ChatGPT is still in the early stages of proving its industrial value: Report

ChatGPT is still in the early stages of proving its industrial value: Report

The chatbot, which converses with users, has demonstrated its ability to write poems, essays and research papers, program computers and even take master’s level exams.

Generative AI describes artificial intelligence algorithms that can be used to create new content, including text, images, videos, audio, code, and synthetic data.

The excitement surrounding ChatGPT shows that the hype for generative AI is at its peak, and it’s being sold to investors as the next big thing in tech.

Over the past couple of years, the tech world has seen several rounds of hype around a number of things, including the metaverse, NFTs (non-fungible tokens), blockchain, and cryptocurrencies. And just as there is a slowdown in Silicon Valley that has led to massive layoffs from tech giants like Microsoft and Google, the buzz around ChatGPT quickly caught global attention, according to The Bhutan Live.

On Jan. 18, Microsoft announced that it plans to cut 10,000 jobs due to weaker software demand as a result of the weakened economy. This affected up to five percent of Microsoft’s global workforce.

Microsoft announced a few days later that it was making a “multi-year, multi-million dollar” investment in OpenAI, without disclosing a specific figure. But several media outlets quoted a person familiar with the matter as saying the investment totaled ten billion dollars.

The worldwide popularity of ChatGPT gave the tech giants a new spotlight to capture the public’s attention.

According to The Bhutan Live, generative AI actually has much more value in the real economy, basic scientific research and the digital economy than in the Internet sector.

A little more than a week after Microsoft unveiled its new Bing search engine based on the technology behind the ChatGPT AI chatbot, The Wall Street Journal reported that early testers were crying out for errors and confusing responses from the technology.

Microsoft said the search engine is still a work in progress, describing the past week as a learning experience to help it test and improve the new Bing. So far only certain people have been given access to it. The company said in a blog post late Wednesday that the Bing update “is not a replacement for a search engine, but a tool to understand and better understand the world.”


Source: ANI

Source: The Nordic Page

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