GPT-4 outperforms humans financial analysts

Good Morning! Welcome to another edition of Lightway.

Here’s everything you need to know to start your week:

→ GPT-4 now outperforms humans in Financial analysis
→ Google faces major leak of its search algorithm
→ Mistral launches new AI chatbot for coding, and more Tech & AI news.

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Highlights of the week

GPT-4 outperforms human financial analysts

New research from University of Chicago shows that AI, specifically GPT-4, can analyze financial reports more accurately than human experts, marking a significant shift in financial analysis and decision-making.

GPT-4 achieved 60% accuracy in financial report analysis, compared to 53-57% for human analysts. Researchers used chain-of-thought prompts to refine AI response, boosting accuracy.

Though GPT-4 has higher ground in efficiency and ability to draw accurate conclusions from data patterns, it lacks the additional context that humans have for problem solving. (Read more)

Google faces major search algorithm leak

Over 2500 pages of Google’s Search Algorithm Google were leaked, showing detailed, technical insights into Google’s search system.

The exposed documents reveal inconsistencies between Google's official statements and its internal operations, particularly noting the utilization of Chrome data and the significance of author bylines in determining search rankings, which differs from Google's earlier disclosures. (read more)

Mistral launches new AI bot for coding

Mistral has launched Codestral, a powerful AI model to assist developers with code. This 22B parameter model, featuring a 32K context window, supports over 80 programming languages, including Swift, Bash, Python, Java, C++, and JavaScript.

Key points:

• Availability: Codestral can be downloaded on HuggingFace and accessed via Mistral's API and Le Chat platform.

• Performance: Sets new standards for code generation, excelling in Python and SQL benchmarks.

• Licensing: Available under the Mistral AI Non-Production License, restricting use to research and testing only, not for commercial purposes.

Codestral's impressive capabilities make it a valuable tool for developers, even with its usage restrictions.

 Tech Roundup

→ Elon Musk’s AI company, X.ai raises $6B in Series-B funding to build next generation of AI models (link)

→ Paypal is planning a new Ad-network based on your purchase history (link)

→ Amazon gets FAA approval for long distance drone deliveries (link)

→ Perplexity launched 'Pages', an AI-powered services for research and writing based on user prompts (link)

→ Anthropic’s Claude AI can now autonomously interact with external data sources, APIs, and tools (link)

→ OpenAI is reviving OpenAI is reviving its robotics department that was previously discontinued in 2020 to accelerate the development of AI-powered robots. (link)

→ Sony wants to use AI to cut movie production costs by embedding AI into the filmmaking process. (link)

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