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Bengaluru firm to fund employees' ChatGPT Plus subscriptions. Here's why
Bengaluru-based investing firm Capitalmind CEO said that ChatGPT helped boost productivity by five times.
While fears abound over artificial intelligence replacing jobs, a Bengaluru-based company has offered to reimburse employees who have signed up for a ChatGPT Plus subscription. Vashistha Iyer, chief operating officer at Capitalmind, tweeted on Wednesday that the chatbot had increased the overall productivity by nearly five times. He also added that all employees could now perform complex analyses through ChatGPT ‘without code’.
Iyer wrote, “This week, we offered to reimburse everyone at capitalmind_in for ChatGPT Plus subscriptions. It’s already a 5x productivity booster across the board. Going from a hunch to a complex analysis otherwise impossible without code is now accessible to everyone.”
Iyer also predicted that junior analyst positions would soon be discontinued in innovative companies. Newbies in the field should tap AI to hone their skills and rise above mediocrity, he continued.
“Newcomers will have to learn to leverage AI and build expertise in their fields. There will be no room for mediocrity,” wrote the investment research and wealth management startup CEO.
Responding to a question on the uncertainty of ceo roles in a company, Iyer replied that the current positions will keep evolving and the only way forward is to upskill with the help of AI.
OpenAI’s ChatGPT Plus users, who have to pay $20 per month, can avail premium features like GPT-4, quicker response time, priority access and more. The Microsoft-backed tool was launched in India this month.ChatGPT, which was earlier using previously-fed content in the system, can now access the internet, increasing its power.
Meanwhile, Microsoft is introducing new chat tools that can help cybersecurity teams ward off hacks and clean up after an attack. The latest of Microsoft’s AI assistant tools — Copilots— uses OpenAI’s new GPT-4 language system and data specific to the security field, the company said Tuesday.
