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As fears abound that jobs will be replaced by artificial intelligence, a Bangalore-based company has offered to refund employees who signed up for ChatGPT Plus. Vashistha Iyer, Capitalmind's chief operating officer, tweeted on Wednesday that the chatbot had increased overall productivity by nearly five times. He also added that all employees can now perform complex analytics via "no code" ChatGPT. Iyer wrote: “This week we offered to refund everyone at capitalmind_in for ChatGPT Plus subscriptions. It's already a 5x productivity booster at all levels. Going from intuition to complex analysis, which would otherwise be impossible without code, is now accessible to everyone. Iyer also predicted that junior analyst positions at innovative companies would soon shrink. Beginners in the field must take advantage of AI to hone their skills and overcome mediocrity, he continued.
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"Newcomers will have to learn to harness AI and build expertise in their fields. There will be no room for mediocrity," wrote the CEO of investment research and money management startup heritage.
Responding to a question about the uncertainty of CEO roles in a company, Iyer responded that current roles will continue to evolve and the only way forward is to refine them with the help of AI.
OpenAI ChatGPT Plus users, who have to pay $20 per month, can enjoy premium features like GPT-4, faster response time, priority access, and more. The Microsoft-backed tool was launched in India this month. ChatGPT, which previously used content that previously entered the system, can now access the Internet, increasing its power.
Meanwhile, Microsoft is introducing new chat tools that can help cybersecurity teams prevent attacks and clean up after an attack. The latest of Microsoft's AI support tools, Copilots, uses OpenAI's new GPT-4 language system and security domain-specific data, the company announced Tuesday.
