In the ever-evolving landscape of technology, the emergence of artificial intelligence (AI) has been nothing short of revolutionary. Among the myriad of AI innovations, one stands out: ChatGPT, a text-generating marvel developed by OpenAI. This ground-breaking technology has ushered in a new era of possibilities, sparking a frenzy of innovation and investment as businesses race… Continue reading Unleashing the AI Revolution: The Impact of ChatGPT on the Economy
The past two years have been challenging for investors in the technology sector. SoftBank, a prominent Japanese investment firm emblematic of the venture capital boom of the 2010s, is facing challenges. These challenges stem from shifting dynamics, characterised by higher interest rates and reduced corporate valuations. Despite these challenges, investing in artificial intelligence (AI) remains… Continue reading Investing in AI: Private Start-ups versus Public Markets
In the realm of science fiction, envisioning a world dominated by super-intelligent Artificial Intelligence (super-AI) sparks curiosity and contemplation. Films like “Wall-E” and literary works such as Iain M. Banks’ “Culture” series paint vivid pictures of societies. In these societies, humans coexist with advanced AI, freed from the constraints of traditional labour. While these narratives… Continue reading Living with Super-AI: Exploring Human Existence through Economics
Large language models (LLMs) are sophisticated artificial intelligence (AI) systems that are revolutionizing text processing across various applications. Although LLMs have been incubating in research laboratories since the late 2010s, their proliferation accelerated following the emergence of ChatGPT. This article outlines the top-ranking large language models of 2024. Understanding LLMs A large language model… Continue reading The top-ranking large language models of 2024
The arrival of ChatGPT and similar large language models (LLMs) signals a significant milestone in the evolution of AI. These developments are poised to trigger a notable shift in the economy. Over the past few decades, we have witnessed gradual progress in automated information systems. However, the latest generation of tools is distinctive, indicating a… Continue reading The Evolution of AI and Its Economic Implications
