
What Generative AI Means for Investors with Adam Butler
Excess Returns
The Power and Constraints of GPT-4 in Providing Disclaimers
This chapter explores the interesting ability of chat GPT-4 to include cautionary responses and disclaimers. It delves into the training and reinforcement learning processes used to align the model's responses with human preferences and the constraints placed on the model to prevent it from giving explicit advice in certain domains. The chapter also discusses the potential impact of generative AI on various professions and the productivity boost achieved from using the chat interface with the model.
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