Tech transformations always take years longer than suggested by euphoric record share prices, cautions Future Horizons’ Malcolm Penn.
In what can only be described as a ‘right place, right time’ moment, Nvidia’s stratospheric ascent over the past year has rewritten chip market history. The fuse was lit on 30 November 2022, when OpenAI unleashed an early demo of ChatGPT onto an unsuspecting world. Overnight, this chatbot redefined the goalposts of artificial intelligence (AI), proving that machines can indeed ‛learn’ the complexities of human language, interaction, context, nuance and even humor. It quickly went viral on social media, as users shared examples of what it could do, anything from travel planning to writing pop songs and computer code.
In the first five days of its release, the app signed up over one million users and it’s now widely used across a variety of different industries, including customer service (to automate responses to common inquiries), education (creating personalized intelligent tutoring systems), content creation (everything from generating ideas to writing articles), businesses (for generating draft e-mails or writing code), healthcare (clinical decision support, recordkeeping and analyzing medical literature) and entertainment (to generate video game storylines, movie scripts and dialogue).
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