ChatGPT sparks gold rush in Silicon Valley
San Francisco, February 19: The latest Silicon Valley's artificial intelligence (AI) App, is creating a sensation all over the world. ChatGPT is one of the fastest growing App ever. The investors are rushing to find the next big thing in generative AI. This is becoming a new era in technology.
ChatGPT, a natural language processing (NLP) startup based in Silicon Valley, has sparked a “gold rush” amongst tech giants in Silicon Valley. The company has developed a sophisticated AI-based chatbot that can understand and respond to human conversation.
Also Read: Excise case: Delhi Dy CM Manish Sisodia summoned by CBI, seeks more time till Feb-end
The chatbot is based on an advanced AI technology called GPT-3 which was developed by OpenAI, a research lab founded by Elon Musk. GPT-3 is a powerful language processing technology that enables machines to understand and respond to human conversation.
ChatGPT’s breakthrough technology has caught the attention of tech giants such as Google, Microsoft, and Facebook, who are all vying for the chance to acquire the company. In addition, venture capitalists are also clamoring to invest in the startup, as the potential for its technology is immense.
The interest in ChatGPT has sparked a “gold rush” amongst tech giants in Silicon Valley, as they all want to get their hands on the company’s technology. The competition is fierce, as each company is looking to outbid one another and acquire ChatGPT’s groundbreaking AI technology.
ChatGPT’s success has highlighted the importance of AI-based chatbots, and has demonstrated the potential of NLP technology to revolutionize the way we communicate with machines. With more companies investing in AI-based chatbots, it is clear that this technology is here to stay.The entrepreneur wants to grow her team and, according to Daver, while the trend is to downsize, "we are currently hiring" in generative AI.
In the last few weeks, it is mainly the giants that have been in the news, first and foremost Microsoft, OpenAI's partner and investor, followed by Google, which is trying to keep up.
But in their shadow, a galaxy of start-ups have ideas on offer too.
Other recent examples of funding rounds include California-based Kognitos, which aims to automate administrative tasks, and the platform for designers Poly that can whip out 3D graphics or maps in seconds.
In addition to the usual venture capitalists, tech giants are on the lookout, like Google, which just invested $300 million to acquire 10 percent of newcomer Anthropic and its chatbot Claude.
Hu said the ChatGPT "gold rush" could be unprecedented and expand well beyond Generative AI because the very technology itself minimizes the need for a computer coder or designer to execute ideas.
"Now you no longer need to get a Stanford PhD in computer science: any developer can build something amazing on top of ChatGPT and other foundation models in one weekend."
"This wave of AI could be bigger than mobile or the cloud, and more on the scale of something like the Industrial Revolution that changed the course of human history," Hu said.
- With inputs from agencies
