šŸ˜ŗ GPT-4 vs. Data analysts

PLUS: How to use GPT-4 and NOT pay $20/month!
March 29, 2024

šŸ˜ŗ GPT-4 vs. Data analysts

PLUS: How to use GPT-4 and NOT pay $20/month!
March 29, 2024
In Partnership with

Welcome, humans.

creds to @sourlikealime on Reddit for todayā€™s cold open:

ā€œAn AI walks into a bar. The bartender asks, ā€˜What can I get you?ā€™

The AI replies, ā€˜I'll have what everyone else is having.ā€™

The bartender says, ā€˜So, a little bit of everything then?ā€™

The AI responds, ā€˜No, just the Wi-Fi password.ā€™ā€

@sourlikealime

Hereā€™s what you need to know about AI today:

  • ChatGPT-4 is good at extracting data and creating visuals, but it hallucinates.
  • Tips on using ChatGPT/Claude without shelling out $20/month.
  • GPTs account for just 1.5% of ChatGPTā€™s total web traffic.
  • We found 22 techniques to enhance your ChatGPT prompts.

AI speeds up data analysis, but you still need humans in the loop.

a framework for using GPT-4 as a data analyst

ā€œis GPT-4 a good data analyst?ā€

Three experts tested this by having GPT-4 AND human data analysts tackle tasks across various datasets, including:

  • Data extraction / manipulation (like pinpointing relevant tables).
  • Data visualization (such as crafting fitting charts and saving them as images).
  • Drawing insights from the data in 5 key bullet points.

The results?

GPT-4 outperformed the intern and junior analysts in most areas but didn't quite catch up to the senior researchers.

Humans naturally had their perks, like being more adept at dodging errors and integrating contextual understanding. But GPT-4ā€™s speed was impressiveā€”it executed tasks 5-10x faster than humans.

Why it matters: AI wonā€™t replace data analysts, but it will expedite parts of analysis, like data pulling / visualization. In turn, data analysts may find themselves spending more time prompting the AI, evaluating its outputs, and connecting insights to business decisions.

Check out our swift Data Analyst GPT tutorial here!

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How to use ChatGPT-4 & Claude 3 without paying $20/month.

Hereā€™s a little-known secret: you can actually use ChatGPT-4 AND Claude 3 without paying $20/month for each.

Just use ChatGPT/Claudeā€™s API instead, which charges you per token (basically, for what you actually use) rather than a flat monthly rate.

reddit

Important point: if you use ChatGPT / Claude A LOT, the API could end up costing you more, so be sure to calculate your expected costs (for ChatGPT and for Claude).

Hereā€™s how it works:

  1. Create an API key on ChatGPT here and one on Claude here.
  2. Then use Pal Chat (itā€™s free) or McKay Wrigleyā€™s Chatbot UI ā†’ plug in your API Key ā†’ and you're off to the races.
  1. Claude 3 Sonnet and Haiku are particularly cheap when it comes to the API:

reddit

Around the Horn.

  • GPTs only draw 1.5% of ChatGPTā€™s entire web traffic, showing people prefer the OG chatbot over customized ones.
  • Cohere is eyeing a $500M fundraising round, which would value it at a whopping $5B.
  • *Get 20% OFF secondary placements in The Neuron by filling out this form.
  • 22 phrases to add to your ChatGPT prompts.
  • AI21 unveiled "Jamba," a new open-source AI model that diverged from the typical transformer-only LLM design.

Intelligent Insights.

  • What I learned from looking at 900 most popular open source AI tools (link).
  • ā€œI think ChatGPT Code Interpreter is massively underratedā€ (link).
  • 8 Google Employees Invented Modern AI. Hereā€™s the Inside Story (link).
  • 6 special reports on the Future of AI from FT (link).
  • AI Could Have a Surprising Effect on Interest Rates (link).
  • The Fight for AI Talent: Pay Million-Dollar Packages and Buy Whole Teams (link).
  • The brain-computer interface race is on, with AI speeding up developments (link).

Friday Faculty.

  1. 7 full-time roles & 1 internship at Hume AI (NYC or remote).
  2. Data Engineer at The Browser Company (Remote).
  3. Communications Lead at Stability AI (London).
  4. Prompt Engineer at Jasper AI (US, Remote).
  5. Backend Engineer, Sora at OpenAI (SF).

See 11,828 other open roles on The Neuronā€™s Job Board!

A Cat's Commentary.

Thatā€™s all for today, for more AI treats, check out our website.

Get your brand in front of 400,000+ professionals here.

See you cool cats on Twitter: @nonmayorpete & @noahedelman02

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