In the tech industry, “smart” is the key word until 2023. Home, science and technology enterprises plug in the wings of “intelligent interconnection” for traditional home; On the auto side, Lei Jun and other big players believe that autonomous driving is the key to the victory of intelligent electric vehicles; Even chat is now feeling the impact of artificial intelligence.
Recently, the new chatbot model ChatGPT is popular on the Internet, and the market value of related enterprises is skyrocketing. Technology giants are rushing in and there are many copycat versions. Zhou Hongyi even said that the enterprises who can’t match ChatGPT will be eliminated.
At the same time, people can not help but worry: some human work will be replaced by it? Some experts believe that ChatGPT is not innovative at all, and that the key to its success is to choose the right location. Others think the market was too optimistic about ChatGPT.
To this end, CNMO has launched a series of features called “Chat about ChatGPT”, which aims to give you a better and more comprehensive understanding of ChatGPT. This article is about “Do companies see ChatGPT’s potential, or do they just want to make money?”
ChatGPT’s popularity has, of course, made tech giants notice what it stands for and what it can do. As a result, capital rushed into the game, so many ChatGPt-related concept stocks soared.
But questions have arisen about whether ChatGPT is such a good bet, and what the capital is really up to. Did you see the potential behind ChatGPT and get in there first? Or simply by this hot “concept”, to pull up the company’s share price, to a carnival of capital?
What is the potential of ChatGPT?
At present, new energy vehicles and autonomous driving are one of the most potential and noteworthy fields, and the artificial intelligence represented by ChatGPT is widely believed to be applied to the field of autonomous driving, and bring a profound disruption and change to the automobile industry. Tesla CEO Elon Musk took note of ChatGPT and lamented how dangerous and powerful it was.
It is worth mentioning that ChatGPT was used to predict the future number one car company in the world. Although ChatGPT did not give a specific answer, it did mention the names of Tesla and BYD, and pointed out that electric cars will become mainstream, which may be a two-way journey.
Also, the financial sector is likely to be one of the key areas where ChatGPT will be applied. Currently, institutions such as China Merchants Bank and Caitong Securities have begun to use ChatGPT to write copywriting and conduct data analysis. Its efficient natural language word processing ability and the unique rigor and low error rate of artificial intelligence are very suitable for completing these tasks requiring large amounts of data analysis. However, since ChatGPT has a much higher processing capacity for English than Chinese, the actual application articles are written into English before being translated into Chinese. In the future, Chinese ChatGPT may have better performance in this respect and its application scope will be more extensive.
Nvidia looked on coldly
There are many companies taking action against ChatGPT. The first, of course, is OpenAI, the company behind ChatGPT. ChatGPT’s popularity led the company to quickly map out a commercial path for it.
On Wednesday, the company officially announced that ChatGPT Plus, a premium service based on ChatGPT, will cost $20 a month to subscribe to. After subscribing, users can use ChatGPT even during peak times, and ChatGPT is more responsive than regular users. In addition, subscribers can enjoy special privileges such as experiencing new features.
Apart from the development companies, overseas Internet technology giants such as Apple, Microsoft, Google, Amazon and Meta have also taken notice of ChatGPT. Microsoft, which was already a shareholder in OpenAI, announced after ChatGPT’s launch that it would expand its partnership with OpenAI to incorporate it into its Bing search engine. Unlike Microsoft, Google is wary of ChatGPT, and CEO Sundar Pichai has said he will overhaul Google’s AI efforts in 2023 around ChatGPT. In addition, Apple is holding an AI summit soon, perhaps feeling the pressure from ChatGPT.
As you can see, many of the current overseas technology companies are taking action because of ChatGPT. One exception CNMO noticed, however, is a major player in the current field of artificial intelligence: Nvidia.
According to industry insiders, while ChatGPT’s popularity has led many to believe that Nvidia’s AI chips will peak in the coming years, Nvidia hasn’t ramped up its production of Taiwan Semiconductor’s 4nm chips in response, which means Nvidia doesn’t seem to have a very optimistic outlook for ChatGPT.
Development is false stock market is true?
ChatGPT’s developer, OpenAI, recently received a $10 billion investment from Microsoft. Behind that investment, OpenAI is losing $500 million a year to train its AI and keep the company going.
It is reported that each time OpenAI trains ChatGPT, it costs millions of dollars, and the cloud cost of ChatGPT operation is also over hundreds of millions of dollars. The ChatGPT training required a large number of Nvidia AI chips. ChatGPT used about 10,000 Nvidia Gpus to train its AI models, according to UBS analysis. If a lot of companies want to develop their own ChatGPT, Nvidia’s AI chip business could have its own spring in its step.
Despite what we’ve said before, insiders say Nvidia isn’t ramping up its own AI chip production. But Nvidia is also one of the beneficiaries of the current ChatGPT wave.
Nvidia CEO Jen-Hsun Huang recently praised ChatGPT at a University of California event, saying it would be like the iPhone in smartphones to artificial intelligence. Huang certainly has reason to advocate for ChatGPT, which is turning Nvidia’s stock price around, making it a “contrarmer” in the semiconductor industry.
Nvidia’s stock has risen more than 55% in a few months since the start of the year. At CNMO’s time of writing, Nvidia shares were trading above $212, giving it a market capitalization of more than $500 billion.
In addition to Nvidia, the stock prices of Google, Microsoft and Baidu have also been affected by ChatGPT in recent years. Not long ago, Google Bard’s misstep in answering questions caused its market value to plunge by $700 billion overnight. In China, due to the continued popularity of the concept of AIGC and ChatGPT, the stock prices of San600, HaitanRuizheng and Yuncong Technology have doubled compared to before the Spring Festival.
From these examples, we can see how much ChatGPT is affecting the stock prices of these tech companies right now. In this case, even if ChatGPT’s business model is still immature, companies must take it seriously or they will be questioned by investors.
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So while companies may be interested in ChatGPT’s potential, at least for now, they are also motivated in large part by the stock market.
Write at the end
For now, ChatGPT’s potential is certainly worth watching, but like the once equally popular metaverse, ChatGPT needs to be tested and given more time to develop.