🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

ChatGPT one year on: From viral AI bot to OpenAI's boardroom battle

Published 30/11/2023, 11:16 pm
© Reuters. FILE PHOTO: ChatGPT logo is seen in this illustration taken, February 3, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
MSFT
-
GOOGL
-
AAPL
-
AMZN
-
NVDA
-

(Reuters) - We asked ChatGPT, OpenAI's viral chatbot, how it felt on its first birthday. This was its reply:

"Thank you for the birthday wishes! However, it's important to note that as a computer program, I don't have feelings or consciousness, so I don't experience emotions like humans do."

Still, its uncannily human-like responses have taken the world by storm in the past year. And while it has answered millions of user prompts, its growing influence has raised questions about the role of AI in society.

Its parent, OpenAI, was also jolted this month by a tumultuous boardroom battle that saw the sudden ouster and return of CEO Sam Altman.

ChatGPT became the fastest-growing software application in the world within six months of its launch. It also sparked the launch of rival chatbots from Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOGL) and a bevy of startups that tapped the hype to secure billions in funding.

The generative AI craze has disrupted several industries from cloud computing and customer service to movie editing and screenplay writing.

Here are four charts on ChatGPT and the impact of generative AI:

CHATGPT DOMINATES DESPITE RISE OF COMPETITORS

ChatGPT's competitors include Bard, Anthropic's Claude, Character.AI and Microsoft's CoPilot, which have seen a surge in users. ChatGPT, however, commands the lion's share of the market.

CHATGPT APP DOWNLOADS

Six months after ChatGPT's website launch, OpenAI introduced the chatbot application to Apple (NASDAQ:AAPL)'s iOS in May and later on Android in July.

Downloads of the app on both platforms have steadily increased on both platforms, with OpenAI seeing revenue from in-app purchases, according to data analytics firm Apptopia.

WINNERS OF THE AI BOOM

Nvidia became the first and the only chip company to join the $1 trillion valuation club and is widely considered the biggest winner of the AI boom due to its position as the key supplier of the chips used to power ChatGPT and other generative AI applications.

With these applications running mostly on the cloud, vendors of cloud computing services, including Microsoft, Amazon (NASDAQ:AMZN) and Alphabet, have also seen their shares surge.

BIG TECH POURS BILLIONS INTO AI

ChatGPT's launch sparked massive investments from the top tech players.

Microsoft and Alphabet have invested billions to improve their cloud computing capabilities and take on more AI workloads as businesses embrace such tools.

© Reuters. FILE PHOTO: ChatGPT logo is seen in this illustration taken, February 3, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

CONTROVERSIES

OpenAI and its backer Microsoft have been slapped with several lawsuits that have been brought by groups of copyright owners, including authors John Grisham, George R.R. Martin and Jonathan Franzen, over the alleged misuse of their work to train AI systems. The companies have denied the allegations.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.