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If you’ve made it this far into 2023 without hearing about ChatGPT or the artificial intelligence (AI) technology powering the tool, here’s your notice: it’s time to pay attention.
For years, we’ve heard about the promise of AI—some of which, frankly, felt like baseless hype. But almost overnight, ChatGPT’s generative AI, built by OpenAI, has shown signs that AI can actually deliver on its futuristic potential. It has already started disrupting many industries, most notably education and computer programming.
The speed of OpenAI’s development and adoption has been amazing to see. When ChatGPT first became available in November 2022, over one million people signed up for accounts. Now, just a few months later, OpenAI has upgraded from GPT-3 to GPT-4, a far more powerful AI model (see demo). The improvement is of the magnitude that one would’ve expected to take years—but the upgrade took just three months.
We’re in unprecedented territory with the speed of AI tool development. In fact, it’s moving so fast that 1,000 business leaders, including Elon Musk and Steve Wozniak, came together to propose a six-month ban on creating or training more powerful AI models until we can better understand the implications on society and the labor market.
I try to steer clear of hyperbole. But having now played with ChatGPT for several months and read about all the different applications to date, I believe that the generative AI powering it will be one of the most disruptive forces of my lifetime. Entire industries will need to figure out how to incorporate AI into their offerings to remain competitive, especially if they rely on data, writing/editing or technological expertise at the core of their business model.
Early studies have shown productivity gains through AI are greater than the creation of the steam engine, which touched off the industrial revolution. Even Bill Gates, who helped l… Read More
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