN, du Pay marks a significant strategic move by the telecom firm into the digital finance space.
The rising trend of mobile-based financial services in the UAE, including digital wallets and online payments, mirrors global trends. Statista projects the digital payments market to balloon to $16.7 trillion by 2028, at a CAGR exceeding 9.5% from 2024’s estimated $11.53 trillion.
du Considers Adding Crypto & Investment Tools To New Service
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