chatGPT Archives - Vizag One

OpenAI Nears Record $100 Billion Valuation in Thrive Capital-Led Funding Round

Our Vizag — Fri, 30 Aug 2024 14:37:33 +0000

OpenAI is edging closer to securing funding amounting to a valuation exceeding $100 billion in a funding round spearheaded by Thrive Capital, according to insiders familiar with the situation. Thrive is anticipated to inject approximately $1 billion into the round, as per an undisclosed source due to the fundraising not being publicized yet. Sarah Friar, the CFO of OpenAI, communicated to staff through a memo about the company’s pursuit of fresh capital, withholding specific details, as noted by those well-versed with the matter. Discussions concerning OpenAI’s fundraising efforts at a valuation equal to or surpassing $100 billion have been ongoing since at least December, as disclosed by sources from late last year. This funding endeavor is poised to position OpenAI as one of the most valuable venture-backed startups globally, highlighting the increasing demand for generative artificial intelligence software following the attention garnered by OpenAI’s user-friendly chatbot, ChatGPT. The success of OpenAI, supported by Microsoft Corp., has catalyzed a competitive environment among major tech companies, leading to the integration of AI technology across their offerings and investments in promising startups. In her message to employees, Friar indicated that the funding will cater to the company’s requirements for computational resources and operational expenses, as relayed by insiders. Additionally, OpenAI’s CFO mentioned plans to organize a tender event where employees can potentially divest some of their shares later this year. Friar emphasized that these deliberations are in preliminary stages, and finalized details are pending confirmation. The intention of Thrive Capital to invest was previously reported by the Wall Street Journal.

The post OpenAI Nears Record $100 Billion Valuation in Thrive Capital-Led Funding Round appeared first on Vizag One.

ChatGPT Revolutionizing Hedge Funds and Banking: The Rise of AI in Investment Strategies

Our Vizag — Thu, 15 Aug 2024 15:45:15 +0000

After more than 20 months since the grand introduction of ChatGPT by OpenAI, hedge fund managers such as Two Sigma Investments and Man Group are in a competitive rush to harness the disruptive capabilities of this technology. They are swiftly incorporating chatbots into their daily research and investment activities. Leading banks are also embracing these tools, with JPMorgan Chase & Co. rolling out its customized ChatGPT to staff in asset and wealth management recently, while Goldman Sachs Group Inc. is in the process of developing its own platform.

For these early adopters, who have a history of leveraging new technologies to gain a competitive edge in investing, chatbots are now able to handle mundane tasks akin to eager interns. This includes tasks like sifting through regulatory documents, summarizing research findings, and even writing basic code. However, the dream of a fully equipped chatbot analyst capable of generating sophisticated investment insights, detailed research, and reliable predictions still seems distant. This gap persists as concerns loom on Wall Street about whether this new technology can substantiate the current rapid surge in stock values.

Despite these uncertainties, advocates of quick financial gains remain resolute in their belief that their investments will yield substantial returns now that there is a better understanding of the practical limitations of chatbots in their original state. Goldman Sachs projects that the expansion of AI infrastructure across various sectors will exceed $1 trillion in expenses over the coming years. Balyasny has assembled a team of 12 individuals dedicated to AI, while Man is set to have six team members focused specifically on general AI. Services from fully trained systems like ChatGPT come at a cost for every additional use.

The post ChatGPT Revolutionizing Hedge Funds and Banking: The Rise of AI in Investment Strategies appeared first on Vizag One.

OpenAI’s SearchGPT Revolutionizes AI-powered Search: Competing with Google and Perplexity

Our Vizag — Sat, 27 Jul 2024 04:17:38 +0000

OpenAI has entered a domain traditionally controlled by Google by introducing SearchGPT, an AI-driven search engine that offers real-time access to internet information. This step positions the AI powerhouse in competition with its main supporter Microsoft’s Bing search and emerging players like Perplexity, a search-focused AI chatbot firm endorsed by Amazon’s Jeff Bezos and Nvidia. OpenAI has initiated sign-ups for the new tool, currently in the prototype phase and undergoing testing with a select group of users and publishers. The company plans to incorporate top features from the search tool into ChatGPT in the future. “AI-powered search tools from OpenAI and Perplexity reinforce search as a content engagement model, pushing Google to elevate its performance,” noted analyst Kingsley Crane from Canaccord Genuity. Google leads the search engine market with a 91.1% share, as reported by web analytics firm Statcounter. SearchGPT aims to deliver concise search results with source links in response to user queries, as stated by OpenAI in a blog post. Users will have the ability to pose follow-up questions and receive contextual responses. Publishers will be granted tools to manage how their content appears in SearchGPT results, with News Corp and The Atlantic serving as publishing partners for SearchGPT. Crane mentioned that newer AI-driven search providers may encounter obstacles, with Perplexity already confronting legal challenges from publishers such as Wired, Forbes, and Conde Nast.

The post OpenAI’s SearchGPT Revolutionizes AI-powered Search: Competing with Google and Perplexity appeared first on Vizag One.

GPT-4 for free

Our Vizag — Wed, 29 Nov 2023 13:10:54 +0000

chatGPT, A technology that is breaking new ground and challenging online search. From writing articles to writing emails, it does many things in a pinch. The knowledge of GPT-4 has made it more sophisticated. But to use GPT 4 you have to pay a subscription. And if you want to use it for free? There are no alternative ways. These are some of those things..

This is a Chrome chatgpt extension. Can be accessed on any website. Just install Merlin and create an account. The next step is to press the Control/Command and M keys together and give commands in the form of a prompt. Promotes summaries of blogs, YouTube videos, and websites in a pinch. Social media content can also be created.

Writes emails and codes. Its 12 ChatGPT plugins help a lot to increase productivity. The artificial intelligence in Merlin answers any complex question in the sidebar. It not only helps in writing articles but also reads out the articles. For employees and students who worry about lack of time, it is a bitter compliant.

Visit Merlin AI Official Website: https://www.getmerlin.in/

The post GPT-4 for free appeared first on Vizag One.