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Good morning, and welcome to another daily AI Wrap Up! Here's the latest from the world of artificial intelligence - OpenAI establishes its first overseas office in London, ChatGPT is put to work for early retirement plans, and Baidu's Ernie surpasses ChatGPT in some tests .

Let's get started!

• 🇬🇧 OpenAI Branches Out to London

• 💡 Early Retirement, Powered by AI

• 🥇 Baidu's Ernie Takes the Lead in Certain Areas

So grab a cup of coffee and let's dig in!

AI NEWS FLASH

🇬🇧 OpenAI Branches Out to London

OpenAI, the creator of ChatGPT, has chosen London as the location for its first corporate office outside the US.

• The move comes as OpenAI scales up its workforce to transition expensive AI research into a viable business.

• CEO Sam Altman had previously indicated plans for an office in Europe and had considered countries like Poland, France, and the UK.

• Amid a growing competition between the UK and France to become Europe's leading tech hub, Altman met with UK Prime Minister Rishi Sunak and expressed concerns about the European Union's approach to regulating artificial intelligence.

• OpenAI plans to hire for research, engineering, and business positions in London, praising the city for its "world-class talent."

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💡 Early Retirement, Powered by AI

According to Yahoo Finance, AI chatbot ChatGPT can assist with early retirement plans.

• ChatGPT can provide a basic framework for planning, suggesting steps like creating a financial plan, increasing savings, investing wisely, and exploring alternative income streams.

• It can also aid in finding a financial planner, suggesting specific search terms to use on various platforms.

• Furthermore, ChatGPT can suggest ways to generate additional income, assist in writing a compelling home listing, and even help users find cheaper places to live to reduce costs and boost cash flow.

• While AI alone cannot secure early retirement, it can provide useful basic information and help with specific tasks.

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🥇 Baidu's Ernie Takes the Lead in Certain Areas

Baidu, the Chinese search engine giant, claims that its chatbot, Ernie Bot, has outperformed OpenAI's ChatGPT in some tests.

• The latest version, Ernie 3.5, has shown improvements in tasks such as creative writing, Q&A, reasoning, and code generation.

• Tests by the China Science Daily journal revealed that Ernie 3.5 performed better than GPT-3.5-based ChatGPT and GPT-4 in Chinese language tests and "comprehensive ability scores."

• In a test comparing Ernie 3.5 with ChatGPT and GPT-4 on standard admission and qualification exams, Ernie 3.5 outperformed both models in Chinese.

• However, GPT-4 still surpassed Ernie 3.5 in English tests, according to another test by Microsoft.

• The increasing competition in generative AI between China and the United States is evident, with both countries heavily investing in the technology.

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🤖 AI Prompt Tutorial:

Use ChatGPT as Your Companion for Retirement Planning

Retirement planning is a complex process that requires a thorough understanding of various financial and lifestyle factors. With ChatGPT, you can get a helpful start on planning for your retirement, including guidance on financial planning, lifestyle choices, and healthcare considerations.

Try the prompt below:

Prompt: Act as a retirement planning expert. I'm a 45-year-old professional planning to retire at 65. I need guidance on preparing financially for my retirement, including strategies for saving, investment options, and understanding my healthcare needs. Additionally, provide some suggestions for healthy and fulfilling lifestyle choices post-retirement. Your advice should be based on current best practices in retirement planning and wellbeing.

You can customize this prompt based on your specific circumstances and concerns about retirement. For instance, you could ask ChatGPT for advice on transitioning from a full-time job to part-time work or for strategies to deal with the emotional aspects of retirement.

While ChatGPT can provide an excellent starting point for understanding retirement planning, always consult with a certified financial advisor or retirement planning expert for advice tailored to your unique situation.

AI TOOLS & RESOURCES

⚡ 5 AI tools to supercharge your productivity

AI ARTWORK SPOTLIGHT

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