AI Is Now Cooking, but It Shouldn’t Be Overdone
null By Mustafa SuleymanNov. 7, 2023 5:31 pm ETSpeaking to a Senate subcommittee on May 16, 2023, OpenAI CEO Sam Altman, IBM chief privacy officer Christina Montgomery and NYU professor emeritus Gary Marcus gave suggestions for regulating the AI industry—and highlighted the associated perils. Images: AFP/Getty Images/Reuters Composite: Mark KellyReports of artificial intelligence’s impending death are greatly exaggerated. We needn’t brace for the bubble to pop or fear an uptick in popular disillusionment with the technology. Its capabilities are merely beginning.AI has only recently exploded into public view. When OpenAI launched ChatGPT in November 2022, few people outside industry had heard of large language models, let alone used one. Two months later the product was estimated to have reached 100 million monthly active users. “In 20 years following the internet space,” wrote a UBS analyst, “we cannot recall a faster ramp in a consumer internet app.” Venture capitalists poured more
Nov. 7, 2023 5:31 pm ET
Reports of artificial intelligence’s impending death are greatly exaggerated. We needn’t brace for the bubble to pop or fear an uptick in popular disillusionment with the technology. Its capabilities are merely beginning.
AI has only recently exploded into public view. When OpenAI launched ChatGPT in November 2022, few people outside industry had heard of large language models, let alone used one. Two months later the product was estimated to have reached 100 million monthly active users. “In 20 years following the internet space,” wrote a UBS analyst, “we cannot recall a faster ramp in a consumer internet app.” Venture capitalists poured more than $40 billion into AI enterprises. Chipmaker Nvidia saw a huge spike in its share price, briefly taking it to a trillion-dollar market capitalization, and Meta announced its plan to spend $33 billion on its “build-out of AI capacity.”
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