Harnessing the power of GPT-4

In the rapidly evolving world of technology, it can be difficult to keep up with the latest developments. This is especially true in the field of generative AI, where breakthroughs seem to happen every day. 

In March 2023, OpenAI released GPT-4, the newest and most powerful generation of the GPT language model family which runs the premium version of ChatGPT and boasts an impressive range of new and improved features. 

We pride ourselves on being early at the party when it comes to new technologies, so we've updated our whitepaper, first published in February, with new insights on the latest GPT-4 version which is even more powerful and reliable than its predecessors. Read on to learn more about the latest developments in conversational AI and how they're shaping the future of the insurance industry. 

How does the new generation of GPT change the game?

With the release of GPT-4, the world of generative AI has taken another leap forward. This latest release introduces new and improved features that expand its capabilities, such as 

• multi-modal: processes both text and images. Besides text and language understanding, GPT-4 can also interpret images, providing the insurance industry with new use cases, such as identifying damages from photos while processing insurance claims.
• ability to handle longer text: GPT-4 can process much longer text simultaneously (up to 50 pages), making it ideal for text classification, generating larger pieces of text or summarizing longer documents.
• improved capabilities and reliability: GPT-4 improved substantially in many aspects, including factual correctness and reasoning, and exceeds average human-level performance on several professional benchmarks.