According to OpenAI’s CEO, Sam Altman, the artificial intelligence lab is not currently training its successor to GPT-4, GPT-5. Altman revealed this during a virtual event at MIT, where he spoke about AI system threats. While they’re not training GPT-5, Altman added that they were working on upgrades and updates to GPT-4. The CEO also talked about the open letter that requested companies like OpenAI to pause the development of AI systems “more powerful than GPT-4” and said that the letter was missing technical nuance. This follows the recent suspension of OpenAI’s chatbot service, ChatGPT, in Italy, after concerns were raised about privacy rules. The data protection agency in Italy has set out a list of demands to address its concerns, and Spain’s data protection agency has also asked the EU’s privacy watchdog to evaluate privacy concerns surrounding ChatGPT.
As AI and data science continue to grow and evolve, concerns about their rapid development and potential threats are increasing. However, many startups are leveraging these technologies to improve traditional financial services, predicting cash flow events, assessing creditworthiness, and detecting fraud. This has led to better data-driven decisions and increased profits by automating repetitive tasks, unlocking competitive advantages, and significantly increasing financial inclusion.
OpenAI’s chatbot service, ChatGPT, has already gained over 100 million monthly active users, just months after its launch in November last year. However, concerns about privacy and regulations have led to its suspension in Italy and raised questions about the need for harsher measures for chatbots across Europe. Despite these challenges, AI and data science will continue to play a significant role in shaping the future of technology and financial services.