OpenAI’s ChatGPT, with its text and image generation capabilities, garnered massive attention, leading to the creation of a myriad of content, from school essays to personalized marketing pitches and even viral fake images.
AI’s influence extended beyond user experimentation.
British Prime Minister Rishi Sunak hosted a two-day conference at Bletchley Park, delving into the technology’s existential risks.
The Biden administration has issued an executive order instructing federal agencies to regulate AI, the EU has passed the AI Act.
China has also implemented stringent rules to control the technology.
The San Francisco-based start-up OpenAI faced controversy inside and out. The company went from a struggling non-profit to a billion-dollar enterprise in months. The internal turmoil was marked by a boardroom clash that resulted in the firing and subsequent rehiring of CEO Sam Altman amid a staff revolt.
Hype vs. Business Impact
Despite the hype and dramatic events, the business impact of the intersection of technologies in 2023 fell short of expectations.
