OpenAI CEO: Caution

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• 🚨 OpenAI CEO: Caution Needed for AI Deployment to Ensure Greater Good
• ✨ ChatGPT by the numbers
• 🏦 Banks collapse while Crypto markets have a party
• 🔨 AI Tools of the week
• 🔬 Research worth checking

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There is an interesting interview with Sam Altman, CEO of OpenAI and the CTO where they discussed the potential of artificial intelligence (AI) and its impact on society. Sam believes that the popularity of the company’s language model, GPT, is due to the fact that people have fun with it and see its potential to help them in various tasks.

The CEO acknowledges that there are potential negative outcomes of AI, including large-scale disinformation and offensive cyber attacks, but emphasizes that caution and experimentation are key to avoiding dangerous scenarios. He also discusses the need for responsible deployment of AI and gathering public input on how the technology should be used. The CEO believes that AI can create more truth in the world, but warns of the “hallucinations problem” where the model can confidently state things that are entirely made up. He also emphasizes that the goal is to make AI a tool for humans, not a replacement for them and that the technology can amplify human will and improve people’s quality of life.

Altman acknowledges the potential negative consequences of AI, including job loss, racial bias, and the possibility of creating machines that are smarter than humans, but believes that if the technology is properly developed and implemented, it can bring great benefits to society. Altman also addresses concerns about the misuse of AI, emphasizing that OpenAI has put constraints in place to prevent the technology from being used for harmful purposes. He calls for a global effort to regulate AI and create governing documents to ensure that the technology is used for the greater good. Altman also discusses the potential impact of AI on education, acknowledging that it will change the way teachers teach but also has the potential to revolutionize individual learning.

We are excited to share with you some fascinating facts about ChatGPT, a revolutionary AI language model created by Open AI. In January 2023, ChatGPT reached an impressive 100 million users, with over 25 million daily visitors and a staggering 619 million total website visits according to Similarweb.

The model was trained using a Reinforcement Learning from Human Feedback (RLHF) method, and its fine-tuned GPT-3.5 model (text-DaVinci-003) has a knowledge base up to 2021, with a dataset size of 300 billion words and 570 GB crawled from the web, books, and Wikipedia. It’s estimated that ChatGPT handles approximately 10 million queries per day, and Microsoft Azure infrastructure supports its operation. The estimated monthly cost to run ChatGPT is around $3 million, and the research preview is free, while ChatGPT Plus costs $20. With projected revenues of USD 200 million by the end of 2023 and an estimated USD 1 billion by the end of 2024, ChatGPT’s growth is expected to continue in the coming years, and its impact on the AI industry and society at large will be fascinating to watch.

Last week, ChatGPT-4 was released, but its dataset numbers are not fully public, with some being kept confidential. However, it’s been revealed that it has been trained on approximately 57,000% more data compared to its predecessor

Despite concerns over the ongoing US banking crisis, Bitcoin’s price has surged nearly 40% in the past few weeks. A recent report from now-bankrupt Silicon Valley Bank (SVB) analysis suggests that more than 186 banks are prone to collapse following the fall of SVB.

BTC the past 7 days.

Even so, Bitcoin’s rally has been proving inevitable amid this crisis. Bitcoin’s value is determined by market demand rather than government intervention, making it an uncorrelated asset during times of financial uncertainty. Some people may see cryptocurrencies such as Bitcoin as a safe haven for their assets, and traditional bankers may just continue to accumulate BTC, therefore, surging its price. Bitcoin’s rapid adoption and decentralization, as well as the world going digital, has made BTC a “digital gold,” and people have begun to see it as a pleasant alternative to gold.

Bitcoin is highly volatile and it has a small market cap when compared with traditional assets, hence the risk of dropping substantially shall a few investors decide to sell.

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