11/30/2023, 7:24 PM (Source: TeleTrader)
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ChatGPT: A year into the generative AI revolution

On November 30, 2022, OpenAI made the free version of the AI language model, ChatGPT 3.5, available to the public. The event started a new revolution in AI and contributed to the galvanization of the technology market.

After 12 months of the chatbot's successful launch, tech titans have increased their market capitalization by 36%, totaling more than $2.4 trillion, driven by generative AI, ChatGPT's underlying technology. But beyond that, the implications have reached education, culture, medicine, law, and many other fields, creating a new way of understanding the world.

Google joined the furor by creating Bard in March, Meta did the same with LlaMA, and other companies such as Amazon and Nvidia have also benefited from the boom. However, Microsoft has led the revolution and repeatedly reaffirmed its long-term commitment to OpenAI, in which it is investing $10 billion.

Despite the latter, it hasn't been all uphill. On March 29, Elon Musk and 1,000 other tech leaders, entrepreneurs, and professors signed a petition calling for a break in the development of generative AI. The lack of regulatory frameworks parallel to its accelerated growth has increased awareness of security, data protection, and human rights issues. In response to this concern, on September 13, the US Senate held the inaugural bipartisan AI Insight Forum, with the participation of Musk, Sam Altman, Satya Nadella, Sundar Pichai, and many other industry bigwigs.

The challenges for ChatGPT are significant in the long term. However, the most recent crisis at the top of OpenAI has underscored a crucial choice that appears essential for generative AI—between a slower, security-focused growth model and a faster, more commercial one. Which one will prevail? That is something only the future can tell.

Baha Breaking News (BBN) / JG