GPT-5: OpenAI's Next Big Leap in AI - What to Expect from the Future of Language Models
GPT-5: OpenAI's Next Big Leap in AI - What to Expect from the Future of Language Models
GPT-5 Summary
- OpenAI working on GPT-5, likely release in 2025
- Will have more training data, including video
- Smaller, higher-quality data can train models effectively
- New training approaches boost capabilities 2x already
- Estimated to score 99% in benchmarks, nearing AGI
- Still struggles with basic common sense reasoning
- Inner workings remain opaque and risky
Resimac AI Summary
- Australian lender Resimac pursuing full automation via AI by 2025
- Aims to cut costs and headcount amid tough conditions
- Building on cloud migration and new digital origination platforms
- Chair cites challenges of balancing IT improvements and vulnerabilities
- Sees technology as opportunity despite "insatiable appetite" for spending
SymphonyAI Summary
- Launched AI-powered financial crime investigation platform
- Uses predictive and generative AI to transform processes
- Touts 70% boost to investigator productivity
- Works with existing solutions as detection-agnostic overlay
- Addresses $1.6T global cost of money laundering
AI Stocks Surge on Cooling Inflation Data
Stocks rallied strongly on Tuesday after the October consumer price index (CPI) showed inflation cooling more than expected. The Dow jumped 1.4%, the S&P 500 climbed 1.9% and the Nasdaq composite surged 2.4%.
The tamer inflation reading sent Treasury yields plunging, with the 10-year yield dropping 19 basis points to 4.44%. Markets now see virtually no chance of more Fed rate hikes, and even expect a rate cut by May.
The rally was broad-based. Small caps, equal-weighted indexes and growth stocks like ARKK and ARKG saw powerful gains. Many individual stocks broke out or flashed buy signals, spanning diverse sectors like tech, retail, medical devices and homebuilders.
Microsoft and Nvidia rose further, now deep in buy zones. Tesla extended its rebound toward its 50-day line. Cloudflare was the IBD Stock Of The Day after breaking out powerfully. Amazon, MercadoLibre and Super Micro Computer were among other notable breakouts.
All eyes will be on Microsoft on Wednesday as it unveils new AI developments at its Ignite 2023 conference. There is buzz Microsoft could announce its own AI chip. Also on Wednesday, President Biden meets China's President Xi, with signals of some easing in U.S.-China tensions.
While the market could see a pause after the big October-November advance, the overall technical and fundamental backdrop continues to improve. More confirmed breakouts and buy signals would reinforce the uptrend.
Resimac Targets AI to Automate Lending
Australian non-bank lender Resimac is aggressively pursuing automation and AI to digitize its business by 2025. The goal is to reduce costs and headcount as it faces tough trading conditions.
Resimac is expanding workflow automation and early AI adoption to achieve full digitization over the next two years. Recent tech initiatives like new origination platforms for mortgages and asset financing will enable progress in 2024.
Chair Warren McLeland said balancing demand for systems improvements is an increasing challenge as "technology eats capital." But he's excited by the potential for small wins to build toward bigger achievements.
In 2020, Resimac partnered with Infosys to move its core banking system to the cloud-based Finacle platform. This aimed to boost integration and digital application capabilities.
Tough conditions stem partly from RBA policies that aided banks during COVID, resulting in extreme price competition that boosted bank market share vs non-banks like Resimac.
But product diversification provided a buffer for Resimac against lower mortgage lending.
The lender reported a 25% drop in FY23 profit to A$73.7M. But it remains focused on using automation and AI to digitize operations over the next two years to drive efficiency despite difficult conditions.
SymphonyAI Introduces AI-Powered Financial Crime Investigation Platform
SymphonyAI has launched Sensa Investigation Hub, an AI-powered case management platform for financial crime investigation in Asia Pacific. It is the first solution to use predictive and generative AI to transform critical processes in financial crime detection.
The cloud-based SaaS platform aims to increase investigator productivity by up to 70%. It combines an entity-centric view of risk with generative AI that can source, summarize and analyze data at scale. The AI surfaces results in easy-to-understand natural language.
Sensa Investigation Hub works with existing crime detection systems, providing a unified view of risk. The detection-agnostic platform reduces complexity by consolidating the compliance tech stack into a single solution. It manages financial crime risks across business units and asset classes.
Key features include:
Generative AI to accelerate investigations and analysis
Flexible data ingestion to augment current solutions
Enterprise-wide risk management from a single platform
Entity-centric investigation connecting all risk clues
Auditability for transparency and compliance
The platform addresses a huge global problem. Financial crime costs $1.6 trillion per year globally according to the UN. Regulators like Singapore's MAS are pushing increased AI adoption to combat money laundering.
SymphonyAI aims to disrupt compliance technology in APAC with cutting-edge AI. The integrated solution reduces investigation time and cost while boosting efficiency.
SymphonyAI will showcase Sensa Investigation Hub at Singapore's FinTech Festival this week. The event highlights the region's growing prominence in global finance. APAC's central role is set to expand over the next decade.
As financial systems integrate, criminals grow more sophisticated. AI and automation are crucial to overcome the challenges. SymphonyAI's predictive, generative AI brings new power to detect and prevent financial crime.
Sensa Investigation Hub demonstrates the company's bold innovation in compliance AI SaaS. It combines breakthrough AI with domain expertise for a revolutionary investigative platform.
OpenAI Gears Up for GPT-5 Launch
OpenAI is reportedly working on GPT-5, the next iteration of its powerful language model. Though no timeline is confirmed, clues suggest a release in mid-to-late 2025.
GPT-5 will likely have more training data, including from the internet and private companies. It may have new capabilities beyond GPT-4, but OpenAI CEO Sam Altman said it's hard to predict exactly what those will be.
Previous comments indicate GPT-5 will incorporate video, unlike the text-only GPT-4. This could significantly expand its knowledge. OpenAI is also trying to poach Google AI talent with massive salary packages, showing how high the stakes are.
Smaller high-quality datasets have been shown to train models as effectively as far larger lower-quality data. So GPT-5 may not need a much bigger parameter count to be vastly more capable. New training approaches that reward reasoning steps rather than just correct answers have already doubled GPT-4's abilities.
Estimates suggest GPT-5 could score 99% in benchmarks, nearing AGI territory. But basic common sense still eludes today's models. Closing this reasoning gap is key for robust performance. Emergent capabilities also remain unpredictable - abilities can spontaneously arise when model size is increased.
Despite great progress, the inner workings of large language models remain largely opaque. Their reasoning processes are often mystifying and inhuman. This brings risks if their full capabilities are not well understood.
In summary, GPT-5 will likely take machine learning to new heights in the next couple years. But work is still needed to improve reasoning, transparency and control before these models can be deployed safely. OpenAI faces challenges in ensuring its aspirations for AI safety are met in practice.
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