Generative AI models such as ChatGPT launched by OpenAI from Silicon Valley have been hailed as the beginning of a new era in Big Tech. Such new technologies lead to explosion of new companies. Already we have experienced this when Internet and cell phones have been introduced.
As we have observed, Generative AI churns virtually an ocean of data to bring forth original new content. Thus AI could be the next big thing.
ChatGPT provoked both microsoft and Google to renew their interest in projects that were more or less shelved.
ChatGPT could disrupt the existing manpower scene by displacing knowledge workers. In fact, it could change the way we make decisions, consume and learn.
The market valuations of AI companies have touched sky. Still, the investing companies are ready to put funds in them.
One such company apart from OpenAI is Kognitos, California, which works in automation of administrative tasks. Poly is working as a platform for designers producing 3D graphics or maps in a matter of seconds.
ChatGPT in fact is an example of gold rush since it minimises the need for a computer coder or designer to execute ideas.