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ChatGPT

ISSUE 002

Welcome to the 2nd edition to Curious Hours

In our first edition of Curious Hours, we planned to discuss Midjourney and AI generated images this week. However, we decided to change the topic and talk about OpenAI's (ChatGPT developers) latest progress with ChatGPT instead. This new development is extremely significant and cannot be ignored.

OpenAI's team has added voice and image features to the ChatGPT platform. This is a big improvement in how artificial intelligence interacts with users. Now, ChatGPT can do more than just respond with text. It can also have conversations using voice and understand images. This update makes ChatGPT even more versatile.

Someone cleverly used this feature to outsmart and win against their opponent in an exciting game of chess.

Another case of someone using this new feature is by analysing confusing powerpoint slides. Here is how it went:

ChatGPT's advanced features can be a game-changer. It can help you with graphs and data, even if they are sideways. It's like having an extra pair of eyes that can match columns and interpret details, although you need to be careful with percentages.

The benefits of ChatGPT include interpreting images and responding to voice commands, which can make your work easier. It can reduce your workload and allow you to focus on important tasks, improving productivity. And it's not just for work - ChatGPT can also help you in daily life, like planning meals or assisting with your daily tasks.

It combines utility and convenience to make our lives easier. This continuity of innovation gives each of us hope that AI is the future and by learning the basics now, can gives us that competitive edge we all look for.

Chat GPT is now able to access
the internet so what ?

The ability of ChatGPT to access the internet in real time translates to a strategic advantage in decision-making and business planning. It’s purpose as a dynamic resource, providing real-time market insights, industry trends, and competitive intelligence, enabling leaders to make informed and timely decisions.

Artificial Intelligence stands as the linchpin of modern technological innovation, changing industries and changes the way we perceive and interact with technology.

For executives and CEOs, embracing AI is no longer a luxury but a necessity, a critical component in maintaining competitive edge and driving business success in today’s rapidly evolving digital landscape.

Quote of the week

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Just as the internet created fortunes for the barons of that development cycle, artificial intelligence will likely do the same for its pioneers.

Reid Hoffman (Co-Founder of LinkedIn)

The internet boom and the current boom in AI technologies are similar. They are both transformative technologies that have changed or are changing industries, economies, and societies. Here are some similarities between the two:

  • Internet: The internet revolutionised several industries, from retail and media to finance, creating new business models and rendering some traditional models obsolete.

  • AI: AI is poised to have a similar transformative impact across various sectors, enabling automation, enhancing productivity, and creating new possibilities.

The AI market is projected to reach a staggering $407 billion by 2027, experiencing substantial growth from its estimated $86.9 billion revenue in 2022.

Forbes

Creating a AI community where we are able to give ideas, ask questions and find latest development in AI is our path to ultimate success and it’s similar to when the internet first came out and not knowing how to access the World Wide Web to now reading a newsletter 30 odd years later.

To clear one thing up, Chat GPT is the most advanced generative AI website available. But that doesn’t mean that other big companies are not looking at AI but rather looking at AI products. Meta have very recently released a their own chatbot but also gone a step further to introduce AI smart glasses.

The glasses will be able to understand what you’re looking at and provide information about it. Meta have already established their mark in the AI industry.

How ChatGPT can become your own Risk Manager

The idea that AI can become your own Risk Manager is ideal and beneficial to every idea that you make.

  • Importance:

    • Identifying and mitigating risks is crucial for corporate stability.

  • Benefits:

    • AI can predict potential risks and suggest mitigation strategies, enhancing corporate resilience.

    • Continuous monitoring and analysis can aid in proactive risk management.

Prompt of the week:

"For improving my output in (specific activity or field, e.g., 'graphic design'), suggest exercises and practices to boost creativity."

Wrapping things up!

We’ve been talking about the insane upgrades to OpenAI’s ChatGPT—yeah, the voice and image stuff! This isn’t just about basic tech; it’s about unlocking a whole new world of possibilities in how we talk, decide, and plan—super important for improving and integrating AI in our day-to-day routines.

It’s essential if you want to stay ahead of the game, streamline your operations, and bring those innovative ideas to life in today’s fast-paced business scene. We’re all in this exciting tech revolution together

If you enjoyed the 2nd issue of Curious Hours, why not share to friends or family to help grow our newsletter.

QUESTION OF THE WEEK

How could you personally leverage ChatGPT’s new features to enhance your leadership and decision-making?