This article is about the buzz around ChatGPT, a recently released conversational AI model, and Generative AI technology. Both of these fields have been revolutionizing the way we do business and are expected to continue to be a large part of the landscape in 2023. Generative AI is a type of artificial intelligence that can create content from basic prompts, and ChatGPT was the first of its kind to achieve 1 million users in five days. But what is Generative AI and how valid is the popularity of ChatGPT? Read on to learn more about generative AI, who are the key players, if ChatGPT is ready for prime time, and how this technology can be used to alter the way we do business.
Generative AI is a type of artificial intelligence featuring algorithms that “learn” and understand patterns in data. This allows them to then create content and other outputs. These algorithms require labeled pictures, text, or other data to start, and they are often fine-tuned by humans as they evolve. This technology is relatively new, and in 2022, generative AI accounted for less than 1% of all US venture capital (VC) funding. However, a large number of startups as well as funds dedicated to generative AI are indicative of how much potential this field has.
ChatGPT, released by OpenAI, was the first of its kind to become widely popular, gaining 1 million users in just five days. While the model is notably impressive, Sam Altman, OpenAI’s CEO, tweeted a warning against relying on it too heavily. Despite this, generative AI is already having an effect on many industries, specifically those that involve designing and creating content. Copywriters, designers, and coders now have access to generative AI tools that ease their workflow, although it is expected that there will be some backlash against accuracy, fairness, and plagiarism.
This technology marks the start of a communications revolution, making the process of creating and testing content much easier. For even more information on ChatGPT and Generative AI, readers can purchase a full report with a discount code of CHATGPT100.
OpenAI is the best-known generative AI company, however it is far from the only one. Many other startups have received financial backing, many of which have developed groundbreaking models that are making great strides in this field. The Person behind OpenAI is Sam Altman, who is a technology investor, entrepreneur, and president of Y Combinator. He has been remembered for his hugely popular tweet warning against the “hype” surrounding ChatGPT. With the release of ChatGPT and more startups attempting to take part in the revolution, it looks like generative AI is here to stay.
