The world of AI chatbots is heating up, with several major players battling it out to create the most advanced and user-friendly assistant. Google unveiled Bard, its own large language model (LLM) chatbot, which is still under development but has already shown great promise. ChatGPT continues its meteoric rise, having been used by millions of people around the world for a variety of tasks, from generating creative content to providing customer service. Anthropic launched Claude, a more privacy-focused chatbot that is still in its early stages of development. And Bing integrated AI into its search engine, making it more conversational and helpful.

So, how do these AI assistants compare? Lets go over some of the key things Capria has learnt about these AI platforms and how Capria leverages them for different purposes because they are all better together.

Bard

Pros:

• Bardcan generate text, translate languages, write different kinds of creative content, making it a valuable tool for a variety of tasks in a VC, such as:
  • Generating creative content: Bard can be used to generate presentations, marketing materials, and other creative content that can help you stand out from the competition.
  • Researching information: Bard can be used to research information on a variety of topics. This can help you to make better decisions and to stay ahead of the competition.

Cons:

• Bard is still in beta, so it may not be as reliable as other chatbots
• Bard’s answers are not always 100% accurate and sometimes can have a mix of information that is both accurate and inaccurate
• Bard’s answer tend to be less sophisticated than ChatGPT or Bing AI and more direct in tone which may not always serve the tone that is wanting to be achieved
• Bard cannot read or create documents or images
• From a data privacy perspective, information fed into the AI will be used to train the model so cannot include confidential information as there are risks for leakages

ChatGPT

ChatGPT is another popular LLM chatbot that has been used by millions of people around the world. It is known for its ability to generate creative content, such as poems, stories, and code. ChatGPT is also able to answer your questions in an informative way, but it is not as good at accessing and processing information from the real world as Bard.

Pros:

• ChatGPT is very good at generating creative content, such as poems, stories, and code. This can be helpful for fund managers in a variety of ways, such as:
  • Generating marketing materials that can help you stand out from the competition.
  • Generating investor pitches that are more persuasive and engaging.
  • Generating product ideas that are more innovative and creative.
• There is access to many beta features and plugins which are both free and paid, making it very versatile in the types of tasks it can perform
• Many useful plugins like PromptPerfect, Wolfram, Link Reader, Image Editor and more

Cons:

• ChatGPT is not as good at accessing and processing information from the real world as Bard or Bing AI. This can be a limitation for fund managers who need to make quick decisions based on up-to-date information.
• The information is only up to September 2021 so accessing more current information is not possible.
• From a data privacy perspective, information fed into the AI will be used to train the model so cannot include confidential information as there are risks for leakages

Claude

Claude is a privacy-focused chatbot that was launched by Anthropic in 2023. It is still in its early stages of development, but it has already shown promise in terms of its ability to provide customer service and answer your questions in an informative way. Claude is designed to be more privacy-conscious than other chatbots, and it does not collect any personal data from its users.

Pros:

• Claude is more privacy-conscious than other chatbots. It does not collect any personal data from its users, which can be important for firms that are concerned about data privacy.
• Claude supports up to 100,000 tokens whereas GPT-4 is at ~8,200 and GPT-3.5 is at ~16,000 making this the winner for summarizing or querying large documents or producing longer responses (for example, longer content drafts)
• Claude is good at providing customer service and answering questions in an informative way. This can be helpful for VCs that need to provide support to their investors and portfolio companies.

Cons:

• Claude is not as powerful as Bard or Bing AI. It cannot generate creative content or access and process information from the world web as well as those chatbots
• Claude cannot generate images like Bing AI
• There is no support for plugins to broaden the scope of tasks achievable
• Claude also has a cutoff of information as of December 2022 but it may know information from early 2023

Bing AI

Bing integrated AI into its search engine in 2023, making it more conversational and helpful. This means that you can now ask Bing questions in natural language, and it will try to provide you with the most relevant information. Bing AI is still under development, but it has already shown promise in terms of its ability to understand and respond to natural language queries.

Pros:

• Bing AI uses a variety of techniques to provide more comprehensive results than traditional search engines. For example, it can understand the context of your search query and provide results from a variety of sources, including websites, images, videos, and news articles.
• Bing AI uses machine learning to learn your preferences and provide more relevant results over time. This means that the more you use Bing AI, the better it will become at understanding what you are looking for and providing you with the most relevant results.
• Bing AI has a number of features that make it a more user-friendly experience than traditional search engines. For example, it can provide summaries of websites and videos, and it can answer your questions in a conversational way. In addition, there are ‘modes’ for Bing AI such as ‘more creative’, ‘more balanced’, and ‘more precise’ which help shape the tone and other aspects of the generated response
• Bing AI is a free service, which makes it a more affordable option than some other search engines – all you need is to download the browser and log in with an Outlook email to get access to the AI service

Cons:

• Bing AI is only available on Bing and being not as widely used as other internet explorers, users must migrate to Microsoft Edge to leverage its AI
• Bing AI can sometimes be slow, especially for complex queries.
• Bing AI is still under development, so it can sometimes be inaccurate. This is especially true for queries that are not well-defined so it is good to double-check the sources that are listed to check their credibility
• Bing AI is not as great at generating code compared to other AI chatbots

So, which AI chatbot is the best?

It depends on your needs. If you are looking for an AI chatbot that can generate creative content, then ChatGPT and Bard are good options. If you are looking for an AI chatbot that can provide customer service and answer your questions in an informative way, then Claude is a good option. And if you are looking for an AI chatbot that can access and process information from the real world, then Bard and Bing AI are both good options.

Ultimately, the best AI chatbot is the one that best meets your needs. So, try out a few different chatbots and see which one you like the best!

How to get the best of these AI chatbots?

When interacting with an AI chatbot, it is important to provide clear and specific prompts in order to get good results. Use keywords and phrases that are easy for the chatbot to understand, such as explicitly stating if you want it to generate a poem or story or have a professional or casual tone. It is also important to give the chatbot background information and context about the topic so that it can respond appropriately. Providing examples of the type of response you want can also help guide the chatbot.

Keep in mind that chatbots are still developing, so you may need to rephrase a prompt or add more context if you don’t get a satisfactory response initially. The key is being patient and working with the chatbot to provide the information it needs to generate a relevant response. With good prompts that contain sufficient context, keywords, and examples, an AI chatbot can produce surprisingly human-like writing.