![]() ![]() Microsoft has its own search engine, but Bing isn’t as popular as Google by any stretch. Microsoft is looking to improve its search engineĪs we all have witnessed, Google took over the search engine field to the point that the brand name is synonymous with searching for something online. With digital ads bringing in more than 80% of Alphabet’s revenue last year, it’s not likely that they’ll want to replace the search engine with a chatbot anytime soon. Google’s management even declared a “code red” as there are concerns that the chatbot could replace search engines. Alphabet recently revealed that they were laying off 12,000 employees globally and shifting the company’s focus towards AI. Notable tech giants like Alphabet and Amazon have already been investing billions of dollars into the field of AI-related research. The AI competitive landscape is heating up Why is Microsoft allocating so much capital toward this AI startup? Here’s how AI will change how Microsoft competes with other tech giants. AI will change how Microsoft competes with Google and other tech giants Ever since the iPhone came out in 2007, it has changed how fast and productive a smartphone can be, and ChatGPT could do the same for artificial intelligence. While the ChatGPT tool hasn’t directly impacted Apple yet, many experts consider the release of this product the “iPhone moment” for AI in the sense that the capabilities of machine learning are coming to the forefront of the public consciousness. ChatGPT could be the “iPhone moment” for AI However, as many businesses and users start to rely on this tool, it’s clear that monetization could be massively successful. The pricing hasn’t been announced yet, as the waiting list is more of a survey about the possible price points. The premium version would be called ChatGPT Professional, and it would come with no unavailability time, faster responses and unlimited messages. OpenAI recently revealed what many were expecting, that they will monetize the tool and offer a professional version. Many companies have started using the tool to create content as the list of uses teeters between fun and functional. Teachers have been reporting that students are using the AI-powered tool to write essays. In shocking news, it was revealed that ChatGPT passed an MBA exam given by a Wharton professor. This refers to technology that can generate text, images, social media posts and other media from short text reports. Generative AI is changing the landscapeĪccording to a recent report in the New York Times, Microsoft is relying on its strong financial position and the power of the AI tools created by openAI to be at the forefront of generative artificial intelligence. Here’s a look at some of the potential of ChatGPT. What’s the potential of ChatGPT?Įven though the new AI-powered chatbot has only been around for a few months, it has already started to make major waves. While the company has stated that the cuts would allow them to priotiize focus on the field of AI, it’s clear that Microsoft is taking a huge risk on this field. However, it’s worth bringing up that this unique partnership with ChatGPT comes just a week after Microsoft announced that they would eliminate 10,000 positions globally. They also announced a partnership with Meta to provide the workplace of the future. Microsoft launched Microsoft Designer, a graphic design app that uses AI-based technology to create art and social media images from scratch. How important is this AI investment for Microsoft? Since that time, Microsoft silently invested another $2 billion into the company, according to industry sources. There was an original investment of $1 billion into the San Francisco-based startup back in 2019. It’s worth mentioning that Microsoft has already invested in OpenAI at earlier stages. This next round of funding was initially rumored to include Microsoft and other investors, bringing the total valuation of the AI startup all the way to $29 billion. Microsoft Azure will continue to be the exclusive cloud provider for OpenAI, and it will power the workloads of research, products and API services. What does this partnership mean for ChatGPT? The program uses OpenAI’s GPT-3.5 language mode, an upgraded model version released in 2020. This revolutionary tool reported one million users at the beginning of December after being out for about a week. Just as a quick reminder, ChatGPT is the chatbot released late last year by OpenAI, a company that Elon Musk and Sam Altman originally founded. ![]()
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