Monthly Archives: May, 2023

Private AI introduces PrivateGPT, a powerful tool designed to safeguard confidential customer and employee data from being exposed in conversations through OpenAI's popular ChatGPT service. The platform instantly removes personal information such as SSNs, DOBs, contact, credit card, and health details from all ChatGPT interactions, even as it converses with the user, resulting in a smooth user experience. According to Patricia Thaine, the company's founder and CEO, "Generative AI can only be accepted within our organizations and societies if the right security measures are put in place".

. Chegg, the college textbook rental and educational service provider, experienced a 48% dip in their stock price on Tuesday. CEO Dan Rosenweig downplayed the significance of the drop and mentioned the risks of Artificial Intelligence. Chegg released higher than expected 1st quarter earnings and revenue and is preparing to launch the Cheggmate platform, with AI powered GPT-4. Dan Rosenweig brings with him an impressive background in tech, making Chegg a force to be reckoned with.

. LivePerson, founded in 1997, is a tech veteran based in Midtown that has been a leader in automated customer service. With the launch of Bella AI, customers can create automated assistant bots for their business, customer service and personal needs. Powerful customers like HSBC, Virgin Media and Burberry have enrolled with LivePerson services. Growing 40% in the past two years, the company made $514.8 million in 2023 and has since become profitable. With a mission of creating machines that are as empathetic as humans, LivePerson is facing competition from giants like Microsoft and Google. Rob LoCascio, CEO and visionary driving the company, is striving to stay competitive with a focus on safety and accuracy of automated responses. LivePerson is confident of their success with their customer service legacy in today's AI market.

AQR, a quantitative asset manager, is utilizing cutting-edge ChatGPT Generative Artificial Intelligence to try and improve investment returns. This tool has successfully generated results surpassing market returns from 2004 to 2019. Though ChatGPT is not intended to predict future returns, parts of its language model can still be used for optimizing portfolio construction by translating publicly available financial data into numerical representation. AQR also looks into other generative AI tools like Meta's OPT & Google's BERT. It is led by experienced finance professor Bryan Kelly.

Yuval Noah Harari, the renowned author and historian, has warned that AI-powered ChatGPT may soon be able to create texts for new religions. Harari discussed the possible implications of AI on cultural aspects, as well as the dangers posed by AI, at a recent event in Switzerland. AI experts like Geoffrey Hinton have warned humans of AI's potential consequences, saying that we need to act quickly. ChatGPT is an AI platform for natural language generation, and it could be used to write a new religion. It is important to consider the potential risks and responsibly manage AI technology.