**Top AI news of the week and Magic AI tool of the week**

![Magic AI News](../../assets/img/magicai.webp)

Hi AI Enthusiasts,

Happy new Year! 🍀🍀 Welcome to our weekly email newsletter, where we bring you the latest updates on Artificial Intelligence (AI) in an accessible way.

This week's Magic AI tool is a powerful tool for all productivity junkies. Be curious!

## Top AI news of the week

### 📈 OpenBB presented an AI-powered Financial Analyst

OpenBB is developing an AI-powered financial analyst, equipped to handle tasks from knowledge retrieval to fully autonomous analysis. The system's capabilities include answering financial queries using its training data, dynamically retrieving data not present in context, and executing complex workflows involving knowledge and data retrieval.

It aims to evolve into a fully autonomous analyst, generating hypotheses and modifying plans of action while reasoning and discussing topics. OpenBB's goal is to empower the AI-powered financial analyst to perform all these functions autonomously. All these functionalities are implemented on the basis of the OpenBB platform (previously OpenBB SDK).

In the demo, the CEO of OpenBB demonstrates how the current AI-powered financial analyst works. The AI-powered financial analyst solves the individual tasks in an impressive way. Be sure to take a look at the demo. 👇🏽








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**Our thoughts**

Wow, impressive work! In addition to the functionality of the AI-powered financial analyst, the agent architecture is especially interesting. OpenBB created "tools" that the agent understands and can use. In addition, they perform a task decomposition. You can see the architecture in the [YouTube video](https://youtu.be/A-43EKK2PhE){:target="_blank" rel="noopener"} or in the [OpenBB blog article](https://openbb.co/blog/creating-an-ai-powered-financial-analyst){:target="_blank" rel="noopener"}. The [code](https://github.com/OpenBB-finance/openbb-agents){:target="_blank" rel="noopener"} is also open-source, so you can take a look at the Python project.

**More information**

* [Creating an AI-powered financial analyst](https://openbb.co/blog/creating-an-ai-powered-financial-analyst){:target="_blank" rel="noopener"} - OpenBB Blog


### 🤖 OpenAI's GPT Store comes next week

OpenAI is preparing to launch the [GPT Store](https://openai.com/blog/introducing-gpts){:target="_blank" rel="noopener"} next week, allowing users to share, discover, and profit from custom GPT creations, as announced in an [email to developers](https://twitter.com/rowancheung/status/1742967393310368222?s=20){:target="_blank" rel="noopener"}. The GPT Store, originally planned for November, will feature a revenue-sharing model for creators to profit from their custom GPTs based on community usage. A leaderboard will display top GPTs, and OpenAI will highlight standout creations in different categories. Chats remain private, and users can keep GPTs internal.

**Our thoughts**

This could be like an App Store moment for GPTs, just like Apple's App Store for apps! The chance to make money with GPTs opens up a whole new world for creators. We can't wait to see how the store evolves!

**More information**

* [Introducing GPTs](https://openai.com/blog/introducing-gpts){:target="_blank" rel="noopener"} - OpenAI Blog


### 💬 Microsoft Copilot is the best FREE alternative to ChatGPT

Microsoft has quietly developed an impressive alternative and it's 100% free. Microsoft Copilot matches the capabilities of ChatGPT and surpasses them in some areas.

**Here are the best features:**

* **Generating images:** Microsoft Copilot uses DALL E to generate new images based on a text prompt.
* **Video understanding:** Microsoft Copilot can [summarize YouTube videos](https://www.theverge.com/2023/12/8/23994303/microsoft-copilot-ai-edge-video-summary-youtube-transcript){:target="_blank" rel="noopener"} watched in the Edge browser. But it has some limitations.
* **Multi-Modal Capabilities:** It understands prompts by combining text, images, and web data.
* **Music Generation:** Microsoft Copilot can generate music tracks [through a new partnership with Suno AI](/weekly-magic-ai-apples-ai-integrations-microsoft-copilot-spotify-ai-playlists/).
* **Coding:** It has a Code Interpreter. Copilot can handle complex coding, math and data analysis tasks. You can also convert math equations to Python code!
    
**Our thoughts**

In our opinion, this is the BEST free alternative to ChatGPT Plus subscription. Most of the features that come with a cost on ChatGPT are available for free here. We've been using Microsoft Copilot (previously Bing Chat) since May 2023, and we're absolutely loving it! If you have a ChatGPT subscription, take a look at Microsoft Copilot!

**More information**

* [Microsoft’s Edge Copilot AI can’t really summarize every YouTube video](https://www.theverge.com/2023/12/8/23994303/microsoft-copilot-ai-edge-video-summary-youtube-transcript){:target="_blank" rel="noopener"} - The Verge
    
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## Magic AI tool of the week

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Thanks for reading, and see you next time.

\- Tinz Twins

P.S. Have a nice weekend! 😉😉