🤖 AI Beats Human Analysts at Earnings Forecast 📈 GPT-4's Stunning Accuracy

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The AI Reverie 

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Tuesday 28th of May
Today we’ll cover

• TOGETHER WITH AE STUDIO

• 🎨 Canva Unveils a Suite of AI-Powered Tools to Boost Productivity

• 🔮 GPT-4 Beats Analysts at Earnings Forecast

TOGETHER WITH AE STUDIO

85% of all AI Projects Fail, but AE Studio Delivers

If you have a big idea and think AI should be part of it, meet AE.

We’re a development, data science and design studio working with founders and execs on custom software solutions. We turn AI/ML ideas into realities–from chatbots to NLP and more.

Tell us about your visionary concept or work challenge and we’ll make it real. The secret to our success is treating your project as if it were our own startup.

Talk to Us Now

CANVA AI
🎨 Canva Unveils a Suite of AI-Powered Tools to Boost Productivity

New features aim to streamline design processes and enhance collaboration for teams.

The Reverie

Canva has launched a comprehensive set of AI-driven features designed to enhance productivity and creativity for users.

These new tools, introduced at Canva Create 2024, include advanced video editing capabilities, customizable workspaces, and a range of tailored resources for various departments.

The updates mark a significant step in Canva's evolution into a more robust platform for content creation and collaboration.

The Details

• Canva's new features include Magic Studio, which offers AI-powered tools like text-to-graphic generation, improved design technology, and advanced editing capabilities.

• The introduction of Canva Work Kits provides industry-specific templates and resources for departments such as Marketing, HR, Sales, and Creative, all customizable with Canva’s Brand Kit.

• Canva Enterprise offers scalable growth, advanced brand controls, and robust security features, making it suitable for large organizations.

Why Should You Care?

The launch of these AI-powered tools by Canva is a significant development in the realm of design and productivity software.

By integrating advanced AI capabilities, Canva is not only simplifying the design process but also enhancing collaboration and efficiency for teams.

These updates reflect broader trends in AI-driven tools aimed at improving workplace productivity and creativity, making Canva a more versatile and powerful platform for users across various industries. Source

Recommended reading
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Agent. AI
Written by Dharmesh Shah. Dharmesh Shah is co-founder and CTO of HubSpot, and writes in-depth, technical (data-science background) insights in how AI works. This is a great supplement to The AI Reverie:

AI Minds Newsletter
“Navigating the Intersection of Human Minds and AI”. This newsletters dives deeper into usecases, and features research papers and tools that help you become smarter about AI. Highly recommended reading.

AI IN FINANCE
🔮 GPT-4 Beats Analysts at Earnings Forecast

AI Model Outperforms Human Analysts in Financial Predictions, Study Finds

The Reverie

A recent study by the University of Chicago reveals that OpenAI's GPT-4 large language model (LLM) surpasses human analysts in predicting corporate earnings.

The research highlights GPT-4's ability to analyze financial statements with remarkable accuracy, potentially transforming the field of financial analysis.

The Details

• GPT-4 achieved a prediction accuracy of 60.35%, higher than the 52.71% accuracy of human analysts.

• The study utilized data from the Compustat database and compared GPT-4's performance with human analysts' predictions from the IBES database.

• Researchers used "chain-of-thought" prompts to guide GPT-4's analysis, mimicking the reasoning process of human analysts.

Why Should You Care?

This development signifies a major leap in AI capabilities, showcasing how LLMs like GPT-4 can enhance and potentially revolutionize financial analysis.

The ability to predict earnings with higher accuracy could lead to more informed decision-making in finance, reducing risks and improving investment strategies. Source

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