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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.

Continue reading “The Generative AI Revolution Is Creating The Next Phase Of Autonomous Enterprise” »

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.

Continue reading “Gmail creator says ChatGPT will destroy Google’s business in two years” »

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-.

Continue reading “ChatGPT Passed Exams From Graduate Business and Law Schools” »

The automobile business is continuously evolving, and as technology advances, we are seeing a shift toward a future of automated robots in the car maintenance sector. This move is expected to have a number of advantages, including greater accuracy and efficiency in automotive maintenance, as well as the capacity to work on older vehicles that traditional mechanics may be unfamiliar with.

As the owner of an older family truck, I have direct knowledge of the difficulty in finding a mechanic willing to work on their vehicle even if it is well kept up. With the emergence of automated robots, there will be no need to rely on human mechanics, as robots will be capable of doing the required jobs with ease. They will be able to detect faults and undertake routine maintenance, such as replacing belts, radiators, and other parts, without specialist training or knowledge.

The benefits of automated robots in automotive repair go beyond increased productivity. The robots will be built to work on a wide range of automobiles, regardless of age, allowing owners of older vehicles to maintain their vehicles without having to worry about finding a mechanic ready to work on them. Furthermore, automated robots will improve automotive maintenance accuracy since they will be equipped with cutting-edge technology and will be able to complete duties with precision and speed.

Continue reading “The Rise of Automated Robots in the Future of Car Maintenance and Driving” »

The threat actors associated with the Gootkit malware have made “notable changes” to their toolset, adding new components and obfuscations to their infection chains.

Google-owned Mandiant is monitoring the activity cluster under the moniker UNC2565, noting that the usage of the malware is “exclusive to this group.”

Gootkit, also called Gootloader, is spread through compromised websites that victims are tricked into visiting when searching for business-related documents like agreements and contracts via a technique called search engine optimization (SEO) poisoning.

ChatGPT is becoming more professionally competitive by the day. We rounded up all the exams the bot has passed.

A group of McKinsey’s technology practice leaders have taken a look at what 2023 might hold, and offer a few new year’s tech resolutions to consider: 1) Look for combinatorial trends, in which the sum impact of new technologies create new opportunities. 2) Prep boards for tipping point technologies. 3) Relieve the bureaucratic burden on your engineers to increase their productivity. 4) Look for new opportunities in the cloud. 5) Take advantage of how the cloud is changing security. 6) Take advantage of decentralized AI capabilities — and what this technology might mean for your business model.

Page-utils class= article-utils—vertical hide-for-print data-js-target= page-utils data-id= tag: blogs.harvardbusiness.org, 2007/03/31:999.346784 data-title= Where Is Tech Going in 2023? data-url=/2023/01/where-is-tech-going-in-2023 data-topic= AI and machine learning data-authors= Aamer Baig; Jan Shelly Brown; William Forrest; Vinayak HV; Klemens Hjartar; Lareina Yee data-content-type= Digital Article data-content-image=/resources/images/article_assets/2023/01/Jan23_06_1405011898-383x215.jpg data-summary=

Six trends that will define the next year, according to McKinsey experts.

Musk also teased that new products are under development, which presumably could be a new car model. Wall Street analysts expect a lower-cost EV that they have dubbed the “Model 2.”

“I should also say that we have other products in development. We’re not going to announce them obviously but they’re very exciting and I think we’ll blow people’s minds when we reveal them,” Musk said.

Other areas of growth for the company include Tesla insurance, which is currently at an annual premium run rate of $300 million. “We’re growing 20% a quarter so it’s growing faster than the growth in our vehicle business,” CFO Zachary Kirkhorn said.

Continue reading “Elon Musk reiterates his belief that Tesla will ‘be the most valuable company on earth’ amid record quarter for the EV maker” »

Amazon employees are quickly discovering ChatGPT’s vast potential as a work assistant.

ChatGPT, the eerily intelligent chatbot that blew up since its November release, has been used in a number of different job functions at Amazon, according to internal Slack messages obtained by Insider. That includes answering job interview questions, writing software code, and creating training documents, as Insider previously reported.

One employee said in the Slack channel that the Amazon Web Services cloud unit has created a small working group to better understand AI’s impact on its business. Through testing, this team found ChatGPT does a “very good job” at answering AWS customer support questions, as most answers are based on public information. The AI tool was also “great” at creating training documents and “very strong” in corporate strategy questions.

Continue reading “Amazon employees are already using ChatGPT for software coding. They also found the AI chatbot can answer tricky AWS customer questions and write cloud training materials” »