Hello and welcome to the Automated, your AI tour guide.

Google has added new restrictions to make sure that Gemini doesn’t provide any inaccurate information about the upcoming elections!

Here’s what we have for you today:

• 🚫 Google takes action against election misinformation!

• 👊 Elon Musk takes another swing at OpenAI!

•  🤑 Top 10 game-changing use cases of AI in Finance.

• 📲 How to leverage AI for your next campaign.

• 🤖 ChatGPT Prompt Of The Day: Identify risk management strategies

🚫 Google Takes Action Against Election Misinformation!

Google is not taking any chances with election misinformation, especially not after the mini-scandal that happened when its Gemini chatbot basically called India’s Prime minister, Narendra Modi, a fascist.

So, they have some new restrictions in place!

If you ask Gemini any questions about political parties, candidates, or politicians, it now shows a message saying:

However, even with the restrictions, Gemini still gave answers to some queries with typos when it wasn’t supposed to, but hey, at least they’re trying, right?

The update is already live in the U.S. and has begun rolling out in India and all major countries where elections are taking place in the coming months.

The big question is, are these restrictions here to stay, or is it just a temporary fix until the elections are over globally? Well, that's something only Google knows for now.

If you want to know more about this update, make sure to read the full story here!

How Large Language Model Applications are Built in 2024

One of the best tactics for building applications with LLMs is to use a vector database and RAG - Retrieval Augmented Generation.

This is where you take the user’s input prompt and then search through a vector database for similar text. Then, you take the matching passages (from the vector database) and the user’s prompt and enter that into your LLM (GPT-4, LLaMA, whatever) to generate text output.

Using Retrieval Augmented Generation has huge benefits. It can improve GPT-4 answers by 50%, even on data GPT-4 was trained on. Additionally, companies like Notion also use Retrieval Augmented Generation to personalize answers, so it can do things like question-answering on all your past notes.

Ram Sriharsha is the CTO of Pinecone (one of the most popular vector databases) and he wrote a great blog post about

• How vector databases work

• Why companies like Notion use Pinecone

• How Pinecone built their serverless architecture

And more.

👊 Elon Musk takes another swing at OpenAI!

Ever since Elon Musk sued OpenAI for abandoning its original mission, there has been one drama after another!

Here’s a recap:

Some days after the lawsuit dropped, OpenAI released emails in its defense to show that Musk not only knew but supported the shift to a for-profit structure.

The emails also show that Musk left OpenAI to start his own AI competitor because he couldn’t get complete control of the company or have it merged with Tesla.

(If you’ve not seen these emails, you should definitely check them out here.)

Elon Musk’s response to all this will have you shocked — he told OpenAI to change its name to ClosedAI, and he’ll drop the lawsuit! How savage is that?

But even more savage is his latest announcement that his AI startup xAI would open-source its ChatGPT challenger "Grok" this week!

This means that the public will have free access to experiment with the code behind the technology, unlike OpenAI’s model.

The whole saga has sparked an open vs closed AI model debate, whether AI should be available for everyone to experiment with or it should be left in the hands of a few dominant companies.

What do you think?

🧱 Around The AI Block

• 🤑 Top 10 game-changing use cases of AI in Finance.

• 📲 How to leverage AI for your next campaign.

• 👉 Here’s how to preview Microsoft’s latest AI chatbot for finance.

• 🗣️ OpenAI says there is no “agreement at all” with Elon Musk.

• 🤩 Midjourney is testing a highly requested “consistent characters” feature.

• 🆕 DoorDash’s new AI-powered ‘SafeChat+’ tool automatically detects verbal abuse.

• 🤖 OpenAI reveals new details about ChatGPT 5 development and its future business structure.

🛠️ Trending Tools

• Vital: Your personal mindfulness coach who creates custom-guided meditations tailored to you.

• Graphy HQ: Analyze chart and graph data with the support of AI.

• PromptFolder: Create, save, and explore innovative prompts with features like variables, organization, and sharing.

• Accountabilabuddy: Sends simple text reminders to help you stay on track and achieve your objectives.

• Hypergro: Ultimate destination for short video creation and management.

🤖 ChatGPT Prompt Of The Day: Identify risk management strategies

Effective risk management strategies help you to minimize potential losses, whether they are financial, operational, reputational, or related to other aspects of your goals.

By identifying and addressing risks early on, you can reduce the severity of negative consequences.

Here’s a ChatGPT prompt that‘ll help with that.

Please provide some recommended risk management strategies for our trading portfolio and suggestions on how to mitigate risk and protect against potential losses, all based on the following information: <provide types of instruments in your trading portfolio and your risk tolerance levels, plus specific areas of concern or particular risks that you would like ChatGPT to address in the recommendations>.

 Source

We've Compiled a List of Over 100 ChatGPT Power Prompts.

This should help streamline your interactions with ChatGPT and get the results you need more efficiently.

Best of all, It's free! Click here to get it now.

That's all we've got for you today.

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