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Category: business – Page 87

Google worked to reassure investors and analysts on Thursday during its quarterly earnings call that it’s still a leader in developing AI. The company’s Q4 2022 results were highly anticipated as investors and the tech industry awaited Google’s response to the popularity of OpenAI’s ChatGPT, which has the potential to threaten its core business.

During the call, Google CEO Sundar Pichai talked about the company’s plans to make AI-based large language models (LLMs) like LaMDA available in the coming weeks and months. Pichai said users will soon be able to use large language models as a companion to search. An LLM, like ChatGPT, is a deep learning algorithm that can recognize, summarize and generate text and other content based on knowledge from enormous amounts of text data. Pichai said the models that users will soon be able to use are particularly good for composing, constructing and summarizing.

“Now that we can integrate more direct LLM-type experiences in Search, I think it will help us expand and serve new types of use cases, generative use cases,” Pichai said. “And so, I think I see this as a chance to rethink and reimagine and drive Search to solve more use cases for our users as well. It’s early days, but you will see us be bold, put things out, get feedback and iterate and make things better.”

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AI startup unicorn OpenAI is now ready to make money off its popular AI chatbot released in November.

OpenAI has launched its first subscription plan for ChatGPT, opening up the popular AI model for business use just two months after its public launch.

The new plan, called ChatGPT Plus and announced in a company blog post on Wednesday, will charge subscribers $20 for monthly use of ChatGPT’s tools. Users will get priority access to ChatGPT “during peak times,” faster responses, and “priority access to new features and improvements,” the company wrote. The subscription is only available initially in the United States and will roll out to a waitlist first.

AI unicorn OpenAI is ready to make money off its popular AI chatbot released in November.

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Here’s some interesting SpaceX News!

For the last few months, SpaceX has been having trouble launching Starlink satellites, once going almost two months between Starlink launches. The problem wasn’t that SpaceX was launching less often, but that SpaceX had a surge in business. The long-term solution was to go from 61 launches last year to about 100 launches this year. (SpaceX only did 31 launches in 2021, so they are growing rapidly!)

This month was much better for Starlink launches, with 3 this month. The key to squeezing in 3 launches was that SpaceX did 7 launches this month which is a 7 12 = 84 launch rate, definitely higher than last’s years 61 launch rate.

Wright’s Law aims to provide a reliable research framework for forecasting cost declines as a function of cumulative production.

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By now you have probably heard about ChatGPT (and used it!). Even to those familiar with AI tools, ChatGPT generated a wow moment. Perhaps it is the sheer breadth of possible applications, the accessibility, or the ease of use. In any event, people are scrambling to figure out what it means for them and their businesses. There appear to be three main reactions to date — ignore, ban (with or without detection), or embrace. While completely understandable as short-term reactions, the first two are not intermediate or long-term practical. The technology is too powerful, too easy to use, and too helpful to too many people.

What does ChatGPT mean for how we consider human intelligence? The key to benefiting from these technologies is to better understand what humans are capable of.

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According to the Financial Times, investments in generative AI in 2022 exceeded $2 billion. OpenAI’s valuation for a potential sale of some shares was set at an impressive $29 billion by the Wall Street Journal. Clearly, this indicates the enormity of interest from investors and corporations in generative AI technology. As the world continues to embrace technology and automation, businesses are beginning to explore the infinite possibilities of Generative AI. This type of Artificial Intelligence is on the cusp of creating autonomous, self-sustaining digital-only enterprises that can interact with humans without the active need for human interaction.

Generative AI is quickly becoming more widely adopted as enterprises are beginning to utilize it for a variety of tasks, including marketing, customer service, sales, learning and client relationships. This type of AI can create marketing content, generate pitch documents and product ideas and craft sophisticated advertising campaigns – all custom driven to help improve conversion rates and drive more revenue.

Generative AI companies are beginning to see massive success in venture capital, with many raising large sums of money and achieving high valuations. As per TechCrunch, Jasper, a copywriter assistant, recently raised $125 million at a $1.5 billion valuation, while Hugging Face raised $100 million at a $2 billion valuation, and Stability AI raised $101 million at a $1 billion valuation. In addition, Inflection AI raised $225 million at a post-money valuation of $1 billion according to TechCrunch. These successes can be compared to OpenAI, who in 2019, received more than $1 billion from Microsoft in funding with a $25 billion valuation.

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Will it? Only time will tell.

The popularity of ChatGPT, the online chatbot built by OpenAI, has brought many to question the survival of search engines such as Google. Paul Buchheit, the creator of Gmail, has also dropped his opinion on the matter, and he thinks that Google’s business will last a maximum of two years, he tweeted.

Launched in November last year, ChatGPT has become the favorite destination to ask questions among millions of users. Instead of delivering a response to a search result that runs into tens of pages, ChatGPT answers the questions in a conversational style, making it easier for the user to ask follow-up questions, too.

JHVEPhoto/iStock.

Even if they catch up on AI, they can’t fully deploy it without destroying the most valuable part of their business!


— Paul Buchheit (@paultoo) December 1, 2022.

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ChatGPT, the artificial intelligence tool that has been used in everything from high school essays to a speech on the floor of Congress, has added another accomplishment to its résumé: passing exams from law and business schools.

The AI tool was presented with several tests from both the University of Minnesota’s law school and the University of Pennsylvania’s Wharton School of Business, passing them all.

That said, the AI didn’t necessarily ace the exams with flying colors. The chatbot answered 95 multiple choice questions and 12 essay prompts across 4 of UM’s law school tests, averaging about a C+ performance overall. The tech did better in Wharton’s business management course exam, scoring between a B to B-.

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