Visionary Education Technology Holdings Group Inc
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Consumer Discretionary : Diversified Consumer Services | Small Cap Growth
Based in Canada
Company profile

Visionary Education Technology Holdings Group Inc is a provider of education and related services to its customers across the globe. The Company is a licensed provider of private online and in-person educational programs and services in Canada, serving both Canadian and international students who reside in Canada and internationally. The Company also provides educational services that include immigration and study visa services, student housing, career guidance, internship, and entrepreneurship guidance. The Company delivers its educational programs and services across Canada, such as traditional campus settings for high school, vocational and college programs, online courses for high school and college programs, and Partnerships with public universities in which students attend one of its college’s two-year programs and then attend a public university for the next two years to obtain a bachelor’s degree, which is referred to as 2+2 programs, vocational training programs, and courses.


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OpenAI launches 'safer' AI, GPT-4; Morgan Stanley one of its first customers

8:24 am ET March 15, 2023 (MarketWatch)

By Wallace Witkowski

Artificial-intelligence research company OpenAI launched a new AI model, GPT-4, Tuesday, and investment firm Morgan Stanley will be one of its first users to assist financial advisers.

Among other things, GPT-4 surpasses its widely known ChatGPT app and provides "safer, more useful responses," using human feedback, including from users, to improve the AI's behavior.

"We spent six months making GPT-4 safer and more aligned," OpenAI said on its website. "GPT-4 is 82% less likely to respond to requests for disallowed content and 40% more likely to produce factual responses than GPT-3.5 on our internal evaluations."

Back in January, privately held OpenAI was valued at around $29 billion and was reportedly looking to sell at least $300 million in shares.

Coinciding with Tuesday's launch, Morgan Stanley (MS) announced it is "currently the only strategic client in wealth management receiving early access to OpenAI's new products," and "one of a handful of GPT-4 launch organizations."

Morgan Stanley said its wealth management unit will use GPT-4 "to access, process and synthesize content to assimilate MSWM's own expansive range of intellectual capital in the form of insights into companies, sectors, asset classes, capital markets and regions around the world."

"Designed specifically for and by Morgan Stanley with appropriate controls, financial advisers and their teams will use the internal capability to ask questions and contemplate large amounts of content and data, with answers delivered in an easily digestible format generated exclusively from MSWM content and with links to the source documents," Morgan Stanley said, stressing that "trust-based relationships and human advice will always be valued."

Recently, Microsoft Corp. (MSFT), a major investor in OpenAI, almost stole the show during Nvidia Corp(NVDA) earnings with the popularity of OpenAI's ChatGPT model. OpenAI said that GPT-4 was trained on Microsoft's Azure AI supercomputers.

Other major names adopting GPT-4 include Duolingo Inc. (DUOL), mobile payments company Stripe and the government of Iceland.

Nvidia, a major supplier of graphic processing units used to run cloud servers and artificial-intelligence models, said earlier in the month that AI will ultimately save companies more money.

Also on Tuesday, CFRA analyst Kenneth Leon upgraded both Morgan Stanley and Goldman Sachs Group (GS) to strong buy ratings because the "exposure to unrealized losses on assets held to maturity is immaterial" at both firms.

-Wallace Witkowski


This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.


(END) Dow Jones Newswires

March 15, 2023 08:24 ET (12:24 GMT)

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