OpenAI’s GPT-4 model, described as “mildly embarrassing at best,” surpasses professional analysts and advanced AI models in forecasting future earnings trends
Unsurprisingly, AI might be on the precipice of claiming jobs again. This time, from financial analysts.
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Generative AIis quickly gaining traction worldwide. Microsoft’s latest Work Trend Index report indicates that top executives won’t hire anyone without an AI aptitude, prompting “a 142x increase in LinkedIn members adding AI skills like Copilot and ChatGPT to their profiles.”
Likewise, Elon Musk admits that we’reon the verge of the biggest technology revolution with AI, but we risktechnology taking over our jobsand eventually ending humanity. Whilethere’s a 99.9% chancethe latter will happen according to p(doom), it remains unclear if the technology will claim our jobs.
Microsoft’s Work Trend Index reportfurther indicates AI is creating more job opportunities than losses, with company leads expressing concern over insufficient talent to fill vacancies. And now, according to anew study, OpenAI’s GPT-4 model seemingly outperformed professional financial analysts in predicting future earning trends (viaThe Rundown AI).
While we’ll not delve into the intricate details of the study, the researchers provided the AI model with standard anonymized statements and prompted it to assume an analyst’s persona to process important financial information from the statements.
Aside from outperforming professional financial analysts, GPT-4 boasted better analytical capabilities than other state-of-the-art models specifically trained to handle and predict future earning projections.
According to the study, the superior analytical capabilities stemmed from GPT-4’s reasoning capabilities and an in-depth analysis of economic trends and ratios. It’s worth noting that GPT-4 didn’t have access to qualitative data during the study but still registered incredible results.
The study aligns with Elon Musk’s prediction, which paints a picture of ajob-free future. Musk says AI will provide all the services and goods we might need, turning work into an ‘optional’ hobby. “If you want to do a job that’s kind of like a hobby, you can do a job,” added the billionaire.
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Musk isn’t the only one who thinks AI will potentially render some careers obsolete in the not-so-distant future. NVIDIA CEO Jensen Huang indicated thatcoding might not be a viable career option for the next generationand recommended biology, education, manufacturing, or farming as better alternatives.
Some professions, especially architectural jobs, are potentially on the verge of becoming redundant. Even though AI-powered tools likeImage Creator from Designer (Bing Image Creator) have been lobotomized, they are certainly good enough torender graphic designers and architects redundant. Interestingly, Copilot, ChatGPT, and Midjourney can’tgenerate a simple, plain white image.
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Kevin Okemwa is a seasoned tech journalist based in Nairobi, Kenya with lots of experience covering the latest trends and developments in the industry at Windows Central. With a passion for innovation and a keen eye for detail, he has written for leading publications such as OnMSFT, MakeUseOf, and Windows Report, providing insightful analysis and breaking news on everything revolving around the Microsoft ecosystem. You’ll also catch him occasionally contributing at iMore about Apple and AI. While AFK and not busy following the ever-emerging trends in tech, you can find him exploring the world or listening to music.
