Financial Times (February 15)
“As OpenAI enters its year of rapid growth, questions about the long-term viability of its business model remain.” Despite such grandiose goals as accelerating “global productivity and economic growth,” corporations are struggling “to figure out how to integrate generative AI into their processes, or estimate what kinds of cost and productivity benefits it might bring.”
Tags: Benefits, Business model, Corporations, Cost, Economic growth, Generative AI, Global productivity, Grandiose, Growth, OpenAI, Processes, Struggling, Viability
Institutional Investor (August 29)
“Ever since ChatGPT burst onto the scene last November…so-called “generative AI” has turned the markets on their heads.” Venture capitalists, “coming off the worst year in recent history,” have “redirected their dollars to AI upstarts. Meanwhile, the stock prices of the big tech names suspected to be the major beneficiaries of this often-called ‘revolutionary’ form of artificial intelligence have skyrocketed.” In 2023, “generative AI and machine learning start-ups raised about $39.4 billion.” The massive inflows are creating an ideal environment for fraudsters and critics “are starting to wonder whether the latest technology is really transformational or merely evolutionary.”
Tags: Big tech, ChatGPT, Critics, Evolutionary, Fraudsters, Generative AI, Machine learning, Markets, Revolutionary, Skyrocketed, Start-ups, Stock prices, Technology, Transformational, VC
