For OpenAI, the past year has been filled with a lot of exciting events. The company has managed to survive an attempted coup in the previous few weeks. During this attempt, the company’s co-founder and CEO, Sam Altman, was fired and then rehired after facing pushback from employees and prominent investors such as Microsoft (MSFT). However, the company has managed to survive the attempted coup. Additionally, that is not even the most fascinating component of the story that is being told.
On the day that is exactly one year ago tomorrow, OpenAI’s ChatGPT, which is powered by generative artificial intelligence, was made available on the internet. Almost immediately, it became one of the applications that experienced the fastest growth in the history of the globe. Furthermore, it ignited an artificial intelligence gold rush that continues to ripple throughout the technology industry and beyond.
Several businesses, such as Google (GOOG, GOOGL) and Microsoft, which is an investor in OpenAI, as well as Amazon (AMZN) and Meta (META), are engaged in fierce competition with one another to establish their very own software platforms that are driven by generative artificial intelligence.
Nvidia, which is the leading AI chip developer in the world, has once again become the most popular semiconductor firm on the planet as a result of the enormous growth that has occurred in the field of artificial intelligence (AI). Through the first half of this year, the stock of Nvidia has surged by more than 200 percent. During this time, both Intel (INTC) and AMD (AMD) have seen their stock prices rise by 67% and 90%, respectively.
“Even though it has only been a year since its initial release, we all understand that ChatGPT was a critical inflection point in the history of artificial intelligence,” said Rishi Bommasani, the societal lead at Stanford’s Center for Research on Foundation Models, in an interview with Yahoo Finance. Bommasani was speaking about the significance of ChatGPT.
However, ChatGPT and generative AI in general have raised concerns around the rights to collect and use data, as well as the risk of producing and disseminating misleading information through the use of images and videos. These concerns have been brought up as a result of the proliferation of generative AI.
According to Daniela Rus, who is the director of the Computer Science and Artificial Intelligence Laboratory (CSAIL) at the Massachusetts Institute of Technology (MIT), “While [generative AI] tools are empowering us in so many different ways, with so many different kinds of superpowers, it is interesting to consider that the same tools can also apply to what supervillains want to do,” she explained. It is therefore vital for us to take into consideration the safeguards that we need to set before the deployment of the instruments to ensure that the usage will be of a high quality at all times.
