![]() “The benefits of generative AI will be felt over years, not quarters,” he says. That kind of rise calls to mind the dotcom boom and bust of the early 2000s – but Wu says AI is here to stay, though key questions remain. US technology company Nvidia makes AI chips and other AI hardware and has seen its share price rise 165 per cent this year. Some of that hype has been caused by the value of some companies rising exponentially. ![]() Milford Senior Analyst Daniel Wu is one of those closely watching AI’s progress in a ChatGPT world and, while he has no doubt of the significance AI will play in the future, one of his main messages is cautionary: it’s a long-term situation don’t just get swept up in the hype. Businesses will distinguish themselves by how well they use it.” Entire industries will re-orient around it. “It will change the way people work, learn, travel, get health care, and communicate with each other. “The development of AI is as fundamental as the creation of the microprocessor, the personal computer, the Internet, and the mobile phone,” Gates wrote in a blog. ![]() The key is that previous iterations of AI could read and write – but ChatGPT actually understands the content – and can generate it. The world is now watching AI’s next steps with some of the big questions being: how will AI be monetised after that “iPhone moment” and what to make of Gates’ strong endorsement of AI’s ability to change the world after ChatGPT’s landmark arrival and impact. ChatGPT, the powerful AI bot which can hold human-like conversations and write effective and engaging content, is what many tech luminaries have called “the iPhone moment” for AI. Share this article facebook copy link twitter linkedin reddit emailĪnalyst warns impact will be felt “in years, not quarters”.Īrtificial intelligence has already experienced the full range of praise and criticism – from Bill Gates’ belief that the advent of ChatGPT is as significant as the invention of the internet, to contentions from leading AI experts that it could make humans extinct.ĪI will, most experts agree, change the way we live, work and play.
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