The ChatGPT Frenzy.
Investors are pouring money into anything exposed to the burgeoning artificial intelligence sector as Wall Street scrambles to ride the ChatGPT wave.
Microsoft’s $10 billion investment in ChatGPT’s parent company OpenAI has stoked interest, and new investors aren’t limited to chip companies like Nvidia. A number of unknown small-cap bot businesses have seen significant gains, while some Chinese AI stocks have seen increases of 60% in just a few short weeks.
Why The Frenzy?
Those who haven’t been living under a rock have been thinking about ChatGPT, OpenAI’s most recent project, including those mega conglomerates, Google, Microsoft, and Meta.
OpenAI developed the ChatGPT model, which engages in conversational interaction. It can respond to inquiries, acknowledge its mistakes and reject improper requests thanks to the dialogue style it has been taught. You will get detailed responses and the depth of interaction is scary in its “humanness”
One thing is sure: Its genius isn’t in how novel the notion of it is, but in how well-developed and natural it seems. This is true whether people use it to ask amusing questions, test how well it can produce content, or uncover and fix a fault in a program code.
And you have probably seen the AI-generated artwork that has been prominently displayed on Facebook. This can do all of that. And more..
What Can It Do?
Most of us have either used or know about some form of AI “office tool”. Maybe an “AI” writing tool like Ryter. And ChatGPT can do so much more. The below is just a small example of what can be done.
- Write essays for homework or work.
- Compose musical pieces
- Posting on social media
- Using the ChatGPT API to Contest a Parking Fine
- Producing online content
- legislation creation
- identifying and resolving coding errors
- Internet searches (an alternative to Google or Bing)
- AI-generated artwork.
Who is OpenAI?
“OpenAI” conducts AI research and AI applications that will benefit humanity. They aim to ensure that autonomously, artificial general intelligence beats humans in terms of economic performance and helps everyone.
They say they will seek to directly create safe and helpful AGI, but they also claim that if their efforts help others to accomplish this goal, they will consider their purpose accomplished. So they sound to be a very altruistic company or group of people.
Who is Involved
“OpenAI LP is governed by the board of the OpenAI nonprofit, comprised of OpenAI LP employees Greg Brockman (Chairman & President), Ilya Sutskever (Chief Scientist), and Sam Altman (CEO), and non-employees Adam D’Angelo, Reid Hoffman, Will Hurd, Tasha McCauley, Helen Toner, and Shivon Zilis.
Our investors include Microsoft, Reid Hoffman’s charitable foundation, and Khosla Ventures.” Source: OpenAI.
Google and ChatGPT
As seen above, the “OpenAI” owned and Microsoft-supported application has been going ‘gangbusters” recently. And it looks like Google has become a little concerned over the last few weeks.
Some “experts” in the industry have been saying there is a chance that Google as a search engine could be replaced by this functionality in the near future.
So Google’s response is to have a Paris YouTube event that may introduce its new chatbot called “Apprentice Bard” which functions like ChatGPT and allows employees to communicate with and ask questions of the AI in a manner similar to ChatGPT interview.
Read more about ChatGPT and Google’s Response here at; Google versus ChatGPT.
Apprentice Bard AI and Google.
According to reports from CNBC, Google is testing a new chatbot called “Apprentice Bard” that functions like ChatGPT and allows employees to communicate with and ask questions of the AI in a manner similar to ChatGPT interview.
On February 8th ( In 3 days) Google will be holding a YouTube event in Paris ” re-imagining how people search for and interact with information…”
(26) Google presents : Live from Paris – YouTube
This is the link, which in my opinion, maybe the most important “search engine” news for the last few years.
If you buy something after clicking on one of the affiliate links on this website, I might receive a small commission. This makes it easier for me to advise and inform my readers. Utilizing this service frequently results in cost savings. Our complete affiliate disclosure is available here.