• Tech News
    • Games
    • Pc & Laptop
    • Mobile Tech
    • Ar & Vr
    • Security
  • Startup
    • Fintech
  • Reviews
  • How To
What's Hot

Elementor #32036

January 24, 2025

The Redmi Note 13 is a bigger downgrade compared to the 5G model than you might think

April 18, 2024

Xiaomi Redmi Watch 4 is a budget smartwatch with a premium look and feel

April 16, 2024
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Facebook Twitter Instagram Pinterest VKontakte
Behind The ScreenBehind The Screen
  • Tech News
    1. Games
    2. Pc & Laptop
    3. Mobile Tech
    4. Ar & Vr
    5. Security
    6. View All

    Bring Elden Ring to the table with the upcoming board game adaptation

    September 19, 2022

    ONI: Road to be the Mightiest Oni reveals its opening movie

    September 19, 2022

    GTA 6 images and footage allegedly leak

    September 19, 2022

    Wild west adventure Card Cowboy turns cards into weird and silly stories

    September 18, 2022

    7 Reasons Why You Should Study PHP Programming Language

    October 19, 2022

    Logitech MX Master 3S and MX Keys Combo for Business Gen 2 Review

    October 9, 2022

    Lenovo ThinkPad X1 Carbon Gen10 Review

    September 18, 2022

    Lenovo IdeaPad 5i Chromebook, 16-inch+120Hz

    September 3, 2022

    It’s 2023 and Spotify Still Can’t Say When AirPlay 2 Support Will Arrive

    April 4, 2023

    YouTube adds very convenient iPhone homescreen widgets

    October 15, 2022

    Google finishes iOS 16 Lock Screen widgets rollout w/ Maps

    October 14, 2022

    Is Apple actually turning iMessage into AIM or is this sketchy redesign rumor for laughs?

    October 14, 2022

    MeetKai launches AI-powered metaverse, starting with a billboard in Times Square

    August 10, 2022

    The DeanBeat: RP1 simulates putting 4,000 people together in a single metaverse plaza

    August 10, 2022

    Improving the customer experience with virtual and augmented reality

    August 10, 2022

    Why the metaverse won’t fall to Clubhouse’s fate

    August 10, 2022

    How Apple privacy changes have forced social media marketing to evolve

    October 16, 2022

    Microsoft Patch Tuesday October Fixed 85 Vulnerabilities – Latest Hacking News

    October 16, 2022

    Decentralization and KYC compliance: Critical concepts in sovereign policy

    October 15, 2022

    What Thoma Bravo’s latest acquisition reveals about identity management

    October 14, 2022

    What is a Service Robot? The vision of an intelligent service application is possible.

    November 7, 2022

    Tom Brady just chucked another Microsoft Surface tablet

    September 18, 2022

    The best AIO coolers for your PC in 2022

    September 18, 2022

    YC’s Michael Seibel clarifies some misconceptions about the accelerator • DailyTech

    September 18, 2022
  • Startup
    • Fintech
  • Reviews
  • How To
Behind The ScreenBehind The Screen
Home»Startup»ChatGPT Has Investors Drooling—but Can It Bring Home the Bacon?
Startup

ChatGPT Has Investors Drooling—but Can It Bring Home the Bacon?

January 15, 2023No Comments4 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
ChatGPT Has Investors Drooling—but Can It Bring Home the Bacon?
Share
Facebook Twitter LinkedIn Pinterest Email

When ChatGPT—the ingenious, garrulous, and occasionally unhinged chatbot from OpenAI—was asked this week how much the company behind it is worth, its responses included: “It is likely that its worth is in the hundreds of millions of dollars, if not more.”

Microsoft, which is rumored to be weighing a $10 billion investment in OpenAI on top of an earlier $1 billion commitment, is betting that the company is worth a lot more—despite the fact neither ChatGPT nor other AI models made by OpenAI are yet raking in huge amounts of cash. OpenAI has built several impressive and attention-grabbing demos and powers a popular autocomplete function for coders offered by Microsoft’s GitHub. But despite the hype swirling around its technology, the startup hasn’t created a breakout, highly lucrative product or business.

“We don’t really know what ChatGPT is going to be great at,” says James Cham, a partner at Bloomberg Beta, an investment firm. But while the bot’s path to riches may not be clear, Cham shares the feeling of many VCs and entrepreneurs that the technology behind the bot will pay out in a big way. OpenAI’s technology is at the heart of a swell of interest in so-called generative AI, a term encompassing algorithms that can generate text, images, or other data.

Cham compares the current situation to the early days of the internet, when some obscure but evocative demos turned out to precede a sea change in the workings of software, tech companies, and wider society. “We’ve had decades of great AI demos, but this is the first one where you give it to someone and they are really excited about the possibilities,” Cham says of ChatGPT.

See also  Bring Arts Final Fantasy VII Tifa and Aerith figures come with NFTs

OpenAI’s chatbot took the internet by storm when it was released in December 2022, demonstrating an uncanny ability to answer questions and perform tricks like crafting mostly coherent essays, producing working computer code, and musing on the meaning of life. It is powered by GPT-3, a text-generation algorithm developed by OpenAI, that has been fed huge quantities of text slurped from the web and other sources and then given additional training on how to answer questions.

Some developers were so inspired by ChatGPT that they quickly used it to create apps, such as a spreadsheet assistant capable of performing complex calculations in response to a simple typed request.

But because of how ChatGPT works—by finding statistical patterns in text rather than connecting words to meaning—it will also often fabricate facts and figures, misunderstand questions, and exhibit biases found in its training data. This is likely to complicate efforts to use the technology widely, by for example by mixing misleading or biased information into search results. 

One reason for tech industry excitement around ChatGPT, fed by its parlor tricks, is the suggestion it might disrupt the long-standing dominance of Google and other tech giants, by allowing small companies to outcompete much larger competitors. One popular theory is that the bot could transform web search.

For Microsoft, investing more in OpenAI could offer a way to ensure that if there is a disruptive AI moment, the company will be not only unscathed but positioned to benefit. Nathan Benaich, an investor with Air Street Capital who tracks trends in AI, says that while there is plenty of hype around generative AI, there are many ways that Microsoft could use the technology to improve its products.

See also  It Costs Just $400 to Build an AI Disinformation Machine

The company’s broad and varied product range, from enterprise and cloud services to consumer devices and software, provide many potential opportunities. Microsoft already uses the technology behind ChatGPT to auto-generate snippets of code in its Visual Studio product, and it is reportedly looking at using ChatGPT to improve the performance of its laggardly search engine, Bing.

“The surface—the application space that Microsoft has with all its customers—is just so vast,” Benaich says. For Microsoft, a company worth about $1.7 trillion, he says, $10 billion is not a large sum given the potential payoffs. Semafor reported that the investment would give OpenAI a valuation of $29 billion.



Source link

Bacon Bring ChatGPT Droolingbut home investors
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Eset Home Security Ultimate review

January 23, 2024

Multiple Milestones As New Majority Capital Boosts Entrepreneurship Through Acquisition

September 26, 2023

Getty Images Plunges Into the Generative AI Pool

September 26, 2023

3 Hot Startup Opportunities In Augmented Reality

September 26, 2023
Add A Comment

Comments are closed.

Editors Picks

5 Steps To Making A Successful Career Pivot In Your Fifties

September 21, 2022

‘Wordle’ today, August 7: Answer, hints, help for Wordle #414

August 7, 2022

Professional-business AI framework spans sector-specific rules

July 20, 2022

Tactics Ogre: Reborn officially announced

August 4, 2022

Subscribe to Updates

Get the latest news and Updates from Behind The Scene about Tech, Startup and more.

Top Post

Elementor #32036

The Redmi Note 13 is a bigger downgrade compared to the 5G model than you might think

Xiaomi Redmi Watch 4 is a budget smartwatch with a premium look and feel

Behind The Screen
Facebook Twitter Instagram Pinterest Vimeo YouTube
  • Contact
  • Privacy Policy
  • Terms & Conditions
© 2025 behindthescreen.uk - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.