πŸͺ„ Weekly Magic AI: Copilot for Finance | Elon Musk against OpenAI | On-Device AI

Top AI news of the week, Magic AI tool of the week, and article of the week

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6 min read

πŸͺ„ Weekly Magic AI: Copilot for Finance | Elon Musk against OpenAI | On-Device AI

Hi AI Enthusiasts,

Welcome to our weekly Magic AI, where we bring you the latest updates on Artificial Intelligence (AI) in an accessible way. This week's Magic AI tool is a time saver! You have to check it out. πŸ˜€


In today's Magic AI:

  • Microsoft launched Copilot for Finance

  • Elon Musk against OpenAI and Microsoft

  • On-Device AI: Chat with MLX

  • Magic AI tool of the week: Reclaim.ai - Master your Time in no Time

  • Article of the week: Tesla's Stock Market data - Mastering Time Resampling with OpenBB and Pandas


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Top AI news of the week

🏦 Microsoft launched Copilot for Finance

Copilot for Finance is the latest addition to the Microsoft 365 ecosystem, designed to transform how finance teams work. The struggle is real for finance departments. 80% of leaders are feeling the pressure to take on more strategic roles. But 62% are stuck doing routine data entry tasks. Copilot for Finance aims to change that.

Imagine conducting a variance analysis in Excel with just a natural language prompt. From summarizing customer account details in Outlook to turning raw data into presentation-ready visuals in Excel. Copilot for Finance should boost efficiency and decision-making. That is not just about automation; it's about enabling finance professionals to focus on strategic insights and decision-making.

Our thoughts

Microsoft is the leader among corporate customers. Tools such as Excel, Outlook, and PowerPoint are ubiquitous. Now, Microsoft is using its strong market position to add AI to all its tools. However, Microsoft must be careful because if the AI features don't work correctly, then Microsoft could lose users.

✍🏽 Do you think Microsoft is introducing AI functions too quickly? Let us know in the comments.

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πŸ‘¨πŸΌβ€βš–οΈ Elon Musk against OpenAI and Microsoft

Elon Musk claims that OpenAI has breached its contract by collaborating with Microsoft and the development of the close-source model GPT-4. He has filed a lawsuit against Sam Altman and OpenAI in San Francisco.

He wants to ensure that OpenAI returns to its founding agreement and develops AGI for the benefit of humanity and not for economic profit.

According to the Financial Times, antitrust authorities in the USA and the EU are looking into the partnership between OpenAI and Microsoft.

Our thoughts

It is irritating that OpenAI does not offer an open-source LLM. Google and Meta have open-source LLMs. Where is the open-source model of the OpenAI?

✍🏽 Let us know your thoughts on this topic in the comments.

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πŸ€” On-Device AI: Chat with MLX

After "Chat with RTX" comes "Chat with MLX"! The on-device AI market is really taking off. On-device AI is also one of the top topics at the Mobile World Congress 2024 in Barcelona. ARM and Qualcomm present their solutions at the congress.

But what is MLX all about? MLX is a machine learning framework by Apple. It is specially designed for Apple Silicon. It is created from machine learning researchers for machine learning researchers. You can train and deploy models locally on your Apple computer. The advantage of on-device AI is that no data needs to be uploaded to a cloud. Based on MLX, a developer has built Chat with MLX. It is available on GitHub.

Our thoughts

MLX could change the AI landscape! Apple has been building hardware and software hand in hand for years. And they're doing it again with MLX for AI. Apple's M3 chips are very powerful and optimized for AI. In addition, MLX is taking advantage of unified memory.

We have found an interesting post on GitHub about this topic. That is a must-read for all AI Enthusiasts. πŸ‘‡πŸ½

More information


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Magic AI tool of the week

πŸͺ„ Reclaim.ai* - Master your Time in no Time

Reclaim.ai is an AI scheduling automation app that uses AI to manage your schedule effectively. Over 30,000 companies (Salesforce, Square, ...) already use this app. The app assists you in finding the best time for your meetings and tasks by analyzing your calendar.

With Reclaim.ai, you can make sure you're using your time efficiently. It also helps increase your productivity and lower your stress levels. Whether you are a busy professional or a student, Reclaim.ai* can help you manage your time better.

Check it out! It's worth it!


Article of the week

πŸ“– Tesla's Stock Market data: Mastering Time Resampling with OpenBB and Pandas - Tinz Twins Hub

In the financial sector, we often deal with time series data that have a DateTimeIndex on a specific time scale, like every day or every hour. Sometimes, it's necessary to aggregate this data based on frequency, such as monthly or quarterly. You might think that a simple groupby could solve this challenge. However, a groupby can only tackle part of the issue. For instance, it doesn't have the capability to understand business quarters.

This is where Pandas' time resampling feature becomes invaluable. In this tutorial, we delve into using this feature to analyze Tesla's stock market data. We'll showcase how to effectively manipulate time series data for insightful analysis.

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Thanks for reading, and see you next time.

- Tinz Twins

P.S. Have a nice weekend! πŸ˜‰πŸ˜‰


* Disclosure: The links are affiliate links, which means we will receive a commission if you purchase through these links. There are no additional costs for you.

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