The future, by ChatGPT

ChatGPT, a generative AI tool developed by OpenAI, has accumulated more than 100m users within 2 months after its launch – faster than the most viral consumer apps such as Uber, Spotify, Instagram or even TikTok.

More importantly, many users are actually hooked – using ChatGPT for a variety of personal and professional use cases.

This report provides a comprehensive overview of the generative AI landscape, key concepts behind models like GPT, its potential impact on various industries, and finally, the impact on organisations and individuals.

7 highlights of the report: 

1. Large Language Models are getting bigger and better

ChatGPT and its creator, OpenAI, are at the forefront of generative AI; a myriad of applications and models that have different capabilities ranging from image generation to code completion. The space is also evolving rapidly; product announcements dominate the headlines as companies compete for market share.

2. Knowing how to construct and train a Large Language Model is fundamental to understand how generative AI works 

3. The key people behind OpenAI

OpenAI’s early founders and backers were already established in their respective fields; they include Elon Musk, Reid Hoffman, Peter Thiel and even Microsoft, providing support to OpenAI’s development strategically and financially. 

4. How AI companies can be profitable is important

While OpenAI’s flagship products ChatGPT and DALL-E are (currently) free to use, there are methods for OpenAI to monetise its other models/products and generate revenue.

5. Big techs are driving or impacted by the advent of ChatGPT and generative AI. How do they ensure their companies are future-proof? 

6. Zooming into Microsoft – the clear winner in the The AI competition (for now) 

More companies are entering the AI arms race to ensure they don’t lose out. The emergence of generative AI has also had a profound impact on their products and company direction.

7. History shows us that each revolution kills old jobs, but unleashes new one. 

The capabilities demonstrated by ChatGPT and DALL-E have led to uncertainties in certain industries – Will AI render artists and copywriters obsolete? Or will new industries and jobs emerge like the industrial revolutions that have happened before?