The AI-Powered Chatbot that Took the World by Storm

In 2022, OpenAI, a non-profit company, launched its AI-powered generative chatbot called GBT Chat. Within just two months, this incredible technology captivated 100 million users, making it the fastest growing consumer app ever. It achieved what took Facebook four and a half years and Twitter five years to accomplish.

The Power and Pitfalls of Artificial Intelligence

While the chatbot impressed users with its ability to transform commands into poetry, songs, and articles, it wasn't always perfect. Sometimes, it provided incorrect information, even though it sounded convincing. This phenomenon, known as "hallucination," became so prevalent that it was chosen as the "Word of the Year" on Discovery.com. Despite these mistakes, the enthusiasm for AI remained strong, and investors, led by Microsoft, poured billions of dollars into OpenAI and other AI startups.

The Battle for AI Supremacy

In 2023, big tech companies like Alphabet, Meta, and Amazon.com intensified their competition for AI dominance by announcing new products. This battle among tech giants had been simmering in the background for years but now took center stage.

The Call for Caution

By March 2023, thousands of scientists and AI experts, including Elon Musk, signed an open letter urging a temporary halt to training more powerful AI systems. They wanted to study the potential risks and dangers these systems posed to humanity. Geoffrey Hinton, one of the pioneers of AI, even resigned from Alphabet to focus on addressing these concerns.

The Economic Impact of AI

Consulting firm PricewaterhouseCoopers predicted that AI could have a global economic impact of $15.7 trillion by 2030, equivalent to China's gross domestic product. This optimistic outlook is reinforced by the widespread adoption of AI in various industries, including finance, law, manufacturing, and entertainment.

The Winners and Losers of AI

As AI becomes more prevalent, winners and losers are starting to emerge. However, these outcomes are often influenced by social and economic factors. Civil rights advocates have raised concerns about potential bias in AI, particularly in areas like hiring. Labor unions have also warned about job disruptions as AI threatens to replace certain roles, such as coding and content creation. Chip manufacturer Nvidia, known for its graphics processors, has emerged as a major winner in the AI race.

The OpenAI Turmoil

In late 2023, OpenAI faced internal turmoil when its CEO, Sam Altman, was fired for not being consistently honest with the board of directors. This incident sparked a debate about the future of AI, with Altman advocating for a more commercialized approach while skeptics called for caution. Ultimately, Altman was reinstated due to the support of OpenAI employees.

The Future of AI in 2024

Looking ahead to 2024, the question arises: Will discussions about AI and its social impact continue to be limited to a privileged few in Silicon Valley? EU-led regulators are determined to take a leadership role by introducing an EU AI law to establish guidelines for the technology. Similar rules are being drafted in the UK and US, especially with concerns about AI misinformation during the upcoming major election year. Artificial intelligence is expected to play a significant role in electronic systems, for better or worse.

Sources: Reuters