Hey there!

We have quite a lot to cover today including a bonus tool! Here’s what we’ll learn about:

• A new OpenAI update you need to know about 🗣️

• ChatGPT still isn’t an accountant 💸

• Bill Gates: AI will be teaching children literacy in 18 months 📚

• Wondercraft AI creates text-to-studio-quality podcasts in seconds!

• Tango makes it easy to create instruction manuals!

Reading time: 4 minutes 52 seconds

News Reel:

Highlight 1: ChatGPT users can now turn off chat history

ChatGPT users can now turn off chat history 📴, which allows them to choose if their data will be used to train the models. You can disable chat history by:

1. Go to chat.openai.com

2. Click on your profile

3. Click on Settings

4. Click on "Show"

5. Disable "Chat History and Training"

• Conversations that are started when chat history is disabled won’t be used to train and improve GPT models, and won’t appear in the history sidebar.

• When chat history is disabled, OpenAI will retain new conversations for 30 days and review them only when needed to monitor for abuse, before permanently deleting.

We will keep you up to date with all OpenAI updates. In the meantime, read the detailed article here.

Highlight 2: Accountants are still safe from losing their jobs

GPT-4 has passed the bar with a 90th percentile🤯, passed 13 out of 15 AP exams, and even achieved a near-perfect score in the GRE Verbal Test💯; however, accounting still isn’t one of its strong suits. Here’s what happened:

• ChatGPT faced off against students on accounting assessments. Students scored an overall average of 76.7%, compared to ChatGPT's score of 47.4%.

• On 11.3% of questions, ChatGPT scored higher than the student average, doing particularly well on AIS (Accounting Information Systems) and auditing.

• But the AI bot did worse on tax, financial, and managerial assessments, possibly because ChatGPT struggled with the mathematical processes required for the latter type🧮.

• When it came to question type, ChatGPT did better on true/false questions (68.7% correct) and multiple-choice questions (59.5%), but struggled with short-answer questions (between 28.7% and 39.1%).

Here some fun facts found from the study:

• ChatGPT often provides explanations for its answers, even if they are incorrect ❌. Other times, ChatGPT's descriptions are accurate, but it will then proceed to select the wrong multiple-choice answer.

• ChatGPT sometimes makes up facts. For example, when providing a reference, it generates a real-looking reference that is completely fabricated. The work and sometimes the authors do not even exist 🧠.

Here is the full article from Science Daily for you to read.

Highlight 3: Bill Gates says that AI will teach children literacy in 18 months

In a fireside chat at the ASU+GSV Summit in San Diego, Gates explained that the “AIs will get to that ability, to be as good a tutor as any human ever could.” 🧑‍🏫

Here’s the summary of what he said:

• Microsoft co-founder Bill Gates believes AI chatbots will be capable of improving children’s reading and writing skills within 18 months🔡

• Chatbots have shown the ability to summarize, offer feedback, and even write essays 📜.

• The technology must still improve before becoming a viable tutor and must get better at reading and recreating human language.

• Gates believes AI chatbots could help make private tutoring available to a wider range of students who may not otherwise be able to afford it🪙.

Read the whole article here and watch the whole interview below:

A.I. Tools showcase:

WonderCraft AI

Wish to start your podcast but are too afraid or shy or lazy to speak?🙊 Here’s how you can do it without having to speak a word… and did we mention that it’d only take you about 1 minute?

This new company, backed by Y-combinator, helps you create professional podcasts on any topic, and here’s how to use it:​

1. Go to pro.wondercraft.ai

2. Click on “Let's get started”

3. Type in the title of your Podcast

4. Type what you want to ‘speak’ about

5. Paste the general idea or the article you want your podcast to be based around

6. Select the options you want. These can include

• choosing a voice

• picking an intro and exit song 🎶

• adjusting the overall duration of the popdcast⌛ .

You can also upload a 30-second sample of your own voice and WonderCraft AI will create the podcast using your voice! You can also edit the script that has been autogenerated by the AI!

7. Now hear, download and share your podcast!

Here are two samples we made in under 2 minutes of work for your hearing pleasure!

Tango.us:

All the instruction manuals created in this edition took me about 30 seconds to make. How? 📄

I simply used Tango.us! This amazing tool uses screencapture to document all the steps you performs on your screen and creates text descriptions along with screenshots, which you can edit and even share! Here’s an instruction manual on how to use Tango made using Tango.​ ⏭️

1. Go to tango.us

2. Click on "Get Tango for free"

3. Download the Chrome Extention

4. Click on "Sign up for free"

5. Sign Up

6. Fill in all the introductory information and click on Done 🎉Y

7. Click on "New Workflow" on the top right

8. Choose any tab that's open to begin creating your workflow

9. Click on "Start Capture"

10. That's it! Start creating a "How to" with ease!🙌🏻

I exported using HTML but you can even create a pdf manual and it’s all free💰!

A.I. Art of the Week:

This week's images are based on the fun prompt: “Imagine Elon Musk if he was born on a Mars colony“

Have a great weekend everyone!

-A.I. Bits