Shankar discusses the newly released ChatGPT-4, highlighting its advancements and applications in various industries. He mentions how ChatGPT-4 can now analyze and describe images, which has powerful implications in medicine, such as assisting radiologists with breast cancer screenings. Shankar also covers the potential impact of ChatGPT-4 on web development and design, stressing the importance of pivoting and adapting to new technology to stay relevant in the market. He emphasizes the importance of erasing preconceived assumptions about AI capabilities and encourages listeners to explore the technology to enhance their businesses.