ChatGPT beats 200 Wharton MBAs

Read time: 2.5 minutes

Welcome back, superhuman

It’s a battle of the old vs the new today as ChatGPT beats 200 Wharton MBAs on a creativity test. And a new report shows a big generational divide in the adoption of generative AI tools.

TODAY’S MENU

• The Big Story: ChatGPT beats 200 MBAs on creativity test

• Insight: The AI Generational Divide

• 5 AI tools to supercharge your productivity

• Funding Roundup: Over $200m in funding announcements

• Tutorial: Design any visual using ChatGPT

• AI-Generated Image: Spiral Town

TODAY IN AI & TECH

• Sweet 15: iPhone 15 to be released later today (Source)

• Or is it? Apple stocks slide after reports of iPhone ban in China (Source)

• Big Brother: IRS deploys AI to catch tax evasion (Source)

• CompetitorGPT: Anthropic releases Claude Pro to compete with paid version of ChatGPT (Source)

• Got Your Back: Microsoft offers legal protection for AI users in copyright cases (Source)

THE BIG STORY

ChatGPT beats 200 Wharton MBAs on creativity test

AI is pretty good at generating ideas. But how good is it? And is it better than humans? University of Pennsylvania professors Christian Terwiesch and Karl Ulrich put these questions to the test in a new study where they compared 200 Wharton MBA students to ChatGPT.

They asked both students and ChatGPT the same question: “generate an idea for a new product or service appealing to college students that could be made available for $50 or less.” and judged the creativity of answers by:

• The quantity of ideas

• The average quality of ideas

• The number of truly exceptional ideas

Here’s what they found:

• The quantity of ideas: Unsurprisingly, ChatGPT produced ideas at a considerably faster rate than humans.

• The average quality of ideas: The average purchase probability of a human-generated idea was 40%, while ChatGPT-generated ideas scored 47%.

• The number of truly exceptional ideas: Of the top 10% of ideas, 88% were generated by ChatGPT, while only 12% were generated by the students.

The study adds one more brick to what is now a growing wall of evidence of generative AI’s remarkable performance on tasks that were previously considered exclusively the domain of humans.

Source

IN PARTNERSHIP WITH COMPOSER

Use AI to trade like a Wall Street Titan

Wall Street legend Jim Simons has generated 66% returns annually for over 30 years. His secret?

Algorithmic trading (and also being a genius at math and coding).

With Composer, you can create algorithmic trading strategies that automatically trade for you (no coding required).

1. Build the strategy using AI and a no-code editor (or use 1000+ community built strategies).

2. Backtest against other stocks & ETFs using professional grade data.

3. Start trading automatically with the click of a button.

Composer’s got big shots on board, with over $1 billion in trading volume and over 1 million trades executed.

Join the Composer community and unlock the power of algorithmic trading

INSIGHT

Salesforce research shows there’s a big generational gap in adoption of AI tools

70% of Gen Z uses AI, out of which 52% use it to make informed decisions. But older generations are much slower to catch up: 88% of Gen X and Baby Boomers are unsure how AI will affect their life.

These numbers are from a new piece of research from Salesforce, which showcases the glaring generational divide between the users and non-users of generative AI.

Key insights from the research:

• 65% of generative AI users are Millennials or Gen Z.

• 68% of non-users are Gen X or Baby Boomers.

• Almost 60% of younger users believe they are on their way to mastering the technology.

• 88% of older generations are unclear how generative AI will impact their life and 40% say they aren’t familiar enough with the technology.

• Of those who use AI, 75% say they are looking to automate tasks at work and use generative AI for work communications.

Source

5 AI Tools to Supercharge Your Productivity

Snackz AI: Leverages the power of AI to provide you with high-quality book summaries.

Mavex: Your personal AI Executive Assistant.

DocuSpeed: Quickly extract key insights, ask content-specific questions, and bypass language barriers with full-text translations. Transform your reading experience and save hours.

Video Translation: Translate your videos into any language with one-click.

myReach: Your personal ChatGPT for docs, PDFs, notes, and articles. Chat with your knowledge, connect your things, and create a 3D visual graph of everything.

Together with Section 

Join Section’s Generative AI Business Strategy Workshop to identify high-impact areas to use AI in your business, and craft a strong recommendation for your plan – all in 2 hours. Enroll here

 sponsored

FUNDING AND ACQUISITIONS

The biggest deals in AI this week

• OpenAI competitor Cohere seeking valuation higher than $2.2 billion. Read more →

• AI startup Imbue tops $1 billion valuation after funding from Nvidia. Read more →

• AI reading coach startup Ello raises $15M to bolster child literacy. Read more →

• QuantHealth brings its AI-informed clinical drug trials to the US with $15M round. Read more →

• Robot software firm Mujin raises $85M. Read more →

• Sam Altman-backed Mentra aims to match neurodivergent jobseekers with ideal jobs. Read more →

• ThetaRay raises $57 million for AI-Driven financial crime detection. Read more →

AI TUTORIAL

How to design any visual using ChatGPT

Install ‘Canva‘ plugin from ChatGPT plugin store. Enable this plugin and try the prompt below:

Create a social media post for instagram for a season end sale on electronics [or any other topic or item]

AI-GENERATED IMAGE

Spiral Town

📈 Feature your product in the world’s biggest AI newsletter

Superhuman is the world’s biggest and fastest-growing AI newsletter with 400,000+ readers working at companies like Apple, Meta, Amazon, Google, Microsoft, and many more. Companies like Masterworks, Brave, SEMRush, and 1Password have featured their products in Superhuman. You can book your ad spots here.  

🧞 Your wish is my command

Reviews of the day

Thanks for reading.

Until next time!

Zain

p.s. if you want to sign up for the Superhuman newsletter or share it with a friend or colleague, you can find us here