OpenAI's GPT-4 could pass the Bar Exam. Plus, I asked ChatGPT for multi-million dollar business ideas.
In this issue:
AI is getting really close to passing the bar exam.
ChatGPT gives me 5 pretty good multi-million dollar business ideas.
Create your own children stories using AI.
2 INTERESTING STORIES ABOUT AI:
AI researchers say that GPT-4 could pass the Bar Exam.
After seeing results from GPT-3.5 taking the bar exam (spoiler: not great, not terrible), researches now believe that the upcoming GPT-4 could actually pass the exam.
The 🥩 of it:
OpenAI's GPT-3.5 model was tested on the Multistate Bar Examination (MBE), which is a part of the US Bar Exam.
The MBE tests legal knowledge and reading comprehension through about 200 multiple choice questions.
GPT-3.5 was able to correctly answer questions on the MBE using various prompts, with the most successful prompt being one that asked the model to rank the top 3 answers.
But don’t get too excited. On average, GPT-3.5 performed 17% worse than human participants on the MBE.
Ha! Stupid AI.
The model performed better in some categories (Evidence and Torts) than in others (Criminal Law).
The authors of this research article believe that GPT-4 and LAION's Bloom family of models could pass all categories of the MBE within the next 18 months.
The researchers plan to test the essay (MEE) and situational performance (MPT) sections of the Bar Exam in future research.
We’re not just seeing this tested in the courtrooms though…
Google Brain recently demonstrated a version of the PaLM large language model that can answer layperson questions on medical topics just as well as human experts.
The PaLM model was optimized with medical data and significantly outperformed the native PaLM language model.
It’s hard to imagine a scenario where AI is being used in a courtroom, but I hope to never be cross examined by an AI robot.
I asked ChatGPT to give me 5 multi-million dollar business ideas, and they’re pretty good.
Out of ideas? Let ChatGPT help. Here are 5 of its ideas for companies that could be worth millions of dollars. See, being a multi-millionaire is super easy!
Virtual Event Platform: With the rise of remote work and the shift to virtual events due to the COVID-19 pandemic, there is a growing demand for a comprehensive virtual event platform that can host a variety of events, such as conferences, trade shows, and networking events. This platform could offer features like virtual booths, live streaming, networking tools, and on-demand content.
It kind of sounds like what it’s suggesting is Hopin, but with additional features.
On-Demand Home Cleaning and Organizing Service: With the busy schedules of many people, there is a demand for home cleaning and organizing services that can be scheduled on an as-needed basis. A business that offers this type of service could be successful, particularly in urban areas where people may not have the time or energy to keep up with these tasks on their own.
I’ve thought of this idea 1,000 times. It’s Uber for chores. We recently cancelled our weekly home cleaning, but still wish that we could schedule someone to come sweep, mop, or handle some dirty dishes on-demand.
Virtual Fitness and Wellness Platform: With the COVID-19 pandemic leading to the closure of many gyms and fitness studios, there has been a shift towards virtual fitness and wellness options. A platform that offers a variety of online fitness classes, wellness programs, and personal training sessions could be successful.
Not really a unique idea, as I’m pretty sure we’ve seen this market blooming already. In fact, even pre-COVID I had a virtual fitness and wellness coach that came with a great app for scheduling workouts and tracking progress.
Subscription-Based Outdoor Adventure and Experience Package: For people looking to get outside and try new things, a subscription-based outdoor adventure and experience package could be successful. This business could offer a range of activities, such as hiking, rock climbing, kayaking, and more, and could provide all the necessary equipment and guides.
I can’t wait to receive a Kayak in the mailbox.
Virtual Personal Shopping and Styling Service: With the rise of e-commerce, many people are turning to online shopping for their fashion needs. A virtual personal shopping and styling service that offers personalized recommendations and style advice to customers could be successful, particularly for those who don't have the time or inclination to shop in-store.
I love this idea the most, and would use it immediately. If I could input all my body measurements and upload some Pinterest boards to have an AI put items in a cart for me to review…I would never visit another mall again.
3 rad things
Use AI to create children’s stories.
AI-powered digital ad creator.
A short film made entirely by AI.
1 LOL
About to get rich