TL;DR:
- Mark Cuban believes AI chatbots like ChatGPT are in their early stages of development but will have a huge impact.
- Cuban compares the introduction of ChatGPT to the advent of HTML in the early days of the Internet.
- HTML is the coding language used to build websites and determine their appearance to users.
- ChatGPT has gained 100 million monthly active users two months after its launch, making it the fastest-growing consumer application in history.
- As more people become familiar with AI chatbots, they will soon be recognized as fundamental and used by everyone.
- Companies will need to differentiate themselves from each other as they invest in or create large language models (LLMs) like ChatGPT.
- Not all AI chatbots will have the same expertise, responses, or value to different users.
- Companies will need to decide how much money they are willing to spend to acquire the data and intellectual property that AI chatbots learn from.
- The owners of the most impactful IP may not make it available for free and will want to be compensated.
- It may be financially impossible to cover every base, which could impede the progress of AI and LLMs in the future.
Main AI News:
Billionaire Mark Cuban has declared that AI chatbots, such as OpenAI’s ChatGPT, are only in their infancy. Despite this, he predicts that the impact of this new technology will be immense. In a recent tweet, Cuban likened the introduction of ChatGPT to the advent of HTML in the early days of the Internet. He notes that while everyone understood the significance of HTML, it was perceived as complicated at the time.
HTML (Hypertext Markup Language) is the coding language that forms the building blocks of the Internet. It was created in the 1980s by Sir Tim Berners-Lee and is still used today alongside other coding languages. In the 1990s, anyone who learned HTML and built websites was considered a tech wizard. Today, there are many websites that offer HTML coding tutorials, making it a crucial entry point into the world of coding.
In a mere two months after its launch, AI ChatGPT has already garnered 100 million monthly active users, making it the fastest-growing consumer application on record, according to UBS. As awareness and familiarity with AI chatbots increases, Mark Cuban predicts that they will soon be considered a fundamental technology, widely adopted by the masses.
However, Cuban also highlights that there is something missing in the current discussions about AI’s development. As more companies invest in large language models (LLMs) like ChatGPT or create their own, they will need to differentiate themselves from one another. Cuban notes that not all AI chatbots will have the same expertise, responses, or value to different users. Companies will also need to decide how much money they are willing to spend to acquire the data and intellectual property that AI chatbots learn from to formulate responses.
Cuban points out that the owners of the most impactful IP are unlikely to make it available for free to everyone, if at all. They will want to be compensated. Given that LLMs are meant to be knowledgeable on almost every topic and be able to respond to almost any search, it may be financially impossible to cover every base, Cuban warns. This hypothetical scenario could impede the progress of AI and LLMs in the future.
Conlcusion:
The rise of AI chatbots like ChatGPT is poised to have a profound impact on the market. As more companies invest in or create large language models (LLMs) like ChatGPT, they will need to differentiate themselves from one another in terms of expertise, responses, and value to different users.
This could lead to a competitive landscape in which companies vie for the most impactful data and intellectual property. However, the cost of acquiring this data and IP may prove prohibitive for some companies, potentially slowing the progress of AI and LLMs in the future. Overall, the market for AI chatbots is likely to be dynamic and evolving, with opportunities and challenges that will continue to emerge as the technology develops.
