The ever-growing significance of artificial intelligence (AI) in the business world has been well noted, and with Microsoft’s recent unveiling of the GPT-4 iteration of its AI chatbot, the role of AI technology is poised to be more integral than ever before. OpenAI, first introduced to the world as a partner for Microsoft and its Bing search engine, released the third-generation of its AI technology with GPT-4, making a significant impact on business processes world-wide.
GPT-4 is a major advancement in machine learning capabilities, as the AI can actually analyze images and video, then provide answers based on the content provided. Additionally, with the vast amount of data in its training database, GPT-4 can create simple computer programs. GPT-4 surpasses previous language independent models by creating first drafts of promotional copy pieces and being used as automated customer service chatbots, allowing more streamlined customer service processes.
Real estate professionals, among other industries, are looking towards this new technology as a great opportunity to streamline their processes. GPT-4’s enhanced capabilities offer more options to those in the industry, such as faster marketing copy generating and more efficient customer service management. With these steps, customer relationships and customer retention can be improved.
However, there are some caveats when discussing GPT-4 and its overall capabilities. Firstly, GPT-4 only has current events information after September 2021 as part of its database, which means that it cannot provide answers pertaining to events that took place prior to this date. Secondly, GPT-4 does not learn from its experiences, making it subject to logical errors and ill-informed answers to questions, as it is unable to properly comprehend all queries.
In spite of its limitations, GPT-4 is a major step up from its predecessors, and
real estate professionals can still benefit from its use. AI technology continues to evolve and, if used to its fullest potential, can be an invaluable asset to any business. Microsoft’s AI technology has advanced significantly with GPT-4, and it is becoming a true engine of great potential, if used correctly.
OpenAi, the technology company who partnered with Microsoft to generate the GPT-4 model, has gained a lot of recognition in the tech-world since its inception in 2016. The company was founded by a group of entrepreneurs who wanted to create a model of Artificial General Intelligence that could eventually surpass humans in its capabilities. With their partnership with Microsoft and their latest AI Technology, GPT-4, they have become a global leader in AI development and research.
Microsoft, founded in 1975, is one of the leading technology companies in the world and has always been at the forefront of innovation. With their introduction of GPT-4, they have pushed the bounds of AI technologies even further, ushering in a new era of machine powered intelligence. By combining their existing ChatGPT AI chatbot with OpenAI’s capabilities, they have created a powerful and versatile tool that will revolutionize the way businesses use AI in the upcoming years.
