ChatGPT has entered its Terrible Twos | Business Insider Africa
It has been two years since OpenAI introduced its flagship chatbot, ChatGPT, and the world has witnessed significant changes during this time.
Impact on Generative AI
ChatGPT has played a pivotal role in driving the global investment in generative AI. Funding in this space witnessed a fivefold increase from 2022 to 2023, according to CB Insights. Major tech companies on the S&P 500 have experienced a 30% surge since January 2022, outperforming small-cap companies significantly, as reported by Bloomberg.
Consulting Firms and AI
Consulting firms are seeing a rise in the revenue contribution from AI services. Companies like Boston Consulting Group and McKinsey are actively engaged in providing generative AI advisory services to clients.
Empowering Small Developers
Despite the dominance of larger corporations, young developers remain hopeful that ChatGPT will democratize AI innovation, creating a level playing field in the industry.
Impact on Users
ChatGPT has significantly impacted regular users, reaching over 200 million weekly active users in August. The introduction of a new search feature has posed a notable challenge to Google's market dominance.
Future Developments
In September, OpenAI revealed o1, a series of AI models focused on enhancing response time. ChatGPT Plus and Team users can currently access these models, with hopes for a public release in the near future.
ChatGPT's Perspective on Age
When asked about its perception of age, ChatGPT emphasized that age does not define an individual's capabilities but simply marks the passage of time.
