This story has been doing the rounds for a few weeks now, but we wanted to make sure we featured in Thought Starters. For all the hype about chatGPT and the coming wave of AI – be careful, it is often wrong.
Here at Equity Mates HQ we were playing around with chatGPT and asked it to tell us about an Australian software company. With all the certainty in the world, chatGPT wrote 500 words on how this company was a Real Estate Investment Trust that works to provide investors with a stable income stream by leasing its properties to major corporations and government agencies. Which was completely wrong.
And we are not the only ones who are realising that for all that chatGPT does right, it often gets the basic facts wrong. This article looks at Microsoft’s Bing Bot, which uses GPT3 (the same AI as chatGPT). From incorrectly pulling numbers from a company’s financial statement to thinking Croatia left the EU in 2022, there are plenty of factual mistakes being made.
An important reminder to temper your expectations about AI. The wave is coming, it may just take a little longer than many expect.
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