On November 30, 2022, when the startup OpenAI launched ChatGPT, a conversational chatbot, the public did not yet know how much progress Artificial Intelligence (AI) had made in recent years.
While many cars today are equipped with technologies that allow them to perform many maneuvers on their own, consumers often do not associate these advances with advances in artificial intelligence. Likewise, they never believed that artificial intelligence had made such a huge advance, despite the introduction of voice assistants such as Siri and Alexa in their daily lives. ChatGPT lifted that veil that kept the world from seeing AI in its true light.
The chatbot has already taken over the world. ChatGPT, which provides human-like responses to complex requests, has changed the way search is perceived on the Internet. The chatbot showed that artificial intelligence has reached a point where technology can perform certain tasks much better than humans.
Microsoft (MSFT) – Get a free reportIt immediately integrated ChatGPT’s features into its Bing search engine. The Redmond, WA group has also deployed these features across nearly all of its products and in its cloud business.
The big change is now, when consumers submit their inquiries using Microsoft’s Bing, they’ll get exact answers to the questions asked, instead of the current set of links. Until now, the user had to scan links and click on the ones most likely to answer the question asked. The chatbot can also perform very complex tasks such as, for example, writing a book.
Companies that drag their feet will perish: Huang
In the face of this attack, Alphabet Google (Google) – Get a free report Recently launched Bard, a competitor to ChatGPT. Besides the two giants, almost every technology group and many platforms are developing their own AI platforms and tools. Meta platforms (meta) – Get a free report, the parent company of Facebook, Instagram, WhatsApp, Amazon and Apple, have all been launched in a frantic race. This is the case in all industries. From cars to finance to fashion, artificial intelligence is everywhere.
The AI revolution, powered by so-called big language model technology, is shaking up nearly every economic sector. The common belief is that AI will cut costs for large companies, create jobs that did not exist, and kill many existing jobs.
In this context, Jensen Huang, CEO and co-founder of Nvidia, gave the opening speech on May 28 at National Taiwan University in Taipei.
Huang was blunt: Companies and people who don’t want to care about and learn about AI will become obsolete. For him, this revolutionary technology will transform businesses and virtually every job. Therefore, there is a great need for individuals and companies alike to adopt this technology, which boosts Nvidia’s share price.
“Agile companies will take advantage of AI and strengthen their position. Companies will lose less,” Huang told the graduating students, according to excerpts from his speech reported by Bloomberg News. “While some worry that AI might take their jobs, someone who is an expert in AI will.”
Enter that you are running for food or that you are running from becoming food.
He encouraged new graduate students to take risks and create in the age of AI if they did not want to be left behind.
“In 40 years we’ve created the PC, the Internet, mobile, the cloud and now the age of AI. What would you create?” challenge them. “Whatever it is, run after it like we did. Run, don’t walk.”
“Either you are running for food, or you are running for food.”
nvidia (NVDA) – Get a free report, his company, it sure works. The stock rose 27.5% in the two trading sessions after its fiscal first-quarter results were announced on May 24. This dramatic jump brought the company closer to a very select club of companies with a market capitalization of more than $1 trillion. Only five companies in the world – Apple (AAPL) – Get a free reportMicrosoft, Saudi Aramco, Alphabet and Amazon (AMZN) – Get a free report— part of that elite club, according to Companiesmarketcap.com. Nvidia has a market capitalization of over $963 billion at the latest examination, making it the sixth largest company in the world.
The company benefits from its special place in the AI ecosystem. In fact, its graphics cards are used to train and develop artificial intelligence systems through machine learning and deep learning programs. AI companies need Nvidia GPUs for high-performance computing within their data centers.