ChatGPT and Microsoft: A Major Investment in the Future of Artificial Intelligence
Hapi Pills
9.11.2024 1:04 AM
The future we imagined a few decades ago may have been filled with flying cars and robot assistants. Although that utopian vision is quite different from today, the technologies developed in recent years exceed any futuristic dreams.
Today, autonomous vehicles, the metaverse, genetic modification, and artificial intelligence are leading the technological advances. One of the most well-known tools is OpenAI's ChatGPT. Are you familiar with it? In this article, we explain what ChatGPT is and why Microsoft is investing in this technology.
Chatbots: we've all heard of them, right? They’re often terrible and unhelpful. But what if they worked well? What if they could understand and answer everything you asked? That's what ChatGPT aims to achieve!
Simply put, ChatGPT is a computer program that can understand and respond to human language. It uses advanced artificial intelligence (AI) techniques to comprehend what people say and generate appropriate responses. You can imagine it as a super-smart computer you can talk to like a human being. Can you believe it?
This tool can offer psychological assistance, write programming code, create essays, craft creative poems, and more. You can learn or have fun with it too. For example, you can use it like a human encyclopedia by giving commands like: "Explain quantum physics at a basic level," "Write me a poem about sunsets by the sea," "Tell me what’s needed to reduce corruption in Latin America," and much more.
Additionally, you can use prompts to unlock this tool’s full potential. Simply put, prompts are key phrases or words you can use to give special commands to AI platforms like ChatGPT. Here are some of the most interesting roles ChatGPT can play if you give it the right prompt: interviewer, Excel sheet, doctor, motivational coach, financial analyst, and many other roles.
It became extremely popular after launching for free access on November 20, 2022.
In just five days, it reached one million users. To put that into perspective, Netflix took 3.5 years, Airbnb 2.5 years, Facebook 10 months, Spotify 5 months, and Instagram 2.5 months. Even the iPhone took 74 days—almost 15 times longer than ChatGPT—to reach a million users.
This chatbot has quickly captured the attention of novice users, industry experts, and investors, even though it does not yet have a long-standing business model. For now, OpenAI executives expect ChatGPT to generate $1 billion in revenue by 2024.
ChatGPT was developed by OpenAI, an innovation company founded by Sam Altman, Elon Musk, Greg Brockman, Ilya Sutskever, and Wojciech Zaremba.
This organization’s mission is to develop and promote friendly artificial intelligence (AI) in a way that benefits all of humanity. They created ChatGPT to understand and generate human-like language, enabling it to converse, translate, and summarize complex ideas.
Its founder, Altman, is a highly recognized figure in Silicon Valley's startup ecosystem, having been named “Co-President” of Y Combinator, the world’s leading startup incubator.
According to a report by The Semafor, Microsoft plans to invest an additional $10 billion in OpenAI as part of an investment round that could value the company at nearly $29 billion. Other institutional investors might also join this deal.
The aggressive agreement would allow Microsoft (MSFT) to receive 75% of the profits until it recoups its investment. After that, MSFT would own 49% of the AI business.
This bet could help Microsoft boost its efforts to gain relevance in search engines, a market dominated by Google. Microsoft’s Bing search engine currently holds only a small percentage of active online search users globally.
In fact, many AI features provided by ChatGPT are already incorporated into Microsoft applications such as MS Word, PowerPoint, and Outlook. Examples include autocorrect, image suggestions, slide designs, and more.
However, the company has stated plans to incorporate new automation tools into its programs, such as finding emails without the need for keywords, suggesting improvements to entire texts, or generating automatic responses for emails.
This collaboration also faces challenges in delivering advanced text generation with AI. For starters, ChatGPT still struggles with accuracy: it tends to present false information as facts, making it hard to create reliable texts. Moreover, offering a specialized service without compromising users' privacy will be a significant challenge.
There are many AI tools out there, but here are some of the most surprising ones:
Without a doubt, many other apps use artificial intelligence to make our tasks more efficient. You are invited to keep discovering them!
In conclusion, ChatGPT is a chatbot like no other, available to the public for free. With its advanced artificial intelligence technology, it can understand and respond naturally to human language. It provides tools that will play an important role in expanding knowledge and optimizing various processes.
It seems that Microsoft will invest significantly in this technology, which could change its future trajectory forever. Further comments from OpenAI and Microsoft have been limited. More information is needed to fully understand Microsoft’s true intentions behind this strategy.
Are you surprised by Microsoft’s potential investment in ChatGPT? Technology is advancing at an unprecedented pace, and major companies like MSFT are aware of this. Thanks to the stock market, you don’t need to be a huge company to invest in the technology of the future. With an app like Hapi on your phone, you can call yourself an investor in today's most innovative projects. With Hapi, you can invest in U.S. stocks and cryptocurrencies with no minimums or commissions.
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